Canton, Massachusetts · Saved source text
General Fund 2015 Year End Reports (PDF)
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Source page 1
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0~ q o DEPARTMEN1 OT rINANCE
_ ~ I~A'g'~LE~1~1 iD. ~~JT'I'~~5
o ~AHiON•1'I ~ Iv1EMORIAL HALL TOWN ACCOUNTANT
801 WASHINGTON STREET kbuttersCto~vn.canton.ma.us
CANTON, MA 02021 (781)57-660
J~i~iE~ R.IvIURGIA PHONE: 781-575-6610
FINANCE DIRECTOR FAX: 781-575-6608 ~iJSAI~T E. DESJ~~~I1~1~
jmurDia@ to«~n.canton.ma.us town.canton.ma.us ASST.TREASURER/COLLECTOR
(781)575-6612 sdesjardins@to~~~n.canton.ma.us
~t.~ ~ T~ ~ ° ;' is
! L1~ (781)821-5006
LOUIS I~/d. J~~'~~~
INFORMATION
Td: Board of Selectmen S7'STEA~IS A~ANAGER
Ijutras Cto~~~n.canton.ma.us
Jim Murgia, Finance Director ~/~~f~(~~ (781)821-5069
FROM:
DATE: August 11, 2015 '~
SUBJECT: General Fund's Fisc~i 2015 operating Results
Having recently closed the books for fiscal 2015, 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, 2015
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for fiscal
2015. The budgeted deficit of $2,486,000 was due to free cash reserve ~~sed for the following
items:
Snow and Ice budget supplement $900,000
Transfer to Stabilization Funds 700,000
Local Chapter 90 match (streets &sidewalks) 500,000
Hansen School addition 250,000
Supplement OPEB trust fund 51,000
Personnel study 50,000
J uly 4th event (2015) 35,000
Total Free Cash Reserve Budgeted $2,486,000
Actual Revenues and Expenditures
Fiscal 2015 was an excellent year with revenues exceeding expenditures by over $1.1 million.
Compared to the budgeted deficit of $2.5 million this operating surplus was $3.6 million better
than expected.Source page 2
General Fund's Fiscal 2015 Operating Results
August 11, 2015
Page 2 of 2
The reasons for these results are as follows:
Local Receipts (excise taxes, building permits) $1,886,031
Transfers from Other funds (Solar facility, bond premium) 515,328
Property Tax Revenue (due to new growth) 413,964
Tax Title/Foreclosure Revenue 351,721
State Aid shortfall (46,216)
Total Surplus revenue 3,120,828
Unspent appropriations (mostly fixed costs) 483,543
Total $3,604,371
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2015 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, 2015. 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 2015, the Town's cash reserves have
grown to an estimated $12.7 million as follows:
Stabilization Funds $5,643,589
Free Cash Reserve 4,000,000
Overlay Reserve 3,038,785
Total $12,682374
These reserves amount to 15.0% of fiscal 2016's budget. In order to maintain our AAA bond
rating we target our reserves to be 10% to 15% of budget so we have achieved that goal in
fiscal 2015.
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: Kathy Butters, Town Accountant Jen Henderson, Interim Superintendent of School
William T. Friel, Town Administrator Barry Nectow, School Business Administrator
Bob Golledge, Chair, School Committee Barbara Saint Andre, Chairman, Finance CommitteeSource page 3
SUMMARY OF REVENUES AND EXPENDITURES
--- FY 2015 ~ FY 2015 Actuals vs.
