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General Fund FYE25 Operating Results Memo pdf file
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DEPARTMENT OF FINANCE
TOWN OF CANTON, MASSACHUSETTS
SUSAN E. DESJARDINS
MEMORIAL HALL
ASST. TREASURER/COLLECTOR
801 WASHINGTON STREET sdesjardins@town.canton.ma.us
WILLIAM R. SCOLLINS III CANTON, MA 02021
FINANCE DIRECTOR (781) 821-5006
PHONE: 781-575-6610
rscollins@town.canton.ma.us LOUIS M. JUTRAS
FAX: 781-575-6608
(781) 575-6612 INFORMATION SYSTEMS MANAGER
town.canton.ma.us
ljutras@town.canton.ma.us
ALLYSON M. PODGURSKI
(781) 821-5069
TOWN ACCOUNTANT
apodgurski@town.canton.ma.us CODY M. PRATT
(781) 575-6605 ASSISTANT TOWN ACCOUNTANT
cpratt@town.canton.ma.us
(781) 821-5011
Memorandum
TO: The Honorable Town of Canton Select Board
FROM: Randy Scollins, Finance Director
DATE: August 25, 2025
SUBJECT: General Fund Fiscal 2025 Operating Results
Having recently closed the books for fiscal 2025, 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, 2025
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for
fiscal 2024 and 2025. The fiscal 2025 budgeted deficit of $6,320,167.63 was due to the
planned use of cash reserves for the following items and offsets by budget adjustments:
Public Safety Communications Network Replace $1,619,700
Transfer to School SPED Reserve 1,600,000
Capital Stabilization Deposit – Galvin Middle School earmark 1,000,000
1860 Washington St. Stabilization Deposit 1,000,000
Road Improvements Supplement 1,000,000
Transfer to Opioid Fund 153,936.97
July 4th Community Celebration 35,000
By-Law Modernization Committee 22,000
Conservation Land Fund 7,500
Community Recognition 5,000
Total Cash Reserves $6,443,136.97
Less Budget Adjustments -122,969.34
Net Cash Reserves $6,320,167.63Source page 2
General Fund Fiscal 2025 Operating Results
August 25, 2025
Page 2 of 4
Actual Revenues and Expenditures
Fiscal 2025 was a positive year for the Town, financially speaking, with revenues coming in
less than expenditures by $1,124,969. Compared to the budgeted deficit of $6.32 million the
total FY 2025 operating surplus was $5.195 million better than plan.
The revenue and expenditure variances to plan are as follows:
Local Receipts (e.g., excise taxes, interest earnings, bldg. permits, PILOT pmts.) $4,180,147
Property Tax Revenue (98.62% collection rate w/in year of tax) 266,367
Tax Title Revenue 217,557
State Aid 58,824
Transfers from Other funds (entire variance from Solar facility) -32,415
Total Revenue Surplus $4,690,480
Unspent appropriations (municipal budgets, fixed costs & State assessments) 504,718
Total Variance to Plan $5,195,198
FYE 2025 revenue performance was improved by a variety of factors impacting three of the
four primary revenue categories, Property Taxes, Local Receipts, Transfers and State Aid.
Local Receipts continued their strong performance in FY ’25, beating budget by $4.18MM
and prior year by $484K. The expectation is that at least $1.5MM in excess local receipts
are collected, consistent with prior financial plans, in order to “recharge” Free Cash.
Local Receipts variances to plan are as follows:
Earnings on Investments $1,563,420
(18.3% reduction vs. prior year – The Town’s Treasury division continued to actively manage
its cash investments to take advantage of current, yet declining, interest rate environment.)
Motor Vehicle Excise (9.5% improvement over prior year.) 1,305,270
Building and Related Permits 283,795
Meals Excise 237,037
($637K - Highest on Record by 13%, reflecting full year addition of Top Golf)
School Medicaid Reimbursements (Highly variable) 225,534
Payments In Lieu of Taxes 151,307
Hotel Excise ($639K reflects a 7.8% reduction from prior year) 138,617
Penalties & Interest 130,092
Miscellaneous Receipts (Entire variance associated with 111F reimbursement) 94,002
All Other 6 Local Receipts Categories 51,073
Total Local Receipts Variance to Plan $4,180,147
Property Tax revenue collections for FY 2025 were $266K more than budget. The
collection rate of 98.62% on FY ‘25 net property taxes in FY ’25 was 0.04% higher than FY
’24. The collection rate is typically over 99%. As of this writing the FY ’25 collection rate is
98.88%Source page 3
General Fund’s Fiscal 2025 Operating Results
August 25, 2025
Page 3 of 4
“New Property Tax Growth” came in higher than plan. Real Estate and Personal Property
New Growth taxes were $390K and $232K more than plan, respectively, or $622,221 better
than plan combined.
