Canton, Massachusetts · Saved source text
Operating Results as of June 30 2018
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Source page 1
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DEPARTMENT OF FINANCE
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KATHLEEN D. BUTTERS
MEMORIAL HALL TOWN ACCOUNTANT
801 WASHINGTON STREET kbuttersC~to~vn.canton.ma.us
CANTON, MA 02021 (781) 575-6605
JAMES R. MURGIA PHONE: 781-575-6610
FINANCE DIRECTOR FAX: 781-575-6608 SUSAN E. DESJARDINS
jmurgia@to~vn.canton.ma.tts to~vn.canton.ma.us ASST. TREASURER/COLLECTOR
(781)575-6612 sdesjardinsC~to~~~n.canton.ma.us
(781) 821-5006
MEMORANDUM
LOUIS M.JUTRAS
TO: Board of Selectmen INFORNtaT1oN
SYSTEMS MANAGER
FROM: Jim Murgia, Finance Director ljutras@tow~n.canton.ma.us
(781)821-5069 `
DATE: August 14, 2018
SUBJECT General Fund's Fiscal 2018 Operating Results
Having recently closed the books for fiscal 2018, the Finance Department prepared the
following reports which are attached for your review:
1) Summary of Revenues and Expenditures
2) Revenue Report (2 pages)
3) Operating Expenditure Report (4 pages)
4) Balance Sheet as of June 30, 2018
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for fiscal
2017 and 2018. The fiscal 2018 budgeted deficit of $2,558,042 was due to free cash reserve
used for the following items:
Transfer to School SPED Reserve $600,000
Transfer to Stabilization Fund 500,000
Local Chapter 90 Match 500,000
Additional OPEB transfer 200,000
Snow &Ice Budget Supplement 175,000
Master Plan Update 150,000
Health Insurance Budget Supplement 110,000
School HVAC 100,000
Transfer to Solar Stabilization 100,000
School Window Project Supplement 53,042
July 4th (2018) 35,000
Old Shepard Street Easements 30,000
Community Recognition 5,000
Total Free Cash Reserve Budgeted $2,558,042Source page 2
General Fund's Fiscai 2018 Operating Results
August 14, 2018
Page 2 of 2
Actual Revenues and Expenditures
Fiscal 2018 was an excellent year with revenues exceeding expenditures by $538,148.
Compared to the budgeted deficit of $2.6 million this operating surplus was $3.1 million better
than expected.
The reasons for these results are as follows:
Local Receipts (excise taxes, building permits, interest income) $1,875,903
Tax Title Revenue 297,266
Transfers from Other funds (Solar facility) 190,332
Property Tax Revenue 41,237
State Aid (shortfall) (13,355)
Total Surplus revenue $2,391,383
Unspent appropriations (mostly municipal budgets and fixed costs) 704,807
Total $3,096,190
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2018 will be submitted to the
Department of Revenue for free cash reserve certification.
We estimate the general fund's free cash reserve to be approximately $4.5 million as of June
30, 2018. Please know that the final determination as to our free cash reserve is made by the
Department of Revenue.
Due to the very positive operating results from fiscal 2018, the Town's cash reserves have
increased to an estimated $16.0 million as follows:
Stabilization Fund $7,692,837
Free Cash Reserve 4,500,000
Surplus Overlay Reserve (net of pending ATB cases) 3,774,839
Total $15,967,676
These reserves amount to 16.6% of fiscal 2019's budget. In order to maintain our AAA bond
rating we target our reserves to be 15% of budget so we have more than achieved that goal in
fiscal 2018.
hope you will find this information to be useful. If you have any questions or comments, please
let me know.
J RM/ej
Attachments
cc: Charles Aspinwall, Town Administrator
Rob Barker, Chair, Finance Committee
Kathy Butters, Town Accountant
Jennifer Fischer-Mueller, Superintendent of Schools
Kristin Mirliani, Chair, School Committee
Barry Nectow, School Business AdministratorSource page 3
SUMMARY OF GENERAL REVENUES AND EXPENDITURES
CURRENT FISCAL YEAR PRIOR FISCAL YEAR
FY 2018 FY 2018 Actual vs. FY 2017 j FY 2017 ~ Actual vs.
