Posted: Tuesday, 24 July 2012 7:10AM
City Releases Financial Report for Second Quarter
Despite a few areas of concern, financial figures are looking good for the city of Dover.
Officials discussed the numbers for the city's second quarter during a special finance meeting Monday night.
Auditor Mary Fox says the city is generally meeting expectations overall.
Reports show that, as of June 29, 2012, income tax receipts were down by $18,239.47.
Fox also says one of the biggest concerns for the city is its health insurance fund.
Fox notes, however, that there may be a possible solution to this ongoing problem.
Despite the aforementioned problems, Fox says funds like the street maintenance and repair fund are seeing some positives.
Numbers show the city's year-to-date revenue for the general fund at $3,400,209.57 and the general fund's year-to-date expenditures checking in at $3,409,275.50.
In all, Fox says the revenue and expenditures thus far for 2012 are comparable to 2011 figures.
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