Canton, Massachusetts · Saved source text
2013 Comprehensive Annual Financial Report (PDF)
Saved text from 130 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 124
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Business-type
Governmental Activities Activities
General General Total Percentage Debt
Fiscal Obligation Capital Obligation Outstanding Personal of Personal U.S Census Per
Year Bonds (1) Leases Bonds (1) Debt Income Income Population Capita
2004 $ 53,554,131 $ - $ 8,337,936 $ 61,892,067 $ 824,109,000 7.51% 21,375 $ 2,896
2005 50,094,946 565,553 7,536,769 58,197,268 935,043,000 6.22% 21,475 2,710
2006 54,724,873 933,526 9,202,542 64,860,941 955,977,000 6.78% 21,536 3,012
2007 50,817,629 - 8,505,075 59,322,704 1,075,018,000 5.52% 21,772 2,725
2008 48,857,465 - 9,554,055 58,411,520 1,022,343,000 5.71% 21,916 2,665
2009 48,417,350 59,764 11,623,368 60,100,482 942,403,000 6.38% 22,048 2,726
2010 45,506,780 41,097 18,914,008 64,461,885 1,050,979,000 6.13% 21,732 2,966
2011 43,253,178 61,227 23,101,280 66,415,685 968,993,208 6.85% 20,097 3,305
2012 41,835,011 58,547 27,692,649 69,586,207 969,066,640 7.18% 20,159 3,452
2013 40,010,850 25,634 29,160,760 69,197,244 993,466,795 6.97% 20,708 3,342
Source: U. S. Census, State Division of Local Services
Town of Canton, Massachusetts Page 112 of 120 Comprehensive Annual Financial ReportSource page 125
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
General Less: Percentage Debt
Fiscal Obligation Amounts Assessed of Assessed U.S Census Per
Year Bonds (1) Available (2) Total Value Value Population Capita
2004 $ 61,892,067 $ (5,721,324) $ 56,170,743 $ 3,411,584,500 1.65% 21,375 $ 2,628
2005 57,631,715 (5,636,561) 51,995,154 3,606,842,800 1.44% 21,475 2,421
2006 63,927,415 (5,551,800) 58,375,615 3,863,200,980 1.51% 21,536 2,711
2007 59,322,704 (5,581,453) 53,741,251 4,208,933,320 1.28% 21,772 2,468
2008 58,411,520 (5,186,347) 53,225,173 4,130,149,680 1.29% 21,916 2,429
2009 60,040,718 (11,241,837) 48,798,881 4,173,596,550 1.17% 22,048 2,213
2010 64,420,788 (10,331,918) 54,088,870 3,989,630,980 1.36% 21,732 2,489
2011 66,354,458 (9,431,541) 56,922,917 3,974,669,080 1.43% 20,097 2,832
2012 69,527,660 (8,540,706) 60,986,954 3,954,593,860 1.54% 20,159 3,025
2013 69,171,610 (7,260,823) 61,910,787 3,971,663,460 1.56% 20,708 2,990
Source: U. S. Census, State Division of Local Services
(1) General obligation bonds consist of debt of both governmental and business-type activities, net of original issuance discounts and premiums.
(2) These are restricted resources from the Massachusetts School Building Authority for debt service on school construction.
Town of Canton, Massachusetts Page 113 of 120 Comprehensive Annual Financial ReportSource page 126
COMPUTATION OF LEGAL DEBT MARGIN
LAST TEN FISCAL YEARS
(Amounts in Thousands)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Equalized Valuation…………………………………..
$ 2,833,787 $ 3,542,564 $ 3,542,694 $ 4,384,335 $ 4,384,335 $ 4,487,450 $ 4,487,450 $ 4,386,215 $ 4,386,215 $ 4,131,231
Debt Limit…………………………..…………………. 141,689 177,128 177,135 219,217 219,217 224,372 224,372 219,311 219,311 206,562
Outstanding general obligation bonds………………. 61,892 57,632 63,927 59,323 58,412 60,041 64,421 66,354 69,528 69,172
Authorized and unissued debt…………………………. 13,776 9,372 13,167 29,146 26,237 26,434 18,071 18,405 9,305 10,144
Debt not applicable to debt limit………………………….
(11,658) (10,683) (12,189) (10,905) (11,810) (12,780) (15,481) (22,111) (28,735) (30,364)
Legal debt margin…………………………………………..