State Aid came in $58.8K higher than budget, with $55.4K associated with net increases in
General Government accounts, and $3.4K associated with increases in Education accounts.
As noted above, funding from Transfers were less than plan by $32,415 due to multiple
negative trends related to the Town’s solar fields. First, the weighted average rate received
for Net Metering Credits (NMC) was down from prior year by 2.55 cents per kilowatt. The
NMC rates do vary as they are impacted by market prices, which are reset twice per year by
the DPU. Second, total kilowatts generated by the solar fields was down by 105,240 Kwh’s,
or 1.66%. Third, the rate paid to the solar company for the Kwh’s increased by 0.99 cents, or
4.17% as per the contractual agreement.
On the Expenditure side, it was another positive year with $504,718 in appropriation turn
backs for FY ’25 with the top 12 returning the following:
Library $82,526
Executive Branch 78,194
Town General Insurance 63,094
Health Department 56,838
Recreation Department 41,450
Veterans Department 34,492
Finance Department 34,287
State & County Assessments 27,568
Retirement Benefits 24,837
Street Lighting 13,147
Elder & Human Services 10,763
Building & Zoning 10,521
All 20 Other Voted Budgets 27,001
Total Appropriation Turn Backs $504,718
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2025 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 $8.9 million as of June
30, 2025. Please know that the final determination as to the Town’s free cash reserve is
made by the Department of Revenue in the Fall.
As an outcome of the operating results from fiscal 2025, the Town’s estimated cash reserves
have decreased by ~$957 thousand to $25.2 million as follows:Source page 4
General Fund’s Fiscal 2025 Operating Results
August 25, 2025
Page 4 of 4
Stabilization Fund $ 11,223,440
Free Cash Reserve (estimated) 8,900,000
Surplus Overlay Reserve (net of pending ATB cases) 5,076,665
Total $ 25,200,105
These reserves amount to 18.64% of the fiscal 2026 budget. In efforts to maintain the
Town’s AAA bond rating we target the reserves to be 15% of budget and we have achieved
that goal again in fiscal 2025.
I hope you will find this information to be useful. If you have any questions or comments,
please contact me and I’ll be happy to discuss.
Attachments
cc: Charles Doody, Town Administrator
Derek Folan, Superintendent of Schools
Brian Lynch, Assistant Superintendent of Finance & Operations
Emilio Mauro, Chair, Finance Committee
Kendall O'Halloran, Chair, School Committee
Allyson Podgurski, Town AccountantSource page 5
SUMMARY OF REVENUES AND EXPENDITURES
CURRENT FISCAL YEAR PRIOR FISCAL YEAR
FY 2025 FY 2025 Actuals vs. FY 2024 FY 2024 Actuals vs.
