city of Dayton. In 2023, about 67% of our Sewer Utility costs were attributed to the sewer and wastewater treatment services that we buy from Montgomery County and Dayton. Based on the 2023 regional rate survey, we have the 36^th lowest sanitary sewer rates out of 65 jurisdictions.

We start 2024 with unencumbered Stormwater Funds at $484,788, which is about half of the $1,000,000 that I believe is an appropriate and necessary amount to have the resources for maintaining our storm sewer system and addressing emergency needs as they may arise. We established our Stormwater Utility in 2013 and should consider a rate increase in 2025. The current monthly residential stormwater rate is $10. It was last raised in January 2020. The 2024 Budget includes $280,000 in storm sewer-related capital expenditures and has total spending at $161,826 more than revenue.

This budget document includes a section on Goals and Objectives. These are projects that are important in continuing to provide the finest possible service to our Oakwood community.

I thank you and our BRC members for guidance in preparing this budget. I believe it is a responsible budget that appropriates the resources we need to continue providing excellent services to our community.