HomeMy WebLinkAboutOrdinance 12-24RECORD OF ORDINANCES
Dayton Legal Blank, Inc. Form No. 30043
Ordinance No. 12-24 Passed __,20
ADOPTING THE PROPOSED TAX BUDGET FOR FISCAL
YEAR 2025
WHEREAS, Section 5705.28 of the Ohio Revised Code requires that City
Council adopt a tax budget for the following year on or before July 15; and
WHEREAS, Section 5705.30 of the Ohio Revised Code requires the tax
budget to be filed with the County Auditor(s), as secretary to the budget
commission(s), on or before July 20; and
WHEREAS, the filing of the tax budget with the County Auditor(s) entitles
the City to participate in “Local Government Funds” which are monies
collected by the State of Ohio and shared with its various political
Subdivisions via the County(s).
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of
Dublin, State of Ohio, _ | »_ of the elected members concurring that:
Section 1. The proposed 2025 tax budget hereto attached as an Exhibit,
be and hereby is approved.
Section 2. This ordinance shall take effect on the earliest date permitted
under applicable law.
J
Passed this 5 day of 2024
a a ae
Mayor — Presiding Officer
ATTEST:
7 Courfil ‘ /)
To: Members of Dublin City Council
From: Megan O’Callaghan, City Manager
Date: May 14, 2024
Initiated By: Matthew L. Stiffler, Chief Financial Officer/Director of Finance
Jaime Hoffman, Director of Financial Operations
Meghan Murray, Budget Manager
Re: Ordinance 12-24 – Adopting the Proposed Tax Budget for Fiscal
Year 2025
Summary
In compliance with the Ohio Revised Code (ORC) Section 5705.28, submitted for your approval is
the proposed tax budget for the 2025 fiscal year (calendar basis).
The Ohio Revised Code mandates adoption of the tax budget by a political subdivision (taxing
authority) no later than July 15th of each year for the next succeeding calendar year. The approved
tax budget must be effective prior to filing with the office of the County Auditor, and must be filed
with the County Auditor (5705.30 ORC) no later than July 20th. The budgetary laws governing
political subdivisions in the State of Ohio can be found in Section 5705 of the Ohio Revised Code.
The tax budget has historically been part of the initial stages of the City’s annual budgeting process
and has previously represented the City’s first estimate of its anticipated financial condition,
resources and expenditure needs for the coming year. The primary purpose of the Tax Budget is to
set property tax rates, and allocate local government fund dollars.
The Tax Budget covers the financial completion (actuals) for calendar years 2022 and 2023, a
budget forecast for calendar year 2024, and the projection for calendar year 2025. This 2025
projection is usually based on the estimated revenue and expenditure figures previously used to
calculate the 2024 Operating Budget and 2024-2028 Capital Improvements Program (CIP). As you
know, the City’s updated revenue estimate for 2024, and revenue projection for 2025 will not be
available until July/August – after the mandated filing deadline for this document.
In no way does adoption of the tax budget grant any legal spending authority of public funds, or
commit to any capital improvement projects for the 2025 fiscal year. This is not an appropriation
measure.
Once the Tax Budget is adopted, it will be filed with the Delaware and Franklin County Auditors, as
they are the secretaries for their respective Budget Commissions. Union County does not require the
Tax Budget to be submitted to their County Budget Commission. The City’s eligibility to receive the
State’s shared revenue, “local government funds” from Delaware and Franklin Counties is
contingent upon the timely filing of a Tax Budget. The Franklin County Budget Commission also
reviews any property tax levy assessments outside the ten-mill limitation to verify the appropriate
millage for those obligations.
The Tax Budget includes the following columns as marked in the document on Exhibits I through II:
Office of the City Manager
5555 Perimeter Drive • Dublin, OH 43017-1090
Phone: 614-410-4400 • Fax: 614-410-4490 Memo
Ordinance 12-24 – Adopting the Proposed Tax Budget for Fiscal Year 2025
May 14, 2024
2
(1) Description of the revenue or expenditure type.
