Canton, Massachusetts · Saved source text
General Fund 2010 Year End Reports (PDF)
Saved text from 10 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
Town of Canton, Massachusetts DEPARTMENT OF FINANCE SUSAN E. DESJARDINS MEMORIAL HALL ASST. TREASURER/COLLECTOR 801 WASHINGTON STREET sdesjardins @town.canton.ma.us CANTON, MA 02021 (781) 821-5006 JAMES R. MURGIA PHONE: 781-575-6610 FINANCE DIRECTOR FAX: 781-575-6608 LOUIS M. JUTRAS jmurgia@town.canton.ma.us town.canton.ma.us INFORMATION (781) 575-6612 SYSTEMS MANAGER ljutras @town.canton.ma.us MEMORANDUM (781) 821-5069 TO: Board of Selectmen JANINE T. SMITH TOWN ACCOUNTANT X | jsmith @town.canton.ma.us FROM: Jim Murgia, Finance Director (781) 575-6605 DATE: August 12, 2010 SUBJECT: General Fund’s Fiscal 2010 Operating Results Having recently closed the books for fiscal 2010, the Finance Department prepared the attached reports for your review. The Summary of Revenues and Expenditures report compares actual revenue and expenditures for fiscal 2010 against revised budgets. We budgeted revenues to be $66.8 million and expenditures to be $68.2 million. The $1.4 million deficit was funded from use of free cash reserve of $863,392 and $500,000 of overlay surplus. Annual town meeting voted to use the following reserves in fiscal 2010: Supplement Snow & Ice budget $ 400,000 Supplement School Special Education 363,392 Transfer to Stabilization Fund 100.000 Total Free Cash Reserve Used $ 863,392 Overly Surplus Used to Fund fiscal 2010 operating budget 500,000 Total Reserves Budgeted $1,363,392 For fiscal 2010 we actually experienced an operating deficit of $231,513 which was $1,131,880 better than expected. The reasons for the improved results are as follows: Local receipts (mostly court settlement) $ 765,263 Tax title revenue (primarily 274 Mechanic Street) 193,859 Transfers from other funds (mostly school grants) 24,706 Property tax revenue shortfall (159,268) State aid shortfall (307,754) Total surplus-revenue 516,806 Unspent appropriations (primarily School Dept. & fixed costs) 615,074 Total 1,131,88' Co
Source page 2
General Fund’s Fiscal 2010 Operating Results August 12, 2010 Page 2 of 2 A court settlement pertaining to the flooring problem at the renovated Police Station was included in fiscal 2010 Local Receipts and amounted to $604,000. Property tax revenues were lower than expected, primarily due to the delayed approval of our fiscal 2010 tax rates. As a result, the mailing of the tax bills occurred six weeks later than normal. The state aid shortfall of $307,000 was due to the Commonwealth’s need to reduce local aid in order to deal with the state’s budget crisis. On the other hand, the School Department was successful in receiving an additional $205,000 in special education extraordinary relief from the state. Since 2010 annual town meeting had already voted to provide $363,000 from free cash for school special education, the unexpected state aid resulted in the School Department turning back $205,000 of its budget as an unspent appropriation. The revenue report (2 pages) shows the general fund revenue in more detail. Included in fiscal 2009 state aid is a $7.2 million reimbursement from the Massachusetts School Building Authority (MSBA) for Canton High School. Since this project was voted as a debt exclusion, we have reserved this revenue to offset future debt service costs. Fiscal 2010's share of this $7.2 million reimbursement amounted to $572,015. Fiscal 2010’s revenues were $2.0 million or 3.1% more than last year’s, excluding the MSBA reimbursement, primarily due to property taxes. The expenditure report (4 pages) shows departments’ operating expenses for fiscal 2010. These expenditures (including encumbrances) totaled $67.3 million or $599,605 less than budget. The expenditure most favorable to budget in fiscal 2010 was the School Department which was about $206,000 less than the revised budget, as mentioned earlier. Other large favorable budgets include Municipal Departments ($102,000), Reserve Fund ($92,000) and Town Insurance ($90,000). The last report is a balance sheet as of June 30, 2010 showing the general fund along with totals of other funds, which was prepared for the Department of Revenue to certify our free cash reserve balance. We estimate the general fund’s free cash reserve to be approximately $1.0 million as of June 30, 2010. Please know that further adjustments made by the Department of Revenue could significantly change this amount. L hope you will find this information to be useful. If you have any questions or comments, please let me know. JIRM/ejj Attachments ce: Kathy Butters, Town Accountant William T. Friel, Town Administrator Jeff Granatino, Superintendent of Schools Alan Hines, Chairman, Finance Committee Ken Leon, School Business Manager Reuki Schutt, Chairman, School Committee
Source page 3
SUMMARY OF REVENUE AND EXPENDITURES FY 2010 FY 10 Actuals Actuals vs. Revised Budget as of 6/30/10 Revised Budget GENERAL FUND REVENUE: TOTAL PROPERTY TAX REVENUE 52,327,444 52,168,176 (159,268) STATE AID 7,273,132 6,965,378 (307,754) TOTAL LOCAL RECEIPTS 5,116,363 5,881,626 765,263 TRANSFERS FROM OTHER FUNDS 2,142,557 2,167,263 24,706 TAX TITLE / FORECLOSURE REVENUE 0 193,859 193,859 TOTAL REVENUE 66,859,496 67,376,302 516,806 GENERAL FUND EXPENDITURES: PUBLIC SCHOOL EXPENSES 29,028,751 28,823,237 MUNICIPAL EXPENSES 15,357,821 15,256,094 FIXED COSTS 22,408,347 22,116,075 TOTAL OPERATING EXPENSES 66,794,919 66,195,406 TOTAL CASH CAPITAL EXPENDITURES 395,000 379,531 TRANSFER TO STABILIZATION FUND 100,000 100,000 STATE & COUNTY CHARGES 932,969 932,878 TOTAL EXPENDITURES 68,222,888 67,607,814 OPERATING SURPLUS/(DEFICIT) - GENERAL FUND (1,363,392 (231,513 1,131,880
