b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2018 Interest Rate RiskThe City has no investment policy that addresses interest rate risk.State statute requires that an investment mature within five years from the date of purchase, unless matched to a specific obligation or debt of the City, and that an investment must be purchased with the expectation that it will be held to maturity.Credit RiskOhio law requires that STAROhio maintain the highest rating provided by at least one nationally recognized standard rating service.The City has no investment policy that would further limit its investment choices. Concentration of Credit RiskThe City places no limit on the amount it may invest in any one issuer. Note 7ReceivablesReceivablesatDecember31,2018,consistedprimarilyofmunicipalincometaxes,propertytaxes, intergovernmental receivables arising from entitlements and shared revenues, accrued interest on investments andaccounts(billingsforutilityservice).Propertytaxes,althoughultimatelycollectible,includesome portionofdelinquenciesthatwillnotbecollectedwithinoneyear.Allallowancesforuncollectibles represent estimates of uncollectible receivables in the accounts receivable classification. Accounts Allowance for Net AccountsReceivable Uncollectibles ReceivableGovernmental Activities $168,868 $0 $168,868Business-Type Activities 4,838,228 285,006 4,553,222 Property TaxesPropertytaxesincludeamountsleviedagainstallrealandpublicutilitypropertylocatedintheCity.Property tax revenue received during 2018 for real and public utility property taxes represents collections of the 2017 taxes.2018 real property taxes are levied after October 1, 2018, on the assessed value as of January 1, 2018, the lien date.Assessed values are established by State law at 35 percent of appraised market value.2018 real property taxes are collected in and intended to finance 2019.Real property taxes are payable annually or semi-annually.If paid annually, the payment is due December 31; if paid semi-annually, the first payment is due December 31 with the remainder payable by June 20.Under certain circumstances, State statute permits later payment dates to be established.Public utility tangible personal property currently is assessed at varying percentages of true value; public utility real property is assessed at 35 percent of true value.2018 public utility property taxes which became a lien December 31, 2017, are levied after October 1, 2018, and are collected in 2019 with real property taxes.The full tax rate for all City operations for the year ended December 31, 2018, was $7.00 per $1,000 of assessed value.The assessed values of real and tangible personal property upon which 2018 property tax receipts were based are as follows:Real Property $259,298,370Public Utility Property 1,185,700Total $260,484,070- 45 46 -'