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General Fund 2016 Year End Reports (PDF)
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Source page 1
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4II'il..~ll~ll,~1~~'-- ~ DEPARTMENT OF FINANCE
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l ~__~a~leV~-•3 KATHLEEN D. BUTTERS
MEMORIAL HALL TOWN ACCOUNTANT
801 WASHINGTON STREET kbutters @town.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~~~n.canton.ma.us town.canton.ma.us ASST. TREASURER/COLLECTOR
(781)575-6612 sdesjardins@to~vn.canton.ma.us
(78l)821-5006
MEMORANDUM
LOUIS M.JUTRAS
INFORMATION
TO: Board of Selectmen SYSTEMS MANAGER
ljutras@to~vn.canton.ma.us
,~
(781)821-5069
FROM: Jim Murgia, Finance Director , ~a ,~ ;,
DATE: August 15, 2016
SUBJECT: General Fund's Fiscal 2016 Operating Results
Having recently closed the books for fiscal 2016, 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, 2016
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for fiscal
2016. The budgeted deficit of $1,591,000 was due to free cash reserve used for the following
items:
Transfer to Stabilization Fund $600,000
LED Street Lights project 356,000
Local Chapter 90 match (streets &sidewalks) 250,000
Building Assessment Study 155,000
Recreation and Assessing budget supplements 100,000
Supplement OPEB trust fund 100,000
July 4th event (2016) 30,000
Total Free Cash Reserve Budgeted $1,591,000
Actual Revenues and Expenditures
Fiscal 2016 was an excellent year with revenues exceeding expenditures by over $2.2 million.
Compared to the budgeted deficit of $1.6 million this operating surplus was $3.8 million better
than expected.Source page 2
General F~r~~'~ ~o~cal 2016 Oper~ti~g Results
August 15, 2016
Page 2 of 2
The reasons for these results are as follows:
Local Receipts (excise taxes, building permits) $1,894,095
Property Tax Revenue (due to new growth) 1,048,685
Transfers from Other funds (Solar facility) 316,425
Tax Title/Foreclosure Revenue 147,456
State Aid 26,322
Total Surplus revenue 3,432,982
Unspent appropriations (mostly fixed costs and municipal budgets) 410,140
Total $3,843,122
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2016 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 $4.0 million as of June
30, 2016. 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 2016, the Town's cash reserves have
grown to an estimated $14.6 million as follows:
Stabilization Fund $6,314,973
Free Cash Reserve 4,000,000
Overlay Reserve 4,292,552
Total X14,607,525
These reserves amount to 16.7% of fiscal 2017's budget. In order to maintain our AAA bond
rating we target our reserves to be 10% to 15% of budget so we have more than achieved that
goal in fiscal 2016.
hope you will find this information to be useful. If you have any questions or commenfis, please
let me know.
J RM/ej
Attachments
cc: Charles Aspinwall, Town Administrator
John Bonnanzio, Chair, School Committee
Kathy Butters, Town Accountant
Jennifer Fischer-Mueller, Superintendent of Schools
Barry Nectow, School Business Administrator
Barbara Saint Andre, Chair, Finance CommitteeSource page 3
SUMMARY OF REVENUES AND EXPENDITURES
FY 2016 FY 2016 Actuals vs.
Revised Budget Actuals Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 66,219,139 67,267,824 1,048,685
STATE AID 7,865,547 7,891,869 26,322
LOCAL RECEIPTS 5,907,405 7,801,500 1,894,095
TRANSFERS FROM OTHER FUNDS 2,933,119 3,249,544 316,425
TAX TITLE / FORECLOSURE REVENUE 0 147,456 147,456
TOTAL REVENUES 82,925,210 86,358,192 3,432,982
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 36,259,994 36,259,290 704
MUNICIPAL EXPENSES 18,264,726 18,136,889 127,837
FIXED COSTS 26,112,514 25,878,984 233,530
TOTAL OPERATING EXPENSES 80,637,234 80,275,163 362,071
CASH CAPITAL EXPENDITURES 2,142,000 2,120,500 21,500
TRANSFERS TO STABILIZATION FUNDS 600,000 600,000 0
SPECIAL APPROPRIATIONS 185,000 183,069 1,931
STATE & COUNTY CHARGES 951,976 927,338 24,638
TOTAL EXPENDITURES 84,516,210 84,106,070 410,140
OPERATING SURPLUS/(DEFICIT) - GENERAL FUND (1,591,000) 2,252,122 3,843,122Source page 4
TOWN OF CANTON,MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2016 FY 2016 FY 2016 % OF FY 2015 FY 2016 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2015 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE %VARIANCE
O1-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 4,000,G00 4,000,000 4,021,385 165,353 4.
