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General Fund 2017 Year End Reports (PDF)
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Source page 1
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~." ~~ ~o~r~ of ~ar~tor~, ,~~~~~c~ju~ett~
. DEPARTMENT OF FINANCE
_ ~ KATHLEEN D. BUTTERS
o ~AN7Y1N~\1 ~ MEMORIAL HALL TOWN ACCOUN'1'AN'I'
801 WASHINGTON STREET kbutters@tow n.canton.ma.us
CANTON, MA 02021 (781)575-6605
J AMES R. MURGIA PHONE: 781-575-6610
FINANCE DIRECTOR FAX: 781-i75-6608 SUSAN E. DESJARDINS
jmurgia@to~~~n.canton.ma.us to~vn.canton.ma.us ASST.TREASURER/COLLECTOR
(781)575-6612 sdesjardinsC'to«m.canton.ma.us
(781)821-5006
MEMORANDUM
LOUIS M.JUTRAS
TO: Board of Selectmen / irvFORMaT1oN
f /~; SYSTEMS MANAGER
FROM: ~Ifll MUI"gla, FIIlaI1CG' DII'2Ct01' ~~~~ IjulrasCCto~~~n.canton.ma.us
~~si~g2i-so69
DATE: August 31, 2017
SUBJECT General Fund's Fiscal 2017 Operating Results
Having recently closed the books for fiscal 2017, 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, 2017
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for fiscal
2016 and 2017. The fiscal 2017 budgeted deficit of $2,542,000 was due to free cash reserve
used for the following items:
Local Chapter 90 match (streets &sidewalks) $675,000
Transfer to Stabilization Fund 500,000
Full Day Kindergarten 495,000
Elm Street Culvert 220,000
Snow &Ice Budget 200,000
School Building Study 155,000
Senior Center Parking 142,000
Bailey Street Drainage 1 10,000
J uly 4`h event (2017) 35,000
Substance Abuse Committee 10,000
Total Free Cash Reserve Budgeted $2,542,000
Actual Revenues and Expenditures
Fiscal 2017 was an excellent year with revenues exceeding expenditures by almost $500,000.
Compared to the budgeted deficit of $2.5 million this operating surplus was $3.0 million better
than expected.Source page 2
General Fund's Fiscal 2017 Operating Results
August 31, 2017
Page 2 of 2
The reasons for these results are as follows:
Local Receipts (excise taxes, building permits) $1,455,903
Property Tax Revenue (due to new growth) 575,225
Tax Title Revenue 172,988
State Aid 171,161
Transfers from Other funds (Solar facility) 157,382
Total Surplus revenue $2,532,659
U nspent appropriations (mostly fixed costs and municipal budgets) 476,003
Total $3,008,662
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2017 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 $4.7 million as of June
30, 2017. 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 2017, the Town's cash reserves have
grown to an estimated $15.4 million as follows:
Stabilization Fund $6,956,162
Free Cash Reserve 4,700,000
Surplus Overlay Reserve (net of pending ATB cases) 3,746,203
Total $15,402,365
These reserves amount to 16.9% of fiscal 2018'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 2017.
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
Mike Loughran, Chair, School Committee
Barry Nectow, School Business AdministratorSource page 3
SUMMARY OF GENERAL REVENUES AND EXPENDITURES
CURRENT FISCAL YEAR PR90R FISCAL YEAR
FY 2017 FY 2017 Actuals vs. FY 2016 FY 2016 Actuals vs.