Revised Budget' ACTUAL Revised Budget Revised Budget ACTUAL 'Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 72,975,332 73,016,569 41,237 69,632,759 70,207,984 575,225
STATE AID 8,988,466 8,975,111 (13,355) 8,052,320 8,223,481 171,161
LOCAL RECEIPTS 6,468,816 8,344,719 1,875,903 6,263,040 7,718,943 1,455,903
TRANSFERS FROM OTHER FUNDS 2,490,524 2,680,855 190,332 2,248,003 2,405,385 157,382
TAX TITLE /FORECLOSURE REVENUE 0 297,266 297,266 0 172,988 172,988
TOTAL REVENUES 90,923,138 93,314,521 2,391,383 86,196,122 88,728,781 2,532,659
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 40,221,559 40,221,559 - 38,509,724 38,498,641 11,083
M UNICIPAL EXPENSES 20,269,076 19,888,601 380,476 19,039,901 18,864,107 175,794
FIXED COSTS 28,160,270 27,903,049 257,221 26,892,873 26,625,136 267,737
TOTAL OPERATING EXPENSES 88,650,905 88,013,208 637,697 84,442,498 83,987,884 ' 454,614
CASH CAPITAL EXPENDITURES 2,000,000 1,974,820 25,180 2,599,000 2,584,397 14,603
TRANSFERS TO STABILIZATION FUNDS 600,000 600,000 - 500,000 500,000 ~ -
SPECIAL APPROPRIATIONS 1,173,042 1,173,042 - 194,265 194,265 -
STATE &COUNTY CHARGES 1,057,233 1,015,303 41,930 ' 1,002,359- 995,573 6,786
TOTAL EXPENDITURES 93,481,180 92,776,373 704,807 88,738,122 88,262,119 476,003
OPERATING SURPLUS/(DEFICIT)-GENERAL FUND (2,558,042) 538,148 3,096,190 (2,542,000) 466,662 3,008,662Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2018 FY 2018 FY 2018 % OF FY 2017 FY 2018 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2017 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $~ VARIANCE %VARIANCE
O1-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 4,500,000 4,500,000 4,551,198 101.1 4,267,036 284,162 6.7
10012 REAL ESTATE TAXES 68,573,334 68,475,33? 68,465,371 100.0 3.8
TOTAL: O1-PROPERTY TAXES 73,073,334 72,975,332 73,016,569 100.1 70,207,984 2,808,585 4.0
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,850,000 3,850,000 4,703,198 122.2 4,505,384 197,814 4.4
10016 OTHER EXCISE-HOTEL/MEALS TAX 550,000 550,000 603,821 109.8 593,076 10,745 1.8
10017 PENALTIES &INTEREST 300,000 300,000 364,795 121.6 314,625 50,171 15.9
10018 PAYMENTS IN LIEU OF TAXES 236,816 236,816 236,816 100.0 231,040 5,776 2.5
10032 FEES 150,000 150,000 150,461 100.3 159,459 (8,998) (5.6)
10036 RENTALS 200,000 200,000 200,528 100.3 185,417 15,111 8.1
10037 OTHER DEPARTMENT REVENUE 77,000 77,000 122,644 159.3 105,876 16,768 15.8
10041 ALCOHOL LICENSES 70,000 70;000 85,525 122.2 81,300 4,225 5.2
10042 OTHER LICENSES 80,000 80,000 84,858 106.1 76,440 8,418 1 1.0
10045 PERMITS 650,000 650,000 1,064,773 163.8 984,377 80,395 8.2
10077 FINES AND FORFEITS 100,000 100,000 114,905 114.9 92,821 22,084 23.8
10082 EARNINGS ON INVESTMENTS 80,000 80,000 265,773 332.2 127,091 138,682 109.1
10084 OTHER MISC. REVENUE 25,000 ?5,000 91,099 364.4 60,896 30,203 49.6
10085 REIMBURSEMENTS 100,000 100,000 255,523 255.5 30.7
TOTAL: 02-LOCAL RECEIPTS 6,468,816 6,468,816 8,344,719 129.0 8.1
