Discussion and Review of FY 2026-2027 Budget

City of Tiffin Statement of Cash Receipts, Disbursements, and Changes in Cash Balances - Proprietary Funds Year Ended June 30, 2025 Enterprise Funds Water Sewer Storm Water (600-608) (610-618) Recycling (670) (740) Total Operating Receipts Charges for services $ 1,279,572 $ 1,464,651 $ 522,307 $ 125,337 $ 3,391,867 Miscellaneous 14,733 280 - - 15,013 Total operating receipts 1,294,305 1,464,931 522,307 125,337 3,406,880 Operating Disbursements Business Miscellaneous type activities expenses 995,800 741,689 506,709 7,015 2,251,213 Excess of operating receipts over operating disbursements 298,505 723,242 15,598 118,322 1,155,667 Nonoperating Receipts (Disbursements) Use of money and property 86,346 - - - 86,346 Debt service - (511,132) - - (511,132) Capital projects (1,307,689) (74,966) - - (1,382,655) Total nonoperating (1,221,343) (586,098) - - (1,807,441) receipts (disbursements) Excess of reciepts over (under) disbursements (922,838) 137,144 15,598 118,322 (651,774) Other Financing Sources (Uses) Transfers in 88,000 - - - 88,000 Transfers out (111,500) - - - (111,500) Total other financing sources (uses) (23,500) - - - (23,500) Change in cash balances (946,338) 137,144 15,598 118,322 (675,274) Cash Balances Beginning of year 1,514,907 508,909 139,939 468,609 2,632,364 End of year $ 568,569 $ 646,053 $ 155,537 $ 586,931 $ 1,957,090 Cash Basis Fund Balances Restricted for Capital projects $ - $ 86,127 $ - $ - $ 86,127 Utility deposits 71,280 - - - 71,280 Unrestricted 497,289 559,926 155,537 586,931 1,799,683 Total cash basis fund balances $ 568,569 $ 646,053 $ 155,537 $ 586,931 $ 1,957,090 See notes to basic financial statements. 16