Revised Budget ACTUAL Revised Budget Revised Budget ACTUAL Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 69,632,759 70,207,984 575,225 66,219,139 67,267,824 1,048,685
STATE AID 8,052,320 8,223,481 171,161 7,865,547 7,891,869 26,322
LOCAL RECEIPTS 6,263,040 7,718,943 1,455,903 5,907,405 7,801,500 1,894,095
TRANSFERS FROM OTHER FUNDS 2,248,003 2,405,385 157,382 2,933,119 3,249,544 316,425
TAX TITLE /FORECLOSURE.REVENUE 0 172,988 172,988 0 147,456 147,456
TOTAL REVENUES 86,196,122 88,728,781 2,532,659 82,925,210 86,358,192 3,432,982
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 38,509,724 38,498,641 11,083 36,259,994 36,259,290 704
MUNICIPAL EXPENSES 19,039,901 18,864,107 175,794 18,264,726 18,136,889 127,837
FIXED COSTS 26,892,873 26,625,136 267,737 26,112,514 25,878,984 233.,530
TOTAL QPERATING EXPENSES 84,442,498 83,987,884 454,614 80,637,234 80,275,163 362,071
CASH CAPITAL EXPENDITURES 2,599,000 2,584,397 14,603 2,142,000 2,120,500 21,500
TRANSFERS TO STABILIZATION FUNDS 500,000 500,000 0 600,000 600,000 0
SPECIAL APPROPRIATIONS 194,265 194,265 0 185,000 183,069 1,931
STATE &COUNTY CHARGES 1,002,359 995,573 6,786 951,976 927,338 24,638
TOTAL EXPENDITURES 88,738,122'. 88,262,119 476,003 I 84,516,210 84,106,070 410,140
OPERATING SURPLUS/(DEFICIT)-GENERAL FUND (2,542,000) 466,662 3,008,662 (1,591,000) 2,252,122 3,843,122
ATM DATA.xlsx summary 8/30/2017Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY ?017 FY 2017 FY 2017 % OF FY 2016 FY ?017 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY ?016 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE %VARIANCE
O1-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 4,200,000 4,200,000 4,267,036 101.6 4,186,737 80,299 1.9
10012 REAL ESTATE TAXES 65,383,040 65,432,759 65,940,948 100.8 63.081.087 2.859.861 4.5
TOTAL: O1-PROPERTY TAXES 69,583,040 69,632,759 70,207,984 100.8 V / ~_V / ~UL`t n n
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,600,000 3,600,000 4,505,384 125.1 4,555,904 (50,520) (l.l)