Revised Budget) ACTUAL Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 63,173,500 63,587,464 413,964
STATE AID 7,599,730 7,553,514 (46,216)
LOCAL RECEIPTS 5,834,907 7,720,938 1,886,031
TRANSFERS FROM OTHER FUNDS ! 2,451,636 2,966,964 515,328
TAX TITLE /FORECLOSURE REVENUE 0 351.,721 351,721
TOTAL REVENUES ~ 79,059,773 82,180,601 3,120,828
I
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 34,628,305 34,627,548 757
MUNICIPAL EXPENSES 17,606,408 17,488,884 117,524
FIXED COSTS ~ 25,775,777 25,451,017 324,760
TOTAL OPERATING EXPENSES 78,010,490 77,567,449 443,041
-- — _ _ -- -
- — - I---
CASH CAPITAL EXPENDITURES 1,801,751 1,765,198 36,553
TRANSFERS TO STABILIZATION FUNDS 700,000 700,000 j -
SPECIAL APPROPRIATIONS 'I 85,000 ' 85,000 -
STATE 8~ COUNTY CHARGES 948,532 944,583 3,949
TOTAL EXPENDITURES 81,545,773 81,062,230 483,543
OPERATING SURPLUS/(DEFICIT)-GENERAL FUND ~ (2,486,000) 1,118,371 3,604,371
ATMDATA.xisx summary 8/7/2015Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2015 FY ?015 FY 2015 % OF FY ?014 FY ?015 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2014 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE °/a VARIANCE
O1-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 3,800,000 3,800,000 4,021,385 105.8 3,708,575 312,810 8.4
10012 REAL ESTATE TAXES 59,373,500 5~ FRn q4i
59,373,500 59,566,079 100.3 1,885,138 33
TOTAL: O1-PROPERTY TAXES 63,173,500 63,173,500 63,587,464 100.7 2,197,947 3.6
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,100,000 404,890
3,100,000 4,119,643 132.9 3,714,753 10.9
10016 OTHER EXCISE-HOTEL/MEALS TAX 650,000 13,304
650,000 581,621 89.5 568,317 2.3
10017 PENALTIES &INTEREST 300,000 300,000 310,740 103.6 344,012 (33,272) (9.7)
10018 PAYMENTS IN LIEU OF TAXES 219,907 7,606
219,907 ?22,149 101.0 214,543 3.5
10032 FEES 150,000 (17,307)
150,000 160,361 106.9 177,668 (9.7)
10036 RENTALS 200,000 29,285
200,000 247,420 123.7 218,135 13.4
10037 OTHER DEPARTMENT REVENUE 60,000 27,579
60,000 124,390 207.3 96,811 28.5
10041 ALCOHOL LICENSES 70,000 7,055
70,000 79,970 1 14.2 72,915 9.7
10042 OTHER LICENSES 80,000 (7,668)
80,000 86,466 108.1 94,133 (8.1)
10045 PERMITS 500,000 465,225
500,000 1,116,006 223.2 650,781 71.5
10077 FINES AND FORFEITS 100,000 (27,844)
100,000 1 13,467 1 13.5 141,311 (19.7)
10082 EARNINGS ON INVESTMENTS 80,000 (9,495)
80,000 81,755 102.2 91,250 (10.4)
10084 OTHER MISC. REVENUE 25,000 25,000 44,668 27,301
71,969 287.9 61.1
10085 REIMBURSEMENTS 300,000 ;nn nnn ~R~ 925 122,056
404,98? 135.0 4'i 1
TOTAL: 02-LOCAL RECEIPTS J ~UJT~IV 5,834,907 ~ ~~n n~o i ~~ ~ 738,666
03-STATE AID
10062 EDUCATION DIST & REIMB. 5,409,0? 1 155,111
5,409,021 5,399,559 99.8 5,244,448 3.0
10066 GEN GVMT REIMB & DISTRIB ?,190,709 (217,817)
2,190,709 ?,153,955 983 2,371,772 (9~?)
