Monthly Financials – November 2025

At November's close, income tax receipts are 91% of budgeted revenue, with $10.5M collected YTD, as compared to prior year collections of $10.8M. Income tax revenues continue to come in as filings and employer withholdings. Final 2025 property tax collections came in at 106% of budgeted revenue in the amount of $3.07M. Total general fund revenues exceed $14.7 million, or 95% of General fund budgeted revenues.

Year-to-date interest revenues exceed 915K as compared to 629K this time last year. General fund interest revenues are at 579K or 122% of budgeted revenues. Coupled with strong interest rates, this increase is due to shifting compensating balances from the City’s general checking account to STAR Ohio, resulting in higher than budgeted revenues YTD.

General fund expenses are $12.6M or roughly 80% of annual budgeted expenditures. Salaries and benefits make up 7.9M or 63% of general fund expenditures through November 2025. Current general fund encumbrances of approx. $398K, bring expenditures plus encumbrances to roughly 83% of the 2025 budget. End of year purchase order clean-up is on- going; purchase orders are being reviewed by the department heads and are being revised/closed to better reflect needs through the end of year.

Refuse receipts are 93% of budgeted revenue, with nearly 1.5M received YTD. The largest portion of refuse revenue comes from disposal fees charged to City residents. The City has spent $1.2M on refuse YTD, with another $67K encumbered. Expenditures plus encumbrances sit at 81% of budget. The three largest encumbrances, health insurance, tipping, and landfill fees account for 80% of all refuse encumbrances. The Montgomery County Solid Waste Management District has informed the City that, effective January 1, 2026, generation fees will increase from $3.00 per ton to $6.65 per ton, followed by an annual increase of 6% thereafter. This increase in operating costs is being evaluated and factored into our revenue/cost model to ensure operational and capital needs are sustainable in future years. No cost increase will be passed along to our residents in 2026, however a $5 monthly increase in 2027 is likely.

Water has collected $2.03M, or 97% of the year’s projected total revenue, with expenses sitting at 1.9M or 85% of budget. An additional $235K is encumbered, bringing expenditures plus encumbrances to 95% of plan. Two of the largest encumbered budget lines are Chemicals/Softening Supplies and Consultants, i.e. the Water Well and Treatment Plant Capacity assessment, as well as the operator of record contract, which make up 53% of total encumbrances.

Sewer revenue has generated $2.1M in revenues or 90% of the budgeted total. Sewer has approx. 2.3M in expenditures out of $3.3M budgeted. Encumbrances for the City of Dayton and Montgomery county make up 97% of the 480K total encumbered. This carries 2025 funds into 2026 to pay estimated 4th quarter sewer expenses. Total expenses plus encumbrances are at 85% of the 2025 expenditure budget.

Stormwater revenue is at 449K or 95% of the estimated revenue total. Stormwater expended $310K YTD and has $44K encumbered for a total of about 70% of the $510K