10016 OTHER EXCISE-HOTEL/MEALS TAX 600,000 600,000 593,076 98.8 601,227 (8,151) (1.4)
10017 PENALTIES &INTEREST 300,000 300,000 314,625 104.9 254,164 60,461 23.8
10018 PAYMENTS IN LIEU OF TAXES 231,040 231,040 231,040 100.0 225,405 5,635 2.5
10032 FEES 150,000 150,000 159,459 1063 199,823 (40,364) (20.2)
10036 RENTALS 200,000 ?00,000 185,417 92.7 193,689 (8,272) (4.3)
10037 OTHER DEPARTMENT REVENUE 77,000 77,000 105,876 137.5 144,641 (38,764) (26.8)
10041 ALCOHOL LICENSES 70,000 70,000 81,300 116.1 77,035 4,265 5.5
10042 OTHER LICENSES 80,000 80,000 76,440 95.5 84,019 (7,579) (9.0)
10045 PERMITS 650,000 650,000 984,377 151.4 874,017 1 10,360 12.6
10054 OTHER MISC FEDERAL REVENUE 0 0 5,625 0.0 0 5,625 0.0
10077 FINES AND FORFEITS 100,000 100,000 92,821 92.8 1 19,540 (26,720) ('-?-4)
10082 EARNINGS ON INVESTMENTS 80,000 80,000 127,091 158.9 96,625 30,467 31.5
10084 OTHER MISC. REVENUE ?5,000 ?5,000 60,896 243.6 1 13,864 (5?,968) (46.5)
10085 REIMBURSEMENTS 100,000 100,000 195,517 195.5 ?61,549 (66.0321 (?5-?)
TOTAL: 02-LOCAL RECEIPTS 6,263,040 6,263,040 7,718,943 1232 7,801,500 IUG~JJ V~ (1.1)
03-STATE AID
10062 EDUCATION DIST & REIMB. 5,66?,??? 5,662,222 5,830,315 103.0 5,586,943 243,372 4.4
10066 GEN GVMT REIMB & DISTRIB 2,390,098 2,390,098 2,393,166 100.1 2,~ 04,926 RR240 3.8
TOTAL: 03-STATE AID 8,052,320 8,223,481 102.1 ~ uoi Quo n ~
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,248,003 ?,248,003 2,405,385 107.0 3,249,544 (844,158) (26.0)
W:~Ivlunis~NICR Library\Budget reports\Canton Revenue Report.rpt Page 1 of2 8/16/2017Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2017 FY ?017 FY ?017 % OF FY 2016 FY 2017 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2016 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTiJAL $$ VARIANCE °/a VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,48,003 2,248,003 2,405,385 107.0 3,249,544 (844,158) (26.0)
05-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 172,988 0.0 147,456 25,532 17.3
TOTAL: OS-TAX LIENS/FORECLOSURES 147,456 25,532 173
GRAND TOTAL 86,146,403 86,196,1?? 88,728,781 102.9 86,358,192 2,370,589 ?.7
W:~1Vlunis~lVICR Library~Bud~et reports\Canton Revenue Report.rpt Page 2 of2 8/16/2017Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2016 - 2017
FISCAL YEAR 2016
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED h PN, D % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
F~' ~~ FY17 June 30 FY 17 ENCUM. YI'D FY 17 FY 17 FY 17
129 EXECUTIVE OFFICE 464,542 465,991 454,017 97.4 477,893 102.6 (11,902) (2.6) 465,528 446,400 95.9
151 TOWN COUNSEL 255,585 272,910 280,879 102.9 280,879 102.9 (7,969) (2.9) 255,585 269,548 105.5
154 HUMAN RESOURCES DEPT 141,939 147,083 127,511 86.7 131,061 89.1 16,022 10.9 123,269 122,420 99.3
179 PLANNING DEPARTMENT 60,540 68,540 69,755 101.8 69,755 101.8 (1,215) (1.8) 59,713 42,730 71.6
195 TOWN REPORTS 4,500 4,500 1,703 37.8 1,703 37.8 2,797 62.2 5,500 1,442 262
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 235,336 133,543 132,003 98.8 132,003 98.8 1,540 12 248,936 168,896 67.8