4,186,737 104.7
10012 REAL ESTATE TAXES 62,219,?39 62,219,139 63,081,087 59,566,079 3,515,008 5.9
l 0].4
TOTAL: O1-PROPERTY TAXES 66,219,139 66,219,139 67,267,824 101.6 63,587,464 3,680,360 5.8
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,250,000 3,250,000 4,555,904 140.2 4,119,643 436,261 10.6
10016 OTHER EXCISE-HOTEL/MEALS TAX 650,000 650,000 601,227 92.5 581,621 19,606 3.4
10017 PENALTIES &INTEREST 300,000 300,000 254,164 84.7 310,740 (56,576) (18.2)
10018 PAYMENTS IN LIEU OF TAXES ??5,405 225,405 225,405 100.0 222,149 3,255 1.5
10032 FEES 1 50,000 150,000 199,823 1332 160,361 39,462 24.6
10036 RENTALS ?00,000 200,000 193,689 96.8 247,420 (53,731) (21.7)
10037 OTHER DEPARTMENT REVENUE 77,000 77,000 144,641 187.8 124,390 20,251 16.3
10041 ALCOHOL LICENSES 70,000 70,000 77,035 1 10.1 79,970 (2,935) (;.7)
10042 OTHER LICENSES 80,000 80,000 84,019 105.0 86,466 (2,447) (2.8)
10045 PERMITS 600,000 600,000 874,017 145.7 1,116,006 (241,989) (21.7)
10077 FINES AND FORFEITS 100,000 100,000 119,540 l l 9.5 1 13,467 6,074 5.4
10082 EARNINGS ON INVESTMENTS 80,000 80,000 96,625 120.8 81,755 14,870 18.2
10084 OTHER MISC_ REVENUE 25,000 25,000 113,864 45.5 71,969 41,895 58.2
10085 REIMBURSEMENTS 100,000 100,000 261,549 ?6].5 404,982 (143,433) (35.4)
TOTAL: 02-LOCAL RECEIPTS 5,907,405 5,907,405 7,801,500 l 32. 7,720,938 80,561 1.0
03-STATE AID
10062 EDUCATION DIST & REIMB. 5,561,718 5,561,718 5,586,943 100.5 5,399,559 187,384 3.5
10066 GEN GVMT REIMB & DISTRIB 2,303,829 2,303,829 2,304,926 100.0 2,153,955 ]50,971 7.0
TOTAL: 03-STATE AID 7,865,547 7,865,547 7,891,869 100.3 7,553,514 338,355 4.5
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,583,119 2,933,119 3,249,544 l ]0.8 2,800,641 448,903 16.0
W:~1Vlunis~lVICR Library\Budget reports\Canton Revenue Report.rpt Page l of 2 8/8/20]6Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2016 FY 2016 FY 2016 % OF I FY 2015 FY 2016 YTD ACTUAL vs.
