(budgeted: $16,375,194 versus actual: $15,381,198) which is 93.93% of budget. The year finished in a strong financial position with disbursements and encumbrances less than receipts. Receipts were greater than disbursements and encumbrances by about $1.3 million. Receipts were 107% of budget due to several things: income generated by the additional people living at Pointe Oakwood; an increase in Oakwood residents working from home, thereby directing their local income taxes to Oakwood rather than other jurisdictions; and total earned income of Oakwood residents remains strong.
Mrs. Stafford then referenced a chart for the Refuse Fund, excluding transfers, showing budgeted versus actual for receipts (budgeted: $1,378,600 versus actual: $1,386,404), which is 100.57% for the year; disbursements (budgeted: $1,605,900 versus actual: $1,525,827) which is 95.01% of budget. The budget included planned capital expenditures for the purchase of a new front-end loader and two new refuse scooters.
She then referenced a chart for Enterprise Funds, excluding transfers, showing budgeted versus actual for receipts (budgeted: $3,588,935 versus actual: $3,547,917), which is 98.86% for the year; disbursements (budgeted: $4,372,141 versus actual: $4,198,887) which is 96.04% of budget. The Enterprise Funds include Water, Sanitary Sewer and Stormwater. The water and sewer funds can fluctuate from year to year and are driven, in large part, by the weather and rainfall. Also, 63% of sewer costs went to Montgomery County and the city of Dayton for wastewater treatment.
The 2022 financial audit has been performed. The auditors completed their field work in the city’s administrative offices. There were no items noted by the auditors so the city anticipates an unqualified “clean” opinion, which is the best opinion. There has been no timeline given for receiving the final audit report, but it is expected by the end of May.
In regard to 2023 financials through March 31, Mrs. Stafford referenced a chart for General City Services, excluding transfers, showing budgeted versus actual for receipts (budgeted: $16,306,353 versus actual: $4,342,092) which is 26.63% of budget (April and May are when a large portion of income taxes are received); and disbursements (budgeted: $18,068,858 versus actual: $6,445,240) which is 35.67% of budget. Property taxes and property tax assessments are typically received in April and May. Blanket purchase orders are submitted for many purchases at the beginning of the year to cover expenses for the entire year.
She then referenced a chart for the Refuse Fund, excluding transfers, showing budgeted versus actual for receipts (budgeted: $1,387,100 versus actual: $338,066), which is 24.37% of budget; disbursements (budgeted: $1,596,368 versus actual: $690,402) which is 43.25% of budget.
She then referenced a chart for Enterprise Funds, excluding transfers, showing budgeted versus actual for receipts (budgeted: $3,484,400 versus actual: $817,212 which is 23.45% of budget; disbursements (budgeted: $6,585,297 versus actual: $1,996,692) which is 30.32% of budget. The Enterprise Funds include Water, Sanitary Sewer and Stormwater. She explained that most of the sewer costs are driven by Montgomery County and the city of Dayton. Also, receipts include $985,000 for the Far Hills Storm Sewer Reconstruction Project. This project was dependent on a grant that was not received which is why a supplementation appropriation was passed this evening to allow for the transfer of these funds from the General Fund to cover the cost of the project.
Mr. Klopsch mentioned that the water and sewer rates have not been raised in a number of years, but costs continue to increase. The Budget Review Committee is aware that a rate increase may be needed for water and sanitary sewer. This will be discussed at their Tuesday, May 16 committee meeting.
Mayor Duncan reported that Oakwood has the 3rd lowest water rates of 66 Miami Valley jurisdictions.
Council thanked Mrs. Stafford for all her good work.
AN OAKWOOD MOMENT
Mrs. Turben highlighted the blooming trees and flowers in Oakwood. She recognized that Oakwood has been designated a Tree City USA for 41 consecutive years.
CITY MANAGER REPORT – Mr. Klopsch began his comments by thanking Leisure Services Director Carol Collins and Horticulturist Brian Caldwell for all of their hard work and beautification efforts throughout the city. He recognized Ms. Collins for her dedication and passion for creating an incredible ambiance in Oakwood. He then recognized Mr. Caldwell and noted that there’s no harder worker in Oakwood than Brian Caldwell. He is seen out working in the Oakwood community taking care of all of the details. Ms. Collins started the Johnny Appleseed Street Tree Planting program early in her career and it has paid enormous dividends in terms of