TOTAL: 03-STATE AID 7,599,730 7,599,730 7,553,514 99.4 7,616,220 (62,706) (0.8)
TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,270,348 3,223,434 (422,793)
2,270,348 2,800,641 123.4 (13.1)
W:~Ivlunis\MCR Library~Budget reports\Canton Revenue Report.rpt Page 1 of2 8/6/2015Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2015 FY 2015 FY 2015 % OF FY 2014 FY 2015 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2014 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE %VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,270,348 2,270,348 2,800,641 123.4 ~ 3,223,434 (422,793) (13.1)
OS-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 782,539 (430,818)
351,721 0.0 (55.1)
TOTAL: OS-TAX LIENS/FORECLOSURES 0 0 351,721 0.0 782,539 (430,818) (55.1)
GRAND TOTAL 78,878,485 78,878,485 82,014,278 104.0 79,993,982 2,020,296 2.5
W:\Munis\MCR Library~Bud~et reports\Canton Revenue Report.rpt Pale 2 of2 8/6/2015Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2014 - 2015 FISCAL YEAR 2014
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 15 FY15 June 30 FY 15 ENCUM. Y1'D FY 15 FY 15 FY 15
129 EXECUTIVE OFFICE 454,931 454,931 440,876 96.9 440,876 96.9 14,055 3.1 440,572 423,086 96.0
1S1 TOWN COUNSEL 249,085 339,085 453,207 133.7 453,207 133.7 (114,122) (33.7) 304,585 389,831 128.0
154 HUMAN RESOURCES DEPT 1 16,561 116,561 104,731 89.9 104,731 89.9 11,830 10.1 78,616 78,629 100.0
179 PLANNING DEPARTMENT 55,320 55,320 26,470 47.8 26,470 47.8 28,850 52.2 5,320 5,312 99.9
]92 PUBLIC BLDGS/PROP MAINT 330,250 331,056 311,605 94.1 311,793 94.2 19,263 5.8 92.5
324,393 300,178
193 POLICE STATION MAINT. 15,467 16,042 15,303 95.4 15,615 973 427 2.7 15,467 76.2
11,785
194 PUBLIC SAFETY FACILITY 7,187 8,077 9,992 123.7 10,447 ]29.3 (2,370) (293) 7,187 118.6
8,525
195 TOWN REPORTS 5,500 5,500 3,259 592 3,259 59.2 2,241 40.8 403
7,500 3,020
199 ARMANDO RECREATION FACILITY 8,853 8,853 8,233 93.0 8,233 93.0 620 7.0 8,853 8,595 97.1
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
632 PEQUITSIDE FARM 25,022 25,022 26,848 ]073 26,848 107.3 (1,826) (73) 25,022 31,179 124.6
910 EMPLOYEE CONTRACT BENEFIT 173,147 173,147 129,356 74.7 129,356 74.7 43,791 25.3 173,147 128,852 74.4
TOTAL Ol-Executive Branch 1,448,823 1,541,094 1,536,631 99.7 1,537,586 99.8 3,509 02 i zou i~~ 1,395,743 99.8
133 DIRECTOR OF FINANCE 170,674 170,674 174,341 102.1 174,341 102.1 (3,667) (2.1) 167,446 166,880 99.7
135 ACCOUNTANT 193,124 193,124 189,667 98.2 189,667 98.2 3,457 1.8 197,533 97.7
202,247
145 TREASURERlI'AX COLLECTOR 200,226 200,226 195,551 97.7 195,551 97.7 4,675 2.3 194,061 192,906 99.4
155 INFORMATION SYSTEMS 360,037 425,170 357,823 84.2 427,079 100.4 (1,909) (0.4) 405,782 346,895 85.5
TOTAL 02-Finance Dept 924,061 989,194 917,381 92.7 986,638 99.7 2,557 0.3 969,536 904,213 933
176 ZONING BOARD 35,996 35,996 32,090 89.1 32,590 90.5 3,406 9.5 35,895 33,081 92.2
