City of Oxford This report was prepared for the Citizens of the City of Oxford to provide a condensed overview of the City s financial results as of December 31, 2014. The information contained in this report was obtained from the City s 2014 Comprehensive Annual Financial Report (CAFR), which is prepared in conformance with Generally Accepted Accounting Principles (GAAP). The City s 2014 CAFR was audited by the Clark, Schaefer, Hackett & Co. and received an unmodified (clean) opinion. This report is unaudited and is presented on a GAAP basis. To obtain an audited CAFR with complete financial results a copy is available in the Finance Department at City Hall and is also posted on the City s website: http://www.cityofoxford.org /cafr City of Oxford, Ohio 2014 Popular Annual Financial Report City Council Kevin McKeehan Mayor Kate Rousmaniere ViceMayor Bob Blackburn Councilor Richard Keebler Councilor Mike Smith Councilor Steve Snyder Councilor Edna Southard Councilor
Page 2 City of Oxford, Ohio 2014 Popular Annual Financial Report
Page 3 Oxford is located southwest of Dayton and north of Cincinnati in a primarily rural area in the Miami Valley Region of Southwestern Ohio. The City lies approximately 6 miles east of the Indiana state line in the northwest corner of Butler County. The City has a population of approximately 21,371 (2010 census) and covers an area of approximately 7.50 square miles. Oxford was organized as a municipality in 1830 as a direct result of the growing prominence of Miami University, which was founded in 1809 as a state university and plays a significant role in the community. Oxford possesses a college-town environment in a beautiful rural setting. The University, with a student population of approximately 18,456 based on fall of 2014 enrollment, is both a direct and indirect source of many jobs in the City. The University also contributes substantially to the social and cultural environment enhancing Oxford s unique living experience. Forbes Magazine reported that a study conducted by WalletHub, the City of Oxford was rated the number one College city out of 280 covered in the survey. The survey looked at academic, social and economic variables to reach their conclusions
Governmental Activities - Expenses by Function Expenses 2014 2013 Security of persons and property $6,029,165 $5,776,151 How your money is spent Public health services 122,530 133,080 Leisure time activities 1,703,467 1,664,647 12.8% 0.5% 46.8% Security of persons and property Public health services Page 4 Community and economic development 896,508 866,627 Transportation 2,437,072 2,346,876 General government 1,657,466 1,842,327 18.9% 6.9% Leisure time activities Community and economic development Transportation Interest on long-term debt 58,835 65,189 Total governmental activities 12,905,043 12,694,897 13.2% 0.9% General government Interest on long term debt
Governmental Activities - Expense Descriptions Page 5 Functions/Programs Major Services Provided Security of persons and property Policing, dispatch for Police and Fire & EMS, animal control, street lighting and marking as well as capital spending Public health services Cemetery maintenance, Butler County health services and various donations to local agencies Leisure time activities Senior Center upkeep, swimming pool operations, concession for both pool and park, park maintenance, recreational programs and administration as well as capital spending Community and economic develop- Planning, Inspections, economic development, urban forestry, Community Block Dement velopment spending as well as capital spending Transportation Street maintenance and repair, State Highway spending, Parking control as well as capital spending General government Management Information Services, City Manager, Finance, Income Tax, Law, Human Resources, Clerk and Council, Municipal and Court House upkeep, City Garage, Engineering, Insurance as well as capital spending The above descriptions of major services provided are intended to give the reader a better understanding of them and is not meant to be an all inclusive list.
Governmental Activities - Revenue by Type Page 6 Revenues 2014 2013 Charges for services $2,437,036 $2,289,910 Operating grants & contributions restricted to specific programs Capital Grants and Contributions restricted to specific programs 588,411 1,410,344 610,081 2,104,993 Income taxes general 7,935,333 7,104,280 Income taxes fire & EMS 1,143,925 1,027,187 Property & other taxes 1,235,909 1,209,594 7.9% 7.3% How your money is earned 15.6% 3.0% 0.8% 2.2% 0.2% 3.8% 9.0% Charges for services Operating grant & contributions restricted Capital grant & contributions restricted Income taxes general Income taxes fire & EMS Operating grants & contributions not restricted to specific programs 467,826 530,731 Investment earnings 130,387 36,463 Miscellaneous 345,442 278,957 Transfers (30,000) (40,000) Total governmental activities 15,664,613 15,152,196 50.6% Property & other taxes Operating grant & contributions not restricted
Governmental Activities - Revenue Descriptions Page 7 Revenues Major Sources Charges for services Fines, Cost & Forfeitures, EMS Billings, Township EMS Contributions, Rent, Dog License Sales, Cemetery Charges, Special Assessments, Senior Center Rent, Concessions, Swimming Pool Receipts, Recreation Fees, Ball Field Rentals, Various Permits, Zoning Fees, Loan Repayment Interest, Auction Sales, Meter Revenues, Parking Leases as and Permits, Cable Franchise Fees, Various Sales, Fees and Charges Operating & capital grants & contri- Various Federal, State, Miami University, County Grants and Payments, Alcohol Education Fees, butions 4th of July and special events contributions, Red Brick & Ivy Gifts, Motor Vehicle Licenses Fees, Gasoline Taxes, and Contributed Capital Income taxes general 1.75% Earnings Tax Income taxes fire & EMS 0.25% Earnings Tax Property & other taxes Property Taxes, Hotel & Convention Taxes and Cigarette Taxes Investment earnings Interest on Investments Miscellaneous Auction Proceeds, Contributions, Memorial Tree Purchases, Various Contributions and Reimbursement from various sources Transfers Movement of monies between Funds The above descriptions of major sources of revenue are intended to give the reader a better understanding of them and is not meant to be an all inclusive list.