YTD FY 2015 YTD ACTUAL
ACTUAL ~$ VARIANCE %VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,583,119 2,933,119 3,249,544 110.8 2,800,641 448,903 16.0
OS-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 147,456 0.0 351,721 (204,266) (58.1)
TOTAL: OS-TAX LIENS/FORECLOSURES 0 0 147,456 0.0 351,721 (204,266) (58.1)
GRAND TOTAL 82,575.210 82,925.210 86.358.192 104.1 'I 82,014,278 4 ~4; 914 5.3
W:\Munis\MCR Library\Budget reports\Canton Revenue Report.rpt Pale 2 of2 8/8/2016Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2015 - 2016 FISCAL YEAR 2015
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 16 FY16 June 30 FY 16 ENCUM.1'TD FY 16 FY 16 FY 16
129 EXECUTIVE OFFICE 458,666 465,528 446,400 95.9 447,150 96.1 18,378 3.9 454,931 440,876 96.9
l 51 TOWN COUNSEL 255,585 255,585 269,548 105.5 286,873 1122 (31,288) (122) 339,085 453,207 ]33.7
1 54 HUMAN RESOURCES DEPT 120,971 123,269 122,420 993 122,825 99.6 444 0.4 1 16,561 104,731 89.9
179 PLANNING DEPARTMENT 58,705 59,713 42,730 71.6 42,730 71.6 16,983 28.4 55,320 26,470 47.8
195 TOWN REPORTS 5,500 5,500 1,442 262 1,442 262 4,058 73.8 5,500 3,259 59.2
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 425,187 248,936 168,896 67.8 244,685 98.3 4,251 1.7 173,147 129,356 74.7
TOTAL O1-Executive Branch 1,332,1 14 1,166,031 1,058,185 90.8 1,152,454 98.8 13,577 1.2 1,164,650 101.1
133 DIRECTOR OF FINANCE 1 75,153 178,530 180,688 101.2 180,688 1012 (2,158) (12) 170,674 174,341 102.1
135 ACCOUNTANT 197,693 199,530 194,016 972 ]94,016 972 5,514 2.8 193,124 189,667 982
145 TREASURER/TAX COLLECTOR 201,503 202,780 177,346 87.5 ]77,346 87.5 25,434 12.5 200,226 195,551 97.7
155 INFORMATION SYSTEMS 360,727 433,609 360,640 832 442,979 102.2 (9,370) (22) 425,170 357,823 84.2
TOTAL 02-Finance Dept 935,076 1,014,449 912,690 90.0 995,029 98.1 19,420 1.9 989,194 917,381 92.7
176 ZONING BOARD 36,079 36,579 27,526 752 30,016 82.1 6,563 17.9 35,996 32,090 89.1
241 BUILDING DEPARTMENT 306,691 311,379 292,451 93.9 292,951 94.1 18,428 5.9 305,628 297,460 97.3
TOTAL 03-Building &Zoning 342,770 347,958 319,977 92.0 322,967 92.8 24,991 72 341,624 329,550
220 FIRE DEPARTMENT 4,629,132 4,793,709 4,710,244 98.3 4,767,817 99.5 25,892 0.5 4,696,674 4,639,090 •::
221 FIRE ALARMS,BOXES,FTC 22,975 22,975 20,925 91 . 1 20,925 91.1 2,050 8.9 22,975 13,795 .1 1
231 AMBULANCE SERVICE 360,127 360,127 385,392 107.0 386,502 107.3 (26,375) (7.3) 353,643 363,652 1
232 UNMANNED AMBULANCE 1,000 1,000 1,000 100.0 1,000 ]00.0 0 0.0 1,000 2,335
291 EMERGENCY MANAGEMENT ]9,000 19,000 14,929 78.6 18,317 96.4 683 3.6 13,000 13,873 1.
TOTAL 06-Fire Dept 5,032,234 5,196,811 5,132,491 98.8 5,194,561 100.0 2,250 0.0 5,087,292 5,032,746 .;.
