General City Services receipts were 106.83% for the year and disbursements were 93.93% of budget. The year finished in a strong financial position with receipts exceeding disbursements by about $1.3 million. This is attributed to several things: income generated by the additional people living at Pointe Oakwood; an increase in Oakwood residents working from home, thereby directing their local income taxes to Oakwood rather than other jurisdictions; and total earned income of Oakwood residents remains strong.

Refuse Fund receipts were 100.57% for the year and disbursements were 95.01% of budget. The budget included capital expenditures for the purchase of a new front-end loader and two new refuse scooters.

Enterprise Funds receipts were 98.86% for the year and disbursements were 96.04% of budget. The Enterprise Funds include Water, Sanitary Sewer and Stormwater. The budget included planned capital expenditures.

General City Services receipts through April are at 41.83% of budget, while disbursements and encumbrances are at 40.64% of budget. The first of two property tax and property tax assessments are received in April and May. Blanket purchase orders are submitted for many purchases at the beginning of the year to cover expenses for the entire year.

Refuse Fund receipts through April are at 33.89% of budget and disbursements and encumbrances are at 49.09% of budget.

Water Fund receipts through April are at 31.25% of budget and disbursements and encumbrances are at 42.45% of budget. This includes $500,000 of capital expenditures. We strive to have the Water Fund start the year at a minimum of $1 million to maintain the fund. 2023 started with $1.3 million. If everything goes as planned, the fund will end the year below $1 million, which is why a water rate increase may be considered for 2024.

Sanitary Sewer Fund receipts through April are at 32.14% of budget and disbursements and encumbrances are at 36.41% of budget. Like the Water Fund, we strive to have the Sanitary Sewer Fund start with a $1 million minimum to maintain the fund. If the year goes as planned, the fund will be below $1 million at the end of 2023. Most of the Sanitary Sewer Fund expenses relate to wastewater treatment, the cost of which is about 63% of our budget. Montgomery County and Dayton’s wastewater treatment rates increased by about 29%. These increases have been factored into the 2023 budget. A sanitary sewer rate increase may be considered to cover the Montgomery County and Dayton increases. There are also planned capital expenditures over the next few years.

Stormwater Fund receipts through April are at 12.41% of budget and disbursements and encumbrances are at 25.99% of budget. This includes $985,000 for the Far Hills Storm Sewer Reconstruction Project. This project was dependent on a grant that was not received which is why a supplementation appropriation was passed by Council to allow for the transfer of these dollars from the General Fund. The total project is budgeted at $2.2 million, with the other $940,000 coming from American Rescue Plan Act monies that were received in 2021 and 2022.