HomeMy WebLinkAboutOrdinance 13-25RECORD OF ORDINANCES
BARRETT BROTHERS - DAYTON, OHIO Form 6220S
13-25
Ordinance No. Passed
ADOPTING THE PROPOSED TAX BUDGET FOR FISCAL YEAR
2026
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, _‘T of the elected members concurring that:
Section 1. The proposed 2026 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.
. |
Passed this 2” day of Gat 2025
NL BA
Mayor — Presiding Officer
ATTEST:
Clerk of Coynhcil ()
To: Members of Dublin City Council
From: Megan O’Callaghan, City Manager
Date: May 13, 2025
Initiated By: Jaime Hoffman, Interim CFO/Director of Finance
Meghan J. Murray, Budget Manager
Re: Ordinance 13-25 – Adopting the Proposed Tax Budget for Fiscal
Year 2026
Summary
The proposed tax budget for the 2026 fiscal year (calendar basis) is submitted for your approval in
compliance with Ohio Revised Code (ORC) Section 5705.28.
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 2023 and 2024, a
budget forecast for calendar year 2025, and the projection for calendar year 2026. This 2026
projection is based on the estimated revenue and expenditure figures previously used to calculate
the 2025 Operating Budget and 2025-2029 Capital Improvements Program (CIP). The City’s
updated revenue estimate for 2025 and revenue projection for 2026 will not be available until
July/August, after the mandated filing deadline for this document.
Adoption of the tax budget does not grant any legal spending authority of public funds or commit to
any capital improvement projects for the 2026 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 its 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:
(1) Description of the revenue or expenditure type.
(2) Actual revenue and expenditure figures for calendar year 2023.
Office of the City Manager
5555 Perimeter Drive • Dublin, OH 43017-1090
Phone: 614-410-4400 • Fax: 614-410-4490 Memo
Ord. 13-25 – Adopting the Proposed Tax Budget for Fiscal Year 2026
May 13, 2025
2
(3) Actual revenue and expenditure figures for calendar year 2024.
(4) This column represents the current year’s information. It includes the 2025 revised budgeted
revenue and expenditures, which are based on appropriations approved by City Council (including
carry-over 2024 encumbrances), plus Q1 supplemental appropriations and increases/decreases in
estimated resources budgeted through April 2025, and/or information received from the Franklin
County Auditor updating real estate tax collection estimates.
(5) This column represents the upcoming year 2026. It includes projected budget figures for the
2026 calendar year based on the revenue and expenditure assumptions listed below.
Revenue Assumptions:
• Income tax projections for 2026 remained consistent with 2025. More analysis of income tax
trends will be done prior to the preparation of the 2026 Annual Operating Budget in late
summer/early fall.
• Revenue (in most cases) remained horizontal in the City’s 2026 Tax Budget projection,
although we are seeing a gradual increase in revenues for 2025 in some Departments. Due
to the continuing financial influence of the current economic climate, historical-based
increases used to complete next year's projections were not necessarily reliable, and the
Finance Team has erred on the side of caution.
Expenditure Assumptions:
• For personal services, a 2% increase was conservatively projected on the 2025 budget,
which is consistent with prior years for 2026.
• As of March 2025, the inflationary rate is 2.4%. However, for purposes of this Tax Budget, a
2.5% inflationary rate (in most cases) was applied across various spending categories based
on 2024 actual expenditures, or 2025 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
2026 at this time. More in-depth review and data analysis will be completed prior to the
preparation of the 2026-2030 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 2026.
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 and the City’s
debt schedule. The Capital Improvements projection is reflected in the City’s approved 2025-2029
Capital Improvements Program (excluding any expenses to be paid from bond issue), and the debt
schedule is based on the projection for calendar year 2025.
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),
a total of 1.75 mills, can be adjusted on an annual basis. As part of the 2025 – 2029 CIP review,
City Council approved the allocation of 100% (1.75 mils) of the property tax revenue from the City’s
“inside millage” is allocated to the Capital Improvements Tax Fund through Resolution 50-24. The
following is a history of approved allocations.
Ord. 13-25 – Adopting the Proposed Tax Budget for Fiscal Year 2026
May 13, 2025
3
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.
Expenditures in the Parkland Acquisition Fund consist of County Auditor’s deductions for real estate
services, and allocations for capital expenditures. As of December 31, 2024, the fund balance in the
Parkland Acquisition Fund was $945,850.31.