lUU6Z EDUCATION DIST & REIMB. 6,385,349 6,525,760 6,513,649 99.8 5,830,315 683,334 11.7
10066 GEN GVMT REIMB & DISTRIB 2,482,731 2,462,706 2,461,462 99.9 2,393,166 68,296 2.9
TOTAL: 03-STATE AID 8,868,080 8,988,466 8,975,111 99.9 8,223,481 751,630 9.1
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,340,524 2,490,524 2,680,855 107.6 2,405,385 275,470 11.5
W:~1Vlunis\MCR Library~Budget reports\Canton Revenue Report.rpt Page 1 of2 8/10/2018Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2018 FY 2018 FY 2018 % OF FY 2017 FY 2018 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2017 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,405,385 275,470 11.5
OS-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 4 0 297,266 0.0 172,988 124,279 71.8
TOTAL: OS-TAX LIENS/FORECLOSURES 0 0 297,266 0.0 172,988 124,279 ~ l.g
GRAND TOTAL 90,750,754 90,923,138 93,314,521 102.6 88,728,781 4,585,740 5.2
W:\Munis~lVICR Library~Budget reports\Canton Revenue Report.rpt Page 2 of2 8/10/2018Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2017 - 2018
FISCAL YEAR 2017
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING "/o OF REVISED EXPENDED °/n OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 18 FY18 June 30 FY 18 ENCUM. YTD FY 18 FY 18 FY 18
129 EXECUTIVE OFFICE 464,449 488,325 463,108 94.8 463,348 94.9 24,977 5.1 465,991 454,017 97.4
151 TOWN COUNSEL 260,300 260,300 247,664 95.1 251,420 96.6 8,880 3.4 272,910 280,879 102.9
154 HUMAN RESOURCES DEPT 151,122 154,672 154,274 99.7 157,824 102.0 (3,152) (2.0) 147,083 127,511 86.7
179 PLANNING DEPARTMENT 69,520 69,520 52,269 752 52,269 752 17,251 24.8 68,540 69,755 1 01.8
195 TOWN REPORTS 4,500 4,500 1,777 39.5 1,777 39.5 2,723 60.5 4,500 1,703 37.8
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
910 EMPLOYEE CONTRACT BENEFIT 140,712 140,712 128,319 91.2 128,319 912 12,393 8.8 133,543 132,003 98.8
1,098,103 1,125,529 1,054,162 n ~ -~ ,.~, -,,, 94.3 63,821 1,100,067
TOTAL O1-Executive Branch 5.7 1,072,619
133 DIRECTOR OF FINANCE 192,170 192,170 191,563 99.7 191,563 99.7 607 0.3 189,212 186,322 98.5
135 ACCOUNTANT 208,669 210,614 212,603 1 00.9 212,603 100.9 (1,989) (0.9) 202,614 199,166 98.3
145 TREASURER/TAX COLLECTOR 211,280 212,791 198,741 93.4 198,741 93.4 14,050 6.6 207,639 192,961 92.9
155 INFORMATION SYSTEMS 409,666 495,555 414,949 83.7 495,535 100.0 20 0.0 474,916 402,416 84.7
1,021,785 1,111,130 1,017,856 r~i r i nno n~~
98.9 12,688 1. 1 1,074,381 „~,. ~,~
TOTAL 02-Finance Dept
176 ZONING BOARD 35,858 40,706 23,705 X8.2 23,705 582 17,001 41.8 39,386 29,906 75.9
241 BUILDING DEPARTMENT 333,387 346,885 317,360 91 S '2'J~ RZQ 942 20,046 SR 326,982 298,998 91 4
TOTAL 03-Building &Zoning 369,245 387,591 341,065 oo.v 350,544 90.4 37,047 7.0 366,368 328,904 07.0
215 911 DISPATCHERS -FIRE 225,000 250,608 250,583 100.0 250,583 100.0 26 0.0 150,000 86,566 X7.7
220 FIRE DEPARTMENT 5,017,286 5,418,209 5,270,961 97.3 5,275,995 97.4 142,214 2.6 4,925,170 4,923,433 1 00.0