(2) Actual revenue and expenditure figures for calendar year 2022.
(3) Actual revenue and expenditure figures for calendar year 2023.
(4) This column represents the current year’s information. It includes 2024 revised budgeted
revenue and expenditures which are based on appropriations approved by City Council (including
carry-over 2023 encumbrances), plus Q1 supplemental appropriations and increases/decreases in
estimated resources actually budgeted through April 2024, and/or information received from the
Franklin County Auditor updating real estate tax collection estimates.
(5) This column represents the upcoming year 2025. It includes projected budget figures for the
2023 calendar year based on the revenue and expenditure assumptions listed below.
Revenue Assumptions:
• Income tax projections for 2025 remained consistent with 2024. More analysis of income tax
trends will be done prior to preparation of the 2025 Annual Operating Budget in late
summer/early fall. At that time, more information may be known regarding the income tax
impacts of work-from-home.
• Revenue (in most cases) remained horizontal in the City’s 2025 Tax Budget projection,
although we are seeing a gradual increase in revenues for 2024 in some Departments. Due
to the continuing financial influence of the current economic climate, historical-based
increases used to complete the next year projections were not necessarily reliable, and the
Finance Team has erred on the side of caution.
Expenditure Assumptions:
• For personal services a 2% merit increase was projected on the 2024 budget, which is
consistent with prior years and union contracts for 2025.
• Each expenditure line item for 2025 was analyzed separately, and non-recurring
expenditures from 2023 actual data were not programmed into the 2025 projections.
• As of March 2024, the inflationary rate is 3.1%. However, for purposes of this Tax Budget, a
2.5% inflationary rate (in most cases) was applied across various spending categories based
on 2023 actual expenditures, or 2024 budgeted expenditures as appropriate. This was done
not only to provide fiscal prudence, but because the compliance requirements for filing the
Tax Budget are so early in the year that it is difficult to determine the financial drivers for
2025 at this time. More in-depth review and data analysis will be completed prior to the
preparation of the 2025-2029 CIP and the Annual Operating Budget to provide financial
insights into economic conditions and risks projected for next year. Additionally, it will allow
the City’s Administration and City Council to leverage the use of more timely figures in
making data-driven financial decisions for 2025.
Exhibit III is used for all funds that do not derive any revenue from the general property taxes (all
funds not included on Exhibits I and II, construction funds and TIF Funds).
Exhibit IV includes supplemental information for the Capital Improvements Program as well as the
City’s debt schedule. The Capital Improvements projection is reflected in the City’s approved 2024-
2028 Capital Improvements Program (excluding any expenses to be paid from bond issue), and the
debt schedule is based on the projection for calendar year 2024.
Property Tax Distribution
The Safety Fund, the Parkland Acquisition Fund, and the Capital Improvements Tax Fund receive
property tax revenues. The allocation of the City’s inside millage (also known as “unvoted” millage),
Ordinance 12-24 – Adopting the Proposed Tax Budget for Fiscal Year 2025
May 14, 2024
3
a total of 1.75 mills, can be adjusted on an annual basis. As part of the 2024 – 2028 CIP review,
City Council approved the same allocation where 80% (1.4 mills) of the property tax revenue from
the City’s “inside millage” is allocated to the Capital Improvements Tax Fund, with the remaining
20% (.35 mills) is allocated to the Parkland Acquisition Fund. Following is a history of approved
allocations.
The City has the option to reallocate the tax revenue from the inside millage each year as part of
the tax budget process, and then again later in the year when the Resolution Accepting the
Amounts and Rates is approved by City Council. It is important to note that despite the fact that
20% of the property tax revenue received from the inside millage is allocated to the Parkland
Acquisition Fund, the amount allocated within the Capital Improvement Tax Fund may also be used
for parkland acquisition and other park-related capital improvements, as well as to acquire rights-of-
way for shared-use path projects.