Source page 4
01-PROPERTY TAXES 10011 10012 02-LOCAL RECEIPTS 10015 10017 10018 10032 10036 10037 10041 10042 10045 10077 10082 10084 10085 03-STATE AID 10062 10066 10097 TOWN OF CANTON, MA REVENUE REPORT SUMMARY OF REVENUE ACCOUNTS FOR FUND As of June 30 FY 2010 FY 2010 ORIGINAL REVISED BUDGET BUDGET PERSONAL PROPERTY TAXES 2,000,000 2,000,000 REAL ESTATE TAXES 50,327,444 50,327,444 TOTAL: 01-PROPERTY TAXES 52,327,444 52,327,444 MOTOR VEHICLE EXCISE 3,000,000 3.000,000 PENALTIES & INTEREST 175,000 175,000 PAYMENTS IN LIEU OF TAXES 201,363 201,363 FEES 150,000 150,000 RENTALS 100,000 100,000 OTHER DEPARTMENT REVENUE 75,000 75,000 ALCOHOL LICENSES 70,000 70,000 OTHER LICENSES 45,000 45,000 PERMITS 400,000 400,000 FINES AND FORFEITS 150,000 150,000 EARNINGS ON INVESTMENTS 400,000 400,000 OTHER MISC. REVENUE 50,000 50,000 REIMBURSEMENTS 300,000 300,000 TOTAL: 02-LOCAL RECEIPTS 5,116,363 5,116,363 EDUCATION DIST & REIMB. 4,843,383 4,843,383 GEN GVMT REIMB & DISTRIB 2,429,749 2,429,749 TOTAL: 03-STATE AID 7,273,132 7,273,132 04-TRNS. FROM OTHER FUNDS OTHER FIN SRC-TRANSFERS 2,142,557 2,142,557 TOTAL: 04-TRNS. FROM OTHER FUNDS W:\Munis\MCR Library\Budget reports\Canton Revenue Report.rpt 2,142,557 2,142,557 FY 2010 YTD ACTUAL 2,631,461 49,536,715 $2,168,176 3,080,022 317,161 199,299 186,898 174,902 76,510 65,790 44,755 548,359 123,576 125,704 629,497 309,153 5,881,625 4,208,331 2,185,032 6,393,363 2,167,263 2,167,263 Page | of 2 % OF ANNUAL 101.2 101.2 FY 2009 YTD ACTUAL 2,374,454 47,510,235 49,884,689 3,515,812 246,950 194,559 180,393 151,445 72,799 65,225 50,936 336,596 149,867 322,534 86,306 374,434 5,747,856 11,094,355 2,904,628 13,998,983 2,138,501 2,138,501 FY 2010 YTD ACTUAL vs. FY 2009 YTD ACTUAL $$ VARIANCE % VARIANCE 257,007 10.8 2,026,481 43 2.283.487, 46 (435,790) (12.4) 70,211 28.4 4741 24 6,505 3.6 23,456 15.5 3,711 5.1 565 0.9 (6,182) (2.1) 211,763 62.9 (26.291) (17.5) (196,831) (61.0) 543,190 629.4 (65,281) (17.4) 133,769 33 (6,886,024) (62.1) (719,596) (24.8) (7,605,620) (54.3) 28,762 13 28.762. 13 8/3/2010
Source page 5
TOWN OF CANTON, MA REVENUE REPORT SUMMARY OF REVENUE ACCOUNTS FOR FUND As of June 30 FY 2010 FY 2010 FY 2010 % OF FY 2009 FY 2010 YTD ACTUAL vs. ORIGINAL REVISED YTD ANNUAL YTD FY 2009 YTD ACTUAL BUDGET BUDGET ____ ACTUAL. _BUDGET ACTUAL S$VARIANCE % VARIANCE 05-TAX LIENS/FORECLOSURES 10014 TAX LIENS/TAX TITLES 0 0 193,859 0.0 187,083 6,776 3.6 TOTAL: 05-TAX LIENS/FORECLOSURES 0 0 193,859 0.0 187,083 6,776 3.6 GRAND TOTAL 66,859,496 66,859,496 66,804,286 99.9 71,957,112 (5,152,826) (7.2) W:\Munis\MCR Library\Budget reports\Canton Revenue Report.rpt Page 2 of 2 8/3/2010