Revised Budget ACTUAL Revised Budget Revised Budget ACTUAL Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE (Excludes Overlay) 97,596,491 97,862,858 266,367 93,691,340 94,156,371 465,031
STATE AID (Excludes GMS MSBA Reimbursements) 11,910,310 11,969,134 58,824 11,539,764 11,550,752 10,988
LOCAL RECEIPTS 10,163,307 14,343,454 4,180,147 9,250,000 13,858,984 4,608,984
TRANSFERS FROM OTHER FUNDS 4,010,220 3,977,805 (32,415) 3,789,723 4,274,802 485,079
TAX TITLE / FORECLOSURE REVENUE 217,557 217,557 0 163,001 163,001
TOTAL REVENUES 123,680,328 128,370,808 4,690,480 118,270,827 124,003,912 5,733,085
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 56,260,842 56,260,842 0 53,915,543 53,979,606 (64,063)
MUNICIPAL EXPENSES 28,220,262 27,846,076 374,186 26,637,741 26,554,375 83,366
279,526
FIXED COSTS 35,414,789 35,311,825 102,964 34,002,957 33,620,015 382,942
(352,494)
TOTAL OPERATING EXPENSES 119,895,893 119,418,743 477,150 114,556,241 114,153,996 402,245
(72,968)
CASH CAPITAL EXPENDITURES 2,102,000 2,102,000 0 2,131,000 2,131,000 0
TRANSFERS TO STABILIZATION FUNDS 2,000,000 2,000,000 0 1,000,000 1,000,000 0
SPECIAL APPROPRIATIONS 4,443,137 4,443,137 0 3,796,577 3,796,577 0
STATE & COUNTY CHARGES 1,559,466 1,531,898 27,568 1,583,586 1,504,688 78,898
TOTAL EXPENDITURES 130,000,496 129,495,778 504,718 123,067,404 122,586,261 481,143
SURPLUS/(DEFICIT) - GENERAL FUND (6,320,167.63) (1,124,969) 5,195,198 (4,796,577) 1,417,651 6,214,228
ATMDATA - 8-20-25.xlsx FYE 25 GF Summary 8/25/2025Source page 6
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2025 FY 2025 FY2025 % OF FY 2024 FY 2024 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2024 YTD ACTUAL
BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
BUDGET
01-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 6,218,177 6,218,177 568,563 9.6
6,509,414 104.7 5,940,851
10012 REAL ESTATE TAXES 91,378,314 91,378,314 3,137,923 3.6
91,353,444 100.0 88,215,521
TOTAL: 01-PROPERTY TAXES 97,596,491 97,596,491 97,862,858 100.3 94,156,371 3,706,487 3.9
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 4,823,307 4,823,307 529,411 9.4
6,173,577 128.0 5,644,166
10016 OTHER EXCISE-HOTEL/MEALS TAX 900,000 900,000 19,284 1.5
1,275,654 141.7 1,256,370
10017 PENALTIES & INTEREST 285,000 285,000 68,141 19.6
415,092 145.6 346,951
10018 PAYMENTS IN LIEU OF TAXES 1,900,000 1,900,000 57,789 2.9
2,051,307 108.0 1,993,518
10032 FEES 175,000 175,000 10,146 6.8
159,522 91.2 149,375
10036 RENTALS 50,000 50,000 1,182 2.5
48,441 96.9 47,259
10037 OTHER DEPARTMENT REVENUE 100,000 100,000 17,461 21.9
97,098 97.1 79,638
10041 ALCOHOL LICENSES 85,000 85,000 250 0.3
81,075 95.4 80,825
10042 OTHER LICENSES 75,000 75,000 (13,386) (12.4)
94,615 126.2 108,000
10045 PERMITS 900,000 900,000 124,268 11.7
1,183,795 131.5 1,059,527
10077 FINES AND FORFEITS 55,000 55,000 (7,748) (10.6)
65,325 118.8 73,074
10082 EARNINGS ON INVESTMENTS 600,000 600,000 (485,441) (18.3)
2,163,420 360.6 2,648,860
10084 OTHER MISC. REVENUE 100,000 100,000 71,537 58.4
194,002 194.0 122,465
10085 REIMBURSEMENTS 115,000 115,000 108,018 46.5
340,534 296.1 232,516
TOTAL: 02-LOCAL RECEIPTS 10,163,307 10,163,307 14,343,454 141.1 13,858,984 484,470 3.5
03-STATE AID
10062 EDUCATION DIST & REIMB. 8,795,394 8,795,394 242,097 2.7
9,195,877 104.6 8,953,780
10066 GEN GVMT REIMB & DISTRIB 2,892,672 2,892,672 105,306 3.7