$ 77,679 $ 120,807 $ 112,230 $ 141,653 $ 146,378 $ 150,677 $ 157,361 $ 156,663 $ 169,213 $ 157,610
Total debt applicable to the limit
as a percentage of debt limit…………………………………..
45.18% 31.80% 36.64% 35.38% 33.23% 32.84% 29.87% 28.57% 22.84% 23.70%
Source: State Division of Local Services, Accounting Records
Town of Canton, Massachusetts Page 114 of 120 Comprehensive Annual Financial ReportSource page 127
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2013
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding Applicable Debt
Debt repaid with property taxes:
Massachusetts Bay Transportation Authority……………………………………………………………….
$ 5,375,685,000 (a) 0.50% (c) $ 26,878,425
Norfolk County…………………………………………………….. 12,860,000 (b) 3.68% (d) 473,248
Subtotal, overlapping debt………………………………………………………………………….. 27,351,673
Town direct debt……………………………………………………………. 40,036,484
Total direct and overlapping debt…………………………………………… $ 67,861,405
(a) Outstanding debt as of June 30, 2012.
(b) Outstanding debt as of March 15, 2013.
(c) Based on the Town's weighted percentage of total population as provided in the enabling act.
(d) Based on the Town's weighted percentage of total equalized valuation.
Source: Official Statements, Accounting Records
Town of Canton, Massachusetts Page 115 of 120 Comprehensive Annual Financial ReportSource page 128
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Per
Capita
Fiscal Population Personal Personal Median School Unemployment
Year Estimates Income Income Age Enrollment Rate
2004 21,375 $ 824,109,000 $ 38,555 39.8 3,020 4.40%
2005 21,475 935,043,000 43,541 39.8 3,060 3.90%
2006 21,536 955,977,000 44,390 39.8 3,112 4.10%
2007 21,772 1,075,018,000 49,376 39.8 3,131 3.70%
2008 21,916 1,022,343,000 46,648 39.8 3,103 4.50%
2009 22,048 942,403,000 42,743 39.8 3,137 7.10%
2010 21,732 1,050,979,000 48,361 42.3 3,172 7.90%
2011 20,097 968,993,208 48,216 42.3 3,267 7.20%
2012 20,159 969,066,640 48,071 42.3 3,298 5.80%
2013 20,708 993,466,795 47,975 42.3 3,312 6.20%
Source: U. S. Census, Division of Local Services, Massachusetts
Department of Elementary and Secondary Education
Median age is based on most recent census data
Town of Canton, Massachusetts Page 116 of 120 Comprehensive Annual Financial ReportSource page 129
PRINCIPAL EMPLOYERS (EXCLUDING TOWN)
CURRENT YEAR AND NINE YEARS AGO
2013 2004
Nature Percentage Percentage
of of Total Town of Total Town
Employer Business Employees Rank Employment Employees Rank Employment
Reebok International Footwear 1,069 1 5.27% 1,400 1 6.82%
Meditech Hospital Software 820 2 4.04% 698 3 3.40%
Shaw Group Engineering 800 3 3.95%
Computershare (Equiserve) Operations Center 778 4 3.84% 1,125 2 5.48%
Dunkin Brands, Inc. Food and Beverages 600 5 2.96%
Organogenesis Regenerative Medicine 354 6 1.75%
One Beacon Insurance Insurance Sales and Service 285 7 1.41%
Pollak Engineering Products Automotive Engineering 279 8 1.38% 400 5 1.95%
Boston Mutual Inurance Insurance Sales and Service 245 9 1.21% 261 10 1.27%
Lojack Recovery Systems 240 10 1.18%
Casual Male Big & Tall Retail, Clothing 475 4 2.31%
Cumberland Farms Milk and Dairy Products, Gasoline 350 6 1.70%
Plymouth Rubber Company Rubber and Plasting Products 324 7 1.58%
Instron Corporation Electronic Testing Equipment 320 8 1.56%
Tweeter, Etc. Retail Audio and Video Equipment 273 9 1.33%
Totals 4,401 21.71% 4,226 20.58%
Source: Official Statements
Town of Canton, Massachusetts Page 117 of 120 Comprehensive Annual Financial ReportSource page 130
FULL-TIME EQUIVALENT TOWN EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General government…………………………………………………………….
30 29 29 28 27 28 28 27 27 27
Public safety…………………………………………….. 106 106 106 105 100 104 104 103 104 104
Education…………………………………………………… 387 381 390 402 391 427 427 429 416 423
Public works……………………………………………………………..
