Canton, Massachusetts · Saved source text
General Fund 2019 Year End Reports (PDF)
Saved text from 10 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
L
~ ~ ~ ~1
~o~r~ of ~~r~tor~, ,~~~~~c~jugett~
DEPARTMENT OF FINANCE
KATHLEEN D. BUTTERS
°ANroN~~~ MEMORIAL HALL TOWN ACCOUNTANT
801 WASHING'I~ON STREET kbutters~to~~~n.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
jmurgiaC~to~~~n.canton.ma.us to~~~n.canton.ma.us ASST. TREASURER/COLLECTOR
(781)575-6612 sdesjardinsC[o~vn.canton.ma.us
(781)821-5006
LOUIS M.JUTRAS
MEMORANDUM INFORMATION
SYSTEMS MANAGER
IjuU~asC'to~~~n.canton.ma.us
(781)821-5069
TO: Board of Selectmen
FROM: Jim Murgia, Finance Director ~
DATE: August 27, 2019
SUBJECT General Fund's Fiscal 2019 Operating Results
Having recently closed the books for fiscal 2019, 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, 2019
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for fiscal
2018 and 2019. The fiscal 2019 budgeted deficit of $3,612,809 was due to cash reserves used
for the following items:
Rink Renovations $1,500,000
Transfer to School SPED Reserve 700,000
Transfer to Stabilization Fund 500,000
Municipal Capital Projects 454,000
Pleasant Street Dam Project 275,000
Transfer to Solar Stabilization 100,000
Miscellaneous Budget Supplements 48,809
J uly 4~h (2019) 35,000
Total Cash Reserves Budgeted $3,612,809Source page 2
General Fund's Fiscal 2019 Operating Results
August 27, 2019
Page 2 of 2
Actual Revenues and Expenditures
Fiscal 2019 was an excellent year with revenues exceeding expenditures by $136,446.
Compared to the budgeted deficit of $3.6 million this operating surplus was $3.7 million better
than expected.
The reasons for these results are as follows:
Local Receipts (excise taxes, bldg. permits, misc. revenues, interest income) $2,343,875
Transfers from Other funds (Solar facility, insurance proceeds) 274,656
Tax Title Revenue 220,536
Property Tax Revenue 125,045
State Aid 20,177
Total Surplus revenue $2,984,289
Unspent appropriations (mostly municipal budgets and fixed costs) 764,966
Total $3,749,255
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2019 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 $5.5 million as of June
30, 2019. 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 2019, the Town's cash reserves have
increased to an estimated $16.4 million as follows:
Stabilization Fund $8,490,281
Free Cash Reserve 5,500,000
Surplus Overlay Reserve (net of pending ATB cases) 2,459,492
Total $16,449,773
These reserves amount to 16.4% of fiscal 2020's budget. In order to maintain our AAA bond
rating we target our reserves to be 15% of budget so we have achieved that goal in fiscal 2019.
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
Kathy Butters, Town Accountant
Jennifer Fischer-Mueller, Superintendent of Schools
Tim McKenna, Chair, Finance Committee
Kristin Mirliani, Chair, School Committee
Barry Nectow, School Business AdministratorSource page 3
SUMMARY OF REVENUES AND EXPENDITURES
CURRENT FISCAL YEAR PRIOR FISCAL YEAR
FY 2019 FY 2019 Actuals vs. FY 2018 FY 2018 Actuals vs.
