budget · E

Discussion and Review of FY 2026-2027 Budget

Dated January 20, 2026City Council — work session, January 20, 2026 56 pages

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City of Tiffin Notes to Basic Financial Statements NOTE 10 – COMMITMENTS The City entered into construction contracts that were unfinished at June 30, 2025. At June 30, 2025, the City had remaining construction commitments of $30,822,311. Note 11 – SUBSQUENT EVENT On August 14, 2025, the City issued $14,384,000 of Water Revenue Bonds Series 2025. The bonds were issued with an interest rate 3.21% and will mature on June 1, 2046. 29

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Attached to agenda item: E Discussion and Review of FY 2026-2027 Budget

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