221 FIRE ALARMS,BOXES,ETC 22,975 22,975 15,231 66.3 15,231 663 7,744 33.7 22,975 13,699 59.6
231 AMBULANCE SERVICE 410,770 414,066 505,083 122.0 508,380 122.8 (94,313) (22.8) 387,479 380,998 98.3
232 UNMANNED AMBULANCE 1,000 1,000 2,200 220.0 2,200 220.0 (1,200) (120.0) 1,000 0 0.0
291 EMERGENCY MANAGEMENT 24,000 24,000 20,233 84.3 21,271 88.6 2,729 1 1.4 27,388 23,829 87.0
nn n r n~~ ~cn nn n
TOTAL 06-Fire Dept 5,701,031 6,130,859 6,064,291 99.1 57,199 0.9 5,514,012 5,428,525
192 PUBLIC BLDGS/PROP MAINT 539,077 545,114 520,034 95.4 536,563 98.4 8,551 1.6 421,050 405,615 96.3
193 POLICE STATION MAINT. 0 60 60 100.0 60 100.0 0 0.0 23,807 33,147 1 39.2
194 PUBLIC SAFETY FACILITY 0 0 0 0.0 0 0.0 0 0.0 1 1,140 10,849 97.4
199 ARMANDO RECREATION FACILITY 0 0 0 0.0 0 0.0 0 0.0 8,853 6,331 71.5
W:~Ivlunis~lVICR Library~Budget reports\Canton Expense Report.rpt Page 1 of 4 Date: 8/10/2018Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2017 - 2018
FISCAL YEAR 2017
ORIGINAL REVISED EXPENDED YTD °/a OF TOTAL "/o OF REMAINING °/a OF REVISED EXPENDED % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 18 FY18 June 30 FY 18 ENCUM. YTD FY 18 FY 18 FY 18
400 PUBLIC WORKS ADMINISTRATI 332,790 334,678 338,814 101.2 338,814 1012 (4,136) (1.2) 327,556 329,799 100.7
410 ENGINEERING DEPARTMENT 237,661 237,981 238,221 100.1 242,353 101.8 (4,372) (1.8) 229,269 221,255 96.5
420 HIGHWAY MAINTENANCE 959,138 976,734 1,021,637 104.6 1,042,439 106.7 (65,704) (6.7) 960,669 924,849 96.3
421 SIDEWALKS 0 0 0 0.0 0. 0.0 0 0.0 0 0 0.0
425 STREET SIGNS &TRAFFIC 51,700 75,230 38,104 50.7 41,682 55.4 33,548 44.6 55,121 82,563 149.8
426 GAS &OIL FUND 86,190 87,190 48,566 55.7 48,566 55.7 38,624 443 87,190 39,871 45.7
427 HIGHWAY EQUIPMENT MAINT 295,864 307,351 315,530 102.7 337,343 109.8 (29,992) ~9-8) 327,652 345,740 105.5
491 CEMETERY MAINT 174,387 176,930 168,235 95.1 170,482 96.4 6,448 3.6 179,780 107,823 60.0
492 TREE DEPARTMENT 164,060 166,822 149,164 89.4 149,164 89.4 17,658 10.6 167,500 161,910 96.7
493 TREE WARDEN &SHADE TREES 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
632 PEQUITSIDE FARM 30,000 30,027 28,322 94.3 30,213 100.6 (186) (0.6) 33,503 39,474 1 17.8
TOTAL 07-Public Works 2,870,867 2,938,118 2,866,687 97.6 2,937,680 100.0 438 0.0 2,833,091 2,709,227 95.6
542 YOUTH SERVICES 5,000 5,000 4,983 99.7 4,983 99.7 17 03 5,000 4,800 96.0
630 PARKS &RECREATION 710,125 717,200 653,741 912 655,432 91.4 61,768 8.6 673,103 657,943 97.7
TOTAL 08-Recreation & Playgr 715,125 722,200 658,725 912 660,415 91.4 61,785 8.6 678,103 ~~~ ~~ n~ ~
210 POLICE DEPARTMENT 4,847,546 4,891,373 4,849,079 99.1 4,898,441 100.1 (7,068) (0.1) 4,763,319 4,722,765 99.1
292 ANIMAL CONTROL OFFICER 128,248 128,248 114,553 89.3 114,553 89.3 13,695 1 0.7 124,981 99,564 79.7
4,975,794 5,019,621 4,963,632 98.9 5,012,995 n i 4,888,300 4,822,329
TOTAL 09-Police &Animal Ctrl 99.9 6,627 98.7
131 FINANCE COMMITTEE 11,500 13,017 13,017 100.0 13,017 100.0 0 0.0 1 1,500 9,608 83.5
