City of Oakwood
Cindy Stafford
Subject: Monthly Financials – August
The following are the items to note when reviewing August’s financials:
General City Services:
  • Gross Income Tax collections are at 72.21% of the budgeted $11.00M. April and May are normally our largest collection months. The gross and net 2023 collections are less than YTD August 2022 by 0.57% and 0.79%, respectively.
  • Our Real Estate tax collections total $2,590,777; 92.77% of budget.
  • General Fund revenues are 77% of budget and total General City Services revenues are 78% of budget.
  • General Fund expenditures, including encumbrances, are 69% of budget and total General City Services expenditures, including encumbrances, are 72% of budget.
  • Budgeted disbursements for General City Services include $17,179,288 in original appropriations plus the following supplemental appropriations:
    • $985,000 approved May 1, 2023 to be transferred to the Stormwater Improvement / Equipment Replacement Fund for the Far Hills Storm Sewer Reconstruction project; and
    • $50,000 approved May 1, 2023 for costs related to the continuation of a traffic study.
  • No unusual items in the month of August.
Refuse Fund:
  • Refuse revenues are approximately 68% of budget. Expenditures, including encumbrances, are approximately 72% of budget.
  • Budgeted disbursements for Refuse include $1,507,535 in original appropriations plus the following supplemental appropriation:
    • $25,000 approved May 1, 2023 for the purchase of a refuse scooter.
  • No unusual items in the month of August.
Enterprise Funds:
  • Water revenues are approximately 69% of budget. Expenditures, including encumbrances, are approximately 64% of budget.
  • Budgeted disbursements for Water include $1,796,750 in original appropriations.
  • Sewer revenues are approximately 67% of budget. Expenditures, including encumbrances, are approximately 60% 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 92% of budget. Expenditures, including encumbrances, are approximately 91% of budget.
  • Budgeted disbursements for Stormwater include $1,607,525 in original appropriations.
  • No unusual items in the month of August.
Cindy