As of October's month-end, income tax receipts are 86% of budgeted revenue, with nearly $9.9M collected YTD. Prior year collections totaled $10.1M, or 94%. (2024 budgeted revenues were $750k less than 2025, 10.8 million vs. 11.55 million) We expect income tax revenues to 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 million, or 91% of General fund budgeted revenues.

Year-to-date interest revenues exceed 831K as compared to 566K this time last year. This increase is primarily due to shifting compensating balances from the City’s general checking account to STAR Ohio. Interest rates continue to remain strong, providing higher than budgeted revenues YTD.

General fund expenses are at $11.6M, roughly 74% of the annual budget. Salaries and benefits make up 7.1M or 61% of general fund expenditures through October 2025. Current general fund encumbrances, of approx. $581K, bring expenditures plus encumbrances to roughly 78% of the 2025 budget. As we start doing 4th quarter "clean up" in anticipation of year-end, purchase orders will be reviewed and revised/closed if expenses are lower than anticipated for the remainder of the year.

Refuse receipts are at 85% of budgeted revenue with over 1.3M received YTD. The largest portion of refuse revenue comes from disposal fees charged to City residents. The City has spent $1.1M on refuse, sitting at 71% of the total budget. With $75K encumbered, expenditures plus encumbrances sit at 75% of budget. The three largest encumbrances, health insurance, tipping, and landfill fees account for 81% of all refuse encumbrances.

Water has collected $1.8M, or 87% of the year’s projected total revenue, with expenses of approx. 1.7M or 78% of budget. October’s YTD expenses reflect the budgeted transfer of $500K occurring, moving funds from the operating account to the capital account. An additional $287K is encumbered, bringing expenditures plus encumbrances to 91% of plan. Two of the largest encumbered budget lines, which make up 48% of total encumbrances, are Chemicals/Softening Supplies and Consultants, i.e. the Water Well and Treatment Plant Capacity assessment as well as the operator of record contract.

Sewer revenue has brought in nearly $2M in revenues or 82% of the budgeted total. Sewer has approx. 2M in expenditures, also reflecting a budgeted transfer of $300K from the operating account to the capital account. Encumbrances for the City of Dayton and Montgomery county were liquidated last month, however, once 4th quarter billing is estimated, a purchase order will be created to encumber 2025 funds to carry into 2026. Expenses plus encumbrances currently sit at 63% of the total expense budget.

Stormwater revenue is at 412K or 878% of the estimated revenue total. Stormwater expenses amount to $288K YTD with nearly $64K in encumbrances, for a total of about 69% of the $510K budget. Leaf Disposal and Curb & Catch Basin Repairs account for 78% of encumbrances.