Discussion and Review of FY 2026-2027 Budget

City of Tiffin Schedule of the Primary Government's Contributions Iowa Public Employees' Retirement System Last Four Fiscal Years (In Thousands) Other Information 2025 2024 2023 2022 Statutorily required contribution $ 163 $ 127 $ 100 $ 81 Contributions in relation to the Statutorily required contribution (163) (127) (100) (81) Contribution deficiency $ - $ - $ - $ - City's covered payroll $ 1,726 $ 1,443 $ 1,060 $ 861 Contributions as a percentage of covered payroll 9.44% 8.80% 9.43% 9.41% Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full ten year trend is compiled, the City will present information for those years for which information is available. See notes to other information – pension liability. 36