Another source of revenue for the Parkland Acquisition Fund includes a $50,000 contribution from
Washington Township (annually from 2015 through 2024) in exchange for the City assuming
ownership and maintenance for Kaltenbach Park. Expenditures in the Parkland Acquisition Fund
consist of County Auditor’s deductions for real estate services, and the annual $750,000 allocation
for capital expenditures. As of December 31, 2023, the fund balance in the Parkland Acquisition
Fund was $4,860,754.
Income Tax
The City’s largest revenue source for general operations is obtained through income taxes. In the
2024 Operating Budget, it was estimated that revenue from local income tax would be
approximately $106,000,000. Per City Code, 75% or $79,500,000 is programmed in the General
Fund, and 25% or $26,500,000 is programmed in the Capital Improvements Tax Fund. As stated
previously in this memo, as of the current date, income taxes for 2025 are being projected
conservatively at a stable, flat rate. This estimate, as well as the 2024 income tax estimate will be
updated in late summer of this year.
General Fund Balance
When looking at the projected General Fund balance, it is important to remember that these figures
are based on estimates that spend all funds appropriated in 2024 and 2025. In recent years, at least
10% of appropriations across all the funds are unspent or encumbered.
Recommendation
Staff recommend passage of the ordinance at the second reading/public hearing on June 3, 2024.
Attachment: 2025 Tax Budget
Years
General
Fund
Safety
Fund
GO Debt
Service
Fund
Parkland
Acquisition
Fund
Capital
Improvements
Fund
Prior to 2000 1.17 0.50 0.08
2001-2006 1.75
2007-2009 0.95 0.80
2010-2024 0.35 1.40
SCHEDULE A
SUMMARY OF AMOUNTS REQUIRED FROM GENERAL PROPERTY TAX APPROVED BY BUDGET COMMISSION,
AND COUNTY AUDITOR'S ESTIMATED RATES
For Municipal Use For Budget Commission Use For County Auditor Use
Budget Year Budget Year County Auditor's estimate
Amount Amount Approved Budget Year Tax Rate to be Levied
FUND Requested of by Budget Amount to be
(Include only those funds Budget Commission Derived From Inside 10 Mill Outside 10 Mill
which are requesting Commission Inside/Inside 10 Mill Levies Outside Limited Budget Limit Budget
general property tax revenue) Outside Limitation 10 Mill Limitation Year Year
Column 1 Column 2 Column 3 Column 4 Column 5
GOVERNMENT FUNDS XXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
GENERAL FUND 0 0 0
POLICE/SAFETY OPERATING FUND 535,000 0 535,000
PARKLAND ACQUISITION 843,650 843,650 0
CAPITAL IMPROVEMENTS TAX FUND 3,400,000 3,400,000 0
PROPRIETARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXX
FIDUCIARY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
TOTAL ALL FUNDS 4,778,650 4,243,650 535,000
SCHEDULE B
LEVIES OUTSIDE 10 MILL LIMITATION, EXCLUSIVE OF DEBT LEVIES
Tax Year
County Auditor's
FUND Maximum Rate Estimate of
Authorized to be Yield of Levy
Levied (Carry to Schedule A,
Column 3)
GENERAL FUND:
Current Expense Levy authorized by voters on / / ,
not exceed years. Authorized under Sect. , R.C.
TOTAL GENERAL FUND OUTSIDE 10 MILL LIMITATION
SPECIAL LEVY FUNDS
POLICE/SAFETY FUND, Levy authorized by voters on 11/1981 1.2 535,000
not to exceed ON-GOING years. Authorized under Section , R.C.
