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OPENPUBLICA · PUBLIC MEETING RECORD

Record of Proceedings

Dayton Third Quarter Finance Briefing - November 4, 2026

City Commission — Wednesday, November 4, 2026

BodyDayton, Ohio

SessionCity Commission

DateWednesday, November 4, 2026

StatusNEW · FILED

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Transcript — Verbatim

Speaker numbers apply only to this recording. Names come from transcript evidence. “Possibly” marks uncertain attribution.

Unassigned speaker

0:04

All

Speaker 1

0:05

right, everyone.

0:07

Thank you, Commissioners.

0:09

This is your third quarter finance briefing.

0:13

This takes us through September.

0:16

Right.

0:17

We will cover both general funds, aviation, and water enterprise functions or budget.

0:25

So I'm going to turn it over to Ms.

0:28

Jones to lead us in the general fund presentation.

Unassigned speaker

0:33

Thank

Speaker 2

0:33

you, City Manager.

0:34

Can you guys hear

Unassigned speaker

0:35

me?

Speaker 1

0:35

Yes.

Unassigned speaker

0:36

All

Speaker 2

0:36

right.

0:37

So we will, as city major mentioned, we'll start with the general fund and we'll go to the statement slide.

Speaker 3

0:43

I suspect the microphone is not picking you up.

0:45

We can hear you, but I'll be part of it.

Speaker 2

0:51

I'm gonna I'm gonna try to speak louder.

0:53

So you don't

Speaker 3

0:54

get that.

Speaker 2

0:55

Um so here uh this statement shows uh our revenues and expenses.

1:00

The top section has the 10 revenue categories, and the bottom section shows the expenditures.

1:06

Um, starting with the revenue overall, uh compared to budget, revenues are 2.8 million or 1.6% higher than year-to-date budget compared to 2025 amounts.

1:19

Overall revenues are 1.7 million or 1% higher than 2025 amounts or actuals as of September.

1:27

And that 1% or the $1.7 million are slightly understated.

1:32

Um, that's largely because of the $3.7 million transfer that occurred in 2025, as you can see in the 2025 year to date actual column in the other revenue category.

1:45

Um, that transfer was our last transfer from the federal enforcement fund that was done in 2025 and it does not exist in 2026.

1:55

And so that's why we're not seeing as much growth year over year.

Unassigned speaker

2:00

Um,

Speaker 2

2:00

as the city manager mentioned, um, we are three fourths of the year, um, and we've collected approximately 75% of the revenue.

2:07

So we are trending as we should.

2:10

Um, in the middle section, um, I also want to uh draw your attention to the 27th payroll.

2:17

Um, the transfer, as you can see, include is included in the first column, the 3.2 million dollars.

2:24

Um, that transfer funds the 27th payroll for our largest pay group, which is police and buyer.

2:31

Um, they're gonna experience that in 2026.

2:33

However, we have not done the transfer yet.

2:36

We're gonna wait towards the end of the year so we have better estimates based on the trend, and

Unassigned speaker

2:43

um

Speaker 2

2:43

we can understand exactly how much is needed, and so we're gonna wait till the end of the year to do that transfer.

Unassigned speaker

2:50

Um,

Speaker 2

2:50

the bottom section, as I mentioned, shows the overall expenditures compared to budget.

2:56

The total expenditures are 3.8 million or 2% lower

Unassigned speaker

3:01

than

Speaker 2

3:02

year-to-day budget, um, which is a good thing, it's a favorable variance.

3:06

Um, however, compared to year over year, um, total expenditures are 9.5 million dollars or 5.4% higher.

3:15

And as you can see, um, as you know, personnel is the largest cost in our expenditure categories, and personnel year over year are higher by 7.3 million dollars or 6.2%.

3:28

This is largely related to the annual wage inflation, um, as well as we have fewer vacancies throughout the organization, um, and we have no health insurance holiday in 2026.

3:40

Um, and so that's why we're seeing that 6.2% variance year over year.

3:45

Um, overall, um, sources of reuses, we are in the negative by 13.6 million dollars.

3:51

Um, this is largely related to the investments.

3:55

Um, those are the investments in the purple shaded area, which includes capital improvement, equipment, development, uh, demolition, and euro dollars your neighborhood.

4:04

And as you know, those are upfronted.

4:06

Um, and so we fund them in the beginning of the year, so we have time to um do the contracts and um get the bids out.

4:13

Um, and so they are funded 100% in the beginning of the year, that which means that cost is not spread out throughout the

Unassigned speaker

4:19

year.

Unassigned speaker

4:20

Um,

Speaker 2

4:21

the other thing is I mentioned uh the 27th payroll that transfer has not been done, and then lastly the interest earnings, um, which also comes in at the end of the year, um, uh, and they show up in the other revenue category.

4:33

Um, and so they are also missing from this amounts, and that's why we're seeing that $13.6 million deficit um sources over uses.

Discussion Breakdown — Share of Meeting

Budget Equity Analysis██████████████████████████████████████38%

Water And Wastewater Management███████████████████19%

Airport Operations██████████████████18%

Procedural████████8%

Housing████4%

Economic Development████4%

Public Works██2%

Technology and Innovation██2%

Public Health██2%

Summary of Proceedings

Dayton Third Quarter Finance Briefing - November 4, 2026

The City of Dayton held its Third Quarter Finance Briefing on November 4, 2026. City Manager, Finance Director Abby Jones, Jeanette, Adam, Aviation Director Gil Turner, and Water Director Keisha Kenny presented the financial overview for the General Fund, Aviation Fund, and Water/Sanitary Funds through September 2026.

