CITY OF OAKWOOD, OHIO

MONTGOMERY COUNTY

FOR THE YEAR ENDED DECEMBER 31, 2024

Independent Auditor’s Report 1 - 3

Management’s Discussion and Analysis 4 - 12

Basic Financial Statements:

Statement of Net Position – 13

Statement of Activities – 14

Fund Financial Statements:

Balance Sheet – Governmental Funds – 15

Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position – 16

Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds – 17

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities – 18

Statement of Net Position – Proprietary Funds – 19

Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds – 20

Statement of Cash Flows – Proprietary Funds – 21

Statement of Fiduciary Net Position and Statement of Changes in Fiduciary Net Position – 22 - 23

Notes to the Basic Financial Statements 24 - 61

Required Supplementary Information:

Schedule of The City’s Proportionate Share of the Net Pension Liability – 63 - 64

Schedule of The City’s Contributions for Net Pension Liability – 65 - 66

Schedule of The City’s Proportionate Share of the Net Postemployment Benefits Other Than Pension (OPEB) Liability – 67 - 68

Schedule of The City’s Contributions to Postemployment Benefits Other Than Pension (OPEB)– 69 - 70

Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Budgetary (Non-GAAP) Basis – General Fund – 71

Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Budgetary (Non-GAAP) Basis – Health Fund – 72

Notes to the Required Supplementary Information 73 - 78

Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Required by Government Auditing Standards 79 - 80