FUND, Levy authorized by voters on / /
FUND NAME: GENERAL FUND EXHIBIT I
FUND TYPE/CLASSIFICATION: GOVERNMENTAL -- GENERAL
This Exhibit is to be used for the General Fund Only
Current Year Budget Year
For 2022 For 2023 Estimated for Estimated for
DESCRIPTION Actual Actual 2024 2025
(1) (3) (3) (4) (5)
REVENUES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Local Taxes
General Property Tax -- Real Estate 0 0 0 0
Tangible Personal Property Tax 0 0 0 0
Municipal Income Tax 78,602,233 80,718,323 79,500,000 79,500,000
Other Local Taxes 0 0 0 0
Total Local Taxes 78,602,233 80,718,323 79,500,000 79,500,000
Intergovernmental Revenues
State Shared Taxes and Permits
Local Government 645,635 674,239 620,325 645,000
Estate Tax 0 0 0 0
Cigarette Tax 410 613 700 700
Liquor and Beer Permits 103,024 94,728 50,000 60,000
Gasoline Tax 0 0 0 0
Library and Local Government Support Fund 0 0 0 0
Property Tax Allocation 0 0 0 0
Other Permits 0 0 5,000 5,000
Total State Shared Taxes and Permits 749,068 769,580 676,025 710,700
Federal Grants or Aid 0 0 0 0
State Grants or Aid 0 0 0 0
Other Grants or Aid 17,046 17,678 15,000 15,000
Total Intergovernmental Revenues 766,115 787,258 691,025 725,700
Special Assessments 0 0 0 0
Charges for Services 1,277,804 1,694,819 1,242,000 1,242,000
Fines, Licenses, and Permits 3,384,650 3,293,852 3,269,500 3,269,500
Miscellaneous 2,586,066 3,354,074 1,640,350 1,640,350
Other Financing Sources:
Proceeds from Sale of Debt 0 0 0 0
Transfers 0 0 0 0
Advances 6,068,800 400,000 290,000 290,000
Other Sources (Sale of Capital Assets) 0 0 0 0
TOTAL REVENUE 92,685,667 90,248,326 86,632,875 86,667,550
FUND NAME: GENERAL FUND EXHIBIT I
FUND TYPE/CLASSIFICATION: GOVERNMENTAL -- GENERAL
This Exhibit is to be used for the General Fund Only
Current Year Budget Year
DESCRIPTION For 2022 For 2023 Estimated for Estimated for
(1)Actual Actual 2024 2025
(3) (3) (4) (5)
EXPENDITURES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Security of Persons and Property
Personal Services 0 0 0 0
Travel Transportation 0 0 0 0
Contractual Services 144,264 212,230 269,945 269,950
Supplies and Materials 126,396 148,935 172,609 172,610
Capital Outlay 0 0 0 0
Total Security of Persons and Property 270,660 361,164 442,554 442,560
Public Health Services
Personal Services 0 0 0 0
Travel Transportation 0 0 0 0
Contractual Services 508,835 510,074 657,485 690,360
Capital Outlay 0 0 0 0
Total Public Health Services 508,835 510,074 657,485 690,360
Leisure Time Activities
Personal Services 5,379,588 5,945,350 5,974,778 6,094,280
Travel Transportation 0 0 0 0
Contractual Services 2,477,272 2,808,054 4,075,087 4,075,090
Supplies and Materials 432,117 507,302 630,880 630,880
Capital Outlay 14,825 19,674 20,500 20,500
Total Leisure Time Activities 8,303,801 9,280,379 10,701,246 10,820,750
Community Environment
Personal Services 5,988,325 6,078,219 6,498,895 6,628,880
Travel Transportation 0 0 0 0
Contractual Services 1,087,549 1,609,592 4,408,503 4,408,500
Supplies and Materials 25,271 22,407 41,454 33,000
Capital Outlay 0 0 0 0
Total Community Environment 7,101,145 7,710,219 10,948,852 11,070,381
Basic Utility Services
Personal Services 819,414 783,962 765,261 784,400
Travel Transportation 0 0 0 0
Contractual Services 3,890,683 4,341,769 5,083,649 5,083,650
Supplies and Materials 21,662 11,325 49,898 49,900
Capital Outlay 438 0 0 0
Total Basic Utility Services 4,732,197 5,137,055 5,898,808 5,917,949
FUND NAME: GENERAL FUND EXHIBIT I
FUND TYPE/CLASSIFICATION: GOVERNMENTAL -- GENERAL
