b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 Deferred Outflows/Inflows of ResourcesIn addition to assets, the statements of financial position will sometimes report a separate section for deferred outflows of resources.Deferred outflows of resources represent a consumption of net position that applies to a future period and will not be recognized as an outflowofresources(expense/expenditure)untilthen.FortheCity,deferredoutflowsofresourcesare reported on the government-wide statement of net position for a deferred charge on refunding, pension and OPEB.A deferred charge on refunding results from the difference in the carrying value of refunded debt and its reacquisition price.This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt.The deferred outflows of resources related to pension and OPEB plans are explained in Notes 15 and 16.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, 2019, but which were levied to finance 2020 operations.Theseamountshavebeenrecordedasadeferredinflowonboththegovernment-widestatementofnet positionandthegovernmentalfundfinancialstatements.Unavailablerevenueisreportedonlyonthe governmentalfundsbalancesheet,andrepresentsreceivableswhichwillnotbecollectedwithinthe availableperiod.FortheCityunavailablerevenueincludesdelinquentpropertytaxes,incometaxes, intergovernmental grants, and charges for services.These amounts are deferred and recognized as an inflow of resources in the period the amounts become available.The details of these unavailable revenues are identified on the reconciliation of total governmental fund balances to net position of governmental 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 2019, 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.- 35 35 -'