1,169,942 1,100,067 1,072,619 97.5 1,100,045 100.0 ~~ 1,166,031 i nco i Qc
TOTAL O1-Executive Branch 0.0 90.8
133 DIRECTOR OF FINANCE 184,554 189,212 186,322 98.5 186,322 98.5 2,890 1.5 178,530 180,688 101.2
135 ACCOUNTANT 201,164 202,614 199,166 98.3 201,111 993 1,503 0.7 199,530 194,016 972
145 TREASURER/TAX COLLECTOR 207.639 207,639 192,461 92.9 194,472 93.7 13,167 6.3 202,780 177,346 87.5
155 INFORMATION SYSTEMS 389,346 474,916 402,416 84.7 488,305 102.8 (13,388) (2.8) 433,609 360,640 83.2
982,703 1,074,381 980,865 91.3 1,070,210 99.6 a »~ 0.4 1,014,449 o i ~ won
TOTAL 02-Finance Dept 90.0
176 ZONING BOARD 36,896 39,386 29,906 75.9 34,754 88.2 4,632 1 1.8 36,579 27,526 75.2
241 BUILDING DEPARTMENT 324,658 326,982 298,998 91.4 312,496 95.6 14,486 4.4 311,379 292,451 93.9
361,554 366,368 328,904 i 4iiu z ,o o~~
TOTAL 03-Building &Zoning 89.8 347,250 94.8 5.2 347,958 92.0
215 911 DISPATCHERS -FIRE 150,000 150,000 86,566 57.7 112,174 74.8 37,826 252 0 0 0.0
220 FIRE DEPARTMENT 4,867,597 4,925,170 4,923,433 100.0 4,974,356 101.0 (49,186) (1.0) 4,793,709 4,710,244 983
221 FIRE ALARMS,BOXES,ETC 22,975 22,975 13,699 59.6 13,699 59.6 9,276 40.4 22,975 20,925 91.1
231 AMBULANCE SERVICE 386,370 387,479 380,998 98.3 384,295 99.2 3,185 0.8 360,127 385,392 107.0
232 UNMANNED AMBULANCE 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 1,000 100.0
291 EMERGENCY MANAGEMENT 24,000 27,388 23,829 87.0 23,829 87.0 3,559 13.0 19,000 14,929 78.6
TOTAL 06-Fire Dept 5,451,942 5,514,012 5,428,525 98.4 5,508,352 99.9 5,660 0.1 5,196,811 5,132,491 98.8
192 PUBLIC BLDGS/PROP MAINT 418,567 421,050 405,615 96.3 411,653 97.8 9,397 22 332,571 359,507 108.1
193 POLICE STATION MAINT. 15,467 23,807 33,147 139.2 33,206 139.5 (9,399) (39.5) 15,780 16,849 106.8
194 PUBLIC SAFETY FACILIT'1 7,187 11,140 10,849 97.4 10,849 97.4 291 2.6 7,642 8,148 ]06.6
199 ARMANDO RECREATION FACILITY 8,853 8,853 6,331 71.5 6,331 71.5 2,522 28.5 8,853 6,108 69.0
W:~Ivlunis~IvICR Library~Budget reports\Canton Expense Report.rpt Page 1 of4 Date: 8/16/?017Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2016 - 2017
FISCAL YEAR 201G
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED N.. ~ % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 17 FY 17 June 30 FY 17 ENCUM. Y'TD FY 17 FY 17 FY 17
400 PUBLIC WORKS ADMINISTRATI 322,282 327,556 329,799 100.7 331,687 1013 (4,131) (13) 315,837 315,192 99.8,
410 ENGINEERING DEPARTMENT 227,866 229,269 221,255 96.5 221,575 96.6 7,694 3.4 199,107 202,620 101.8
420 HIGHWAY MAINTENANCE 925,930 960,669 924,849 963 942,445 98.1 18,224 1.9 975,703 879,378 90.1
421 SIDEWALKS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
425 STREET SIGNS &TRAFFIC 51,700 55,]21 82,563 149.8 106,093 192.5 (50,972) (92.5) 52,557 51,130 97.3
426 GAS &OIL FUND 86,190 87,190 39,871 45.7 40,871 46.9 46,319 53.1 96,190 43,532 45.3
427 HIGHWAY EQUIPMENT MAINT 287,967 327,652 345,740 105.5 357,228 109.0 (29,576) (9.0) 291,099 334,498 1 14.9
491 CEMETERY MAINT 179,780 179,780 107,823 60.0 110,366 61.4 69,414 38.6 175,97] 158,845 90.3