This Exhibit is to be used for the General Fund Only
Current Year Budget Year
DESCRIPTION For 2022 For 2023 Estimated for Estimated for
(1)Actual Actual 2024 2025
(3) (3) (4) (5)
Transportation
Personal Services 1,364,901 1,414,635 1,504,402 1,534,490
Travel Transportation 0 0 0 0
Contractual Services 645,793 1,088,076 2,363,613 2,363,620
Supplies and Materials 115,662 199,213 191,090 195,870
Capital Outlay 0 0 0 0
Total Transportation 2,126,355 2,701,925 4,059,105 4,093,979
General Government
Personal Services 13,443,665 12,801,019 16,165,462 14,940,500
Travel Transportation 0 0 0 0
Contractual Services 8,737,081 9,007,642 10,968,399 8,200,000
Supplies and Materials 3,820,435 3,915,102 6,520,826 6,520,830
Capital Outlay 8,804,179 1,703,620 1,444,430 1,444,430
Total General Government 34,805,360 27,427,383 35,099,117 31,105,760
Debt Service
Interest 0 0 0 0
Other Debt Service 0 0 0 0
Total Debt Service 0 0 0 0
Other Uses of Funds
Transfers 16,160,000 25,750,000 23,370,000 23,370,000
Advances 1,536,965 2,406,665 9,136,965 9,136,970
Contingencies 180,529 352,805 334,636 150,000
Other Uses of Funds(Refunds/Incentives/Grants)10,603,794 5,512,152 5,558,750 6,000,000
Total Other Uses of Funds 28,481,287 34,021,621 38,400,351 38,656,970
TOTAL EXPENDITURES 86,329,641 87,149,821 106,207,516 102,798,709
Revenues over/(under) Expenditures 6,356,026 3,098,505 (19,574,641) (16,131,159)
Beginning Cash Fund Balance 57,485,989 63,842,015 66,940,521 47,365,879
Ending Cash Fund Balance 63,842,015 66,940,521 47,365,879 31,234,720
Estimated Encumbrances (4,122,792) (7,187,197) 0 0
Estimated Ending Unencumbered Fund Balance 59,719,224 59,753,324 47,365,879 31,234,720
65,413,002 64,150,929 77,558,572
FUND NAME: SAFETY/POLICE OPERATING EXHIBIT II
FUND TYPE/CLASSIFICATION: SPECIAL REVENUE To be used for any fund receiving property tax revenue except the
General Fund.
Current Year Budget Year
DESCRIPTION For 2022 For 2023 Estimated for Estimated for
(1)Actual Actual 2024 2025
(3) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes - Real Estate 509,057 512,815 535,000 535,000
Intergovernmental Revenue 109,513 67,959 60,500 60,500
Charges for Services 3,998,328 4,287,850 4,590,876 4,590,876
Miscellaneous 37,428 33,388 24,500 24,500
Other Financing Sources:
Transfers 8,250,000 14,000,000 16,500,000 14,000,000
Other Sources 0 0 0 0
TOTAL REVENUE 12,904,325 18,902,012 21,710,876 19,210,876
EXPENDITURES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(Identify each program and object XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
code at the same level shown on XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(PROGRAM) (OBJECT)
Security of Persons and Property
Personal Services 12,438,468 18,292,270 17,892,715 18,250,570
Travel/Transportation 0 0 0 0
Contractual Services 243,043 291,617 652,259 668,570
Supplies and Materials 233,169 257,204 405,744 415,890
Capital Outlay 2,976 20,710 24,713 25,340
Other Uses(Refunds and other misc) 3,958 3,958 6,650 6,650
TOTAL EXPENDITURES 12,921,614 18,865,759 18,982,082 19,367,021
Revenues Over (Under) Expenditures (17,289)36,254 2,728,794 (156,145)
Beginning Cash Fund Balance 2,414,491 2,397,202 2,433,456 5,162,250
Ending Cash Fund Balance 2,397,202 2,433,456 5,162,250 5,006,105
Estimated Encumbrances (outstanding at end of year)(174,125) (149,159) 0 0
Estimated Ending Unencumbered Fund Balance 2,223,077 2,284,297 5,162,250 5,006,105
FUND NAME: CAPITAL IMPROVEMENTS TAX FUND EXHIBIT II
FUND TYPE/CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the
General Fund.
