As FY 2025 ends, the city is in a strong financial position. Fund balances are 1.2M higher at Dec 31, than Jan 1. For all funds, total revenues, less internal transfers, exceeded 100% of budgeted revenues, while expenditures, plus outstanding encumbrances, are sitting at 86% of budgeted expenses.

At December's close, income tax receipts are 98% of budgeted revenue, with $11.3M collected YTD. Final 2025 property tax collections came in at 106% of budgeted revenue in the amount of $3.07M. Total general fund revenues exceed $15.6 million, or 100% of General fund budgeted revenues.

Year-to-date interest revenues exceeded $1M as compared to 680K prior year. General fund interest revenues are at 641K or 135% of budgeted revenues. Coupled with strong interest rates, this increase is due to shifting compensating balances from the City’s general checking account to STAR Ohio, resulting in higher than budgeted revenues YTD.

General fund expenses are $13.6M or roughly 87% of annual budgeted expenditures. Salaries and benefits total nearly $8.8M or 64% of general fund expenditures through December 2025. End of year purchase order clean-up was completed to better reflect 2025 expenses being paid in 2026, with no single encumbrance line dominating. Current general fund encumbrances of approx. $125K, bring expenditures plus encumbrances to roughly 88% of the 2025 budget.

Refuse receipts are at 102% of budgeted revenue, with nearly 1.6M received YTD. The largest portion of refuse revenue comes from disposal fees charged to City residents. The City has spent $1.4M on refuse, with another $25K encumbered. Expenditures plus encumbrances sit at 85% of budget. Landfill and tipping fees make up 80% of all refuse encumbrances. The Montgomery County Solid Waste Management District has informed the City that in 2026, generation fees will increase from $3.00 per ton to $3.65 per ton, followed by an annual increase of 6% thereafter. This increase in operating costs is being evaluated and built into our revenue/cost model in order to ensure operational and capital needs are sustainable in future years. No cost increase will be passed along to our residents in 2026, however a $5 monthly increase in 2027 is likely.

Water has collected $2.2M, or 105% of the year’s projected total revenue; three revenue sources contributing to this overage are sales of water, interest, and meter sales. With expenses sitting at 2M or 91% of budget. An additional $126K is encumbered, bringing expenditures plus encumbrances to 97% of plan. The largest encumbered budget line remaining is Consultants, i.e. the Water Well and Treatment Plant Capacity assessment, as well as the operator of record contract, which make up 60% of total encumbrances.

Sewer revenue has generated $2.3M in revenues or 98% of the budgeted total. The shortfall in sanitary sewer fees was partially made up by a surplus in interest revenue. Sewer has approx. 2.3M in expenditures out of $3.3M budgeted. Encumbrances for the City of Dayton and Montgomery County make up 98% of the 474K total encumbered. This carries