Revised Budget' ACTUAL Revised Budget Revised Budget ACTUAL Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 76,454,654 76,579,699 125,045 72,975,332 73,016,.569 41,237
STATE AID 9,151,607 9,171,784 20,177 8,988,466 8,975,111 (13,355)
LOCAL RECEIPTS 6,772,736 9,116,611 2,343,875 6,468,816 8,344,719 1,875,903
TRANSFERS FROM OTHER FUNDS 2,626,374 2,901,030 274,656 2,490,524 2,680,855 190,331
TAX TITLE /FORECLOSURE REVENUE 0 220,536 220,536 0 297,266 297,266
TOTAL REVENUES 95,005,371 97,989,660 2,984,289 90,923,138 93,314,521 2,391,383
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 42,391,565 42,391,565 (0) 40,221,559 40,221,559 -
M UNICIPAL EXPENSES 21,005,242 20,692,633 312,609 20,269,076 19,888,601 380,475
FIXED COSTS 28,752,843 28,312,177 ' 440,666 28,160,270 27,903,049 257,221
TOTAL OPERATING EXPENSES 92,149,650 91,396,374 753,276 88,650,905 88,013,209 637,696
CASH CAPITAL EXPENDITURES 2,079,000 2,067,331 11,669 2,000,000 1,974,820 25,180
TRANSFERS TO STABILIZATION FUNDS 600,000 600,000 - 600,000 600,000 -
SPECIAL APPROPRIATIONS 2,558,809 2,558,809 (0) 1,173,042 1,173,042 -
STATE &COUNTY CHARGES 1,230,721
T 1,230,700 21 1,057,233 1,015,303 41,930
TOTAL EXPENDITURES 98,618,180 97,853,214 764,966 93,481,180 92,776,374 704,806
SURPLUS/(DEFICIT)-GENERAL FUND (3,612,809) 136,446 3,749,255 (2,558,042) 538,147 3,096,189
ATMDATA.xisx summary 8/14/2019Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY ?019 FY 2019 FY ?019 % OF FY 2018 FY ?019 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2018 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE %VARIANCE
O1-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 4,600,000 4,600,000 4,657,227 101.2 4,551,198 106,029 23
10012 REAL ESTATE TAXES 71,804,693 71,854,654 71,922,472 68,465,371 x _457.101 5.0
100.1
TOTAL: O1-PROPERTY TAXES 76,404,693 76,454,654 76,579,699 100.? 73,016,569 4.9
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 4,000,000 4,000,000 4,903,303 122.6 4,703,198 200,10 4.3
10016 OTHER EXCISE-HOTEL/MEALS TAX 550,000 550,000 617,749 1 12.E 603,8? 1 U,927 2.3
10017 PENALTIES &INTEREST 300,000 300,000 ?84,011 94.7 364,795 (80,784) (2?-~)
10018 PAYMENTS IN LIEU OF TAXES 242,736 242,736 242,736 100.0 236,816 5,920 2.5
10032 FEES 150,000 150,000 184,891 1233 150,461 34,431 22.9
10036 RENTALS ?00,000 ?00,000 ?27,884 1 ]3.9 ?00,528 27,356 13.6
10037 OTHER DEPARTMENT REVENUE 100,000 100,000 98,109 98.1 122,644 (24,535) (20.0)
10041 ALCOHOL LICENSES 70,000 70,000 90,410 1292 85,525 4,885 5.7
10042 OTHER LICENSES 80,000 80,000 71,740 89.7 84,858 (13,118) (15.5)
10045 PERMITS 750,000 750,000 1,095,731 146.1 1,064,773 30,958 2.9
10054 OTHER MISC FEDERAL REVENUE 0 0 3,511 0 3,511 0.0
0.0
10077 FINES AND FORFEITS 100,000 100,000 87,06? 87.1 1 14,905 (27,843) (24.2)
10082 EARNINGS ON INVESTMENTS 80,000 80,000 462,953 578.7 265,773 197,180 74.2
10084 OTHER MISC. REVENUE 50,000 50,000 536,624 10732 91,099 445,525 489.1