Current Year Budget Year
DESCRIPTION For 2022 For 2023 Estimated for Estimated for
(1)Actual Actual 2024 2025
(3) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes*
Property Tax -- Real Estate/Personal Property 3,299,006 3,337,604 3,400,000 3,400,000
Municipal Income Tax (Note 1) 26,200,746 26,906,109 26,500,000 26,500,000
Intergovernmental Revenue 8,493,151 1,372,667 351,615 351,615
Fines, Licenses, and Permits 1,534,702 0 0 0
Miscellaneous 692,258 3,334,254 800,000 800,000
Other Financing Sources:
Transfers 3,980,000 7,100,000 7,820,000 7,820,000
Other Sources-Advances 1,658,000 1,098,000 2,198,000 1,863,000
Proceeds from Bonds 0 0 0 0
TOTAL REVENUE 45,857,863 43,148,633 41,069,615 40,734,615
EXPENDITURES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(Identify each program and object XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
code at the same level shown on XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(PROGRAM) (OBJECT)
Contractual Services 61,703 44,894 65,000 66,630
Capital Outlay 28,559,033 33,216,263 63,337,641 29,207,380
Transfers 6,495,552 7,107,057 7,760,141 7,760,141
Advances 5,500,000 1,000,000 750,000 2,000,000
TOTAL EXPENDITURES 40,616,289 41,368,214 71,912,782 39,034,151
Revenues Over (Under) Expenditures 5,241,574 1,780,419 (30,843,167)1,700,464
Beginning Cash Fund Balance 39,952,450 45,194,024 46,974,444 16,131,277
Ending Cash Fund Balance 45,194,024 46,974,444 16,131,277 17,831,741
Estimated Encumbrances (outstanding at end of year)(18,810,746) (24,252,641) 0 0
Estimated Ending Unencumbered Fund Balance 26,383,278 22,721,803 16,131,277 17,831,741
Note 1: A portion of this revenue is designated to retire debt for capital improvements.
FUND NAME: PARKLAND ACQUISITION EXHIBIT II
FUND TYPE/CLASSIFICATION: CAPITAL PROJECTS To be used for any fund receiving property tax revenue except the
General Fund.
