City of Oakwood
Cindy Stafford
Subject: Monthly Financials – February
The following are the items to note when reviewing February’s financials:
General City Services:
  • Gross Income Tax collections are at 17.20% of the budgeted $11.00M. April and May are normally our largest collection months. The gross and net 2023 collections are less than YTD February 2022 by 5.29% and 4.68%, respectively.
  • Our Real Estate tax collections total $1,042,602; 37.33% of budget.
  • General Fund revenues are 21% of budget and total General City Services revenues are 21% of budget.
  • General Fund expenditures, including encumbrances, are 24% of budget and total General City Services expenditures, including encumbrances, are 26% of budget.
  • Budgeted disbursements for General City Services include $17,179,288 in original appropriations.
  • No unusual items in the month of February.
Refuse Fund:
  • Refuse revenues are approximately 16% of budget. Expenditures, including encumbrances, are approximately 35% of budget.
  • Budgeted disbursements for Refuse include $1,507,535 in original appropriations.
  • No unusual items in the month of February.
Enterprise Funds:
  • Water revenues are approximately 15% of budget. Expenditures, including encumbrances, are approximately 33% of budget.
  • Budgeted disbursements for Water include $1,796,750 in original appropriations.
  • Sewer revenues are approximately 15% of budget. Expenditures, including encumbrances, are approximately 19% of budget. 63% of our 2022 costs were a result of payments to Dayton and Montgomery County for wastewater treatment.
  • Budgeted disbursements for Sanitary Sewer include $2,407,741 in original appropriations.
  • Stormwater revenues are approximately 5% of budget. Expenditures, including encumbrances, are approximately 19% of budget.
  • Budgeted disbursements for Stormwater include $1,607,525 in original appropriations.
  • No unusual items in the month of February.
Cindy