b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 For2019,theCityimplementedGovernmentalAccountingStandardsBoard(GASB)StatementNo.84, Fiduciary Activities, Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements, and related guidance from (GASB) Implementation Guide No. 2019-2, Fiduciary Activities. GASB Statement No. 84 established specific criteria for identifying activities that should be reported as fiduciaryactivitiesandclarifieswhetherandhowbusinesstypeactivitiesshouldreporttheirfiduciary activities.The City reviewed its fiduciary funds, and one fund will continue to be reported in the fiduciary fund classification of private purpose trust fund, while another fund has been reclassified as a governmental fund.GASB Statement No. 84 was incorporated into the Citys 2019 financial statements; however, these changes had no effect on beginning net position/fund balance as the amount reclassified to governmental funds was offset by a corresponding liability.The implementation of GASB 84 did result in the restatement of fiduciary net position.GASB Statement 88 improves the information that is disclosed in notes to government financial statements relatedtodebt,includingdirectborrowingsanddirectplacements.Italsoclarifieswhichliabilities governments should include when disclosing information related to debt.These changes were incorporated intheCitysfiscalyear2019financialstatements;however,therewasnoeffectonbeginningnet position/fund balance.For2019,theCityalsoimplementedtheGovernmentalAccountingStandardsBoards(GASB) Implementation Guide No. 2018-1.These changes were incorporated in the Citys 2019 financial statements; however, there was no effect on beginning net position/fund balance.Restatement of Fiduciary Net PositionThe implementation of GASB Statement No. 84 had the following effect on fiduciary net position as of December 31, 2018:Private-PurposeTrustNet Position December 31, 2018 $240,591Adjustments:GASB Statement 84 (231,318)Restated Net Position December 31, 2018 $9,273Note 4AccountabilityAs of December 31, 2019, the police and fire pension special revenue fund had a fund balance deficit of $29,787.The deficit was the result of the application of generally accepted accounting principles.The general fund provides transfers to cover deficit balances in other funds; however, this is done when cash is needed rather than when accruals occur.- 42 42 -'