Source page 6
129 151 154 179 195 910 133 135 145 185 176 241 192 193 194 199 632 220 221 231 232 400 W:\Munis\MCR Library\Budget reports\Canton Expense Report.rpt EXECUTIVE OFFICE TOWN COUNSEL HUMAN RESOURCES DEPT PLANNING DEPARTMENT TOWN REPORTS EMPLOYEE CONTRACT BENEFIT TOTAL O1-Executive Branch DIRECTOR OF FINANCE ACCOUNTANT TREASURER/TAX COLLECTOR INFORMATION SYSTEMS TOTAL 02-Finance Dept ZONING BOARD BUILDING DEPARTMENT TOTAL 03-Building & Zoning PUBLIC BLDGS/PROP MAINT POLICE STATION MAINT. PUBLIC SAFETY FACILITY ARMANDO RECREATION FACILITY PEQUITSIDE FARM TOTAL 05-Municipa! Buildings FIRE DEPARTMENT FIRE ALARMS, BOXES, ETC AMBULANCE SERVICE UNMANNED AMBULANCE TOTAL 06-Fire Dept PUBLIC WORKS ADMINISTRATI TOWN OF CANTON OPERATING EXPENSES BY VOTING CATEGORY FUND 100 EXCLUDING ARTICLES Date: 8/3/2010 As of June 30 for Fiscal Years 2009 - 2010 FISCAL YEAR 2009 ORIGINAL REVISED EXPENDEDYTD —% OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF BUDGET BUDGET THRU BUDGET EXPENDED& — BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET FY 10 FY10 June 30 FY 10 ENCUM. YTD FY 10 FY 10 FY 10 385.615 385.615 372,680 96.6 372,680 96.6 12,935 3.4 381,023 360,304 94.6 232,585 420,585 477,839 113.6 477,839 113.6 (57,254) (13.6) 663,873 698,688 105.2 77,069 77,069 77,636 100.7 77,636 100.7 (567) (0.7) 70,114 76,983 109.8 6,320 6,320 5,229 82.7 5,229 82.7 1,091 17.3 6,320 2,485 39.3 11,000 11,000 3,899 35.4 3,899 35.4 7,101 64.6 11,000 2.785 25.3 262,993 127,993 90,312 70.6 90,312 70.6 37,681 29.4 145,400 118,446 81.5 975,582 1,028,582 1,027,596 99.9 1,027,596 99.9 986 0.1 1,277,730 1,259,691 98.6 152,774 152,774 154,052 100.8 154,052 100.8 (1,278) (0.8) 142,792 151,156 105.9 186,876 186,876 168,928 90.4 178,928 95.7 7,948 43 175,824 169,137 96.2 189,640 213,523 211,771 99.2 211,771 99.2 1,752 0.8 224,389 199,746 89.0 310,869 369,974 297,284 80.4 367,633 99.4 2,340 0.6 371,120 309,257 83.3 840.159 923.147 832,034 90.1 912,384 98.8 10,763 12 914.125 829,296 90.7 33,297 34.297 30,150 87.9 32,250 94.0 2,047 6.0 32,390 38,528 118.9 272,647 278,197 265,752 95.5 273,942 98.5 4,255 1s 275,582 255,339 92.7 305,944 312,494 295,902 94.7 306,192 98.0 6,302 2.0 307,972 293,867 95.4 374,869 376.941 362,841 96.3 364,912 96.8 12,028 3.2 344,472 342,962 99.6 10,467 10,467 11,206 107.1 15,281 146.0 (4,814) (46.0) 10,467 9,640 92.1 7,187 7,187 11,769 163.7 11,769 163.7 (4,582) (63.7) T7187 6,797 94.6 8,923 8.923 8,867 99.4 8,867 99.4 57 0.6 8,923 8,611 96.5 23,674 23,674 24,357 102.9 24,357 102.9 (683) (2.9) 23,674 24,417 103.1 425,120 427,192 419,039 98.1 425,186 99.5 2,006 0.5 394,723 392,428 