According to public documents, the Village of Dorchester's cash reserve for fiscal year 2020-21 is significantly lower compared to the past two years.
The village's official budget form shows the 2020-21 budgeted cash reserve -- as approved by the village board -- at $83,610 or roughly 6% of the village budget. This compares to a cash reserve of more than $844,000 last fiscal year and more than $900,000 for fiscal year 2018-19.Other interesting figures revealed in the village's official budget for the current fiscal year include:
- Dorchester's village government will take in around $175,000 this fiscal year in property tax revenue.
- Total expenditures and transfers for this fiscal year are budgeted at nearly $3.2 million. That's compared to about $2.3 million two years ago.
- $197,000 has been budgeted for the village streets. Last year, that amount was more than $630,000. Six years ago, in 2014, more than $213,000 was budgeted for streets.
- The largest budget item is electric utilities, consuming a budgeted $989,000. That's more than double what was spent in this category last year.
Does anyone know which fund the city employees wages come out of?
ReplyDeleteGeneral Gov't, operating expenses. Line 1
Deletespend spend spend. One of these days yhey will break the village. Can't keep spending more that you take in!
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