Business-type Activities - Expenses by Function How your money is spent Expenses 2014 2013 Water $2,433,786 $2,384,808 21.8% 0.4% 35.7% Water Sewer 2,875,139 2,664,910 Refuse 1,483,773 2,387,231 Sewer Page 8 Storm Water 25,477 26,461 Total Business-type activities 6,818,175 7,463,410 Refuse 42.1% Storm Water Did you know the City of Oxford had no rate increases for Water, Sewer and residential Refuse rates for the year beginning January 1, 2015. Commercial rates were approximately 15% less than 2014 due to a new contract entered into by the City
Business-type Activities - Expense Descriptions Page 9 Functions/Programs Major Services Provided Water Water plant operations, customer service, well maintenance, distribution, administration, allocations from Management Information Services, City Manager, Finance, Human Resources, Legislative, Engineering, Insurance as well as capital spending Sewer Treatment plant operations, customer service, collection, administration, allocations from Management Information Services, City Manager, Finance, Human Resources, Legislative, Engineering, Insurance as well as capital spending Refuse Collection & Transfer Station, administration, Utility Billing & Collections, Insurance as well as annual landfill post-closure maintenance Storm Water Storm water sewer maintenance The above descriptions of major services provided are intended to give the reader a better understanding of them and is not meant to be an all inclusive list.
Business-type Activities - Revenue by Type How your money is earned Page 10 Revenues 2014 2013 Charges for services $6,952,307 $7,166,548 Operating grants & contributions restricted to specific programs Capital Grants and Contributions restricted to specific programs 12,861 15,971 1,085,263 394,580 Investment earnings 111,214 40,419 Miscellaneous 40,884 38,084 0.2% 13.2% 1.4% 0.5% 0.4% Charges for services Operating grant & contributions restricted Capital grant & contributions restricted Investment earnings Miscellaneous Transfers 30,000 40,000 84.3% Transfers Total governmental activities 8,232,529 7,695,602
Business-type Activities - Revenue Descriptions Page 11 Revenues Major Sources Charges for services Auction Sales, Water Sales, Water Meters & Taps, Account Initiation Fee, Backflow Preventer Permits, Sewer Collection Charges, Sewer Taps, Refuse Collection Charges, Refuse Dumpster Charges, Refuse Recycling Charges, One-Time & Yard Waste Permits Operating & capital grants & contri- Water & Sewer Capacity Benefit Contributions, Butler County Recycling Incentive, and butions Contributed Capital Investment earnings Interest on Investments Miscellaneous Miscellaneous sales, Special Assessments, Various Reimbursement from various sources Transfers Movement of monies between Funds The above descriptions of major sources of revenue are intended to give the reader a better understanding of them and is not meant to be an all inclusive list.
Page 12 City of Oxford, Ohio 2014 Popular Annual Financial Report Income Tax Receipts 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 General Fire/EMS Income Tax Facts & Figures In 1946, the City of Toledo established the first municipal income tax in the State of Ohio. In 1957, the Ohio General Assembly enacted Uniform Municipal Income Tax Law providing broad regulations for municipalities to follow. On May 19, 1970 the City Council of the City of Oxford passed Ordinance No. 1165 imposing a 1% municipal income tax. The City of Oxford s income tax rate was increased by.75% to 1.75% in January 1, 1994 following passage of a Levy during 1993. In August of 2007, the City of Oxford contracted with RITA (Regional Income Tax Agency) for the administration and collection of it s municipal income tax. In the fall of 2010, Issue 15 was approved by 63% of voters to increase the rate by.25% in order to provide a major funding source for the City of Oxford s Fire & EMS operations. In 2014, income tax receipts accounted for 70.7% of all General Fund revenues. Theses funds help support many core services provided by the City of Oxford as well as paying for Capital improvements and equipment associated with these core services. In 2014, income tax receipts accounted for 63.8% of all Fire & EMS Fund revenues. These funds help support many core services provided by the Fire & EMS department as well as paying for Capital improvements and equipment associated with these core services. As a result of the passage of Issue 15 in the fall of 2010, and the subsequent collections beginning 2011, the City s Fire & EMS department is now a 24 hour 7 day a week operation with a minimum of 3 members per shift.
