b'For the Future Dovercontinuestostrivetoimproveuponitsdesirabilityasaplacetoreside,worshipandconduct business in Tuscarawas County.Short term and long term goals are set yearly and every effort is made to realize each goal.It is a primary focus of the Citys administration to prioritize and achieve these goals for the betterment of the citizens of the City of Dover. The future for most municipalities like the City of Dover is one of economic uncertainty, however, the City of Dover will continue to use every asset and every economic tool available to maintain existing businesses and entice new business to the area. A goal every year is to provide the citizens of Dover with the same or a better level of service than that of the previous year.We would like the Citizens of Dover to have a City to be proud of and that cares for their changing needs while maintaining a fiscally sound base. Long Term Financial Planning The City ensures there are funding sources for all projects it undertakes.A portion of the Citys income taxisallocatedtothemastercapitalfundtohelpprovideconsiderablepay-as-you-gofinancingof governmentalcapitalprojectsandcapitalassets.Traditionally,theCityhasfundedprojectsforour enterprise funds by issuing mortgage revenue bonds and bond anticipation notes as necessary.In 2011, the City issued a general obligation bond to pay off all of its outstanding bond anticipation notes.We plantoscrutinizeeveryprojectandusethemeansavailabletoustocompleteanynecessary improvements.Our wastewater treatment plant is funded by a low interest loan through the Ohio Water DevelopmentAuthority(OWDA).Ano-interestloanwasobtainedthroughtheOhioPublicWorks CommissionandwasusedaspartofthefinancingfortheWillsAvenuestormsewerproject.In December 2015, the City issued $2,245,000 in Municipal Electric System Improvement Bonds.The proceeds were used for a pollution control facilities project that came in under budget. Another long term goal has been a north end safety sub-station.The City has diligently been setting aside funds for the construction of this site.On March 15, 2016, the City passed a 4-mill replacement levy to fund the additional safety forces that will be needed at this north end safety sub-station.The project was started in July 2018, and our hope is to occupy the new facility in early summer of 2019.This will help ensure that Dover remains a safe community. Relevant Financial Planning The financial planning for the City is based many times upon need.For example, in compliance with Ohio law, the City of Dover collects a kilowatt per hour tax; this tax revenue is to be receipted in the general fund in an effort to offset the general funds loss of other revenues related to electric.The City has passed legislation that allows the transfer back to the electric fund based on need.Yearly, it is decided upon, by the administration and the finance committee of City Council, which fund will be the recipient of all or part of this revenue.The split of our Citys income tax revenue has been addressed elsewhere in the report; however, the practice of allocating a percentage of our income tax revenue to the master capital fund continues to be a mostvaluabletool.Inthetimeoffinancialdownturnthepercentagecanbeloweredtoallowfor additional yearly revenue for operating expense, but otherwise, 40 percent of income tax revenue is used to maintain and grow our City, providing infrastructure and enhancements to serve our citizens.In 2018, only 25 percent of income tax was allocated to the master capital fund, as operating funds benefited from the additional revenue. The financial condition of the City is reviewed by the finance committee of City Council through reports fromboththeAuditorandMayor.Recommendationsaresubmittedandeitheracteduponbythe committee or taken under advisement for the future. - x -'