192 PUBLIC BLDGSlPROP MAINT 332,383 332,571 359,507 108.1 361,990 108.8 (29,419) (8.8) 331,056 311,605 94.1
193 POLICE STATION MAINT. 15,467 15,780 16,849 106.8 25,189 159.6 (9,410) (59.6) 16,042 15,303 95.4
194 PUBLIC SAFETY FACILITY 7,187 7,642 8,148 106.6 12,101 158.3 (4,459) (58.3) 8,077 9,992 123.7
199 ARMANDO RECREATION FACILITY 8,853 8,853 6,108 69.0 6,108 69.0 2,745 31.0 8,853 8,233 93.0
400 PUBLIC WORKS ADMINISTRATI 3 l 1,733 315,837 315,192 99.8 315,192 99.8 645 0.2 296,431 292,011 98.5
W:~IvlunisWlCR Library~Budget reports\Canton Expense Report - FY16.rpt Page 1 of4 Date: 8/8/2016Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2015 - 2016 FISCAL YEAR 2015
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 16 FY16 June 30 FY 16 ENCUM.YTD FY 16 FY 16 FY 16
410 ENGINEERING DEPARTMENT 195,596 199,107 202,620 ]01.8 202,620 101.8 (3,513] (1.8) 199,926 190,921 95.5
420 HIGHWAY MAINTENANCE 964,621 975,703 879,378 90.1 914,117 93.7 61,586 6.3 874,013 871,202 99.7
421 SIDEWALKS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
425 STREET SIGNS &TRAFFIC 51,700 52,557 51,130 97.3 54,551 103.8 (1,994) (3.8) 52,703 34,507 65.5
426 GAS &OIL FUND 96,190 96,190 43,532 45.3 44,532 46.3 51,658 53.7 96,190 54,294 56.4
427 HIGHWAY EQUIPMENT MAINT 270,905 291,099 334,498 1 14.9 374,183 128.5 (83,084) (28.5) 265,188 286,860 1082
491 CEMETERY MAINT 174,695 175,971 158,845 90.3 158,845 90.3 17,126 9.7 171,730 170,371 992
492 TREE DEPARTMENT 162,288 162,288 165,903 1 02.2 165,903 1022 (3,615) (2.2) 159,718 181,071 1 13.4
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 30,000 23,740 79.1 27,243 90.8 2,757 92 ~c m~ ~~ Qn4 l 07.3
TOTAL 07-Public Works 2,621,618 2,663,598 2,565,447 96.3 2,662,572 100.0 1,026 0.0 97.9
542 YOUTH SERVICES 3,667 3,667 3,667 100.0 3,667 100.0 0 0.0 3,667 90.7
630 PARKS &RECREATION 555,942 633,456 633,384 100.0 633,384 100.0 72 i nn i
0.0 521,995
TOTAL 08-Recreation & Playgr 559,609 637,123 637,051 100.0 637,051 100.0 72 0.0 525,662 .. .,,,...,
210 POLICE DEPARTMENT 4,336,107 4,392,207 4,309,532 98.1 4,414,577 100.5 (22,370) (0.5) 4,268,340 • 1 100.5
292 ANIMAL CONTROL OFFICER 1 15,532 116,520 92,595 79.5 92,595 79.5 23,925 20.5 125,763 66.8
TOTAL 09-Police &Animal Ctrl 4,451,639 4,508,727 4,402,127 97.6 4,507,172 100.0 1,555 0.0 4,394,103 99.6
131 FINANCE COMMITTEE 1 1,500 11,500 9,388 81.6 9,388 81.6 2,112 l 8.4 1 1,500 1 1,468 99.7
149 WATER/SEWER RATE POLICY 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 800 80.0
182 CAPITAL OUTLAY &PLANNING 2,556 2,556 13~ 5.3 135 5.3 2,421 94.7 556 145 26.0
184 BUILDINGS RENOVATIONS COM 3,381 3,381 1,305 38.6 1,305 38.6 2,076 61.4 3,381 431 12.7