241 BUILDING DEPARTMENT 305,628 305,628 297,460 973 297,960 97.5 7,668 2.5 293,267 97.1
302,029
TOTAL 03-Building &Zoning 341,624 341,624 329,550 96.5 330,550 96.8 11,074 3.2 337,924 326,348 96.6
220 FIRE DEPARTMENT 4,487,137 4,696,674 4,639,090 98.8 4,688,621 99.8 8,053 0.2 4,537,216 4,314,007 95.1
221 FIRE ALARMS,BOXES,ETC 22,975 22,975 13,795 60.0 13,795 60.0 9,180 40.0 22,975 10,920 47.5
231 AMBULANCE SERVICE 352,443 353,643 363,652 102.8 363,652 102.8 (10,009) (2.8) 166.9
345,778 577,112
232 UNMANNED AMBULANCE 1,000 1,000 2,335 233.5 2,335 233.5 (1,335) (133.5) 1,000 100.0
1,000
291 EMERGENCY MANAGEMENT 13,000 13,000 13,873 106.7 13,873 106.7 (873) (6.7) 10,875 13,097 120.4
TOTAL 06-Fire Dept 4,876,555 5,087,292 5,032,746 98.9 5,082,277 99.9 5,015 0.1 4,917,844 4,916,135 100.0
W:uvlunisUvlCR Library~Budget reports\Canton Expense Report.rpt Page I of4
Date: 8/62015Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2014 - 2015 FISCALYEAR 2014
ORIGINAL REV[SED EXPENDEDYTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF
BUDGET BUDGET THRU BUDGET EXPENDED& BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 15 FYIS June 30 F]15 ENCIJM. YTD FY 15 FY 15 FY 15
400 PUBLIC WORKS ADMINISTRATI 296,431 296,431 292,011 98.5 292,011 98.5 4,420 I.5 285,075 288,385 101.2
410 ENGINEERING DEPARTMENT 194,926 199,926 190,921 95.5 190,921 95.5 9,005 4.5 191,497 187,565 97.9
420 HIGHWAY MAINTENANCE 874,013 874,013 871,202 99.7 882,284 100.9 (8,271) (0.9) 831,249 797,044 95.9
421 SIDEWALKS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
425 STREET SIGNS &TRAFFIC 51,700 52,703 34,507 65.5 35,364 67.1 17,338 32.9 50,213 55,595 ]10.7
426 GAS &OIL FUND 96,190 96,190 54,294 56.4 54,294 56.4 41,896 43.6 96,812 79,195 81.8
427 HIGHWAY EQUIPMENT MAINT 265,188 265,188 286,860 108.2 307,054 115.8 (41,866) (15.8) 252,919 262,334 103.7
491 CEMETERY MAINT 17],730 171,730 170,371 992 171,647 100.0 84 0.0 163,657 179,889 109.9
492 TREE DEPARTMENT 159,718 159,718 181,071 113.4 181,071 113.4 (21,353) (13.4) 208,771 223,529 107.1
493 TREE WARDEN &SHADE TREES 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
TOTAL 07-Public Works 2,109,896 2,115,899 2,081,235 98.4 2,114,645 99.9 1,253 0.1 2,080,193 2,073,535 99.7
542 YOUTH SERVICES 3,667 3,667 3,325 90.7 3,325 90.7 342 93 3,667 3,744 102.1
630 PARKS &RECREATION 521,404 521,995 522,337 100.1 522,337 100.] (342) (0.1) 488,610 487,639 99.8
TOTAL 08-Recreation & Playgr 525,071 525,662 525,661 100.0 525,661 100.0 0 0.0 492,277 491,384 99.8
210 POLICE DEPARTMENT 4,267,844 4,268,340 4,291,076 100.5 4,291,873 100.6 (23,533) (0.6) 4,238,798 4,262,154 100.6
292 ANIMAL CONTROL OFFICER 125,763 125,763 83,976 66.8 83,976 66.8 41,787 332 122,330 98,117 80.2
TOTAL 09-Police &Animal Ctrl 4,393,607 4,394,103 4,375,052 99.6 4,375,850 99.6 18,253 0.4 4,361,]28 4,360,271 100.0
