City of Oakwood, Ohio
Statement of Revenues, Expenditures and Changes in Fund Balance
Governmental Funds
For the Fiscal Year Ended December 31, 2024
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| Health | Capital | Other Governmental |
Total Governmental |
||
|---|---|---|---|---|---|
| General | District | Improvement | Funds | Funds | |
| Revenues: | |||||
| Property and Other Taxes | $1,974,221 | $116,289 | $0 | $0 | $2,090,510 |
| Income Taxes | 11,639,341 | 0 | 0 | 0 | 11,639,341 |
| Charges for Services | 2,015,516 | 0 | 0 | 127,109 | 2,142,625 |
| Investment Earnings | 722,049 | 0 | 0 | 29,668 | 751,717 |
| Intergovernmental | 460,829 | 1,751 | 1,206,400 | 1,121,796 | 2,790,776 |
| Special Assessments | 17,336 | 0 | 0 | 255,414 | 272,750 |
| Fines, Licenses, Permits, and Settlements | 220,651 | 42,182 | 0 | 56,943 | 319,776 |
| Other Revenues | 60,877 | 1,487 | 0 | 18,318 | 80,682 |
| Total Revenues | 17,110,820 | 161,709 | 1,206,400 | 1,609,248 | 20,088,177 |
| Expenditures: | |||||
| Current: | |||||
| General Government | 2,865,128 | 0 | 0 | 122,404 | 2,987,532 |
| Public Safety | 6,563,434 | 0 | 0 | 178,546 | 6,741,980 |
| Community Environment | 1,422,379 | 0 | 0 | 0 | 1,422,379 |
| Leisure Time Activities | 1,681,926 | 0 | 0 | 98,729 | 1,780,655 |
| Transportation and Street Repair | 0 | 0 | 0 | 1,375,944 | 1,375,944 |
| Public Health and Welfare | 0 | 197,414 | 0 | 0 | 197,414 |
| Capital Outlay | 124,202 | 0 | 2,440,079 | 1,260,026 | 3,824,307 |
| Total Expenditures | 12,657,069 | 197,414 | 2,440,079 | 3,035,649 | 18,330,211 |
| Excess of Revenues Over (Under) Expenditures | 4,453,751 | (35,705) | (1,233,679) | (1,426,401) | 1,757,966 |
| Other Financing Sources (Uses): | |||||
| Proceeds from Sale of Capital Assets | 6,036 | 0 | 0 | 37,719 | 43,755 |
| Transfers In | 0 | 36,566 | 1,400,000 | 1,450,512 | 2,887,078 |
| Transfers (Out) | (2,887,078) | 0 | 0 | 0 | (2,887,078) |
| Total Other Financing Sources (Uses) | (2,881,042) | 36,566 | 1,400,000 | 1,488,231 | 43,755 |
| Net Change in Fund Balance | 1,572,709 | 861 | 166,321 | 61,830 | 1,801,721 |
| Fund Balance‐Beginning of Year, As Previously Reported | 14,902,088 | 193,543 | 0 | 5,151,588 | 20,247,219 |
| Change within Financial Reporting Entity (Nonmajor to Major Fund) | 0 | 0 | 1,305,474 | (1,305,474) | 0 |
| Fund Balance‐Beginning of Year, As Adjusted | 14,902,088 | 193,543 | 1,305,474 | 3,846,114 | 20,247,219 |
| Fund Balance ‐ End of Year | $16,474,797 | $194,404 | $1,471,795 | $3,907,944 | $22,048,940 |
See accompanying notes to the basic financial statements.
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