10085 REIMBURSEMENTS 100,000 100.000 209.898 209.9 255,523 (45_Fi?fil (17.9)
TOTAL: 02-LOCAL RECEIPTS ~ 777 '7:~ V ~/ /.'_.~/~V 7~11V~V 11 1JY.V 8,344,719 i i i,o7~ o:
10062 EDUCATION DIST & REIMB. 6,570,790 6,645,303 6,662,453 1003 6,513,649 148,804 2.;
10066 GEN GVMT REIMB & DISTRIB 2,502,453 ?,506,304 2,509,331 100.1 2,461,462 47,869 1.9
TOTAL: 03-STATE AID 9,073,243 9,151,607 9,171,784 100.? 8,975,111 196,673 2.2
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,626,374 2,626,374 2,901,030 110.5 ?,680,855 220,175 8.2
W:\Munis~IvICR Library\Budget reports\Canton Revenue Report.rpt Pale 1 of2 8/13/2019Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY ?019 FY 2019 FY 2019 % OF FY 2018 FY ?019 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTI~ FY 2018 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,626.374 2,901.030 110.5 ?,680,855 220,175 g.2
OS-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 220,536 0.0 297,266 (76,730) (25.8)
TOTAL: OS-TAX LIENS/FORECLOSURES p 0 220,536 0.0 297,266 (76,730) (25.8)
GRAND TOTAL 94,877,046 95,005,371 97,989,660 103.1 93,314,521 4,675,140 5.0
W:Wlunis~lVICR Library~Budget reports\Canton Revenue Report.rpt Page 2 of2 8/13/2019Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2018 - 2019
FISCAL YEAR 2018
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 19 FY19 June 30 FY 19 ENCUM. YTD FY 19 FY 19 FY 19
129 EXECUTIVE OFFICE 469,073 472,755 445,398 94.2 445,398 94.2 27,357 5.8 488,325 463,108 94.8
151 TOWN COUNSEL 266,300 338,056 350,667 103.7 361,644 107.0 (23,588) (7.0) 260,300 247,664 95.1
154 HUMAN RESOURCES DEPT 156,357 172,865 170,615 98.7 171,615 993 1,250 0.7 154,672 154,274 99.7
179 PLANNING DEPARTMENT 69,520 80,744 81,513 101.0 81,513 101.0 (769) (1.0) 69,520 52,269 752
195 TOWN REPORTS 2,500 2,500 2,709 1083 2,709 108.3 (209) (8.3) 4,500 1,777 39.5
244 SEALER OF WEIGHTS & MEAS 7,500 7,500 7,500 100.0 7,500 100.0 0 0.0 7,500 6,750 90.0
910 EMPLOYEE CONTRACT BENEFIT 350,454 140,000 143,822 102.7 143,822 102.7 (3,822) (2.7) 140,712 128.319 912
1,321,704 1,214,420 1,202,224 Ito i ncn i c~
TOTAL O1-Executive Branch 99.0 ],214,201 100.0 0.0 1,125,529 93.7
133 DIRECTOR OF FINANCE 192,168 195,881 195,810 100.0 195,810 100.0 71 0.0 192,170 191,563 99.7
135 ACCOUNTANT 216,421 218,385 225,785 103.4 225,785 103.4 (7,400) (3.4) 210,614 212,603 100.9
145 TREASURER/TAX COLLECTOR 214,352 215,697 203,895 94.5 203,895 94.5 1 1,802 5.5 212,791 198,741 93.4
I55 INFORMATION SYSTEMS 465,804 550,023 465,796 84.7 551,642 100.3 (1,619) (03) 495,555 414,949 83.7
1,088,745 1,179,986 1,091,286 92.5 1,177,132 99.8 2,853 i iii izn i niv occ
TOTAL 02-Finance Dept 0.2 91.6
176 ZONING BOARD 36,977 36,977 15,772 42.7 15,772 42.7 21,205 57.3 40,706 23,705 58.2
241 BUILDING DEPARTMENT 338,240 352,268 330,743 93.9 330,743 93.9 21,525 6.1 346,885 317,360 91.5
375,217 389,245 346,515 89.0 346,515 a~ ~zn 387,591 z ni ncc
TOTAL 03-Building &Zoning 89.0 11.0 $8.~
