Mr. Klopsch reported that as Vice Mayor Byington previously mentioned, Oakwood's total city budget is divided into five primary parts with budgeted spending in each as follows:
| General City Services: | $ | 13,407,933 |
| Refuse: | $ | 1,655,376 |
| Water Utility: | $ | 1,171,688 |
| Sanitary Sewer Utility: | $ | 1,866,190 |
| Stormwater Utility: | $ | 530,044 |
Mr. Klopsch presented 2020 revenues and expenses (in millions):
| Revenue | Expenses | |
|---|---|---|
| General City Services: | $13.64 | $13.41 |
| Refuse Operations: | $1.35 | $1.66 |
| Water Utility: | $1.17 | $1.17 |
| Sanitary Sewer Utility: | $1.80 | $1.87 |
| Stormwater Utility: | $0.47 | $0.53 |
Mr. Klopsch then provided a comparison of 2019 and 2020 capital expenses:
| 2019 Budget | 2020 Proposed | |
|---|---|---|
| General City Services: | $1,461,100 | $1,343,100 |
| Refuse Operations: | $220,000 | $320,000 |
| Water Utility: | $290,000 | $30,000 |
| Sanitary Sewer Utility: | $50,000 | $380,000 |
| Stormwater Utility: | $0 | $160,000 |
The 2020 Refuse budget includes $300,000 for a new refuse packer truck, and the sanitary sewer budget includes $330,000 for a new Vactor truck.
Mr. Klopsch then provided highlights of the 2020 Budget related to taxes and fees. The budget includes the 10% income tax credit reduction factor approved in 2018; proposes a $3/month fee increase for stormwater; and no fee increases in Water, Sanitary Sewer or Refuse. The last tax and fee increases for the income tax rate was in 1984; property taxes was in 2013; water rates was in 2017; sanitary sewer rates was in 2018; stormwater rates was in 2017; and refuse rates was in 2019.
For General City Services, the 2020 beginning balance is estimated to be $9,666,524 for General Operations, which is about nine months of operating expenses. The 2020 budget includes $1,343,100 for capital expenses. The 2020 budgeted revenue is $233,910 above revenue.
For Refuse Operations, the 2020 beginning balance is estimated to be $616,985. Refuse rates were last raised in January 2019 when they were increased from $27 to $30 per month. The 2020 budget includes $320,000 for capital expenses. The 2020 budgeted revenue is $304,776 below expenses.
For the Water Utility, the 2020 beginning balance is estimated to be $1,135,981. Water rates were last increased in January 2017 and Oakwood currently has the 7th lowest water rates of 66 Miami Valley jurisdictions. There is $30,000 included for capital expenses in 2020. The 2020 budgeted revenue is $1,812 above expenses.
For the Sanitary Sewer Utility, the 2020 beginning balance is estimated to be $1,411,502. Sewer rates were last raised in January 2018. Oakwood currently has the 46th lowest sewer rates of 63 Miami Valley jurisdictions. The 2020 budget includes $380,000 for capital expenses. The 2020 budgeted revenue is $66,490 below expenses.
For the Stormwater Utility, the 2020 beginning balance is estimated to be $309,605. The monthly residential fee has been $7 since January 2017. The fee will be increased to $10 beginning in January 2020. The 2020 budget includes $160,000 for capital expenses. The 2020 budgeted revenue is $62,709 below expenses.
Mr. Klopsch closed his presentation by noting that the citizen Budget Review Committee endorses the 2020 Budget, including the stormwater rate increase.
Vice Mayor Byington explained that Oakwood is fortunate to have a citizen budget committee that currently includes 35 members that is equally represented by residents from each of Oakwood's seven voting precincts. That committee met four times this year, and as reported earlier this evening by Committee Chair Dave Dickerson and Vice Chair Bill Frapwell, endorses this 2020 budget. Vice Mayor Byington stated that the level of transparency mentioned by Mr. Frapwell with the budget is to be commended. Residents appreciate knowing exactly where their money is going.