Budget & Finance
The City of Xenia takes its responsibility for the good stewardship of public dollars very seriously. This Budget and Finance page provides information to the public so you can better understand the means by which City operations are funded and how City resources are allocated. If you would like additional financial information that is not available on this website, please contact us and we would be happy to provide you with any information we have.
2018 Budget and Capital Plan
The City Manager's Office prepares the City budget with assistance from the City Finance Department. In January 2018 City Council approved a budget for the fiscal year ending 12/31/2018. City Budget Information is available below:
- Original Budget Submitted to Council in October 2017
- Final Budget Approved by City Council in January 2018
- Five-Year Capital Improvement Program 2018-2022
The City provides services considered to be governmental in nature as well as services that are classified as enterprise or business type functions. The City is required to report on these functions separately in its financial statements. When evaluating the City's financial position, the City often groups its major governmental operating funds into what are considered "Key Operating Funds." Key operating funds budgeted for 2018 excluding transfers and loans are approximately $20.1 million. The charts below summarize the City's key operating fund revenues and expenses budgeted for 2018:
The City of Xenia prepares a Comprehensive Annual Financial Report (CAFR) for each fiscal year. To view the most recent CAFR, click the picture below or click here to view a listing of CAFRs for prior years.
The City's capital program for governmental type expenditures is funded primarily through income tax revenue. The City's income tax rate is 2.25% of which .25% (or 1/9th of income tax collected) has been specifically designated for the City's capital program. The City transfers other monies from the General Fund to cover capital expenditures primarily for police and fire equipment. The City also receives grant revenue to supplement the capital program. The 2018 budgeted capital program for governmental activities is approximately $4.6 million. More than half of those budgeted expenditures are funded by grant revenue.
Transparency in Spending
The City of Xenia participates in the Treasurer of State's Ohio Checkbook program. City expenditures are uploaded to the site where the public can view expenditures dating back to 2011. Click here to visit the Ohio Checkbook website.
The Xenia City Council approves payment of bills twice each month. Please click here to view the City's approved schedules of bills for 2017 and 2018 (to date).
How is City Government Funded?
The City of Xenia's governmental functions are funded primarily by its 2.25% income tax. Income tax collections totaled nearly $13 million in 2017 while property tax collections were approximately $1.4 million. The majority of property taxes paid here in Xenia are allocated to the school district (see the graph below). The City also receives some State shared revenue although these State contributions have been reduced significantly in recent years. Court fines and charges for service also provide funding, but more than 60% of key operating fund revenue is provided by income tax. Income tax collections have been a little stagnant of late with the exception of 2016 where significant growth occurred. A recent history of income tax collection is presented below:
Spending Trends and Information
The City of Xenia works hard to control expenditures while maintaining a quality level of service. Over the last five years expenditures have grown at rate of 1.37% annually. The Consumer Price Index has increased by an average of 1.32% per year over that same period. City expenditures have been right in line with inflationary factors. The majority of expenses in the City's Key Operating Fund are for employee wages and benefits. City services like fire and police protection, dispatching, and the maintenance of roads, parks, vehicles, and facilities are people centric; therefore, the majority of operating costs are personnel related. Other significant operating costs include fuel, electricity, natural gas, postage, equipment maintenance, and software maintenance costs. One of the charts below shows the portion of expenses related to various types of expenditures while the other chart represents spending trends since 2013.
What is the City doing to repair streets?
The City's Annual Street Program page details what is being done and what has been done since the initiation of the current repaving program in 2011. Click here to view that page. Approximately one-third of the City's capital program is for street rehabilitation. The City specifically purposes $500,000 annually for street improvements. In most years, the City has spent additional capital dollars beyond what is specifically designated for street rehab. The City is going to great efforts to secure grant funding for street improvements though the dollars are scarce and highly competitive. The chart below shows City spending on streets since 2013:
Water and Sewer Rates
Did you know that the City of Xenia has some of the most affordable water and sewer rates in the region? Click here to see how Xenia compares to other local governments in the area.