Dover Sees Solid Financial Year

<p>Mary Alice Reporting:

(Thursday, August 9th) Dover, Ohio – The City of Dover ended in a good fiscal position for the 2017 year-end report.

 

The administration released the Comprehensive Annual Financial Report for community residents to see where the $65 million budget for last year was used.

Fiscal Officer Nicole Stoldt explains noticeable projects were conducted throughout 2017, such as extensive street and lighting improvements and the on-going river front project.

Services the budget sustains include water treatment and distribution, police, fire, and public health services, as well as recreation programs.

She notes that the city maintains fiscal responsibility through the hard work of department leaders.

“I meet with all the department heads. We go over any requests that they see coming, any kind of retirements they may see coming, and any new hiring that there may be so that we can have a very solid budget going into the new year.”

However, there are usually several funds that officials watch closely to stay in budget.

“We keep an eye on our electric fund due to us having our own electric generation plant [where] the expenses are large. The other is always the health insurance fund. We are self-funded so we pay 100% of all health insurance costs.”

The City of Dover is also able to provide an improvement grant to area businesses from monies collected through bed tax from three hotels.

Copyright WTUZ Radio Inc., 2018