492 TREE DEPARTMENT 167,500 167,500 161,910 96.7 164,672 98.3 2,828 1.7 162,288 165,903 102.2
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 33,503 39,474 117.8 39,501 117.9 (5,998) (17.9) 30,000 23,740 79.I
TOTAL 07-Public Works 2,729,289 2,833,091 2,709,227 95.6 2,776,478 98.0 56,614 2.0 2,663,598 2,565,447 96.3
542 YOUTH SERVICES 5,000 5,000 4,800 96.0 4,800 96.0 200 4.0 3,667 3,667 100.0
630 PARKS &RECREATION 672,362 673,103 657,943 97.7 665,018 98.8 8,085 1.2 633,456 633,384 100.0
TOTAL 08-Recreation & Playgr 677,362 678,103 662,744 97.7 669,818 98.8 8,28 1.2 637,123 637,051 100.0
210 POLICE DEPARTMENT 4,525,633 4,763,319 4,722,765 99.1 4,766,592 100.1 (3,273) (0.1) 4,392,207 4,309,532 98.1
292 ANIMAL CONTROL OFFICER 124,981 124,981 99,564 79.7 99.564 79.7 25,417 20.3 1 16,520 92,595 79.5
TOTAL 09-Police &Animal Ctrl 4,650,614 4,888,300 4,822,329 98.7 4.866,156 99.5 22,143 0.5 4,508,727 a am i~~ 97.6
131 FINANCE COMMITTEE 1 1,500 11,500 9,608 83.5 9,608 83.5 1,892 16.5 1 1,500 9,388 81.6
149 WATER/SEWER RATE POLICY 1,000 1,000 1,000 100.0 1,000 100.0 0 0.0 1,000 0 0.0
182 CAPITAL OUTLAY &PLANNING 2,556 2,556 340 133 340 133 2,216 86.7 2,556 135 53
184 BUILDINGS RENOVATIONS COM 1,600 1,600 0 0.0 0 0.0 1,600 100.0 3,381 1,305 38.6
545 SUBSTANCE ABUSE COMMITTEE 10,000 10,000 8,226 82.3 9,726 973 274 2.7 0 0 0.0
547 DISABILITY COMMISSION 2,565 2,565 0 0.0 0 0.0 2,565 100.0 2,565 0 0.0
691 HISTORICAL COMMISSION 3,669 3,669 1,950 53.1 1,950 53.1 ],719 46.9 3,669 1,700 46.3
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 34,268 34,268 21,124 61.6 22,624 66.0 11,644 34.0 26,049 12,528 48.I
W:~IvlunisU~ICR Library~Budget reports\Canton Expense Report.rpt Page 2 of4 Date: 8/16/2017Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2016 - 2017
FISCAL YEAR 2016
ORIGINAL REVISED EXPENDED YTD % OF TOTAL '% OF REMAINING % OF REVISED N, P~,Nll@U % OF
BUDGET BUDGET THRU BUDGET EaPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 17 FY17 June 30 FY 17 ENCUM. YTD FY 17 FY 17 FY 17
161 TOWN CLERK 188,843 189,640 192,239 101.4 192,981 101.8 (3,341) (I.8) 184,647 183,825 99.6
163 ELECTIONS ®ISTRAR'S 43,562 63,562 59,789 94.1 59,789 94.1 3,773 5.9 39,527 40,246 101.8
TOTAL I1-Town Clerk &Elected 232,405 253,202 252,027 99.5 252,769 99.8 433 02 „~ ,-,~ „~ ~-„ 100.0
141 ASSESSORS 295,704 324,584 322,125 992 324,276 99.9 308 0.1 312,520 284,397 91.0
171 CONSERVATION COMMISSION 137,846 138,831 128,731 92.7 128,731 92.7 10,101 7.3 127,971 121,461 94.9
175 PLANNING BOARD 63,130 66,163 62,433 94.4 66,120 99.9 42 0.1 63,]17 52,845 83.7
198 UNPAID BILLS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
510 HEALTH DEPARTMENT 365,030 366,297 355,448 97.0 355,448 97.0 10,849 3.0 345,076 344,884 99.9
541 COiJNCIL ON AGING 357,245 372,431 370,590 99.5 372,381 100.0 50 0.0 352,972 322,381 91.3
543 VETERANS SERVICES DEPARTMENT 279,730 283,703 265,584 93.6 265,584 93.6 18,119 6.4 278,498 277,648 99.7
546 WALK,BIKE &HIKE COMMITTEE 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
610 LIBRARY 1,228,137 1,240,897 1,206,797 97.3 1,232,662 99.3 8,235 0.7 1,191,933 1,166,188 97.8
