Finance staff: Dayton general fund revenues ahead of budget through January

At its February 2025 session, Dayton City Council heard a monthly finance report covering operations through January 2025. Finance staff reported that general fund revenues were $4,758,001.85, or 42% of the annual budget, and that total expenditures were $3,368,004.76, or 30% of budget, leaving revenues $1,389,007.10 higher than expenditures.

“This report represents a general overview of the financial operations through January 2025, which is the fourth month of the fiscal year 2425,” the finance staff member said.

The report said the general fund revenue increase reflected property-tax and sales-tax collections and that staff will continue to monitor revenues and expenditures throughout the fiscal year. The water and sewer fund showed total revenues of $2,480,008.15 (34% of budget) and—according to the report—was under expenses by $572,008.32, a variance the presenter attributed to the timing of debt-service payments. The presenter said debt payments are typically due in February and August but are paid a few weeks earlier, which can create temporary variances.

For the solid waste fund, staff reported total revenues of $275,004.15 (33% of budget) and total expenses of $189,007.63 (27% of budget), leaving revenues over expenses by $85,006.52 for the month. The report listed fiber-fund revenues as $106,001.22 (20% of budget) and said revenues were behind budget at this point in the fiscal year; the transcript did not clearly specify the fiber-fund expense total in an unambiguous numeric format.

No formal action was taken on the finance report during the meeting; staff said they would keep monitoring collections and expenditures and return with updates as the fiscal year progresses.