215 911 DISPATCHERS -FIRE 225,000 225,000 234,090 104.0 234.090 104.0 (9,090) (4.0) 250,608 250,583 100.0
220 FIRE DEPARTMENT 5,395,188 5,472,049 5,362,136 98.0 5,365,274 98.0 106,775 2.0 5,418,209 5,270,961 97.3
221 FIRE ALARMS,BOXES,ETC 22,975 22,975 15,726 68.4 15,726 68.4 7,249 31.6 22,975 15,231 663
231 AMBULANCE SERVICE 442,710 446,006 507,470 113.8 512,640 114.9 (66,634) (14.9) 414,066 505,083 122.0
232 UNMANNED AMBULANCE 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 2,200 220.0
291 EMERGENCY MANAGEMENT 27,500 28,538 28,253 99.0 28,253 99.0 284 1.0 24,000 20,233 843
TOTAL 06-Fire Dept 6,114,373 6,195,567 6.147,674 99.2 6,155,983 99.4 39,585 0.6 6,130,859 6,064,291 98.9
192 PUBLIC BLDGS/PROP MAINT 549,088 610,617 550,191 90.1 580,128 95.0 30,489 5.0 545,114 520,034 95.4
193 POLICE STATION MAINT. 0 0 0 0.0 0 0.0 0 0.0 60 60 100.0
194 PUBLIC SAFETY FACILITY 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
199 ARMANDO RECREATION FACILITY 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
\\usrdsks\desktopUcbutters~Desktop\Canton Expense Report FY19.rpt Page 1 of4 Date: 8/14/2019Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2018 - 2019
FISCAL YEAR 2018
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED EXPENAED '% OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 19 FY19 June 30 FY 19 ENCUM. Y1'D FY 19 FY 19 FY 19
400 PUBLIC WORKS ADMINISTRATI 336,316 340,746 253,345 74.4 253,345 74.4 87,401 25.6 334,678 338,814 101.2
410 ENGINEERING DEPARTMENT 229,770 238,177 234,939 98.6 240,556 101.0 (2,379) (].0) 237,981 238,221 100.1
420 HIGHWAY MAINTENANCE 993,906 1,014,707 985,954 97.2 1,041,749 102.7 (27,042) (2.7) 976,734 1,021,637 104.6
421 SIDEWALKS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
425 STREET SIGNS &TRAFFIC 51,700 55,278 69,531 125.8 73,730 ]33.4 (18,452) (33.4) 75,230 38,104 50.7
426 GAS &OIL FUND 86,190 86,190 47,960 55.6 47,960 55.6 38,230 44.4 87,190 48,566 55.7
427 HIGHWAY EQUIPMENT MAINT 301,755 323,568 386,965 1 19.6 434,506 1343 (110,937) (34.3) 307,351 315,530 102.7
491 CEMETERY MAINT 171,631 173,879 157,588 90.6 159,588 91.8 14,291 8.2 176,930 168,235 95.1
492 TREE DEPARTMENT 168,015 168,015 130,301 77.6 133,301 79.3 34,714 20.7 166,822 149,164 89.4
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 31,891 24,917 78.1 24,917 78.] 6,974 21.9 30,027 28,322 94.3
TOTAL 07-Public Works 2,918,371 3,043,069 2,841,690 93.4 2,989,780 98.2 53,289 1.8 2,938,118 2,866,687 97.6
542 YOUTH SERVICES 5,000 5,000 2,577 S 1.5 2,577 ~ 1.5 2,423 48.5 5,000 4,983 99.7
630 PARKS &RECREATION 724,515 728,909 727,969 99.9 729,859 100.1 (950) (0.1) 717,200 653,741 91.2
650 PARKS DEPARTMENT 50,000 50,000 0 0.0 0 0.0 50,000 ]00.0 0 0 0.0
TOTAL O8-Recreation & Playgr 779,515 783,909 730,546 93.2 732,436 93.4 51,473 6.6 722,200 658,725 912
210 POLICE DEPARTMENT 4,931,314 5,043,790 5,018,047 99.5 5,05,147 100.2 (11,357) (0.2) 4,891,373 4,849,079 99.I