149 WATER/SEWER RATE POLICY 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 1,000 100.0
182 CAPITAL OUTLAY &PLANNING 2,556 2,556 277 10.8 277 10.8 2,279 89.2 2,556 340 13.3
184 BUILDINGS RENOVATIONS COM 1,600 1,600 0 0.0 0 0.0 1,600 l 00.0 1,600 0 0.0
545 SUBSTANCE ABUSE COMMITTEE 10,000 9,983 9,831 98.5 9,831 98.5 152 1.~ 10,000 8,226 82.3
547 DISABILITY COMMISSION 2,565 2,565 0 0.0 0 0.0 2,565 1 00.0 2,565 0 0.0
691 HISTORICAL COMMISSION 3,669 3,669 943 2~.7 943 25.7 2,726 74.3 3,669 1,950 53.1
692 BEAUTIFICATION COMMITTEE 1,378 1,378 0 0.0 0 0.0 1,378 ~ nn n 1,378 n 0.0
TOTAL 10-Committees & Commissia 34,268 35,768 24,068 67.3 24,068 67.3 11,700 34,268 L 1,1L4 61.6
W:~1Vlunis~IvICR Library~Budget reports\Canton Expense Report.rpt Page 2 of4 Date: S/10/2018Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2017 - 2018
FISCAL YEAR 2017
ORIGINAL REVISED EXPENDED YTD °/~ OF TOTAL % OF REMAINING % OF REVISED EXPENDED '% OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 18 FY13 June 30 FY 18 ENCUM. YTD FY 18 FY 18 FY 18
161 TOWN CLERK 205,400 206,142 196,350 95.2 196,350 95.2 9,792 4.8 189,640 192,239 101.4
163 ELECTIONS ®ISTRAR'S 32,150 32,150 37,019 115.1 37,019 115.] (4,869) (15.1) cn won 94.1
63,562
TOTAL 11-Town Clerk &Elected 237,550 238,292 233,369 97.9 233,369 97.9 4,923 2.1 253,202 99.5
141 ASSESSORS 356,791 358,942 301,612 84.0 354,112 98.7 4,830 1.3 324,584 322,125 99.2
171 CONSERVATION COMMISSION 140,734 140,734 128,440 91.3 129,070 91.7 1 1,664 8.3 138,831 128,731 92.7
175 PLANNING BOARD 63,900 67,587 63,266 93.6 66,037 97.7 1,550 2.3 66,163 62,433 94.4
1 98 UNPAID BILLS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
510 HEALTH DEPARTMENT 373,622 373,622 334,471 89.5 334,471 89.5 39,151 10.E 366,297 355,448 97.0
541 COUNCIL ON AGING 395,416 397,207 381,610 96.1 382,801 96.4 14,406 3.6 372,431 370,590 99.5
543 VETERANS SERVICES DEPARTMENT 292,909 292,909 250,964 85.7 250,964 85.7 41,945 14.3 283,703 265,584 93.6
546 WALK,BIKE &HIKE COMMITTEE 1,000 1,000 0 0.0 0 0.0 1,000 100.0 0 0 0.0
610 LIBRARY 1,270,936 1,296,802 1,267,648 97.8 1,287,101 99.3 9,701 0.7 1,240,897 1,206,797 97.3
650 PARKS DEPARTMENT 0 0 0 0.0 0 0.0 0 0.0 0 n n
0
TOTAL 12-Stand Alone 2,895,308 2,928,803 2,728,01 1 93.1 2,804,555 95.8 124,248 4.2 2,71 1,706
TOTAL O1-MUNICIPAL 19,919,076 20,637,910 19,91,866 96.7 20,257,434 98.2 380,476 1.8 97.2
710 PRINCIPAL PAYMENTS 3,814,933 3,814,933 3,797,933 99.6 3,797,933 99.6 17,000 0.4 3,907,851 3,931,851 l 00.6
751 LONG-TERM INTEREST PAYMENTS 762,670 762,670 952,700 124.9 952,700 124.9 (190,030) (24.9) 876,355 888,356 101.4
752 SHORT-TERM INTEREST PAYMENTS 209,000 209,000 11,273 5.4 1 1,273 ~.4 197,727 94.6 n ~ inn 48.2
99,000
TOTAL 12-Debt Service 4,786,603 4,786,603 4,761,906 99.5 4,761,906 99.5 24,697 0.5 4,883,206 99.7
132 RESERVE FUND X00,000 0 0 0.0 0 0.0 0 0.0 219,950 0 0.0
422 STREET LIGHTING 95,000 101,401 88,745 87.5 99,71 1 98.3 1,690 1.7 130,620 122,713 93.9