99.4 3,859,759 3,976.759 3,962,642 99.6 3,968,240 99.8 8519 0.2 3,888,017 3,915,841 100.7 22,075 22.075 19.834 89.8 19,834 89.8 2,241 10.2 22,075 22,320 101.1 353,181 353,181 360,584 102.1 360,584 102.1 (7,403) (2.1) 356,509 328,857 92.2 1,428 1,428 2,000 140.1 2,000 140.1 (572) (40.1) 1,428 1,000 70.0 4.236443 4.353.443 4,345,060 99.8 4,350,657 999 2,786 0.1 4,268,029 4,268,019 100.0 274,880 274,880 272,565 99.2 272,565 99.2 2,315 0.8 305,269 266,274 87.2 Page | of 4
Source page 7
TOWN OF CANTON OPERATING EXPENSES BY VOTING CATEGORY FUND 100 EXCLUDING ARTICLES As of June 30 for Fiscal Years 2009 - 2010 FISCAL YEAR 2009 ORIGINAL REVISED = EXPENDEDYTD —% OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF BUDGET BUDGET THRU BUDGET EXPENDED& BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET FY 10 FY10 June 30 FY i0 ENCUM. YTD FY 10 FY 10 FY 10 410 ENGINEERING DEPARTMENT 169,996 169,996 168,567 99.2 168,567 99.2 1,429 0.8 159,849 169,074 105.8 420 HIGHWAY MAINTENANCE 679,398 729,648 712.646 977 716,444 98.2 13,204 1.8 662,243 692,798 104.6 421 SIDEWALKS 20,050 20,050 0 0.0 0 0.0 20,050 100.0 50 0 0.0 425 STREET SIGNS & TRAFFIC 44,200 44,200 58,163 131.6 76,110 172.2 (31,910) (72.2) 44,200 34,397 778 426 GAS & OIL FUND 71,890 71,890 67,655 94.1 67,655 94.1 4.235 5.9 98,746 100,631 101.9 427 HIGHWAY EQUIPMENT MAINT 305,431 305.431 310,139 101.5 310,139 101.5 (4,708) (1.5) 294.490 290,761 98.7 491 CEMETERY MAINT 155,254 155,254 162,269 104.5 162,269 104.5 (7,015) (4.5) 149.679 160,421 107.2 492 TREE DEPARTMENT. 119.806 119,806 122,354 102.1 122,354 102.1 (2,548) (2.1) 114,899 117,430 102.2 493 TREE WARDEN & SHADE TREES 86,943 86,943 80.491 92.6 80,491 92.6 6,452 74 83,749 79 688 95.2 TOTAL 07-Public Works 1,927,848 1,978,098 1.954.850 988—«:976594. 999SS=«i:SS (|S TT 1,911,473 99.9 542 YOUTH SERVICES 3,667 3,667 2,743 748 2,743 748 924 25.2 3,667 2.777 75.7 630 RECREATION & PLAYGROUND 375,491 383,491 384,402 100.2 384,402 100.2 (11) (0.2) 367,228 368,117 100.2 TOTAL 08-Recreation & Playgrn 379,158 "387,158 "387,145 “100.0 387,145 ~ 100.0. BS 00° "370,895 "370.894, 100.0 131 FINANCE COMMITTEE 12,703 12,703 7359 $7.9 7,359 57.9 5,344 42.1 12,703 7,817 61.5 149 WATER/SEWER RATE POLICY 1,000 1,000 261 26.1 261 26.1 739 739 1,000 407 40.7 171 CONSERVATION COMMISSION 62,684 66,684 64,688 97.0 66,541 99.8 143 02 65,738 65,591 99.8 182 CAPITAL OUTLAY & PLANNING 2,556 2,556 7 03 7 03 2,549 99.7 2,556 86 33 184 BUILDINGS RENOVATIONS COM 3,381 3,381 230 6.8 230 68 3,151 93.2 3.381 289 85 198 UNPAID BILLS. 