Tiffin Civic Chronicletiffin.cc

Financed purchase, 2013 street sweeper

Financed purchase · Not on the latest statement

What the City of Tiffin owes, how that changed over time, and what each borrowing paid for, compiled from the Treasurer of Iowa disclosure statements, Annual Financial Reports, audits, official statements and debt books the city published. See also fund balances and the cash-flow chart (bond proceeds appear there as borrowing).
Compiled from documents the City of Tiffin published with its council agendas (the Treasurer of Iowa disclosure statements, Annual Financial Reports, audits, official statements, debt books, urban renewal reports). Not official accounting. Every figure is as printed on the linked page and as of the date shown; where two documents print different figures for the same date, both are shown.

Total owed

Outstanding debt over time

One bar per fiscal year (July–June, named by the year it ends): the June 30 figure of the best source that year (disclosure statement, then audit, then Annual Financial Report); a year without a June 30 figure shows the latest one printed. Bars before 2021 are the AFR's own categories. The last bar adds the estimate (dashed outline).

Every figure printed, by date and source

Share of the constitutional debt limit used

Iowa limits general-obligation debt to 5% of the actual value of taxable property. Solid points: the city's own computation, joined only within one kind of document (official statements, which include the bond being sold at its planned size; the debt books' current-year rows). The two kinds are not joined to each other: they count different dates and items. Hollow points are derived: an Annual Financial Report's GO total over its limit (counts annual-appropriation bonds in full), and the latest disclosure statement's GO rows over the last printed limit. Dashed: the financial advisor's projection in the latest debt book, which assumed the 2025A at $5.5M, the Recreation Center bonds (2026A) at $10M (issued: $12.9M), a 2028A fire station issue of $8.5M and 8% yearly valuation growth.

Printed or computed from printed figuresDerived Projection (debt book)
Table of the debt-limit figures

Every borrowing
Sewer Revenue Bond, SRF Series 20162016-09-302037-06-01 $2,296,000$1,276,000 Wastewater treatment plant, phase oneOutstanding
General Obligation Corporate Purpose Bonds, Series 2017A2017-12-202033-06-01 $5,140,000$2,685,000 Streets, sewer, water, storm water, parks and trailsOutstanding
General Obligation Annual Appropriation Fire Truck Acquisition Bonds, Series 2018A2018-04-042038-06-01 $1,100,000$765,000 A fire department ladder truckOutstanding
General Obligation Corporate Purpose Bonds, Series 2019A2019-09-042031-06-01 $4,500,000$2,175,000 Streets, water, sewer and storm sewerOutstanding
General Obligation Urban Renewal and Refunding Bonds, Series 2020A2020-08-252035-06-01 $7,670,000$3,930,000 Phase II streets, a water well, the public works building, a sewer main, and refunding Series 2012AOutstanding
Sewer Revenue Bond, SRF Series 20182021-02-052038-06-01 $5,624,000$4,138,000 Wastewater treatment plant, phase twoOutstanding
General Obligation Annual Appropriation Corporate Purpose Refunding Bonds, Series 2021A2021-03-092028-06-01 $2,510,000$760,000 Refunding of Series 2015AOutstanding
Sewer Revenue Bond, Series 2022 (SRF sponsored project)2022-03-042038-06-01 $486,000$343,059 Permeable paver parking (a water resource restoration project, 0% interest)Outstanding
General Obligation Corporate Purpose Bonds, Series 2022A2022-05-182038-06-01 $2,740,000$2,050,000 Public works building, land purchase (fire station site), fire truckOutstanding
Water Revenue Loan and Disbursement Agreement Anticipation Project Note, Series 2024 (SRF planning and design loan)2024-01-052027-01-05 $143,774$143,774 Planning and design of the water treatment plantNot on the latest statement
General Obligation Corporate Purpose Bonds (Capital Loan Notes), Series 2024A2024-05-302032-06-01 $3,565,000$2,980,000 Original Town phase 3 streets, Kimberlite Street, fire and public works vehicles, North Park Road engineeringOutstanding
Financed purchase, 2013 street sweeper2024-08-16 $130,000$101,896 A used (2013) street sweeperNot on the latest statement
Financed purchase, 2012 sewer cleaner2025-01-15 $175,000$175,000 A used (2012) sewer cleaning truckNot on the latest statement
General Obligation Corporate Purpose Bonds, Series 2025A2025-04-242040-06-01 $5,350,000$5,280,000 North Park Road reconstructionOutstanding
Water Revenue Bonds, Series 2025 (SRF loan and disbursement agreement)2025-08-19 $14,384,000 Water treatment plant upgrades (reverse osmosis)Not on the latest statement
General Obligation Urban Renewal Bonds, Series 2026A2026-02-172043-06-01 $12,925,000$12,925,000 The Community/Recreation CenterOutstanding

Outstanding: the latest balance printed, with its date and source (the latest disclosure statement for listed issues; for an SRF loan, the amount requested from it so far). Click a row for its history, documents and projects.

Financed purchase, 2013 street sweeper

Purpose
A used (2013) street sweeper
Issued
August 16, 2024
Original amount
$130,000
Outstanding
$101,896 on June 30, 2025
Status
Not on the latest statement (not on the 2026 disclosure statement)

Listed under "Financed Purchases" in the audited FY2025 Schedule of Indebtedness (6.90%). The payables lists show annual payments of $30,028.53 to KS StateBank for the "2013 Pelican street sweeper lease" (September 17, 2024 and October 6, 2026; none on the September–October 2025 lists); FY2025's payment was $28,104 principal and $1,924 interest (audit).

Next principal payments

Where the documents disagree

Tax increment financing (urban renewal) debt

Each December the city certifies its urban renewal obligations to the County Auditor and asks for the TIF revenue to pay them. "TIF debt outstanding" is the remaining certified amount of every TIF obligation: developer rebate agreements, and the GO bonds TIF repays counted with their interest. It overlaps the debt above; it is not a second debt.

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    Data last updated October 15, 2026. Built from the archive's documents; see how the data is built.