General Fund Overview

Revenue: Year-to-date revenues were $2.8 million (1.6%) above budget. Income tax collections were down $658,400 (0.5%) overall, but the net effect was flat performance due to growth in withholding income offsetting declines in business profits and higher refunds.
Expenditures: Year-to-date expenditures were $3.8 million (2%) below budget but $9.5 million (5.4%) higher than 2025. Personnel costs rose $7.3 million (6.2%) year-over-year due to wage inflation, lower attrition, and no health insurance holiday.
Local Government Fund & Cannabis Tax: Local Government Fund revenue is up $2.2 million but remains below 2022 levels. The city is now receiving approximately $100,000 quarterly from adult use cannabis tax, projected to be $1.0 to $1.2 million annually.
Trends: Income tax as a share of total general fund income has declined from 74.1% in 2024 to 69.8% in 2026. Personnel costs represent two-thirds of total expenditures. Contracts and materials grew 47% since 2022 due to inflation, and utilities grew 113%.

Dayton Recovery Plan Update

Completion: All $102 million in ARPA funds have been fully spent ahead of the December 2026 deadline. Total awarded contracts reached $94.8 million, with $82.3 million expended.
Projects: 19 external projects are completed; several large internal projects (sidewalks, curbs, parks) are also complete. Three remaining projects (Longfellow Midtown, Fairview Pool House, Spray Park) are in progress, with completion expected by May 2027.
MBE Compliance: The MBE goal was $23.1 million. $22.4 million was achieved, a 97% compliance rate.

Economic Indicators (as of September 2026)

Employment: Dayton MSA jobs reached 402,300, the highest on record and 9,700 above pre-pandemic levels. 2,800 jobs were added year-over-year.
Inflation: Midwest inflation stood at 4.2%, above the national average of 3.7%, driven by energy costs (gasoline up 36%, electricity up 9%).
Interest Rates: The Federal Reserve raised the federal funds rate to a range of 3.75% to 4.0% in September 2026.

Aviation Fund

Activity: Enplanements decreased 4.2% compared to 2025 to approximately 473,000, attributed to weather, fuel prices, and airline capacity reductions. New service from Breeze Airways began in October.
Revenue: Airline revenue increased by 3%. Non-airline revenue decreased by 2.1% primarily due to rental car settle-ups, but parking revenue grew 3.5% and concession revenue grew 21.1%.
Expenditures: Personnel costs increased 5.3%. Contracts and materials increased 14.6%, with utility costs rising 106.6%.
Financial Position: The fund is projecting a $1.1 million deficit for the quarter, driven by utility costs, snow removal, and personnel costs.

Water and Sanitary Funds

Water Fund: Revenues were up $2.8 million (5.3%). Expenditures were up $5 million (10.2%), resulting in minimal use of cash reserves. Utility costs and personnel costs (from filling vacancies) drove the increase. The department saved $40,000 to $50,000 per well by insourcing well cleaning.
Sanitary Fund: Revenues were up $650,000 (7%). Expenditures were down $805,000 (2.7%). The fund did not use cash reserves.

Key Outcomes

Commissioners commended staff for successfully meeting the Dayton Recovery Plan spending deadline and for innovative cost savings like insourcing well cleaning.
The General Fund is expected to end the year with approximately $4 million in use of cash reserves.
The Aviation Fund will continue to be monitored closely to manage the projected deficit.
Staff stated they will continue to monitor the General Fund closely.

Meeting Transcript

All right, everyone. Thank you, Commissioners. This is your third quarter finance briefing. This takes us through September. Right. We will cover both general funds, aviation, and water enterprise functions or budget. So I'm going to turn it over to Ms. Jones to lead us in the general fund presentation. Thank you, City Manager. Can you guys hear me? Yes. All right. So we will, as city major mentioned, we'll start with the general fund and we'll go to the statement slide. I suspect the microphone is not picking you up. We can hear you, but I'll be part of it. I'm gonna I'm gonna try to speak louder. So you don't get that. Um so here uh this statement shows uh our revenues and expenses. The top section has the 10 revenue categories, and the bottom section shows the expenditures. Um, starting with the revenue overall, uh compared to budget, revenues are 2.8 million or 1.6% higher than year-to-date budget compared to 2025 amounts. Overall revenues are 1.7 million or 1% higher than 2025 amounts or actuals as of September. And that 1% or the $1.7 million are slightly understated. Um, that's largely because of the $3.7 million transfer that occurred in 2025, as you can see in the 2025 year to date actual column in the other revenue category. Um, that transfer was our last transfer from the federal enforcement fund that was done in 2025 and it does not exist in 2026. And so that's why we're not seeing as much growth year over year. Um, as the city manager mentioned, um, we are three fourths of the year, um, and we've collected approximately 75% of the revenue. So we are trending as we should. Um, in the middle section, um, I also want to uh draw your attention to the 27th payroll. Um, the transfer, as you can see, include is included in the first column, the 3.2 million dollars. Um, that transfer funds the 27th payroll for our largest pay group, which is police and buyer. Um, they're gonna experience that in 2026. However, we have not done the transfer yet. We're gonna wait towards the end of the year so we have better estimates based on the trend, and um we can understand exactly how much is needed, and so we're gonna wait till the end of the year to do that transfer. Um, the bottom section, as I mentioned, shows the overall expenditures compared to budget. The total expenditures are 3.8 million or 2% lower than year-to-day budget, um, which is a good thing, it's a favorable variance. Um, however, compared to year over year, um, total expenditures are 9.5 million dollars or 5.4% higher. And as you can see, um, as you know, personnel is the largest cost in our expenditure categories, and personnel year over year are higher by 7.3 million dollars or 6.2%. This is largely related to the annual wage inflation, um, as well as we have fewer vacancies throughout the organization, um, and we have no health insurance holiday in 2026. Um, and so that's why we're seeing that 6.2% variance year over year.

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