131 FINANCE COMMITTEE 11,500 11,500 11,468 99.7 1 ],468 99.7 32 03 11,500 8,177 71.1
149 WAT'ER/SEWER RATE POLICY 1,000 1,000 800 80.0 800 80.0 200 20.0 1,000 0 0.0
182 CAPITAL OUTLAY &PLANNING 2,556 556 145 26.0 145 26.0 411 74.0 2,556 11 0.4
184 BUILDINGS RENOVATIONS COM 3,381 3,381 431 12.7 431 12.7 2,950 87.3 3,381 176 52
547 DISABILITY COMMISSION 2,565 2,565 431 16.8 431 16.8 2,134 83.2 2,565 247 9.6
691 HISTORICAL COMMISSION 3,669 5,669 5,502 97.1 5,502 97.1 167 2.9 10,658 10,040 942
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 & Commissic 26,049 26,049 18,777 72.1 18,777 72.1 7,272 27.9 33,038 18,651 56.5
161 TOV✓N CLERK 180,583 181,683 182,737 100.6 182,737 100.6 (1,054) (0.6) 176,369 174,928 992
163 ELECTIONS ®ISTRAR'S 36,843 57,343 56,191 98.0 56,191 98.0 1,152 2.0 34,168 24,046 70.4
W:uvlunisUvICR Library~Budget reports\Canton Expense Report.rpt Page 2 of 4 Date: 8/6/2015Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2014 - 2015 FISCAL YEAR 2014
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 15 FYIS June 30 FY 15 ENCUM.YTD FY 15 FY IS FY 15
TOTAL 11-Town Clerk &Elected 217,426 239,026 238,928 100.0 238,928 100.0 98 0.0 210,537 198,974 94.5
141 ASSESSORS 261,427 273,927 265,789 97.0 273,489 99.8 438 0.2 225,801 225,640 99.9
171 CONSERVATION COMMISSION 88,406 88,406 87,950 99.5 87,950 99.5 456 0.5 89,068 88,653 99.5
175 PLANNING BOARD 53,931 58,731 54,920 93.5 56,940 97.0 1,791 3.0 59,125 52,676 89.1
198 UNPAID BILLS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
510 HEALTH DEPARTMENT 337,772 337,772 324,300 96.0 324,675 96.1 13,097 3.9 331,760 314,635 94.8
541 COUNCIL ON AGING 263,024 263,024 244,338 92.9 262,528 99.8 496 0.2 217,870 217,509 99.8
543 VETERANS SERVICES DEPARTMENT 260,123 260,123 257,346 98.9 257,346 98.9 2,777 ].1 262,256 261,593 99.7
610 LIBRARY 1,146,576 1,146,576 1,088,092 94.9 1,097,]37 95.7 49,439 43 1,111,874 1,085,902 97.7
TOTAL 12-StaodAlone 2,411,259 2,428,559 2,322,736 95.6 2,360,066 97.2 68,493 2.8 2.297.754 2.246.609 97.8
TOTAL Ol-MUNICIPAL 17,274,371 17,688,502 17,378,697 98.2 17,570,978 99.3 117,524 0.7 17,098,393 16,931,864 99.0
710 PRINCIPAL PAYMENTS 3,730,900 3,730,900 3,712,900 99.5 3,712,900 99.5 18,000 0.5 4,433,245 4,460,204 100.6
751 LONG-TERM INTEREST PAYMENTS 1,095,233 1,095,233 1,095,232 100.0 ],095,232 100.0 I 0.0 1,553,503 ],575,100 101.4
752 SHORT-TERM INTEREST PAYMENTS 54,442 54,442 31,63] 58.1 31,631 58.1 22,811 41.9 53,000 4,444 8.4
TOTAL 12-Debt Service 4,880,575 4,880,575 4,839,764 99.2 4,839,764 99.2 40,811 0.8 c n~ n -rn o
6,039,748 100.0
132 RESERVE FUND 500,000 102,500 0 0.0 0 0.0 102,500 100.0 287,000 0 0.0
422 STREET LIGHTING 140,000 143,074 98,290 68.7 103,190 72.1 39,884 27.9 159,137 106,204 66.7
423 SNOW &ICE REMOVAL 414,500 1,314,500 1,222,475 93.0 1,263,215 96.1 51,285 3.9 850,329 839,895 98.8
433 TRASH COLLECTION 1,552,000 1,673,875 1,655,589 98.9 1,672,449 99.9 1,426 0.1 1,490,789 1,483,863 99.5