41 41 42 42 43 43 43 43 43 43
Health and human services…………………………………………………………..
9 9 9 9 9 9 10 9 9 9
Culture and recreation…………………………………………………
22 22 22 22 22 22 22 22 22 22
Total Town employees…………….…………………...……..
595 588 598 608 592 633 634 633 621 628
Source: Town personnel records
Town of Canton, Massachusetts Page 118 of 120 Comprehensive Annual Financial ReportSource page 131
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General Government:
Population…………………………………….. 19,815 19,723 20,184 20,063 20,767 20,985 21,003 21,529 20,159 20,708
Registered voters……………………………………..13,478 13,758 14,073 13,852 14,104 14,539 14,376 14,624 12,529 14,241
Public Safety:
Police
Criminal offenses……………………………………………… 300 553 521 663 623 419 422 448 554 909
Fire
Fire calls………………………………………………..1,259 1,259 1,139 1,137 1,023 930 1,000 1,470 1,391 1,242
Ambulance calls………………………………………… 2,561 2,562 2,641 2,653 2,471 2,729 2,600 2,304 2,367 2,250
Permits issued………………………………………………. 889 915 973 866 803 823 950 927 1,218 949
Building Department
Building permits issued………………………………….793 760 865 864 712 837 771 788 860 905
Other permits issued…………………………………. 1,550 1,720 1,682 1,636 1,629 1,478 1,497 1,406 1,536 1,670
Education:
Number of students…………………………………. 3,006 3,095 3,062 3,089 3,083 3,118 3,061 3,229 3,252 3,262
Public Works:
Highway
Roads paved (miles)……………………………………………… 2.6 1.8 1.7 1.3 0.0 2.4 0.6 1.4 3.9 0.8
Water
Water mains installed (miles)…………………………… 1.5 0.8 0.0 0.0 0.0 0.0 1.0 2.1 0.0 1.8
Sewer
Sanitary sewers installed (miles)……………………………
0.2 0.1 0.0 0.0 0.0 0.0 0.0 1.5 0.0 -
Health and Human Services:
Board of Health
Inspections and complaint investigations……… 611 730 875 635 656 680 730 742 520 661
Permits issued……………………………………………….. 522 556 576 587 582 590 612 627 636 645
Council on Aging
Bus trips………………………………………….. 4,560 4,350 8,728 8,900 6,500 9,000 9,000 9,200 9,550 9,825
Culture and Recreation:
Libaries
Circulation……………………………………………. 173,315 136,927 233,706 255,276 266,498 261,512 262,132 288,148 308,552 315,297
Children's programs held……………………………………………. 84 33 105 104 100 107 117 118 349 132
Children's programs attendance…………………………………………….
1,458 507 2,269 2,128 1,895 2,510 2,811 2,857 4,673 3,550
Recreation
Swimming pool attendance…………………………………………….
9,963 10,902 10,971 9,837 8,960 10,962 7,360 8,120 8,000 9,600
Playground program participants…………………………………………….
425 1,600 1,497 1,397 1,253 1,599 1,509 1,509 1,509 1,400
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 119 of 120 Comprehensive Annual Financial ReportSource page 132
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General Government:
Number of buildings……………………………….. 2 2 2 2 2 2 2 2 2 2
Public Safety:
Police
Number of stations……………………………. 1 1 1 1 1 1 1 1 1 1
Fire
Number of stations……………………………. 2 2 2 2 2 2 2 2 2 2
Education:
Number of elementary schools…………………………………….
3 3 3 3 3 3 3 3 3 3
Number of middle schools…………………………………….1 1 1 1 1 1 1 1 1 1
Number of high schools………………………………………..1 1 1 1 1 1 1 1 1 1
Public Works:
Road miles………………………………………. N/A 94 94 94 94 94 94 112 112 112
Water main (miles)…………………………………………. N/A 122 122 122 122 122 123 123 123 123
Sanitary sewers (miles)…………………………………………. N/A 66 66 66 66 66 66 82 82 82
Number of water towers…………………….. 5 5 5 5 5 5 5 5 5 5
Number of water treatment plants…………………….. - - - - - - - 1 2 2
Culture and Recreation:
Number of libraries……………………………………………
1 1 1 1 1 1 1 1 1 1
Number of pools………………………………….. 1 1 1 1 1 1 1 1 1 1
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 120 of 120 Comprehensive Annual Financial ReportSource page 133
The Town acquired Reservoir Pond from Canton Development Properties LLC after they repaired the dam with the work approved by the state.