547 DISABILITY COMMISSION 2,565 2,565 0 0.0 0 0.0 2,565 100.0 2,565 431 16.8
691 HISTORICAL COMMISSION 3,669 3,669 1.700 46.3 1,700 46.3 1,969 53.7 5,669 5,502 97.1
692 BEAUTIFICATION COMMITTEE 1,378 1,378 0 0.0 0 0.0 1,378 100.0 1,378 0 0.0
TOTAL 10-Committees & Commissia 26,049 26,049 12,528 48.1 12,528 48.1 13,521 51.9 26,049 18,777 72.1
161 TOWN CLERK 183,511 184,647 183,825 99.6 183,825 99.6 822 0.4 18],683 11
163 ELECTIONS ®ISTRAR'S 39,527 39,527 40,246 ]01.8 40,246 101.8 (719) (1.8) 57,343 •• 1
W:uvlunis\MCR Library~Budget reports\Canton Expense Report - FY 16.rpt Page 2 of4
Date: 8/8/2016Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2015 - 2016 FISCAL YEAR 2015
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 16 FY16 June 30 FY 16 ENCUM.1'TD FY 16 FY 16 FY 16
TOTAL 11-Town Clerk &Elected 223,038 224,174 224,071 100.0 224,071 100.0 103 0.0 239,026 r ~ 111
141 ASSESSORS 277,908 312,520 284,397 91.0 309,397 99.0 3,123 1.0 273,927 265,789 97.0
171 CONSERVATION COMMISSION 125,688 127,971 121,461 94.9 122,023 95.4 5,948 4.6 88,406 87,950 99.5
175 PLANNING BOARD 61,096 63,1 17 52,845 83.7 55,877 88.5 7,239 11.5 58,731 54,920 93.5
198 UNPAID BILLS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
510 HEALTH DEPARTMENT 339,028 345,076 344,884 99.9 344,884 99.9 192 0.1 337,772 324,300 96.0
541 COUNCIL ON AGING 331,564 352,972 322,381 91.3 331,983 94.1 20,989 5.9 263,024 244,338 92.9
543 VETERANS SERVICES DEPARTMENT 261,342 278,498 277,648 99.7 277,648 99.7 850 0.3 260,123 257,346 98.9
610 LIBRARY 1,180,953 1,191,933 1,166,188 97.8 1,178,948 98.9 12,985 1.1 1,146,576 1,088,092 94.9
TOTAL 12-Stand Alone 2,577,579 2,672,086 2,569,804 96.2 2,620,762 98.1 51,324 1.9 2,428,559 2,322,736 95.6
TOTAL O1-MUNICIPAL 18,101,726 18,457,006 17,834,372 96.6 18,329,169 99.3 17,688,502 ~~ ~'
710 PRINCIPAL PAYMENTS 3,939,700 3,939,700 3,923,410 99.6 3,923,410 99.6 16,290 0.4 3,730,900 3,712,900 99.5
751 LONG-TERM INTEREST PAYMENTS 938,433 938,433 1,018,976 1 08.6 1,018,976 ]0~.6 (80,543) (8.6) 1,095,233 1,095,232 100.0
752 SHORT-TERM INTEREST PAYMENTS 113,000 113,000 4,406 3.9 4,406 3.9 i no cnn nc i
54,442 31,631 58.1
TOTAL 12-Debt Service 4,991,133 4,991,133 4,946,792 99.1 4,946,792 99.1 44,341 4,880,575 4,839,764 99.2
132 RESERVE FUND 500,000 142,000 0 0.0 0 0.0 142,000 100.0 102,500 0 0.0
422 STREET LIGHTING 140,000 144,900 141,082 97.4 141,652 97.8 3,248 2.2 143,074 98,290 68.7
423 SNOW &ICE REMOVAL 514,500 723,240 721,663 99.8 722.430 99.9 810 0.1 1,314,500 1,222,475 93.0
433 TRASH COLLECTION 1,762,000 1,814,860 1,814,787 100.0 1,814,787 100.0 74 0.0 1,673,875 1,655,589 98.9
840 BLUE HILLS REGIONAL 1,120,445 1,120,445 1,117,954 99.8 1,117,954 99.8 2,491 0.2 1,098,642 1,098,642 100.0
