Town of Dover receives Fiscal Stress Score of "0" (zero) by NYS Office of the State Comptroller
Posted on: November 29, 2023 - 12:27pm
The Town of Dover was notified by the NYS Office of the State Comptroller that for the year 2022, the Town had a fiscal stress score of "0" (zero) in a scale for fiscal stress with a range from 0 to 100.
Indicators to assess municipal fiscal stress include financial comparisons of data such as operating surplus to gross expenditures, cash as a percentage of monthly expenditures, debt services as a percentage of revenues and total fund balance as a percentage of gross expenditures (including General and Highway Funds).
The Town's 2022 score of 0 succeeds a 2021 score of 3.3% and 2020 score of 6.7%. Scores between 0 and 44.9% are considered in the category of "No designation" of fiscal stress.
Attachment | Size |
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Town of Dover 2022 Environmental Stress Summary | 533.4 KB |
Town of Dover 2022 Fiscal Stress Comparison | 521.63 KB |