Monday, December 15, 2014

Village's Cash Reserve Cut In Half Over Two Years

According to public documents, the Village of Dorchester has seen its cash reserves drop nearly half over the past two years.

At the end of fiscal year 2012-2013, the village's official cash reserve showed $1.085 million in the bank.  

But an estimate for the current fiscal year shows the Village of Dorchester's cash reserve dropping to $562,710 at the end of the current fiscal year.  

Other interesting facts found in the village's official budget for the current fiscal year:

  • Nearly $226,000 was budgeted for the village's operating expenses, while nearly $300,000 was budgeted for capital improvements.  
  • More than $213,000 was budgeted on the village streets.
  • $54,176 was budgeted on "Culture and Recreation."

Operating a village's essential services is no inexpensive task.  The FY2014-15 budget for the village shows that it will cost roughly $542,000 for electrical utilities, $482,000 for wastewater services, and $517,000 for the delivery of water to Dorchester homes.

See the village's budget for yourself by clicking here.

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