Canton, Massachusetts · Saved source text
Article 37 - Cash Reserve Balances and Propsed Free Cash Appropriations at ATM 2024 pdf file
Saved text from 2 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
CASH RESERVE BALANCES
Town of Canton
Certified "Free Cash" Balances Total % of Audited
Balance General Core Stabilization Overlay General Fund General Fund General Cash
As Of Water Sewer Rink Fund Fund*** Reserve * Reserve ** Expenses Reserves
7/1/2023 1,176,057 3,920,120 72,889 10,229,437 10,303,955 4,443,545 24,976,936 20.31% 25,170,933
7/1/2022 1,007,485 2,903,732 136,203 8,962,315 10,026,967 4,168,051 23,157,334 20.02% 22,779,583
7/1/2021 1,289,690 3,120,771 104,203 8,768,595 10,060,653 3,170,257 21,999,505 20.21% 22,078,763
7/1/2020 862,264 2,794,878 101,482 6,559,814 9,393,074 2,255,239 18,208,127 17.54% 19,686,713
7/1/2019 1,357,137 2,239,897 76,980 5,731,060 8,490,281 2,459,492 16,680,833 16.64% 17,486,817
7/1/2018 1,615,054 2,028,086 73,022 4,383,423 7,692,837 3,774,018 15,850,278 15.81% 17,224,537
7/1/2017 1,855,585 1,309,835 44,350 4,851,739 6,956,162 3,746,203 15,554,104 16.64% 16,128,195
7/1/2016 2,533,762 1,594,141 23,856 4,177,587 6,314,973 4,292,552 14,785,112 17.58% 12,961,775
7/1/2015 2,519,044 1,591,856 32,246 3,801,359 5,643,589 3,038,785 12,483,733 15.40% 11,430,875
7/1/2014 1,955,013 800,665 74,919 3,271,361 5,074,180 2,302,060 10,647,601 13.59% 9,815,657
7/1/2013 1,620,439 640,607 26,069 2,924,558 4,610,294 1,339,592 8,874,444 11.75% 8,276,920
7/1/2012 1,350,927 733,390 3,868 3,234,349 4,210,832 685,770 8,130,951 11.34% 7,118,096
7/1/2011 1,158,150 734,688 8,327 2,180,097 3,463,814 379,070 6,022,981 8.49% 5,825,529
7/1/2010 163,610 848,466 6,552 990,878 3,234,212 1,245,762 5,470,852 8.09% 5,193,760
7/1/2009 423,348 1,194,481 61,887 1,697,797 3,102,096 1,479,721 6,279,614 9.52% 5,784,251
7/1/2008 1,026,324 1,296,225 85,449 2,014,294 2,636,393 2,048,199 6,698,886 10.85% 6,585,875
FY '24 General Fund Reserves are ~$25MM.
This represents 20.5% of FY '24 Budgeted General Fund Expenditures (BGFE).
The Town's Target for General Fund Reserves is at least 15% of BGFE
The Maximum Use of these Reserves at the May 2024 ATM is $6,527,516 if the 15% Target is to be maintained.
* Overlay balances beginning with 6/30/17 have been reduced by ATB case reserves to estimate surplus overlay reserve.
** General Fund Reserve is comprised of the General Fund's Undesignated Fund Balance + Stabilization Funds + Overlay Reserve.
*** Core Stabilization excludes Capital Stabilization and Solar Stabilization.
ATMDATA - 2-06-24.xlsx cash reserve info 2/26/2024Source page 2
FY 2025 PROPOSED FREE CASH APPROPRIATIONS at MAY 2024 ATM
Amount Purpose
1,619,700.00 CAPITAL: Public Safety Network System Communications Replacement
1,600,000.00 SPED Reserve
1,000,000.00 Capital Stabilization - GMS
1,000,000.00 Ch. 90 Supplement
1,000,000.00 NEW Capital Stabilization - 1860 Washington St. (former St. Gerard's Property)
153,936.97 Opioid Fund
50,000.00 Towards Fire Engine Replacement
35,000.00 4th of July Celebration
20,000.00 Bylaw Modernization Committee
7,500.00 Conservation Land Fund
5,000.00 Community Recognition
6,491,136.97 TOTAL
6,527,516.21 AVAILABLE
36,379.24 NOT BEING APPROPRIATED
ATMDATA - 2-06-24.xlsx FY25 Reserve Uses 2/26/2024