TOTAL I2-Stead Alone 2,726,822 2,792,906 2,711,706 97.1 2,745,201 983 47,705 1.7 2,672,086 2,569,804 962
TOTAL Ol-MUNICIPAL 19,016,901 19,534,698 18,990,070 97.2 19,358,904 99.1 175,794 0.9 18,457,006 17,834,372 96.6
710 PRINCIPAL PAYMENTS 3,907,851 3,907,851 3,931,851 100.6 3,931,851 100.6 (24,000) (0.6) 3,939,700 3,923,410 99.6
751 LONG-TERM INTEREST PAYMENTS 876,355 876,355 888,356 101.4 888,356 101.4 (12,001) (1.4) 938,433 1,018,976 108.6
752 SHORT-TERM INTEREST PAYMENTS 99,000 99,000 47,700 48.2 47,700 48.2 51,300 51.8 1 13,000 4,406 3.9
TOTAL 12-Debt Service 4,883,206 4,883,206 4,867,907 99.7 4,867,907 99.7 15,299 03 4,991,133 a~~ -,o, 99.1
132 RESERVE FUND 500,000 219,950 0 0.0 0 0.0 219,950 100.0 142,000 0 0.0
422 STREET LIGHTING 120,000 130,620 122,713 93.9 129,114 98.8 1,507 12 144,900 141,082 97.4
423 SNOW &ICE REMOVAL 564,500 765,267 764,864 99.9 764,864 99.9 403 0.1 723,240 721,663 99.8
433 TRASH COLLECTION 1,840,240 1,860,240 1,858,338 99.9 1,858,338 99.9 1,902 0.1 1,814,860 1,814,787 100.0
840 BLUE HILLS REGIONAL 1,]95,356 1,191,629 1,180,767 99.1 1,180,767 99.1 10,862 0.9 1,120,445 1,117,954 99.8
841 NORFOLK COUNTY AGRICULl'R HS 10,000 13,727 13,727 100.0 13,727 100.0 0 0.0 10,000 9,340 93.4
911 RETIREMENT BENEFITS 4,397,322 4,397,322 4,397,289 100.0 4,397,289 100.0 33 0.0 4,024,357 3,994,324 993
913 UNEMPLOYMENT COMPENSATION 100,000 100,000 100,000 100.0 100,000 100.0 0 0.0 100,000 100,000 100.0
914 EMPLOYER SHARE-HEALTH INS 11,279,278 11,418,764 11,409,681 99.9 11,418,031 100.0 733 0.0 10,932,738 10,922,842 99.9
W:~Ivlunis~MCR Library~Budget reports\Canton Expense Report.rpt Page 3 of4 Date: 8/16/20]7Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2016 - 2017
ORIGINAL
FISCAL YEAR 2016
REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED ~:~P~ D~ % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 17 FYI7 June 30 FY 17 ENCUM. Y7'D FY 17 FY 17 FY 17
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 59,640 99.4 59,640 99.4 360 0.6 60,000 58,637 97.7
946 TOWN INSURANCE 1,084,985 1,084,985 ],058,297 97.5 1,068,297 98.5 16,688 1.5 1,024,916 1,024,801 100.0
990 TRANSFERS 0 0 0 0.0 0 0.0 0 0.0 350,000 30,000 100.0
993 OPEB TRANSFER 770,000 770,000 770,000 100.0 770,000 100.0 0 0.0 750,000 750,000 100.0
TOTAL 15-Misc. Fined 21,921,681 22,0]2,504 21,735,315 98.7 21,760,066 98.9 252,438 1.1 21.197.456 21.005.431 99.1
TOTAL 02-FIJCED EXPENSES 26,804,887 26,895,710 26,603,222 98.9 26,627,973 99.0 267,737 1.0 26,188,589 25,952,223 99.1
300 SCHOOL DEPARTMENT 38,572,710 40,779,506 38,122,544 93.5 40,768,423 100.0 1 ],083 0.0 36,280,047 34,009,561 93.7
TOTAL 17-School Admin 38,572,710 40,779,506 38,122,544 93.5 40,768,423 100.0 11,083 0.0 36.280.047 34.009.561 93.7
TOTAL 03-SCHOOL 38,572,710 40,779,506 38,122,544 93.5 40,768,423 100.0 11,083 0.0 36,280,047 34,009,561 93.7
820 CHERRY SHEET ASSESSMENTS 750,282 795,736 788,950 99.1 788,950 99.1 6,786 0.9 750,392 725,754 96.7
830 COUNTY TAX-CHERRY SHEET 206,623 206,623 206,623 100.0 206,623 100.0 0 0.0 201,584 201,584 100.0