0 0 0 0.0 0 0.0 0 0.0 0 0) 0.0 210 POLICE DEPARTMENT 3,693,088 3,700,156 3,700,007 100.0 3,700,007 100.0 149 0.0 3,595,611 3,588,542 99.8 244 SEALER OF WEIGHTS & MEAS 7,500 7,500 6,750 90.0 6,750 90.0 750 10.0 7,500 6,750 90.0 291 EMERGENCY MANAGEMENT 8.335 8,335 7,603 912 7,603 91.2 732 88 8,335 7,522 90.2 292 ANIMAL CONTROL OFFICER 139,713 139,713 100,428 79 100,428 71.9 39,285 28.1 132,597 101,683 76.7 297 TOWN EMERGENCY CLEANUP 8,875 8.875 0 0.0 0 0.0 8,875 100.0 8,875 0 0.0 541 COUNCIL ON AGING 198,263 201,606 201,562 100.0 201,604 100.0 2 0.0 194.561 191,216 98.3 543: VETERANS SERVICES DEPARTMENT 98,997 154,747 154,512 99.8 154,512 99.8 235 0.2 138,164 134,048 97.0 547 DISABILITY COMMISSION 2,565 2,565 329 12.8 329 12.8 2,236 87.2 2,565 1,926 75.4 691 HISTORICAL COMMISSION 3,669 3,669 3,616 98.6 3,616 98.6 53 14 3,669 3,335 90.9 692 BEAUTIFICATION COMMITTEE 1,378 4,120 4,118 99.9 4,118 99.9 2 01 2,742 0 0.0 W:\Munis\MCR L ibrary\Budget reports\Canton Expense Report.rpt Page 2 of 4 Date: 8/3/2010
Source page 8
141 175 S10 610 161 163 710 71 752 132 422 423 433 840 91 913 914 915 946 990 W:\Munis\MCR Library\Budget reports\Canton Expense Report rpt TOTAL 09-Stand Alone ASSESSORS PLANNING BOARD HEALTH DEPARTMENT LIBRARY TOTAL 10-Elected Board TOWN CLERK ELECTIONS & REGISTRAR'S TOTAL 11-Town Clerk/Elections TOTAL 01-MUNICEPAL PRINCIPAL PAYMENTS LONG-TERM INTEREST PAYMENTS SHORT-TERM INTEREST PAYMENTS TOTAL 12-Debt Service RESERVE FUND STREET LIGHTING SNOW & ICE REMOVAL TRASH COLLECTION BLUE HILLS REGIONAL RETIREMENT BENEFITS UNEMPLOYMENT COMPENSATION EMPLOYER SHARE-HEALTH INS EMPLOYER SHARE-LIFE INS TOWN INSURANCE TRANSFERS OUT TOTAL 15-Mise. Fixed TOWN OF CANTON OPERATING EXPENSES BY VOTING CATEGORY FUND 100 EXCLUDING ARTICLES As of June 30 for Fiscal Years 2009 - 2010 ORIGINAL, REVISED EXPENDED YTD % OF TOTAL FISCAL YEAR 2009 Page 3 of 4 % OF REMAINING % OF REVISED EXPENDED % OF BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET FY 10 FY10 June 30 FY 10 ENCUM. YTD FY 10 FY 10 FY 10 4,244,707 4317610 4.251471 98.5 4,253,366 98.5 64,244 15 4,179,997 4,109,212 98.3 236,390 241,390 234,705 97.2 239,705 993 1,685 07 237.625 232,168 977 54,761 57.351 52.467 912 53,117 93.4 3,794 66 53.717 49,236 O17 304,974 304,974 298,695 979 298,695 97.9 6,279 21 302,788 288,876 95.4 967.715 968,545 968,262 100.0 968,262 100.0 283 0.0 940,705 939,874 99.9 1,563,840 1,572,420 1,554,128 988 1,560,378 99.2 12,042 08 1,534,835 “1,510,154 98.4 156,402 156,402 166,415 106.4 166,967 106.8 (10,565) (6.8) 157,923 154,510 978 32,868 32,868 21,221 646 21,221 64.6 11,647 354 32,868 33,775 102.8 189.270 189.270 187,636 99.1 188,188 994 1,082 0.6 190,791 188,285 987 15,088,071 15,489,413 15,254,861 98.5 15,387,687 99.3 101,727 0.7 15,352,271 15,133,317 98.6 4,094,750 4,054,750 4,058,550 100.1 4,058,550 100.1 (3,800) (OL) 3.987.020 3,991,020 100.1 1.808.216 1,808,216 ‘1,917,841 106.1 1,917,841 106.1 (109,625) (6.1) 1,938,410 1,938,409 