b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2018 In addition to liabilities, the statements of financial position report a separate section for deferred inflows of resources.Deferred inflows of resources represent an acquisition of net position that applies to a future periodandwillnotberecognizeduntilthattime.FortheCity,deferredinflowsofresourcesinclude property taxes, pension, OPEB and unavailable revenue.Property taxes represent amounts for which there is an enforceable legal claim as of December 31, 2018, but which were levied to finance 2019 operations.Theseamountshavebeenrecordedasadeferredinflowonboththegovernment-widestatementofnet positionandthegovernmentalfundfinancialstatements.Unavailablerevenueisreportedonlyonthe governmentalfundsbalancesheet,andrepresentsreceivableswhichwillnotbecollectedwithinthe availableperiod.FortheCityunavailablerevenueincludesdelinquentpropertytaxes,incometaxes, intergovernmental grants, charges for services, and other.These amounts are deferred and recognized as an inflow of resources in the period the amounts become available.The details of these unavailable revenues areidentifiedonthereconciliation of totalgovernmentalfund balancesto netposition ofgovernmental activities found on page 21.Deferred inflows of resources related to pension and OPEB plans are reported on the government-wide statement of net position (See Notes 15 and 16).Expenses/Expenditures On the accrual basis of accounting, expenses are recognized at the time they are incurred. Themeasurementfocusofgovernmentalfundaccountingisondecreasesinnetfinancialresources (expenditures)ratherthanexpenses.Expendituresaregenerallyrecognizedintheaccountingperiodin which the related fund liability is incurred, if measurable.Allocations of cost, such as depreciation and amortization, are not recognized in governmental funds.Cash and Cash EquivalentsTo improve cash management, cash received by the City is pooled.Monies for all funds are maintained in this pool.Individual fund integrity is maintained through City records.Interest in the pool is presented as equity in pooled cash and cash equivalents.During 2018, the City invested in STAR Ohio.STAR Ohio (the State Treasury Asset Reserve of Ohio), is an investment pool managed by the State Treasurers Office which allows governments within the State to pool their funds for investment purposes.STAR Ohio is not registered with the SEC as an investment company, but has adopted Governmental Accounting Standards Board (GASB) Statement No. 79, Certain External Investment Pools and Pool Participants.The City measures its investment in STAR Ohio at the net asset value (NAV) per share provided by STAR Ohio.The NAV per share is calculated on an amortized cost basis that provides an NAV per share that approximates fair value.For 2018, there were no limitations or restrictions on any participant withdrawals due to redemption notice periods, liquidity fees, or redemption gates.However, twenty-four hours advance notice is appreciated for deposits and withdrawals of $25 million or more.STAR Ohio reserves the right to limit the transaction to $100 million per day, requiring the excess amount to be transacted the following business day(s), but only to the $100 million limit.All accounts of the participant will be combined for these purposes.Investment procedures are restricted by the provisions of the Ohio Revised Code.Interest is distributed to the general fund, street maintenance and repair, state highway, cemetery, and revolving loan special revenue funds, the community housing improvement program capital projects fund, the cemetery interment private-purpose trust fund, and the electric and water enterprise funds.Interest revenue credited to the general fund during 2018 amounted to $212,512 which includes $179,333 assigned from other City funds.- 35 36 -'