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Waite Hill finance report: first-half revenue up but long-term fund trajectory shows decline
Summary
The Finance Committee reported first‑half 2025 revenue of $782,624 and total fund balances of $8,802,056; the committee's forecast shows an average projected decline in total funds over 10 years, signaling pressure on the General Fund.
The Waite Hill Finance Committee presented an appended report showing first-half 2025 revenue of $782,624, comprised of $697,058 in collections and $85,566 in reimbursements. The committee's Schedule A projects full‑year collections of $1,377,497; the report noted the first half represents 56.8% of that projection and year‑over‑year first-half revenue is up by $155,080 compared with the prior year.
Monthly detail in the report showed Local Government Fund revenue for March of $12,782 (versus $13,151 in March 2024) and interest income of $10,528 (versus $14,392 in March 2024). The report recorded total revenue for the month as $622,877 and total expense as $202,642; total fund balances were reported at $8,802,056.
The Finance Committee included a funds forecast showing a projected decline in total funds of $1,752,652 over a 10‑year horizon (an average decline of approximately $175,265 per year, about 2.18% annually). The report flagged the General Fund trajectory as trending downward and included Star Ohio annualized yield and funds‑forecast commentary.
Karl Scheucher, identified in the appended report as Finance Committee Chairperson, signed the report submitted with the minutes. The minutes and report supply figures and the committee’s graphic forecast but do not record follow‑up policy votes; council noted the report as appended to the minutes.