840 BLUE HILLS REGIONAL 1,098,642 1,098,642 1,098,642 100.0 1,098,642 100.0 0 0.0 1,059,042 1,059,042 100.0
841 NORFOLK COiJNTY AGRICULTR HS 10,000 10,000 7,472 74.7 7,472 74.7 2,528 25.3 10,000 8,589 85.9
911 RETIREMENT BENEFITS 3,604,434 3,604,434 3,595,847 99.8 3,595,847 99.8 8,587 0.2 3,212,846 3,202,606 99.7
913 UNEMPLOYMENT COMPENSATION 150,000 150,000 150,000 100.0 150,000 100.0 0 0.0 150,000 150,000 100.0
914 EMPLOYER SHARE-HEALTH INS 11,261,785 11,261,785 11,251,554 99.9 1 1,251,554 99.9 10,231 0.] 10,498,160 10,473,152 99.8
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 58,637 97.7 58,637 97.7 1,363 23 60,000 58,289 97.1
946 TOWN INSURANCE 935,34] 935,341 855,621 91.5 869,196 92.9 66,145 7.1 924,950 910,457 98.4
990 TRANSFERS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
W:UvlunisuvlCR Library~Budget reports\Canton Expense Report.rpt Page 3 of4
Date: 8/6/2015Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2014 - 2015 FISCALYEAR 2014
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 15 FY15 June 30 FY 15 ENCUM.YTD FY 15 FY 15 FY 15
993 OPEB TRANSFER 551,000 551,000 55],000 100.0 551,000 100.0 0 0.0 400,000 400,000 100.0
TOTAL 15-Mist. Fixed 20,277,702 20,905,151 20,545,128 98.3 20,621,203 98.6 ?83,948 1.4 19,102,253 18,692,096 97.9
TOTAL 02-FIXED EXPENSES 25,158,277 25,785,726 25,384,892 98.4 25,460,967 98.7 324,760 1.3 25,142,001 24,731,844 98.4
300 SCHOOL DEPARTMENT 34,548,305 34,629,255 34,608,446 99.9 34,628,498 100.0 757 0.0 33,611,059 33,610,109 100.0
TOTAL 17-School Admin 34,548,305 34,629,255 34,608,446 99.9 34,628,498 100.0 757 0.0 33,611,059 33,610,109 100.0
TOTAL 03-SCHOOL 34,548,305 34,629,255 34,608,446 99.9 34,628,498 100.0 757 0.0 33,611,059 33,610,109 100.0
820 CHERRY SHEET ASSESSMENTS 749,266 749,266 745,317 99.5 745,317 99.5 3,949 0.5 765,873 765,462 99.9
830 COUNTY TAX-CHERRY SHEET 199,266 199,266 199,266 100.0 199,266 100.0 0 0.0 194,406 194,406 100.0
TOTAL 19-State &County Chgs 948,532 948,532 944,583 99.6 944,583 99.6 3,949 0.4 960,279 959,868 100.0
TOTAL OS-STATE &COUNTY CHGS 948,532 948,532 944,583 99.6 944,583 99.6 3,949 0.4 960,279 959,868 100.0
GRAND TOTALS: 77,929,485 79,052,015 78,316,618 99.1 78,605,025 99.4 446,990 0.6 76,811,731 76,233,684 99.2
W:~NlunisUvlCR Library~Budget reports\Canton Expense Report.rpt Page 4 of4
Date: 8/62015Source page 10
TOWN OF CANTON
COMBINED BALANCE SHEET AS OF JUNE 30, 2015
#100
--~ #101-#299 #300-#399 ~ #600-#700 #801-#890 #970 _ -
- -- - --
GENERAL ~ SPECIAL- ~ CAPITAL ENTERPRISE TRUSTS AND LONG TERM TOTALS
- _ _ - . .- - fi- - - -
_ _ FUND I REVENUE PROJECTS FUNDS AGENCY 7 ACCOUNT GROUP f ALL FUNDS
- --'
ASSETS _ _ ~
CASH AND SHORT TERM INVESTMENTS _ _ _ _ 13,215,863 1~ 7 351,64445 1 189,215.89 I 6 539,892.19 16,052,778.76 I 0 00 44,349,394.39
- - - - --
DEPARTMENTAL RECEIVABLES 0.00 654,009.20 0.00 1 0.00 0.00 0 00 654,009.20