292 ANIMAL CONTROL OFFICER 130,348 131,944 120,527 91.3 120,527 91.3 1 1,417 8.7 1 7R 7dR 1 14,553 89.3
TOTAL 09-Police &Animal Ctrl 5,061,662 S,U~,734 5,138,574 99.3 5,175,674 100.0 61 0.0 4,963,632 98.9
131 FINANCE COMMITTEE 11,500 12,500 12.368 98.9 12,368 98.9 132 1.1 1 3,017 13,017 100.0
149 WATER/SEWER RATE POLICY 1,000 0 0 0.0 0 0.0 0 0.0 1,000 0 0.0
182 CAPITAL OUTLAY &PLANNING 2,556 2,556 144 5.6 144 5.6 2,412 94.4 2,556 277 10.8
184 BUILDINGS RENOVATIONS COM 3,200 3,200 0 0.0 0 0.0 3,200 100.0 1,600 0 0.0
545 SUBSTANCE ABUSE COMMITTEE 10,000 10,000 4,347 43.5 4,347 43.5 5,653 56.5 9,983 9,831 98.5
546 WALK,BIKE &HIKE COMMITTEE 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 0 0.0
547 DISABILITY COMMISSION 900 900 0 0.0 0 0.0 900 100.0 2,565 0 0.0
691 HISTORICAL COMMISSION 3,669 3,669 1,586 51.4 1,886 51.4 1,783 48.6 3,669 943 25.7
692 BEAUTIFICATION COMMITTEE 1,378 1,378 0 0.0 0 0.0 1,378 100.0 1,378 0 0.0
\\usrdsks\desktopUcbutters~Desktop\Canton Expense Repoli FY19.rpt Page 2 of4 Date: 8/14/2019Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2018 - 2019
FISCAL YEAR 2018
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 19 FY19 June 30 FY l9 ENCUIN. YTD FY 19 FY 19 FY 19
TOTAL 10-Committees & Commissia 35,203 35,203 18,746 53.3 18,746 53.3 16,457 46.7 36,768 24,068 65.5
161 TOWN CLERK 205,808 207,021 204,689 98.9 204,689 98.9 2,332 1.1 206,142 196,350 952
163 ELECTIONS ®ISTRAR'S 58,175 69,]75 71,195 102.9 71,195 102.9 (2,020) (2.9) 1 15.1
32,150 37,019
TOTAL 11-Town Clerk &Elected 263,983 276,196 275,884 99.9 275,884 99.9 312 0.1 238,292 233,369 97.9
141 ASSESSORS 362,876 417,620 304,571 72.9 417,571 100.0 49 0.0 358,942 301,612 84.0
171 CONSERVATION COMMISSION 141,322 144,333 122,732 85.0 134,350 93.1 9,983 6.9 140,734 128,440 913
175 PLANNING BOARD 66,170 68,941 60,800 88.2 62,820 91.1 6,121 8.9 93.6
67,587 63,266
198 UNPAID BILLS 0 4,840 4,840 100.0 4,840 100.0 0 0.0 0 0.0
0
510 HEALTH DEPARTMENT 362,737 368,932 350,062 94.9 350,062 94.9 18,870 5.1 373,622 334,471 89.5
541 COUNCIL ON AGING 391,319 398,479 383,690 963 394,505 99.0 3,974 1.0 397,207 381,610 96.I
543 VETERANS SERVICES DEPARTMENT 293,913 295,231 243,682 82.5 243,682 82.5 51,549 17.5 292,909 250,964 85.7
544 PAUL REVERE HERITAGE COMM 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
610 LIBRARY 1,299,292 1,319,105 1,304,022 98.9 1,304,022 98.9 15,083 1.1 1,296,802 1,267,648 97.8
TOTAL 12-Stand Alone 2,917,629 3,017,480 2,774,398 91.9 2,911,851 96.5 105,630 3.5 2,927,803 ~ v~on~i 932
TOTAL 01-MUNICIPAL 20,876,402 21,310,810 20,567,535 96.5 20,998,201 98.5 312,610 1.5 20,637,910 19,951,866 96.7
710 PRINCIPAL PAYMENTS 3,757,421 3,757,421 3,712,421 98.8 3,712,421 98.8 45,000 1.2 3,814,933 3,797,933 99.6
751 LONG-TERM INTEREST PAYMENTS 769,717 769,717 870,091 113.0 870,091 113.0 (100,374) (13.0) 762,670 952,700 124.9
752 SHORT-TERM INTEREST PAYMENTS 1 12,000 112,000 (24,851) (22.2) (24,851) (22.2) 136,851 122.2 209,000 1 1,273 5.4
