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Sunbury finance staff report stronger interest income, higher salt costs and delayed 2024 invoices
Summary
Finance staff reviewed year‑to‑date revenue and expense reports: interest income is tracking above budget, some state grant awards were not received, salt and other winter-related costs were notable, and several 2024 invoices were paid in 2025 affecting variances.
Sunbury City Finance staff presented the city’s year‑to‑date revenue and expense report at the March 2025 Finance Committee meeting and outlined several items affecting the near‑term budget outlook.
Finance staff reported interest income of about $130,000 year to date against a $400,000 budgeted amount and said the city is likely to exceed that budgeted total. Staff listed expected state grants included in capital projects: $500,000 from the Ohio Department of Natural Resources for JR Smith Park and $520,000 for a hazard‑mitigation project on Walnut Street; staff also noted the city did not receive a $300,000 OPWC grant…
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