Current Year Budget Year
DESCRIPTION For 2022 For 2023 Estimated for Estimated for
(1)Actual Actual 2024 2025
(3) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes - Real Estate 824,752 834,398 843,650 843,650
Intergovernmental Revenue 142,105 193,314 160,000 160,000
Fines, Licenses, and Permits 0 0 0 0
Miscellaneous 0 0 0 0
Other Financing Sources:
Transfers 0 0 0 0
Other Sources-Advances 0 0 0 0
Proceeds from Bonds 0 0 0 0
TOTAL REVENUE 966,857 1,027,712 1,003,650 1,003,650
EXPENDITURES XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(Identify each program and object XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
code at the same level shown on XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
(PROGRAM) (OBJECT)
Contractual Services 15,257 12,040 18,500 18,970
Capital Outlay 0 0 800,000 820,000
Transfers 0 0 0 0
Advances 0 0 0 0
TOTAL EXPENDITURES 15,257 12,040 818,500 838,970
Revenues Over (Under) Expenditures 951,600 1,015,672 185,150 164,681
Beginning Cash Fund Balance 2,893,482 3,845,082 4,860,754 5,045,904
Ending Cash Fund Balance 3,845,082 4,860,754 5,045,904 5,210,584
Estimated Encumbrances (outstanding at end of year)(6,523) (6,523) 0 0
Estimated Ending Unencumbered Fund Balance 3,838,559 4,854,231 5,045,904 5,210,584
EXHIBIT III
List of All Funds Individually Unless Reported on Exhibits l and II (pg 1 of 2)
FUND Estimated Budget Year Total Available
List All Funds Individually Unless Unencumbered Estimated For Personal Other Total Estimated
Reported on Exhibit I or II Fund Balance Receipt Expenditures Services Unencumbered
01/01/24 Balance 12/31/24
GOVERNMENTAL: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
SPECIAL REVENUE: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Street Maintenance & Repair 818,916 3,170,000 3,988,916 2,039,380 1,343,650 3,383,030 605,886
State Highway Improvement 440,349 214,600 654,949 0 261,420 261,420 393,529
Cemetery 122,663 240,000 362,663 158,940 62,720 221,660 141,003
Recreation 1,784,865 8,334,200 10,119,065 5,880,550 3,257,430 9,137,980 981,085
Swimming Pool 105,959 1,259,400 1,365,359 835,130 520,400 1,355,530 9,829
Permissive Tax 39,740 108,000 147,740 0 120,000 120,000 27,740
Hotel/Motel Tax 1,711,899 5,460,500 7,172,399 955,510 5,408,770 6,364,280 808,119
Enforcement and Education 72,737 1,700 74,437 0 0 0 74,437
Law Enforcement Trust 96,072 1,500 97,572 0 40,000 40,000 57,572
Mandatory Drug Fine 2,918 40 2,958 0 0 0 2,958
Mayor's Court Computer 33,767 15,750 49,517 0 33,400 33,400 16,117
Accrued Leave Reserves 726,619 537,000 1,263,619 499,800 0 499,800 763,819
Wireless 9-1-1 System 671,484 125,000 796,484 0 194,140 194,140 602,344
Rings Unitrust 1,000,000 0 1,000,000 0 0 0 1,000,000
Covid Relief Fund 8,210 0 8,210 0 0 0 8,210
Local Coronavirus Recovery Fund 0 0 0 0 0 0 0
Opiod Relief Fund 0
TOTAL SPECIAL REVENUE FUNDS 7,636,198 19,467,690 27,103,888 10,369,310 11,241,931 21,611,241 5,492,648
DEBT SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
General Debt Service 2,216,971 11,520,438 13,737,409 0 13,500,000 13,500,000 237,409
Economic Development Bond Retirement 703,873 4,131,830 4,835,703 0 2,065,920 2,065,920 2,769,783
Special Assessment Debt Service 14,619 0 14,619 0 0 0 14,619
2001 Special Assessment Debt Service 134,413 0 134,413 0 500 500 133,913
TOTAL DEBT SERVICE FUNDS 3,069,876 15,652,268 18,722,144 0 15,566,420 15,566,420 3,155,724
CAPITAL PROJECT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Note: Various construction funds not included.