TOTAL 12-Debt Service 4,639,138 4,639,138 4,557,661 98.2 4,557,661 98.2 81,477 1.8 4,786,603 n mac, one 99.5
132 RESERVE FUND 500,000 216,000 0 0.0 0 0.0 216,000 100.0 0 0 0.0
422 STREET LIGHTING 85,000 95,966 86,783 90.4 89,765 93.5 6,20] 6.5 101,401 87.5
88,745
423 SNOW &ICE REMOVAL 600,500 714,500 714,458 100.0 7]4,458 100.0 42 0.0 775,500 774,1 I S 99.8
433 TRASH COLLECTION 1,961,119 2,008,894 1,952,943 97.2 1,999,744 99.5 9,150 0.5 1,961,119 1,895,014 96.6
840 BLUE HILLS REGIONAL 1,214,066 1,214,066 1,207,788 99.5 1,207,788 99.5 6,278 0.5 1,164,066 1.,160,586 99.7
841 NORFOLK COUNTY AGRICULTR HS 20,000 20,000 13,755 68.8 13,755 68.8 6,245 31.2 20,000 ]4,696 73.5
911 RETII2EMENT BENEFITS 5,249,494 5,249,494 5,249,461 100.0 5,249,461 100.0 33 0.0 4,799,947 4,799,914 100.0
\\usrdsks\desktopUcbutters~Desktop\Canton Expense Report FY19.rpt Pale 3 of4 Date: 8/14/2019Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2018 - 2019
FISCAL YEAR 2018
ORIGWAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINWG % OF REVISED EXPENDED % OF
BUDGET BUDGET THRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 19 FY19 June 30 FY 19 ENCUM. YI'D FY 19 FY 19 FY 19
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 12,596,658 12,469,658 12,419,882 99.6 12,428,532 99.7 41,126 0.3 12,200,467 12,133,261 99.4
915 EMPLOYER SHARE-LIFE INS 62,250 62,250 60,202 96.7 60,202 96.7 2,048 33 60,000 59,994 100.0
946 TOWN INSURANCE 1,205,700 1,209,715 1,137,649 94.0 1,137,649 94.0 72,066 6.0 1,215,9]8 1,076,813 88.6
990 TRANSFERS 0 15,918 15,918 100.0 15,918 100.0 0 0.0 0 0 0.0
993 OPEB TRANSFER 800,000 800,000 800,000 100.0 800,000 100.0 0 0.0 1,000,000 ],000,000 100.0
TOTAL 15-Mist. Fired 24,394,787 24,176,461 23,758,840 98.3 23,817,272 98.5 359,189 I.5 23,398,418 23,103,137 98.7
TOTAL 02-FIXED EXPENSES 29,033,925 28,815,599 28,316,500 98.3 28,374,933 98.5 440,667 1.5 28,185,021 27,865,043 98.9
300 SCHOOL DEPARTMENT 42,396,405 45,189,344 42,327,059 93.7 45,189,344 100.0 0 0.0 42,867,439 40,069,659 93.5
TOTAL 17-SchoolAdmin 42,396,405 45,189,344 42,327,059 93.7 45,189,344 100.0 0 0.0 42,867,439 40,069,659 93.5
TOTAL 03-SCHOOL 42,396,405 45,189,344 42,327,059 93.7 45,189,344 100.0 0 0.0 42,867,439 40,069,659 93.5
820 CHERRY SHEET ASSESSMENTS 856,080 1,016,487 1,016,466 100.0 1,016,466 100.0 21 0.0 848,224 806,294 95.1
830 COUNTY TAX-CHERRY SHEET 214,234 214,234 214,234 100.0 214,234 100.0 0 0.0 209,009 209,009 100.0
TOTAL 19-State &County Chgs 1,070,314 1,230,721 1,230,700 100.0 1,230,700 100.0 21 0.0 1,057,233 1,015,303 96.0
TOTAL OS-STATE & COiJNT']' CHGS 1,070,314 1,230,721 1,230,700 100.0 1,230,700 100.0 21 0.0 1,057,233 1,015,303 96.0
GRAND TOTALS: 93,377,046 96,546,475 92,441,795 95.7 95,793,178 99.2 753,297 0.8 92,747,602 88,901,871 95.9
Uusrdsks\desktop~Icbutters~Desktop\Canton Expense Report FY19.rpt Page 4 of4 Date: 8/14/2019Source page 10
TOWN OF CANTON, MASSACHUSETTS
Combined Balance Sheet -All Fund Types and Account Groups