EXCISE TAX RECEIVABLE 733,605.16 0 00 '~ 0.00 0.00 0.00 0 00 ~ 733,605.16
PERSONAL PROPERTY TAX RECEIVABLE 100,330.17 -~--
O.00T 0.00 ~ _ 0.00 0.00 I 0.00 ~ 100,390.17
REAL ESTATE TAX RECEIVABLE _ _ 490,121.18 0.00 0.00 'I 0.00 t _ 0.00 ~ 0.00 490,121.18
OTHER RECEIVABLES 2,806,377.00 ~ 0.00 ', 0.00 ' 39,710.00 0.00 0.00 2 846,087.00
--
1,785.02 ' 0.00 40,990.40 0.00 0 00 753,425.48
USER CHARGES RECEIVABLE - - ~ 0.00 0 00 506 654 95 0.00 0 00 I, 506,654 95
- _- -
UTILITY LIENS ADDED TO TAXES 0.00 0 00 566 553.49 0.00 i 0 00 566,553.48
- --
AMOUNT PROVIDED FOR BONDS _ _ 0.00 ' 0.0~ 0.00 29,345,090.00 0.00 28,180,650.00 i 57,525,740.00
-
OTHER ASSETS _ _ 12,078.78 1,200,996.94 i 0 00 0.00 t 58,400.00 I 0 00j 1.,271,475.72
TAX FORECLOSURES _ - - 492,782.62T~ 0.00 'i t 0.00 0 00 1 492,782.62
CONSTRUCTION IN PROGRESS 0.00 0.00 346,900.30 f 0.00 0.00 0.00 j 346,900.30
TOTAL ASSETS - 18,561,808.07
- -- - - -71,536,116.19 TI
- 9,208,435.61 37,038,891.03 1 16,111,178.76} - 28,180,650.00 -I 110,637,079.66
-
- ._ - ---
- - -- --= -- - _
LIABILITIES
ACCOUNTS PAYABLE 956,174.09 173,976.49 324,685.36 89,096.70 167,595.24 ', 0.00 ~ 1,711,527.88
ACCRUED PAYROLL 3,446,711.45__ 206,707_84 _ __0.00 32,753.36 _ 1,867.52 0 00 3,688,040.17
- - -
BONDS PAYABLE 0.00 0.00 0.00 29,345,090.00 0.00 'i 28,180,650.00 57,525,740.00
DEFERRED REVENUES i 2,295,081.43 655,794.22 0.00 1,153,908.84 j _ _ 0.00 i 0.00 1 4,104,784.49
NOTES PAYABLE 0.00 0.00 797,786.00 0.00 0.00 0.00 797,786.00
- -- - -
OTHER LIABILITIES ti 41,894.13 701.46 0.00 10,000.00 ' 2,089,390.93 0.00 'i 2,141,986.52
- - - -- -- -- -- - -
PROVISIONS FOR ABATEMENTS AND EXEMPTIONS 3,038,784.76 0.00- 0.00 0.00 i 0.00 0.00 1 3.,038,784.76
WITHHOLDINGS PAYABLE i 402,466.58 0.00 0.00 0.00 i 0.00 0.00' 402,466.58
TOTAL LIABILITIES j 10,181,112.44 1,037,180.01 1,122,471.36 ` 30,630,848.90 r 2,258,853.69 28,180,650.00 I 73,411,116.40
.__ ~ _. _ . i _ _ I~ _ .
- - _1
- -- -- - - - - 1 -
FUND EQUITY
- -- - -_ _ . i _ _ - -- ~ - r --
RESERVE FOR ENCUMBRANCES 652,653.61 0.00 0.00 475,391.36 ', 0.00 I 0.00 1,128,044.97
- - - -
RESERVE FOR EXPENDITURES 505,000.00 0.00 0.00 372,000.00 ~ 0.00 0.00 ~ 877,000.00
- - - - - -
RESERVE FOR PETTY CASH 8~ OTHER ASSETS 625.00 0.00 0.00 ~ 50.00 0.00 ~ 0.00 ~ 675.00
RESERVE FOR UNPROVIDED ABATEMENTS/EXEMPT (128.14) 0.00 0.00 0.00 0.00 0.00 (128.14)
RESERVE FOR UNSPENT CONSTRUCTION PROCEEDS 0.00 0.00{ 413,644.83 1,310,435.62 0.00 0.00 1,724,080.45
UNRESERVED FUND BALANCE 7,222,545.16 8,171,255.60 0.00 ', 4,250,165.15 13,852,325.07 0.00 33,496,290.98
TOTAL FUND EQUITY ~ 8,380,695.63 8,171,255.60 ' 413,644.83 6,408,042.13 13,852,325.07 0.00 37,225,96326
TOTAL LIABILITIES AND FUND EQUITY 18,561,808.07 9,208,435.61 1,536,116.19 37,038,891.03 ~ 16,111,178.76 28,180,650.00 110,637,079.66
Fy 15 Balance Sheets (4).xls Combined Balance Sheets 8/112015