Monthly Financials – March 2026

At March's close, YTD income tax receipts are at $2.9M or 25% of budget; the City is off to a good start in its largest revenue category, trending 126K behind last year's income tax revenue at this same time. Total general fund revenues are 3.25 million, or 20% of the budgeted amount. This figure is slightly low to date due to the timing difference of property tax revenue; the first half property tax settlement will be received in April.

Year-to-date investment income is approx. $276K as compared to 192K 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 roughly $4.8M or about 27% of the annual budget. Salaries and benefits account for 57% of general fund expenditures, while transfers make up about 46%. Current general fund encumbrances are $1.5M, bringing expenditures plus encumbrances to 35% of the 2026 budget.

Refuse receipts are at 613K or 31%. During January, 220K was a transferred to Refuse Operating from the General Fund, in order to maintain the desired fund balance. Backing out transfers, revenue is at 25%. The largest portion of refuse revenue comes from disposal fees charged to City residents; dumpster fees are on the rise and mulch sales will start in April. The City has spent $551K on refuse, which includes a 100K transfer to the refuse capital expenditure fund. Encumbrances sit at 283K; expenditures plus encumbrances sit at 38% of budget. Health Insurance and Landfill and Tipping fees make up 74% of all refuse encumbrances. The Montgomery County Solid Waste Management District has informed the City that generation fees will increase from $3.00 per ton to $3.65 per ton in 2026, followed by an annual increase of 6% thereafter. This increase in operating costs is being evaluated and built into our revenue/cost model to ensure operational and capital needs are sustainable in future years; a $5 monthly increase recommendation in 2027 is likely.

Water has collected $556K, or nearly 24% of the year’s projected total revenue. The 2026 water rate increase is reflected in these revenue figures; consistent monthly revenue amounts are expected going forward. With expenses sitting at 288K or 13% of budget and $479K encumbered, YTD expenditures plus encumbrances are at 35% of plan. The largest encumbered budget lines are Consultants, Utilities, and Chemicals/Softening Supplies, which make up 67% of total encumbrances.

Sewer revenue has brought in 600K in revenues or 24% of the budgeted total. As with water, the 2026 increase in consumption rates are now reflected in the revenue line and will level out. Sewer expenses sit at 16% or 501K, out of $3.1M budgeted. Encumbrances for the City of Dayton and Montgomery County make up 61% of the 182K total encumbered. Total expenses plus encumbrances are 22% of the 2026 expenditure budget. Montgomery County has already 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.