841 NORFOLK COUNTY AGRICULTR HS 10,000 10,000 9,340 93.4 9,340 93.4 660 6.6 10,000 7,472 74.7
911 RETIREMENT BENEFITS 4,024,357 4,024,357 3,994,324 99.3 3,994,324 99.3 30,033 0.7 3,604,434 3,595,847 99.8
913 UNEMPLOYMENT COMPENSATION 100,000 100,000 100,000 100.0 100,000 100.0 0 0.0 150,000 150,000 100.0
914 EMPLOYER SHARE-HEALTH INS 10,932,738 10,932,738 10,922,842 99.9 10,924,342 99.9 8,396 0.1 1 1,261,785 1 1,251,554 99.9
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 58,637 97.7 58,637 97.7 1,363 2.3 60,000 58,637 97.7
946 TOWN INSURANCE 985,341 1,024,916 1,024,801 100.0 1,024,801 100.0 1 14 0.0 935,341 855,621 91.5
990 TRANSFERS 0 350,000 350,000 100.0 350,000 100.0 0 0.0 0 0 0.0
W:WlunisWlCR Library~Budget reports\Canton Expense Report - FY16.rpt Page 3 of4 Date: 8/8/2016Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2015 - 2016 FISCAL YEAR 2015
ORIGINAL REVISED EXPENDED YTD % OF TQTAL % OF REMAINING °/n OF REVISED EXPENDED % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 16 FY16 June 30 FY 16 ENCUM. YTD FY 16 FY 16 FY 16 _
993 OPEB TRANSFER 750,000 750,000 750,000 100.0 750,000 100.0 0 0.0 551,000 551,000 100.0
TOTAL 15-Misc. Fixed 20,899,381 21,197,456 21,005,431 99.1 21,008,267 99.1 189,189 0.9 20,905,151 20,545,128 98.3
TOTAL 02-FIXED EXPENSES 25,890,514 26,188,589 25,952,223 99.1 25,955,059 99.1 233,530 0.9 25,785,726 25,384,892 98.4
300 SCHOOL DEPARTMENT 36,259,994 36,280,047 34,009,561 93.7 36,279,343 100.0 704 0.0 34,629,255 34,608,446 99.9
TOTAL 17-School Admin 36,259,994 36,280,047 34,009,561 93.7 36,279,343 100.0 704 0.0 34,629,255 34,608,446 99.9
TOTAL 03-SCHOOL 36,259,994 3(,280,047 34,009,161 93.7 36,279,343 100.0 704 0.0 34,629,255 34,608,446 99.9
820 CHERRY SHEET ASSESSMENTS 750,392 750,392 725,754 96.7 725,754 96.7 24,638 3.3 749,266 745,317 99.5
830 COUNTY TAX-CHERRY SHEET 201,584 201,584 201,584 100.0 201,584 100.0 0 0.0 199,266 199,266 100.0
TOTAL 19-State &County Chgs 951,976 951,976 927,338 97.4 927,338 97.4 24,638 2.6 948,532 944,583 99.6
TOTAL 05-STATE &COUNTY CHGS 951,976 951,976 927,338 97.4 927,338 97.E 2=x,638 2.G 948,532 944,583 99.6
GRAND TOTALS: 81,204,210 81,877,618 78,723,493 96.1 81,490,909 99.E 386,709 0.~ 79,052,015 78,316,618 99.1
W:Wlunis\MCR Library~Budget reports\Canton Expense Report - FY16.rpt Page 4 of 4
Date: 8/8/2016Source page 10
TOWN OF CANTON
-- - - -COMBINED
-- - BALANCE
- SHEET AS OF JUNE 30, 2016
- -
I i
#100 #101-#299 #300-#399 #600-#700 #801-#890 #970
GENERAL SPECIAL CAPITAL ENTERPRISE TRUSTS AND LONG-TERM TOTALS
FUND REVENUE PROJECTS FUNDS AGENCY ACCOUNT GROUP ALL FUNDS
ASSETS
