City of Oakwood
Cindy Stafford
Subject: Monthly Financials – January
The following are the items to note when reviewing January’s financials:
General City Services:
  • Gross Income Tax collections are at 10.80% of the budgeted $11.00M. April and May are normally our largest collection months. The gross and net 2023 collections are less than YTD January 2022 by 1.60% and 1.70%, respectively.
  • Our Real Estate tax collections total $40,115; 1.44% of budget.
  • General Fund revenues are 9% of budget and total General City Services revenues are 9% of budget.
  • General Fund expenditures, including encumbrances, are 18% of budget and total General City Services expenditures, including encumbrances, are 21% of budget.
  • Budgeted disbursements for General City Services include $17,179,288 in original appropriations.
  • No unusual items in the month of January.
Refuse Fund:
  • Refuse revenues are approximately 8% of budget. Expenditures, including encumbrances, are approximately 30% of budget.
  • Budgeted disbursements for Refuse include $1,507,535 in original appropriations.
  • No unusual items in the month of January.
Enterprise Funds:
  • Water revenues are approximately 8% of budget. Expenditures, including encumbrances, are approximately 30% of budget.
  • Budgeted disbursements for Water include $1,796,750 in original appropriations.
  • Sewer revenues are approximately 8% of budget. Expenditures, including encumbrances, are approximately 17% 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 9% of budget. Expenditures, including encumbrances, are approximately 19% of budget.
  • Budgeted disbursements for Stormwater include $1,607,525 in original appropriations.
  • No unusual items in the month of January.
Cindy
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