423 SNOW &ICE REMOVAL 600,500 775,500 774,115 99.8 774,115 99.8 1,385 02 765,267 764,864 99.9
433 TRASH COLLECTION 1,961,119 1,961,119 1,895,014 96.6 1,942,789 99.1 18,330 0.9 1,860,240 1,858,338 99.9
840 BLUE HILLS REGIONAL 1,164,066 1,164,066 1,160,586 99.7 1,160,586 99.7 3,480 0.3 1,191,629 1,180,767 99.1
841 NORFOLK COUNTY AGRICULTR HS 20,000 20,000 14,696 73.5 14,696 73.5 5,304 26.5 13,727 13,727 100.0
911 RETIREMENT BENEFITS 4,799,947 4,799,947 4,799,914 100.0 4,799,914 100.0 33 0.0 4,397,322 4,397,289 100.0
913 UNEMPLOYMENT COMPENSATION 100,000 100,000 100,000 100.0 100,000 100.0 0 0.0 100,000 100,000 100.0
W:~1Vlunis~lVICR Library~Budget reports\Canton Expense Report.rpt Page 3 of4 Date: 8/l 0/20I 8Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2017- 2018
FISCAL YEAR 2017
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED '%~ OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 18 FY18 June 30 FY 18 ENCUM. YTD FY 18 FY 18 FY 18
914 EMPLOYER SHARE-HEALTH INS 12,082,117 12,200,467 12,133,261 99.4 12,133,261 99.4 67,206 0.6 11,418,764 11,409,681 99.9
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 59,994 100.0 59,994 100.0 6 0.0 60,000 59,640 99.4
946 TOWN INSURANCE 1,205,918 1,215,918 1,076,813 88.6 1,080,828 88.9 135,090 11.1 1,084,985 1,058,297 97.5
990 TRANSFERS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
993 OPEB TRANSFER 1,000,000 1,000,000 1,000,000 100.0 1,000,000 100.0 0 0.0 770,000 770,000 100.0
TOTAL 15-Misc. Fired 23,588,667 23,398,418 23,103,137 98.7 23,165,894 99.0 232,524 1.0 22,012,504 21,735,315 98.7
TOTAL 02-FIXED EXPENSES 28,375,270 28,185,021 27,865,043 98.9 27,927,800 99.1 257,221 0.9 26,895,710 26,603,222 98.9
300 SCHOOL DEPARTMENT 40,221,559 42,867,439 40,069,659 93.5 42,867,439 100.0 0 0.0 40,779,506 38,122,544 93.5
TOTAL 17-School Admin 40,221,559 42,867,439 40,069,659 93.5 42,867,439 100.0 0 0.0 40,779,506 38,122,544 93.5
TOTAL 03-SCHOOL 40,221,559 42,867,439 40,069,659 93.i 42,867,439 100.0 0 0.0 40,779,506 38,122,544 93.5
820 CHERRY SHEET ASSESSMENTS 825,840 848,224 806,294 9~.] 806,294 95.1 41,930 4.9 795,736 788,950 99.1
830 COiJNTY TAX-CHERRY SHEET 209,009 209,009 209,009 100.0 209,009 100.0 0 0.0 206,623 206,623 100.0
TOTAL 19-State &County Chgs 1,034,849 1,057,233 1,015,303 96.0 1,015,303 96.0 41,930 4.0 1,002,359 995,.573 99.3
TOTAL OS-STATE &COUNTY CHGS 1,034,849 1,057,233 1,015,303 96.0 1,015,303 96.0 41,930 4.0 1,002,359 995,573 99.3
GRAND TOTALS: 89,550,754 92,747,602 88,901,871 95.9 92,067,97 99.3 679,627 0.7 88,212,273 84,711,409 96.0
W:~Ivlunis~IvICR Library~Budget reports\Canton Expense Report.rpt Pale 4 of 4 Date: 8/10/2013Source page 10
TOWN OF CANTON, MASSACHUSETTS
Combined Balance Sheet -All Fund Types and Account Groups
as of June 30, 2018 (Unaudited)
Fiduciary Account
Governmental Fund Types Proprietary Fund Types Fund Types Groups Totals
General Special Capital Enterprise Internal Trust and Long-term (Memorandum