CASH AND SHORT TERM INVESTMENTS 16,267,553.04 6,794,600.04 722,745.70 9,624,043.43 17,495,863.68 0.00 50,904,805.89
DEPARTMENTAL RECEIVABLES 0.00 541,194.53 0.00 0.00 0.00 0.00 541,194.53
EXCISE TAX RECEIVABLE 561,284.66 0.00 0.00 0.00 0.00 0.00 561,284.66
PERSONAL PROPERTY TAX RECEIVABLE 110,794.40 0.00 0.00 0.00 0.00 0.00 110,794.40
REAL ESTATE TAX RECEIVABLE 487,384.11 0.00 0.00 0.00 0.00 0.00 487,384.11
OTHER RECEIVABLES 2,361,310.93 0.00 0.00 19,710.00 0.00 0.00 2,381,020.93
TAX LIENS 767,705.96 2,312.21 0.00 30,150.16 0.00 0.00 800,168.33
USER CHARGES RECEIVABLE 0.00 0.00 0.00 476,425.53 0.00 0.00 476,425.53
UTILITY LIENS ADDED TO TAXES 0.00 0.00 0.00 601,865.21 0.00 0.00 601,865.21
AMOUNT PROVIDED FOR BONDS 0.00 0.00 0.00 27,289,825.00 0.00 25,616,026.00 52,905,851.00
OTHER ASSETS 7,651.10 1,707,714.92 0.00 0.00 122,920.69 0.00 1,838,286.71
TAX FORECLOSURES 492,782.62 0.00 0.00 0.00 0.00 0.00 492,782.62
CONSTRUCTION IN PROGRESS 0.00 0.00 1,991,478.33 0.00 0.00 0.00 1,991,478.33
TOTAL ASSETS 21,056,466.82 9,045,821.70 2,714,224.03 38,042,019.33 17,618,784.37 25,616,026.00 114,093,342.25
LIABILITIES
ACCOUNTS PAYABLE 1,322,312.56 241,889.66 165,470.18 505,793.02 186,201.40 0.00 2,421,666.82
ACCRUED PAYROLL 837,576.42 134,305.94 600.00 23,977.89 137.50 0.00 996,597.75
BONDS PAYABLE 0.00 0.00 0.00 27,289,825.00 0.00 25,616,026.00 52,905,851.00
DEFERRED REVENUES 488,710.74 543,506.74 0.00 1,128,151.25 0.00 0.00 2,160,368.73
NOTES PAYABLE 0.00 0.00 2,385,000.00 1,300,000.00 0.00 0.00 3,685,000.00
OTHER LIABILITIES 39,489.38 1,972.73 0.00 10,000.00 2,101,536.78 0.00 2,152,998.89
PROVISIONS FOR ABATEMENTS AND EXEMPTIONS 4,292,551.94 ! 0.00 0.00 0.00 0.00 0.00 4,292,551.94
WITHHOLDINGS PAYABLE 441,524.78 0.00 0.00 0.00 0.00 0.00 441,524.78
TOTAL LIABILITIES 7,422,165.82 921,675.07 2,551,070.18 ' 30,257,747.16 2,287,875.68 25,616,026.00 69,056,559.91
FUND EQUITY
RESERVE FOR ENCUMBRANCES 3,654,137.03 0.00 0.00 2,396,019.13 0.00 0.00 6,050,156.16
RESERVE FOR EXPENDITURES 1,332,000.00 0.00 0.00 612,000.00 0.00 0.00 1,944,000.00
RESERVE FOR PETTY CASH &OTHER ASSETS 200.00 0.00 0.00 50.00 0.00 0.00 250.00
RESERVE FOR GRANT DEFICITS (4,265.19) 0.00 0.00 0.00 0.00 ~ 0.00 (4,265.19)
RESERVE FOR UNSPENT CONSTRUCTION PROCEEDS 0.00 0.00 163,153.85 902,143.84 0.00 ' 0.00 1,065,297.69
UNRESERVED FUND BALANCE 8,652,229.16 8,124,146.63 ~ 0.00 3,874,059.20 ~ 15,330,908.69 0.00 35,981,343.68
TOTAL FUND EQUITY 13,634,301.00 8,124,146.63 163,153.85 7,784,272.17 15,330,908.69 0.00 45,036,782.34
TOTAL LIABILITIES AND FUND EQUITY 21,056,466.82 9,045,821.70 2,714,224.03 38,042,019.33 17,618,784.37 25,616,026.00 ~ 114,093,342.25
Fy 16 Balance Sheets.xls Combined Balance Sheets 8/12/2016