In June 2024, the village reported a robust combined bank balance of $3,331,513.92, with $192,455.51 in primary checking accounts and $1,499,223.62 in a high-interest savings account. The village's dedicated funds contributed to a general fund income tax revenue of $124,364, marking a significant 45% increase in RITa collections compared to June of the previous year.
Overall, the village has collected $584,767 in general fund income tax receipts, which is approximately 11.7% higher than the same period in fiscal year 2023. Additionally, the village received $171,819.31 in general fund receipts, exceeding last year's figures by $37,893.09, further reflecting the positive trend in tax collections.
The Star Ohio fund earned $7,191.73, while the high-interest savings account generated $6,273.91 in interest for the month. The top five expenditures included payroll, DP's, Jefferson Health Plan, and Rumpke Container, with total general fund appropriations for June amounting to $191,110.76—an increase of $11,908.67 from fiscal year 2023.
Despite the positive financial outlook, the village has 18 outstanding payments totaling $321,596.27. Village administration plans to closely monitor spending and make necessary adjustments to ensure fiscal responsibility moving forward.