years. Swim Safe will be responsible for all aspects of pool operations, including opening, closing, maintenance, staff management, and winterization.

The City invited qualified consultants with expertise in water, wastewater, and energy management solutions to submit proposals for the oversight of the city's water distribution services. City staff met with representatives from Veolia to gather additional information and assess the viability, feasibility, and sustainability of a potential partnership aimed at enhancing existing resources and ensuring the continued delivery of high-quality services to the community.

The Ohio Department of Transportation is currently addressing the potholes created by last year's Far Hills Storm Sewer Reconstruction Project.

In early May, the Public Safety Department conducted a ribbon-cutting ceremony to unveil the new all-electric Blazer police patrol vehicle. This marks a significant milestone, as it is the first all-electric patrol vehicle to be deployed in Montgomery County and one of the first in the state. The Safety Department takes pride in being the pioneering agency in Montgomery County to incorporate an all-electric police vehicle into its operational fleet.

Mrs. Smiddy then invited Finance Director Maralee Leonard to present the following financial data:

• 2024 YEAR-END FINANCIALS AT A GLANCE:
  • The primary sources of revenue include income taxes, property taxes, and various fees such as grants, refuse, sewer, and stormwater charges. For the year 2025, income tax revenue is anticipated to reach $11.55 million, maintaining the same collection rate observed over the previous two years.
  • The projected revenue for 2024, excluding transfers, was set at $22.6 million, while the actual revenue reached $24.01 million. General City Services encompass the City's eight primary operating funds, along with 25 additional funds. Refuse and enterprise funds, including water, sewer, and stormwater, are categorized separately. The expenses for 2024 were below budget, amounting to $26.7 million.
• 2024 FINANCIAL AUDIT: The ongoing audit of the city's financial records for 2024 is being conducted by Plattenburg & Associates.
• 2025 FINANCIALS – THROUGH APRIL:
  • General City Services receipts through April are at 46.52% of budget, while disbursements and encumbrances are at 42.66% of budget.
  • Refuse Fund receipts through April are at 33.96% of budget and disbursements and encumbrances are at 40.90% of budget.
  • Water Fund receipts through April are at 26.57% of budget and disbursements and encumbrances are at 45.16% of budget. Another water rate increase will need to be considered in 2025.
  • Enterprise Fund receipts through April are at 31.26% of budget and disbursements and encumbrances are at 49.38% of budget.
• 2026 CAPITAL PROJECTS/EXPENSES: The following capital expenses are in the 2024 Budget. Ms. Leonard provided a brief overview of some of the items.
  • Computer Equipment: $40,000
  • Life-Pak 15 (Engine 26): $30,000
  • Fire Engine, to replace 1996 unit... $950,000
  • Public Safety Radios: $125,000 (using forfeiture funds)