100.0 194,000 158.950 38,102 24.0 38,102 24.0 120,848 76.0 113.571 2.556 63.9 6,056,966 6,021,916 6,014,493 99.9 6,014,493 99.9 7.423 0.1 6,039,001 6,001,985 99.4 300.000 92,250 0 0.0 0 00 92,250 100.0 0 0 00 215,000 239,000 172,218 RA 181,535 16.0 57.465 24.0 209.288 170.287 8l4 184.721 597.771 597,771 100.0 597,771 100.0 0 00 834,721 834,646 100.0 1,402,992 1,408,692 ‘1,330,272 94.4 1,376.975 977 34717 23 1,423,082 1,313,865 92.3 1,321,631 1,321,631 ‘1,321,631 100.0 1,321,631 100.0 0 0.0 1,264,185 1,253,270 991 2.875.438 2.875.438 2,870,146 99.8 2,870,146 99.8 5,292 02 2,679,811 2,679,489 100.0 100.000 100,000 100,000 100.0 100,000 100.0 0 0.0 100,000 100,000 100.0 9,007,669 8,957,669 8,952,221 99.9 8,952,221 999 5.448 ol 8,518,528 8,038,329 94.4 58.680 58.680 55,575 94.7 55,575 94.7 3,105 53 56.000 55,999 100.0 765,000 765,000 675,428 88.3 675,428 88.3 89.572 7 765,000 740,606 96.8 0 0 0 0.0 0 00 0 0.0 0 0 0.0 16.231,131 16,416.131 16,075,262 97.9 16,131.28! 98.3 284.850 17 15,850,615 15,186,490 95.8 Date: 8/3/2010
Source page 9
TOWN OF CANTON OPERATING EXPENSES BY VOTING CATEGORY FUND 100 EXCLUDING ARTICLES As of June 30 for Fiscal Years 2009 - 2010 FISCAL YEAR 2009 ORIGINAL REVISED EXPENDEDYTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF BUDGET BUDGET THRU BUDGET EXPENDED& BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET FY 10 FYLO Sune 30 FY 10 ENCUM. YTD FY 10 FY 10 FY 10 TOTAL 02-FIXED EXPENSES 22,288,097 = 22,438,047 22,089,754 98.4 22,145,774 292,273 1.3 21,889,616 21,188,475 96.8 300 SCHOOL DEPARTMENT 28,665,359 — 29,080.556 28,838,384 99.2 28,875,042 99.3 205,514 07 27,593,848 27542043 99.8 TOTAL 17-School Admin 28,665,359 — 29.080.556 — 28.838.384 99.2 28,875,042 99.3 205,514 0.7 27,593,848 27,542,043 99.8 TOTAL 03-SCHOOL 28,665,359 29,080,556 28,838,384 99.2 28,875,042 99.3 205,514 0.7 27,593,848 27,542,043 99.8 820 CHERRY SHEET ASSESSMENTS 743.423 753,423 753.332 100.0 753,332 100.0 91 0.0 731,988 745,934 101.9 830 COUNTY TAX-CHERRY SHEET 179,546 179,546 179,546 100.0 179,546 100.0 0 0.0 178,616 178,616 100.0 TOTAL £9-State & County Chgs 922,969 932.969 932,878 100.0 932.878 100.0 91 0.0 910,604 924,550 101.5 TOTAL 05-STATE & COUNTY CHGS 922,969 932,969 932,878 100.0 932,878 100.0 91 0.0 910,604 924,550 101.5 GRAND FOTALS : 66,964,496 67,940,985 67,115,878 98.8 67,341,380 99.1 599,605 0.9 65,746,339 64,788,386 98.5 W:\Munis\MCR Library\Budget reports\Canton Expense Report.rpt Page 4 of 4 Date: 8/3/2010
Source page 10