Income Tax
The City’s largest revenue source for general operations is obtained through income taxes. In the
2025 Operating Budget, it was estimated that revenue from local income tax would be
approximately $112,000,000. Per City Code, 75% or $84,000,000 is programmed in the General
Fund, and 25% or $28,000,000 is programmed in the Capital Improvements Tax Fund. As stated
previously in this memo, as of the current date, income taxes for 2026 are being projected
conservatively at a stable, flat rate. This estimate, as well as the 2025 income tax estimate will be
updated later 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 2025 and 2026. In recent years, at least
10% of the appropriations across all the funds are unspent or encumbered.
Recommendation
Staff recommend passage of the ordinance at the second reading/public hearing on June 2, 2025.
Attachment: 2026 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
2025 1.75
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 00 0
POLICE/SAFETY OPERATING FUND 535,000 0 535,000
PARKLAND ACQUISITION 00 0
CAPITAL IMPROVEMENTS TAX FUND 4,243,650 4,243,650 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 2023 For 2024 Estimated for Estimated for
DESCRIPTION Actual Actual 2025 2026
(1) (2) (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 80,718,323 84,229,421 84,000,000 84,000,000
Other Local Taxes 0 0 0 0
Total Local Taxes 80,718,323 84,229,421 84,000,000 84,000,000
Intergovernmental Revenues
State Shared Taxes and Permits
Local Government 674,239 631,229 650,706 665,000
Estate Tax 0 0 0 0
Cigarette Tax 613 506 700 700
Liquor and Beer Permits 94,728 104,373 40,000 40,000
Gasoline Tax 0 0 0 0
Library and Local Government Support Fund 00 0 0
Property Tax Allocation 0 0 0 0
Other Permits 0 0 0 0
Total State Shared Taxes and Permits 769,580 736,108 691,406 705,700
Federal Grants or Aid 0 126,000 0 0
State Grants or Aid 0 16,242 0 0
Other Grants or Aid 17,678 18,429 15,000 15,000
Total Intergovernmental Revenues 787,258 896,779 706,406 720,700
Special Assessments 0 0 0 0
Charges for Services 1,694,819 1,763,078 1,591,500 1,591,500
Fines, Licenses, and Permits 3,293,852 4,040,651 3,441,000 3,441,000
Miscellaneous 3,354,074 3,218,790 4,416,000 4,416,000
Other Financing Sources:
Proceeds from Sale of Debt 0 0 0 0
Transfers 0 0 0 0
Advances 400,000 1,159,700 1,240,000 400,000
Other Sources (Sale of Capital Assets) 0 0 0 0
TOTAL REVENUE 90,248,326 95,308,418 95,394,906 94,569,200
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 2023 For 2024 Estimated for Estimated for
(1) Actual Actual 2025 2026
(2) (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 212,230 209,599 269,396 276,130
Supplies and Materials 148,935 102,664 221,607 227,150
Capital Outlay 0 0 0 0
Total Security of Persons and Property 361,164 312,263 491,002 503,279
Public Health Services
Personal Services 0 0 0 0
Travel Transportation 0 0 0 0
Contractual Services 510,074 523,332 565,247 593,510
Capital Outlay 0 0 0 0
Total Public Health Services 510,074 523,332 565,247 593,510
Leisure Time Activities
Personal Services 5,945,350 6,010,896 6,452,567 6,581,620
Travel Transportation 0 0 0 0
Contractual Services 2,808,054 3,443,802 6,880,351 7,052,360
Supplies and Materials 507,302 473,117 600,647 615,660
Capital Outlay 19,674 15,531 22,540 22,540
Total Leisure Time Activities 9,280,379 9,943,346 13,956,105 14,272,180
Community Environment
Personal Services 6,078,219 6,425,717 6,251,303 6,376,330
Travel Transportation 0 0 0 0
Contractual Services 1,609,592 3,225,698 4,716,141 4,834,040
Supplies and Materials 22,407 26,711 38,554 39,520
Capital Outlay 0 0 0 0
Total Community Environment 7,710,219 9,678,126 11,005,998 11,249,890
Basic Utility Services
Personal Services 783,962 812,455 912,556 930,810
