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.