At April's close, income tax receipts are trending on target at $4.5M or 39% of budget revenues collected. Looking at the 5-year history of income tax revenue, 2025 was above target at roughly 46% collected vs budgeted for the same period in the prior three years and current year. This revenue bump was attributed to timing of lockbox deposits rather than a realized increase in 2025; the City is on track with its most important revenue category. Property tax revenues are $1.6M or about 51% of budgeted revenue. We would expect to be at the 50% mark, as the first half settlement came in during the month. Total general fund revenues are 6.5 million, or 41% of budget.
Year-to-date investment income is roughly 44% of budget or $357K as compared to $263K this time last year. This increase is partially attributed to shifting compensating balances from the City’s general checking account to STAR Ohio, resulting in higher year over year returns.
General fund expenditures are approx. $5.8M or about 32% of the annual budget. Salaries and benefits comprise 49% of general fund expenditures, while transfers make up about 42%. Current general fund encumbrances are $1.6M, bringing expenditures plus encumbrances to 41% of the 2026 budget.
Refuse receipts are at 774K or 39%. During January, 220K was transferred into the Refuse Operating Fund from the General Fund, in order to maintain the desired fund balance. Backing out transfers, revenue is at 35%. The largest portion of refuse revenue comes from disposal fees charged to City residents. The City has spent $648K on refuse, which includes a 100K transfer to the refuse capital expenditure fund. With encumbrances sitting at 250K, expenditures plus encumbrances are at 41% of budget. Health Insurance and Landfill and Tipping fees make up 71% of all refuse encumbrances. The Montgomery County Solid Waste Management District has informed the City that generation fees will increase 6% annually. This increase in operating costs is being built into our revenue/cost model in order to ensure operational and capital needs are sustainable in future years; a $5 monthly increase recommendation in 2027 is expected.
Water operations collected $794K, or nearly 34% of the year’s projected total revenue. With expenses sitting at 546K or 25% of budget and $447K encumbered, YTD expenditures plus encumbrances are at 45% of plan. The largest encumbered budget lines are Chemicals/Softening Supplies, Consultants, and Utilities, which make up 66% of total encumbrances.
Sewer operating revenue brought in 833K in revenues or 34% of the budgeted total. Sewer expenses sit at 32% or 1M, out of $3.3M budgeted. Encumbrances for Service Contracts and Health Insurance make up 63% of the 71K encumbered. Total expenses plus encumbrances are 34% of the 2026 expenditure budget. Montgomery County has informed the City that consumption rates will be increasing 45% in 2027. The City of Dayton historically announces their rate increases in the December/January timeframe.