as of June 30,2019 (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 equivalenu 17,538,910.40 11,582,340.62 6,649,438.24 5,314,098.84 6,865,841.45 16,269,fi00.96 - 64,220,230.51
Receivables:
Personal property taxes 54,46233 - - - - - - 54,462.33
Real estate taxes 103,919.15 - - - - - - 103,919.15
Allowance for abatements and exemptions (3,984,996.61) - - - - - - (3,984,996.61)
Special assessments - - - 484,760.46 - - - 484,760.46
Tax liens 785,428.70 4,275.28 - 31,186.52 - - - 820,890.50
Tax foreclosures 523,968.40 - - - - - - 523,968.40
Motor vehicle excise 681,297.74 - - - - - - 681,297.74
Utility Charges - - - 405,674.01 - - - 405,674.01
Departmental - 794,040.55 - 19,710.00 - - - 813,750.55
Duefrom other governmenu 1,551,790.00 - - - - - - 1,551,790.00
Prepaids 1,609.09 - - - 61,800.00 - - 63,409:09
Amounts to be provided -payment of bonds - 1,849,000.00 - 21,540,355.00 - - 23,365,121.86 46,754,476.86
Total Assets 17,256,389.20 14,229,656.45 6,649,438.24 27,795,784.83 6,927,641.45 16,269,600.96 23,365,121.86 112,493,632.99
LIABILITIES AND FUND EQUITY
Liabilities:
Deferred revenue
Real and personal property taxes (3,$26,615.13) - - - - - - (3,826,615.13)
Special assessments - - - 484,760.46 - - - 484,760.46
Tax liens 785,428.70 4,275.28 - 31,186.52 - - - 820,890.50
Tax foreclosures 523,968.40 - - - - - - 523,968.40
Motor vehicle excise 681,297.74 - - - - - - 681,297.74
Utility Charges - - - 405,674.01 - - - 405,674.01
Departmental - 794,040.55 - 19,710.00 - - - 813,750.55
Due from other governmenu 981,157.00 - - - - - - 981,157.00
Accounts payable 1,381,800.81 213,025.13 855,79739 49,961.52 1,273,40136 30,814.93 - 3,804,801.14
Accrued payroll and withholdings 1,244,531.21 32,829.12 936.90 27,176.52 - 580.14 - 1,306,053.89
Other liabilities 35,69338 550.00 - 8,596.82 - 999,100.74 - 1,043,940.94
IBNR - - - - 884,633.00 - - 884,633.00
Bonds payable - 1,849,000.00 21,540,355.00 - - 23,365,121.86 46,754,476.86
Notes payable - - 2,500,000.00 - - - - 2,500,000.00
Total Liabilities 1,807,262.11 2,893,720.08 3,356,734.29 22,567,420.85 2,158,034.36 1,030,495.81 23,365,121.86 57,178,78936
Fund Equity:
Reserved for encumbrances 3,707,910.97 - - 1,049,299.97 - - - 4,757,210.94
Reserved for expenditures 1,200,000.00 - - 505,000.00 - - - 1,705,000.00
Reserved for continuing appropriations 619,796.12 - 3,292,703.95 - - - - 3,912,500.07
Reserved for petty cash 200.00 - - 50.00 - - - 250.00
Reserved fund balance 110,803.00 - - - 61,800.00 - - 172,603.00
Undesignated fund balance 9,810,417.00 11,335,936.37 - - 4,707,807.09 15,239,105.15 - 41,093,265.61
Unreserved retained earnings - - - 3,674,014.01 - - - 3,674,014.01
Total Fund Equity 15,449,127.09 11,335,93637 3,292,703.95 5,228,363.98 4,769,607.09 15,239,105.15 - 55,314,843.63
Total Liabilities and Fund Equity 17,256,389.20 14,229,656.45 6,649,438.24 27,795,784.83 i 6,927,641.45 16,269,600.96 23,365,121.86 112,493,632.99
Fy 19 balance sheets.xlsx Combined Balance Sheet 8/27/2019