Travel Transportation 0 0 0 0
Contractual Services 4,341,769 4,125,088 5,645,290 5,786,420
Supplies and Materials 11,325 23,842 37,606 38,550
Capital Outlay 0 0 0 0
Total Basic Utility Services 5,137,055 4,961,386 6,595,451 6,755,780
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 2023 For 2024 Estimated for Estimated for
(1) Actual Actual 2025 2026
(2) (3) (4) (5)
Transportation
Personal Services 1,414,635 1,489,668 1,516,055 1,546,380
Travel Transportation 0 0 0 0
Contractual Services 1,088,076 1,453,619 2,747,561 2,816,250
Supplies and Materials 199,213 145,192 372,715 382,040
Capital Outlay 0 0 305,000 0
Total Transportation 2,701,925 3,088,480 4,941,331 4,744,670
General Government
Personal Services 12,801,019 12,743,815 17,100,858 17,442,880
Travel Transportation 0 0 0 0
Contractual Services 15,421,594 13,643,879 18,256,538 18,507,950
Supplies and Materials 3,915,102 5,476,820 7,590,398 7,780,160
Capital Outlay 1,820 162,197 2,500 2,500
Total General Government 32,139,534 32,026,711 42,950,295 43,733,490
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 25,750,000 30,935,604 23,700,000 23,700,000
Advances 2,406,665 1,536,965 1,536,965 1,536,970
Contingencies 352,805 140,205 222,560 200,000
Other Uses of Funds(Refunds/Incentives/Grants)5,512,152 5,512,152 5,558,750 5,558,750
Total Other Uses of Funds 34,021,621 38,124,926 31,018,275 30,995,720
TOTAL EXPENDITURES 91,861,972 98,658,568 111,523,704 112,848,520
Revenues over/(under) Expenditures (1,613,646) (3,350,150) (16,128,798) (18,279,320)
Beginning Cash Fund Balance 63,842,013 62,228,367 58,878,217 42,749,419
Ending Cash Fund Balance 62,228,367 58,878,217 42,749,419 24,470,099
Estimated Encumbrances (7,187,197) (6,184,323) 0 0
Estimated Ending Unencumbered Fund Balance 55,041,171 52,693,894 42,749,419 24,470,099
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 2023 For 2024 Estimated for Estimated for
(1) Actual Actual 2025 2026
(2) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes - Real Estate 512,815 516,758 535,000 535,000
Intergovernmental Revenue 67,959 146,988 60,500 60,500
Charges for Services 4,287,850 4,560,402 4,731,262 4,731,260
Miscellaneous 33,388 85,268 28,000 28,000
Other Financing Sources:
Transfers 14,000,000 14,150,000 17,000,000 17,000,000
Other Sources 0 0 0 0
TOTAL REVENUE 18,902,012 19,459,417 22,354,762 22,354,760
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 18,292,270 18,741,288 18,787,830 19,163,590
Travel/Transportation 0 0 0 0
Contractual Services 291,617 516,174 726,535 744,700
Supplies and Materials 257,204 260,925 423,793 434,390
Capital Outlay 20,710 14,637 19,300 19,790
Other Uses(Refunds and other misc) 3,958 4,327 6,879 6,880
TOTAL EXPENDITURES 18,865,759 19,537,351 19,964,337 20,369,350
Revenues Over (Under) Expenditures 36,254 (77,935) 2,390,425 1,985,410
Beginning Cash Fund Balance 2,397,202 2,433,456 2,355,521 4,745,946
Ending Cash Fund Balance 2,433,456 2,355,521 4,745,946 6,731,356
Estimated Encumbrances (outstanding at end of year)(149,159) (155,576) 0 0
Estimated Ending Unencumbered Fund Balance 2,284,297 2,199,945 4,745,946 6,731,356
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 2023 For 2024 Estimated for Estimated for
(1) Actual Actual 2025 2026
(2) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes*
Property Tax -- Real Estate/Personal Property 3,337,604 4,140,345 3,400,000 4,243,650
Municipal Income Tax (Note 1) 26,906,109 28,076,485 28,000,000 28,160,000
Intergovernmental Revenue 1,372,667 4,226,298 351,615 351,620
Fines, Licenses, and Permits 0 0 0 0
Miscellaneous 3,334,254 1,617,730 800,000 800,000
Other Financing Sources:
Transfers 7,100,000 0 0 0
Other Sources-Advances 1,098,000 903,000 2,303,000 2,275,000
Proceeds from Bonds 0 0 0 0
