At September's close, income tax receipts are 80% of budgeted revenue, with nearly $9.3M collected YTD. Prior year collections were approx. $9.3M, or at 86% of budget, reflecting that 2024 budgeted revenues were $750k less than 2025 or 10.8 million vs. 11.55 million. Income tax revenues continue to come in as filings and employer withholdings, with a “mini” filing season to continue through October. Property tax collections sit at slightly over $3M or 106% of budgeted revenue, now that the final property tax settlement has been received. Property tax revenue is budgeted at 95% of assessed value, however historically, the City brings in more than the 95%. Total general fund revenues exceed $13.2 million, or 85% of General fund budgeted revenues.

Year-to-date interest income remains strong; at the close of September, YTD interest income was $756,771 as compared to $535,938 this time last year. This increase is primarily due to shifting compensating balances from the City’s general checking account to STAR Ohio.

General fund expenses are $10.7M or about 68% of the annual budget. Salaries and benefits make up 6.5M or 60.6% of general fund expenditures through September 2025. Current general fund encumbrances of approx.. $831K, bring expenditures plus encumbrances to roughly 74% 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 77% of budgeted revenue with over 1.2M received YTD. The largest portion of refuse revenue comes from disposal fees charged to City residents. The City has spent $1.05M on refuse, sitting at 65% of the total budget. With $108K encumbered, expenditures plus encumbrances sit at 72% of budget. The three largest encumbrances, health insurance, tipping, and landfill fees account for 84% of all refuse encumbrances.

Water has collected $1.6M, or 75% of the year’s projected total revenue, with expenses sitting at 1.1M or 50% of budget. This lower-than-expected budget-to-actual expense is largely attributed to two vacant positions funded by water department funds. An additional $329K is encumbered, bringing expenditures plus encumbrances to 66% of plan. Two of the largest encumbered budget lines are Chemicals/Softening Supplies and Consultants, i.e. the Water Well and Treatment Plant Capacity assessment, which make up 46% of total encumbrances.

Sewer revenue has generated $1.75M in revenues or 73.4% of the budgeted total. Sewer has approx. 1.5M in expenditures out of $3.3M budgeted. Encumbrances for the City of Dayton and Montgomery County were liquidated, leaving $39K of operational funds encumbered. This 39K balance is primarily comprised of health insurance and service contracts. Once 4th quarter billing is estimated, a purchase order will be created to encumber 2025 funds to carry into 2026.