TOTAL 19-State &County Chgs 956,905 1,002,359 995,573 99.3 995,573 993 6,786 0.7 951,976 927,338 97.4
TOTAL 05-STATE &COUNTY CHGS 956,905 1,002,359 995,573 99.3 995,573 99.3 6,786 0.7 951,976 927,338 97.4
GRAND TOTALS: 85,351,403 88,212,273 84,711,409 96.0 87,750,873 99.i 461,400 0.5 81,877,618 78,723,493 96.1
W:~IvlunisUvICR Library~Budget reports\Canton Expense Report.rpt Paoe 4 of4 Date: 8/16/2017Source page 10
TOWN OF CANTON
COMBINED BALANCE SHEET AS OF JUNE 30, 2017
#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 16,910,657.05 10,662,542.83 1,466,656.25 9,025,519.77 19,389,076.64 0.00 57,454,452.54
AMOUNT PROVIDED FOR BONDS 0.00 0.00 0.00 27,259,293.00 0.00 27,226,175.00 54,485,468.00
DEPARTMENTAL RECEIVABLES 0.00 712,618.29 0.00 0.00 0.00 0.00 712,618.29
EXCISE TAX RECEIVABLE 648,481.83 0.00 0.00 0.00 0.00 0.00 648,481.83
REAL ESTATE TAX RECEIVABLE 444,722.83 0.00 0.00 0.00 0.00 0.00 444,722.83
PERSONAL PROPERTY TAX RECEIVABLE 106,072.41 0.00 0.00 0.00 0.00 0.00 106,072.41
TAX LIENS 789,848.70 2,731.16 0.00 39,059.72 0.00 0.00 831,639.58
TAX FORECLOSURES 517,841.17 0.00 0.00 0.00 0.00 0.00 517,841.17
OTHER RECEIVABLES 1,893,767.00 0.00 0.00 19,710.00 0.00 0.00 1,913,477.00
USER CHARGES RECEIVABLE 0.00 0.00 0.00 481,282.95 0.00 0.00 481,282.95
UTILITY LIENS ADDED TO TAXES 0.00 0.00 0.00 604,379.01 0.00 0.00 604,379.01
OTHER ASSETS 7,252.20 0.00 0.00 0.00 i 61,800.00 0.00 69,052.20
TOTAL ASSETS 21,318,643.19 11,377,892.28 ~ 1,466,656.25 37,429,244.45 I 19,450,876.64 27,226,175.00 118,269,487.81
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LIABILITIES i __
BONDS PAYABLE 0.00 0.00 0.00 27,259,293.00 0.00 27,226,175.00 54,485,468.00
PROVISIONS FOR ABATEMENTS AND EXEMPTIONS 5,085,590.65 0.00 0.00 0.00 0.00 0.00 5,085,590.65
ACCOUNTS PAYABLE 1,384,588.91 281,566.80 23,100.00 59,784.45 160,933.92 0.00 1,909,974.08
ACCRUED PAYROLL 532,504.62 101,086.59 118.72 21,106.01 1,576.88 0.00 656,392.82
DEFERRED REVENUES (684,856.71) 715,349.45 0.00 1,144,431.68 0.00 0.00 1,174,924.42
WITHHOLDINGS PAYABLE 551,883.38 0.00 0.00 0.00 0.00 0.00 551,883.38
OTHER LIABILITIES 39,489.38 4,031.39 0.00 8,521.82 2,334,748.48 0.00 2,386,791.07
TOTAL LIABILITIES 6,909,200.23 1,102,034.23 23,218.72 28,493,136.96 2,497,259.28 27,226,175.00 66,251,024.42
FUND EQUITY
RESERVE FOR ENCUMBRANCES 3,962,616.75 0.00 0.00 966,143.85 0.00 0.00 4,928,760.60
RESERVE FOR EXPENDITURES 455,000.00 0.00 0.00 1,491,910.00 0.00 0.00 1,946,910.00
RESERVE FOR PETTY CASH &OTHER ASSETS 200.00 0.00 0.00 50.00 0.00 0.00 250.00
RESERVE FOR UNSPENT CONSTRUCTION PROCEEDS 0.00 0.00 1,443,437.53 3,265,733.66 0.00 0.00 4,709,171.19
UNRESERVED FUND BALANCE 9,991,626.21 10,275,858.05 0.00 ', 3,212,269.98 16,953,617.36 0.00 40,433,371.60
TOTAL FUND EQUITY 14,409,442.96 10,275,858.05 1,443,437.53 8,936,107.49 16,953,617.36 0.00 52,018,463.39
TOTAL LIABILITIES AND FUND EQUITY 21,318,643.19 11,377,892.28 1,466,656.25 37,429,244.45 19,450,876.64 27,226,175.00 118,269,487.81
Fy 17 balance sheets.xlsx Combined Balance Sheets 8/30/2017