TOTAL REVENUE 43,148,633 38,963,858 34,854,615 35,830,270
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 44,894 75,053 65,000 66,305
Capital Outlay 33,216,263 35,662,223 58,203,731 31,788,240
Transfers 7,107,057 7,256,870 9,260,717 9,260,717
Advances 1,000,000 0 0 0
TOTAL EXPENDITURES 41,368,214 42,994,147 67,529,448 41,115,262
Revenues Over (Under) Expenditures 1,780,419 (4,030,289) (32,674,833) (5,284,992)
Beginning Cash Fund Balance 45,194,025 46,974,444 42,944,155 10,269,322
Ending Cash Fund Balance 46,974,444 42,944,155 10,269,322 4,984,330
Estimated Encumbrances (outstanding at end of year)(24,252,641) (18,324,778) 0 0
Estimated Ending Unencumbered Fund Balance 22,721,804 24,619,377 10,269,322 4,984,330
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 2023 For 2024 Estimated for Estimated for
(1) Actual Actual 2025 2026
(2) (3) (4) (5)
REVENUE XXXXXXXX XXXXXXXX XXXXXXXXX XXXXXXXX
Local Taxes - Real Estate 834,398 1,035,090 843,650 0
Intergovernmental Revenue 193,314 168,636 160,000 0
Fines, Licenses, and Permits 0000
Miscellaneous 0000
Other Financing Sources:
Transfers 0000
Other Sources-Advances 0000
Proceeds from Bonds 0000
TOTAL REVENUE 1,027,712 1,203,726 1,003,650 0
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 12,040 18,630 18,500 0
Capital Outlay 0 0 1,000,000 0
Transfers 0 5,100,000 0 0
Advances 0000
TOTAL EXPENDITURES 12,040 5,118,630 1,018,500 0
Revenues Over (Under) Expenditures 1,015,672 (3,914,903) (14,850) 0
Beginning Cash Fund Balance 3,845,082 4,860,754 945,850 931,000
Ending Cash Fund Balance 4,860,754 945,850 931,000 931,000
Estimated Encumbrances (outstanding at end of year)(6,523) 0 0 0
Estimated Ending Unencumbered Fund Balance 4,854,231 945,850 931,000 931,000
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
01/01/25 Balance 12/31/25
GOVERNMENTAL: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
SPECIAL REVENUE:XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Street Maintenance & Repair 1,865,619 2,785,000 4,650,619 2,329,140 1,359,338 3,688,478 962,141
State Highway Improvement 459,748 214,600 674,348 0 262,936 262,936 411,412
Cemetery 124,449 239,500 363,949 165,280 78,300 243,580 120,369
Recreation 1,744,294 9,792,900 11,537,194 6,790,840 3,261,656 10,052,495 1,484,699
Swimming Pool 68,711 1,510,925 1,579,636 921,430 632,620 1,554,050 25,586
Permissive Tax 56,544 108,000 164,544 0 150,000 150,000 14,544
Hotel/Motel Tax 1,389,326 5,807,500 7,196,826 1,016,850 5,758,632 6,775,482 421,344
Enforcement and Education 77,508 2,000 79,508 2,330 0 2,330 77,178
Law Enforcement Trust 61,474 1,800 63,274 0 37,920 37,920 25,354
Mandatory Drug Fine 2,962 50 3,012 0 0 0 3,012
Mayor's Court Computer 42,103 30,900 73,003 0 35,500 35,500 37,503
Accrued Leave Reserves 896,751 537,000 1,433,751 510,000 0 510,000 923,751
Wireless 9-1-1 System 718,540 125,000 843,540 0 0 0 843,540
Rings Unitrust 1,000,000 0 1,000,000 0 0 0 1,000,000
Covid Relief Fund 0 0 0 0 0 0 0
Local Coronavirus Recovery Fund 0 0 0 0 0 0 0
Opiod Relief Fund 45,036 70,000 115,036 0 35,000 35,000 80,036
TOTAL SPECIAL REVENUE FUNDS 8,553,065 21,225,175 29,778,240 11,735,869 11,611,902 23,312,771 6,430,470
DEBT SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
General Debt Service 1,885,665 15,552,340 17,438,005 0 14,607,250 14,607,250 2,830,755
Economic Development Bond Retirement 777,235 2,070,000 2,847,235 0 2,067,914 2,067,914 779,321
Special Assessment Debt Service 16,659 7,000 23,659 0 1,000 1,000 22,659
2001 Special Assessment Debt Service 134,913 0 134,913 0 0 0 134,913
TOTAL DEBT SERVICE FUNDS 2,814,472 17,629,340 20,443,812 0 16,676,164 16,676,164 3,767,648
CAPITAL PROJECT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Note: Various construction funds not included.
