Discussion and Review of FY 2026-2027 Budget

City of Tiffin Budgetary Comparison Schedule of Receipts, Disbursements, and Changes in Balances- Budget and Actual (Cash basis) - All Governmental Funds and Proprietary Funds Year Ended June 30, 2025 Governmental Proprietary Funds Funds Actual Actual Total Receipts Property tax $ 3,970,182 $ - $ 3,970,182 Tax increment financing 2,032,604 - 2,032,604 Other city tax 971,135 - 971,135 Licenses and permits 469,120 - 469,120 Use of money and property 322,350 86,346 408,696 Intergovernmental 812,205 - 812,205 Charges for services 199,383 3,391,867 3,591,250 Miscellaneous 1,021,044 15,013 1,036,057 Total receipts 9,798,023 3,493,226 13,291,249 Disbursements Public safety 1,384,193 - 1,384,193 Public works 954,948 - 954,948 Culture and recreation 692,411 - 692,411 Community and economic development 659,006 - 659,006 General government 705,152 - 705,152 Debt service 2,936,249 511,132 3,447,381 Capital outlay 5,122,690 1,382,655 6,505,345 Business type activities - 2,251,213 2,251,213 Total disbursements 12,454,649 4,145,000 16,599,649 Excess (deficiency) of receipts over (under) disbursements (2,656,626) (651,774) (3,308,400) Debt issuance and other financing sources (uses), net 5,558,293 (23,500) 5,534,793 Excess (deficiency) of receipts and other financing sources over (under) disbursements and other financing uses 2,901,667 (675,274) 2,226,393 Balances beginning of year 8,481,003 2,632,364 11,113,367 Balances end of year $ 11,382,670 $ 1,957,090 $ 13,339,760 See notes to other information – budgetary reporting. 32