ASSETS CASH AND SHORT TERM INVESTMENTS DEPARTMENTAL RECEIVABLES INTERFUND RECEIVABLES EXCISE TAX RECEIVABLE PERSONAL PROPERTY TAX RECEIVABLE REAL ESTATE TAX RECEIVABLE SPECIAL ASSESSMENTS RECEIVABLE TAX LIENS USER CHARGES RECEIVABLE UTILITY LIENS ADDED TO TAXES AMOUNT PROVIDED FOR BONDS OTHER ASSETS TAX FORECLOSURES TOTAL ASSETS ABILITIES ACCOUNTS PAYABLE ACCRUED PAYROLL INTERFUND PAYABLES BONDS PAYABLE DEFERRED REVENUES. NOTES PAYABLE OTHER LIABILITIES PROVISIONS FOR ABATEMENTS AND EXEMPTIONS WITHHOLDINGS PAYABLE TOTAL LIABILITIES FUND EQUITY RESERVE FOR ENCUMBRANCES-CURRENT YR RESERVE FOR EXPENDITURES RESERVE FOR PETTY CASH & OTHER ASSETS RESERVE FOR EXCLUDED DEBT RESERVE FOR DEPOSITS RESERVE FOR CONSTRUCTION UNRESERVED FUND BALANCE TOTAL FUND EQUITY TOTAL LIABILITIES AND FUND EQUITY Fy 10 Balance Sheets TOWN OF CANTON COMBINED BALANCE SHEET AS OF JUNE 30, 2010 #100 GENERAL FUND #101-#299 SPECIAL REVENUE #300-#399 CAPITAL PROJECTS #600-#700 ENTERPRISE FUNDS #801-#890 TRUSTS AND AGENCY #970 LONG-TERM ACCOUNT GROUP TOTALS ALL FUNDS 14,637,153.62 0.00 0.00 505,435.38 88,053.13 1,097 ,028.96 0.00 788,168.52 0.00 0.00 0.00 10,575.44 190,764.45 6,717,801.00 462,632.90 108,660.00 6.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 856,097.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,681 ,339.11 0.00 0.00 0.00 0.00 0.00 18,970.66 20,401.62 407,077.61 376,777.44 15,168,313.00 1,062,676.73 0.00 9,414,650.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,476,600.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45,145,556.00 0.00 0.00 38,307,041 69 462,632.90 108,600.00 505,435.38 88,053.13 1,097,028.96 18,970.66 808,570.14 407,077.61 376,777 44 60,313,869.00 2,549,852.17 190,764.45 17,317,179 50 7,289,033.90 856,097.81 23,735,556.17 10,891,250.15 45,145,556.00 105,234,673.53 1,037,871.85 2,602,887. 40 0.00 0.00 1,423,688.57 0.00 59,253 82 1,245,761.87 308,523.41 89,255.25 193,049.39 0.00 0.00 352,615.90 1,400,000.00 13,310.48 0.00 0.00 30,220.31 0.00 0.00 0.00 0.00 1,524,700.00 0.00 0.00 0.00 212,046.64 36,390.68 108,600.00 15,168,313.00 823,227.33 5,841,050.00 0.00 0.00 0.00 958,821.47 20,532.70 0.00 0.00 0.00 0.00 2,124,320.18 0.00 0.00 0.00 0.00 0.00 45,145,556.00 0.00 0.00 0.00 0.00 0.00 2,328,215.52 2,852,860.17 108,600.00 60,313,869.00 2,599,531.80 8,765,750.00 2,196,884 48 1,245,761.87 308,523.41 6,677,986.92 2,048,231.02 1,554,920.31 22, 189,627.65 3,103,674.35 45,145,556.00 80,719,996.25 463,608.53 41,140,000.00 625.00 6,595,314.00 0.00 0.00 2,439.645.05 0.00 0.00 150.00 0.00 0.00 0.00 5,240,652.88 0.00 0.00 0.00 0.00 0.00 (698,822.50) 0.00 233,805.77 69,000.00 50.00 0.00 0.00 19,451.78 1,223,620.97 0.00 0.00 0.00 0.00 1,476,600.00 0.00 6,310,975.80 697,414.30 1,209,000.00 825.00 6,595,314.00 1,476,600.00 (679,370.72) 15,214,894 70 10,639,192 58 5,240,802 88 (698,822.50) 1,545,928.52 7,787,575.80 24,514,677 28 17,317,179 50 7,289,033 90 856,097.81 Combined Balance Sheets 23,735,556.17 10,891,250.15 45,145,556.00 105,234,673.53 8/11/2010