TOTAL CAPITAL PROJECTS 00 0000 0
PERMANENT IMPROVEMENT FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Cemetery Perpetual Care 1,827,524 55,000 1,882,524 0 0 0 1,882,524
TOTAL PERMANENT IMPROVEMENTS FUNDS 1,827,524 55,000 1,882,524 0 0 0 1,882,524
Budget Year Expenditures and Encumbrances
List of All Funds Individually Unless Reported on Exhibits l and II
FUND Estimated Budget Year Total Available
List All Funds Individually Unless Unencumbered Estimated For Personal Other Total
Reported on Exhibit I or II Fund Balance Receipt Expenditures Services
01/01/25
PROPRIETARY: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
ENTERPRISE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Water 1,314,145 1,584,590 2,898,735 317,245 1,787,750 2,104,995
Sewer 1,553,295 3,507,530 5,060,825 834,838 4,105,082 4,939,921
Water Construction 928,689 0 928,689 0 421,399 421,399
Sewer Construction 2,820,840 1,550,000 4,370,840 0 3,798,388 3,798,388
TOTAL ENTERPRISE FUNDS 6,616,969 6,642,120 13,259,089 1,152,083 10,112,619 11,264,702
Note: Various construction funds not included.
INTERNAL SERVICE FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Employee Benefits Self-Insurance 5,207,065 10,910,000 16,117,065 110,020 12,092,619 12,202,639
Workers Compensation Self-Insurance 324,977 304,000 628,977 0 515,331 515,331
TOTAL INTERNAL SERVICE FUNDS 5,532,042 11,214,000 16,746,042 110,020 12,607,950 12,717,970
TRUST AND AGENCY FUNDS XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX
Visit Dublin Ohio (aka DCVB) 99,155 1,000,000 1,099,155 0 900,000 900,000
Agency (Deposits) 4,742 79,000 83,742 0 79,000 79,000
COIRS 402,225 1,226,345 1,628,570 0 1,247,473 1,247,473
Econ Dev - PACE 0 950,403 950,403 0 950,403 950,403
TOTAL TRUST AND AGENCY FUNDS 506,122 3,255,748 3,761,870 0 3,176,876 3,176,876
TOTAL FOR MEMORANDUM ONLY 24,022,670 59,966,383 83,989,056 12,997,972 54,185,509 67,148,486
Budget Year Expenditures and Enc
EXHIBIT III
(pg 2 of 2)
Estimated
Unencumbered
Balance 12/31/25
XXXXXXXX
XXXXXXXX
793,740
120,904
507,290
572,452
1,994,387
XXXXXXX
3,914,426
113,646
4,028,072
XXXXXXXX
199,155
4,742
381,097
0
584,994
16,805,571
cumbrances
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 23,825,000 6,985,000 Capital Improvements Tax Fund
Computer Hardware/Software/Fiber 13,178,000 3,034,000 Capital Improvements Tax Fund
CIP - Parks & Recreation
Parks 24,540,000 9,290,000 Capital Improvements Tax Fund,
TIF Funds (as appropriate),
Hotel/Motel
CIP - Safety
Police 25,815,000 3,240,000 Capital Improvements Tax Fund
CIP - Stormwater System
Stormwater Improvements 10,505,000 860,000 Capital Improvements Tax Fund
CIP - Transportation
Mobility, Bicycles and Pedestrians 19,062,200 2,837,200 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
Bridges and Culverts 8,501,000 2,389,000 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
Streets and Parking 128,972,000 11,422,000 Capital Improvements Tax Fund and
TIF Funds (as appropriate)
SUB-TOTAL 281,568,830 45,476,229
CIP - Sanitary Sewer System
Sewer Improvements 600,000 115,000 Sewer Fund
CIP - Water Distribution System
Water Improvements 125,000 100,000 Water Fund
SUB-TOTAL 725,000 215,000
TOTAL 282,293,830 45,691,229
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
Total Project Cost 2025-2029 CIP
(May Include Other Funding
Sources including TIFs)
2026 Projects
14,449,310 2,988,029
Capital Improvements Tax Fund &
Parkland Acquisition Fund
Capital Improvements Tax Fund and
Water & Sewer, Hotel/Motel2,431,00012,721,320 Fleet Management