Page 13 Property Taxes 2014 Property Tax Payment Calculation County Taxable Value Value 25,000 8,750 0.35000 75,000 26,250 0.35000 100,000 35,000 0.35000 First Half Tax 784.77 Second Half Tax 784.76 1,569.53 Inside Millage Effective Tax % Rate Millage Due Total City of Oxford 3.650000 3.650000 127.75 8.14% Oxford Township 0.240000 0.240000 8.40 0.54% Talawanda CSD 55.300000 27.854307 1,003.81 63.96 Butler County 9.720000 9.130811 319.27 20.28% Butler County JVSD 1.930000 1.930000 67.55 4.30% Metro Parks 0.500000 0.500000 17.50 1.11% Lane Public Library 0.750000 0.750000 26.25 1.67% 72.590000 44.843854 1,569.53 100.00% 1.11% 1.67% 4.30% 20.28% Property Tax Distribution 8.14% 0.54% 63.96% City of Oxford Oxford Township Talawanda CSD Butler County Butler County JVSD Metro Parks Lane Public Library Property Tax Facts & Figures County auditors must reappraise all real estate every six years. County auditors must update these values three years following the reappraisals. Property taxes are based on 35% of the market value (value County Auditor assigns a property) except certain agricultural property. Example: Property s Market Value = $100,000 Taxable Value = $100,000 X 35% = $35,000 City of Oxford Effective Millage = 3.65 Tax Due to City of Oxford $35,000 X 3.65 = $127,750 / 1,000 = $127.75 This example does not take into account any special provisions like 10% property tax rollback or 2.5% property tax homestead rollback. Currently both of these exemptions are reimbursed by the State of Ohio to local governments. For further explanation of property taxes visit www.butlercountyauditor.org. This website is an excellent resource to obtain information on property taxes in Butler County, Ohio.
City of Oxford 101 East High Street Oxford, Ohio 45056-1887 Monday-Friday 8 a.m. - 5 p.m. Phone: 513-524-5200 Visit our website: www.cityofoxford.org City of Oxford Home of Miami University Brief History of Oxford and Miami University In 1803, a college township was set aside in the almost uninhabited woodlands of northwestern Butler County. In 1810, a year after Miami University was chartered, the Village of Oxford was laid out and the first lots were sold. In the following year the first school was built and by 1830, with a population of over 700, the Village of Oxford was incorporated. A charter form of government was adopted in 1960 and a decade later population growth had turned the village into a fullfledged city. The original boundaries of the City consisted of the Mile Square. A number of annexations during recent decades increased the size, resulting in the City currently consisting of approximately seven square miles. Miami University was founded in 1809 and has about 14,000 undergraduate students today. Miami University is the second oldest liberal arts educational institution in Ohio. Miami University is well known for development of the City Manager Phone Numbers & Locations 513-524-5201 101 East High Street McGuffey Readers by W.H. McGuffey, that began publication in 1836. The six readers were Economic Development 513-524-5238 101 East High Street based on landmarks of world literature that had good basic values. HR/Clerk of Council 513-524-5203 101 East High Street The readers were used over one Community Development 513-524-5204 101 East High Street hundred years in United States Building & Housing 513-524-5209 101 East High Street schools. Finance 513-524-5202 101 East High Street Utility Billing 513-524-5221 101 East High Street Service 513-524-5206 101 East High Street Engineering 513-524-5208 101 East High Street Parking Control 513-524-5260 101 East High Street Police Dispatch 513-523-4321 11 South Poplar Street For all Emergency Police, Police Administration 513-524-5240 11 South Poplar Street Fire or EMS calls dial... Animal Control 513-524-5270 11 South Poplar Street Police Records 513-524-5246 11 South Poplar Street Fire 513-523-6324 217 South Elm Street 911 Parks & Recreation 513-523-6314 6025 Fairfield Road Streets & City Garage 513-523-8412 945 Collins Run Road Wastewater Collections 513-523-2017 503 McKee Avenue Wastewater Plant 513-523-2911 503 McKee Avenue Water Distribution 513-523-5014 4935 Trenton Oxford Road Water Plant 513-523-1753 4935 Trenton Oxford Road