TOTAL CAPITAL PROJECTS 0 0 0 0 0 0 0
PERMANENT IMPROVEMENT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Cemetery Perpetual Care 1,683,474 25,000 1,708,474 0 0 0 1,708,474
TOTAL PERMANENT IMPROVEMENTS FUNDS 1,683,474 25,000 1,708,474 0 0 0 1,708,474
Budget Year Expenditures and Encumbrances
EXHIBIT III
List of All Funds Individually Unless Reported on Exhibits l and II (pg 2 of 2)
FUND Estimated Budget Year Total Available Budget Year Expenditures and Encumbrances
List All Funds Individually Unless Unencumbered Estimated For Personal Other Total Estimated
Reported on Exhibit I or II Fund Balance Receipt Expenditures Services Unencumbered
01/01/24 Balance 12/31/24
PROPRIETARY: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
ENTERPRISE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Water 11,583,790 1,501,610 13,085,400 299,900 1,760,380 2,060,280 11,025,120
Sewer 4,529,974 3,313,692 7,843,666 811,450 3,734,600 4,546,050 3,297,616
Water Construction 6,470 935,000 941,470 0 860,000 860,000 81,470
Sewer Construction 346,830 2,775,000 3,121,830 0 2,675,000 2,675,000 446,830
TOTAL ENTERPRISE FUNDS 16,467,064 8,525,302 24,992,366 1,111,350 9,029,980 10,141,330 14,851,036
Note: Various construction funds not included.
INTERNAL SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX
Employee Benefits Self-Insurance 3,829,736 10,910,000 14,739,736 107,680 11,383,220 11,490,900 3,248,836
Workers Compensation Self-Insurance 182,634 304,000 486,634 0 473,280 473,280 13,354
TOTAL INTERNAL SERVICE FUNDS 4,012,370 11,214,000 15,226,370 107,680 11,856,500 11,964,180 3,262,190
TRUST AND AGENCY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Visit Dublin Ohio (aka DCVB) 82,304 900,000 982,304 0 900,000 900,000 82,304
Agency (Deposits) 3,715 71,500 75,215 0 30,000 30,000 45,215
COIRS 226,704 1,203,711 1,430,415 0 1,217,100 1,217,100 213,315
Econ Dev - PACE 626 743,980 744,606 0 743,980 743,980 626
TOTAL TRUST AND AGENCY FUNDS 313,349 2,919,191 3,232,540 0 2,891,080 2,891,080 341,460
TOTAL FOR MEMORANDUM ONLY 31,498,857 57,778,451 89,277,311 11,588,341 50,585,909 62,174,254 27,103,058
EXHIBIT IV
(pg 1 of 1)
Estimated Cost
DESCRIPTION of Permanent Name of Paying Fund
Improvement
CIP - Administration
Administration (land acquisition,
contingencies, sewer ext.)
Municipal Facilities 6,185,000 2,495,000 Capital Improvements Tax Fund
Computer Hardware/Software/Fiber 11,348,140 2,261,000 Capital Improvements Tax Fund
CIP - Parks & Recreation
Parks 24,540,000 5,665,000 Capital Improvements Tax Fund,
TIF Funds (as appropriate),
Hotel/Motel
CIP - Safety
Police 4,390,000 1,595,000 Capital Improvements Tax Fund
CIP - Stormwater System
Stormwater Improvements 6,485,000 585,000 Capital Improvements Tax Fund
CIP - Transportation
Mobility, Bicycles and Pedestrians 35,174,000 2,359,000 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
Bridges and Culverts 19,078,000 13,336,000 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
Streets and Parking 82,716,000 17,674,000 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
SUB-TOTAL 206,392,344 49,463,542
CIP - Sanitary Sewer System
Sewer Improvements 0 0 Sewer Fund
CIP - Water Distribution System
Water Improvements 340,000 0 Water Fund
SUB-TOTAL 340,000 0
TOTAL 206,732,344 49,463,542
Capital Improvements Tax Fund and
Water & Sewer, Hotel/Motel1,849,0008,176,000 Fleet Management
Total Project Cost 2024-2028 CIP
(May Include Other Funding
Sources including TIFs)
2025 Projects
8,300,204 1,644,542
Capital Improvements Tax Fund &
Parkland Acquisition Fund
STATEMENT OF PERMANENT IMPROVEMENTS
(Do Not Include Expense to be Paid from Bond Issue)
(Section 5705.29. Revised Code)
Amount to be
Budgeted During
Current Year