Fund Revenue Projects Funds Services Agency Debt Only)
ASSETS
Cash and cash equivalents 17,524,967.73 10,363,383.82 1,499,238.86 9,457,934.38 6,585,578.16 15,295,761.68 - 60,726,864.63
Receivables:
Personal property taxes 52,952.84 - - - - - - 52,952.84
Real estate taxes 307,922.11 - - - - - - 307,922.11
Special assessments - - - 522,274.76 - - - 522,274.76
Tax liens 787,742.38 3,382.05 - 51,376.39 - - - 842,500.82
Tax foreclosures 523,968.40 - - - - - - 523,968.40
Motor vehicle excise 661,321.61 - - - - - - 661,321.61
Utility Charges - - - 448,217.76 - - - 448,217.76
Departmental - 690,792.51 - 19,710.00 - - - 710,502.51
Due from other governments 1,437,462.00 - - - - - - 1,437,462.00
Prepaids 15,376.09 - - - 103,762.62 - - 119,138.71
Amounts to be provided -payment of bonds - - - 24,415,126.00 - - 25,114,243.00 ~ 49,529,369.00
Total Assets 21,311,713.16 11,057,558.38 1,499,238.86 34,914,639.29 6,689,340.78 15,295,761.68 I 25,114,243.00 i 115,882,495.15
LIABILITIES AND FUND EQUITY
Liabilities:
Deferred revenue
Real and personal property taxes (4,814,802.93) - - - - - - (4,814,802.93)
Special assessments - - - 522,275.24 - - - 522,275.24
Tax liens 787,742.38 3,382.05 - 51,376.39 - - - 842,500.82
Tax foreclosures 523,968.40 - - - - - - 523,968.40
Motor vehicle excise 661,321.61 - - - - - - 661,321.61
Utility Charges - - - 448,217.76 - - - 448,217.76
Departmental - 690,792.51 - 19,710.00 - - - 710,502.51
Deposits receivable - - - - 61,800.00 - - 61,800.00
Due from other governments 1,437,462.00 - - - - - - 1,437,462.00
Allowance for abatements and exemptions 5,175,677.88 - - - - - - 5,175,677.88
Accounts payable 1,334,849.26 178,484.85 - 112,352.31 147,43429 22,269.91 - 1,795,390.62
Accrued payroll and withholdings 988,480.33 62,856.02 - 19,764.55 5,134.48 897.38 - 1,077,132.76
Other liabilities 39,489.38 5,100.00 - 8,596.82 - 1,267,855.29 - 1,321,041.49
IBNR - - - - 878,641.00 - - 878,641.00
Bonds payable - - - 24,415,126.00 - - 25,114,243.00 49,529,369.00
Total Liabilities 6,134,188.31 940,615.43 - 25,597,419.07 1,093,009.77 1,291,022.58 25,114,243.00 60,170,498.16
Fund Equity:
Reserved for encumbrances 4,192,550.77 - - 1,071,944.60 - - - 5.,264,495.37
Reserved for expenditures 1,154,000.00 - - 585,430.00 - - - 1,739,430.00
Reserved for continuing appropriations - - 1,499,238.86 3,943,634.32 - - - 5,442,873.18
Reserved for petty cash 200.00 - - 50.00 - - - 250.00
Reserved fund balance 15,918.00 - - - - - - 15,918.00
U ndesignated fund balance 9,814,856.08 10,116,942.95 - - 5,596,331.01 14,004,739.10 - 39,532,869.14
U nreserved retained earnings - - - 3,716,161.30 - - - 3,716,161.30
Total Fund Equity 15,177,524.85 10,116,942.95 1,499,238.86 9,317,220.22 5,596,331.01 14,004,739.10 ~ - 55,711,996.99
Total Liabilities and Fund Equity 21,311,713.16 11,057,558.38 1,499,238.86 34,914,639.29 6,689,340.78 15,295,761.68 ' 25,114,243.00 115,882,495.15
Fy 18 balance sheets.xlsx Combined Balance Sheet 8/13/2018