At February's close, YTD income tax receipts are at $2M or 17.4% of budget. With the bigger spring collection months still to come, the City is off to a good start in its largest revenue category. Total general fund revenues are 2.3 million, or 14% of the budgeted amount. This figure is slightly lower for February, due to the timing difference of property tax revenue; the first half property tax settlement will be received in April.

Year-to-date investment income is roughly $140K as compared to 93K this time last year. This increase is due to shifting compensating balances from the City’s general checking account to STAR Ohio, providing higher year-over-year returns.

General fund expenditures are approx. $4.1M or about 22% of the annual budget. Salaries and benefits comprise 40% of general fund expenditures, while transfers make up about 55%. Please recall that January transfers are generally higher as compared to subsequent months due to the start of the fiscal year purchase order process, which encumbers funds that will be spent in future months. Current general fund encumbrances are $1.7M, bringing expenditures plus encumbrances to 31% of the 2026 budget.

Refuse receipts are at 478K or 24%. During January, 220K was transferred into the Refuse Operating fund from the General Fund, to maintain the desired fund balance and partially offset future transfers to the Refuse Capital Fund. Backing out transfers, revenue is at 16%. Most refuse revenue comes from disposal fees charged to City residents; dumpster fees and mulch sales will contribute to refuse revenue overall, largely in the spring months. The City has spent $355K on refuse, with another $312K encumbered. Expenditures plus encumbrances sit at 31% of budget. Health Insurance and Landfill and Tipping fees make up 76% of all refuse encumbrances. The Montgomery County Solid Waste Management District has informed the City that generation fees will increase from $3.00 per ton to $3.65 per ton in 2026, followed by an annual increase of 6% thereafter. This increase in operating costs is being evaluated and built into our revenue/cost model to ensure operational and capital needs are sustainable in future years; a $5 monthly increase recommendation in 2027 is expected.

Water has collected $352K, or nearly 15% of the year’s projected total revenue. The 2026 water rate increase is reflected in February's revenue figures, with an additional 31k in monthly water sales revenue as compared to last month. With expenses sitting at 222K or 10% of budget and $509K encumbered, YTD expenditures plus encumbrances are at 27% of plan. The largest encumbered budget lines are Consultants, Utilities, and Chemicals/Softening Supplies, which make up 68% of total encumbrances.

Sewer revenue has generated $384K in revenues or 16% of the budgeted total. As with water, the 2026 increase in consumption rates are now reflected in the February revenue line, bringing in an additional 24k in sanitary sewer fees over last month. Sewer has approx. 466K of expenses, out of $3.1M budgeted, largely comprised of 4th quarter Dayton and County Sewer charges. Encumbrances for the City of Dayton and Montgomery County make up 57% of the 193K total encumbered. Total expenses plus encumbrances are 21% of the 2026 expenditure budget.