2,942,853 101.7 2,837,547
TOTAL: 03-STATE AID 11,688,066 11,688,066 12,138,730 103.9 11,791,327 347,403 2.9
W:\Munis\MCR Library\Budget reports\2020\Canton Revenue Report.rpt Page 1 of 2 8/8/2025Source page 7
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2025 FY 2025 FY2025 % OF FY 2024 FY 2024 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2024 YTD ACTUAL
BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
BUDGET
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 4,010,220 4,010,220 541,328 12.7
4,816,130 120.1 4,274,802
TOTAL: 04-TRNS. FROM OTHER FUNDS 4,010,220 4,010,220 4,816,130 120.1 4,274,802 541,328 12.7
05-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 54,556 33.5
217,557 0.0 163,001
TOTAL: 05-TAX LIENS/FORECLOSURES 0 0 217,557 0.0 163,001 54,556 33.5
GRAND TOTAL 123,458,084 123,458,084 129,378,730 104.8 124,244,487 5,134,243 4.1
W:\Munis\MCR Library\Budget reports\2020\Canton Revenue Report.rpt Page 2 of 2 8/8/2025Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2024 - 2025
FISCAL YEAR 2024
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 25 FY 25 June 30 FY 25 ENCUM. YTD FY 25 FY 25 FY 25
129 EXECUTIVE OFFICE 574,503 580,143 565,956 97.6 567,951 97.9 12,192 2.1 551,521 534,460 96.9
151 TOWN COUNSEL 301,040 271,467 250,344 92.2 251,231 92.5 20,236 7.5 303,558 241,620 79.6
154 HUMAN RESOURCES DEPT 239,190 245,352 231,243 94.2 244,683 99.7 669 0.3 233,791 246,688 105.5
179 PLANNING DEPARTMENT 121,157 124,039 104,687 84.4 104,687 84.4 19,353 15.6 115,305 118,025 102.4
195 TOWN REPORTS 3,150 3,150 3,452 109.6 3,452 109.6 (302) (9.6) 3,150 3,150 100.0
244 SEALER OF WEIGHTS & MEAS 7,500 7,500 7,500 100.0 7,500 100.0 0 0.0 7,500 7,500 100.0
910 EMPLOYEE CONTRACT BENEFIT 876,075 322,228 167,095 51.9 296,183 91.9 26,046 8.1 169,027 165,188 97.7
TOTAL 01-Executive Branch 2,122,615 1,553,880 1,330,276 85.6 1,475,686 95.0 78,194 5.0 1,383,851 1,316,631 95.1
133 DIRECTOR OF FINANCE 251,850 254,784 253,625 99.5 253,625 99.5 1,159 0.5 246,074 246,427 100.1
135 ACCOUNTANT 319,804 320,803 302,325 94.2 303,325 94.6 17,478 5.4 327,589 304,197 92.9
145 TREASURER/TAX COLLECTOR 251,654 254,368 237,983 93.6 237,983 93.6 16,386 6.4 244,190 234,486 96.0
155 INFORMATION SYSTEMS 712,497 840,694 711,734 84.7 841,431 100.1 (737) (0.1) 807,595 681,108 84.3
TOTAL 02-Finance Dept 1,535,805 1,670,649 1,505,665 90.1 1,636,362 97.9 34,287 2.1 1,625,448 1,466,218 90.2
176 ZONING BOARD 11,909 11,909 7,984 67.0 7,984 67.0 3,925 33.0 11,909 7,176 60.3
241 BUILDING DEPARTMENT 432,404 438,192 431,401 98.5 431,596 98.5 6,596 1.5 427,564 419,801 98.2
TOTAL 03-Building & Zoning 444,313 450,101 439,385 97.6 439,580 97.7 10,521 2.3 439,473 426,977 97.2
215 911 DISPATCHERS - FIRE 290,570 290,570 290,570 100.0 290,570 100.0 0 0.0 282,046 282,046 100.0
220 FIRE DEPARTMENT 6,972,468 7,287,720 6,992,547 95.9 7,156,438 98.2 131,282 1.8 7,136,147 6,731,177 94.3
221 FIRE ALARMS, BOXES, ETC 26,900 26,900 3,608 13.4 3,608 13.4 23,292 86.6 26,900 13,840 51.4
231 AMBULANCE SERVICE 502,276 546,221 672,236 123.1 705,339 129.1 (159,118) (29.1) 516,764 644,610 124.7
232 UNMANNED AMBULANCE 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
291 EMERGENCY MANAGEMENT 28,650 32,670 24,106 73.8 28,126 86.1 4,544 13.9 32,670 20,407 62.5
TOTAL 06-Fire Dept 7,820,864 8,184,080 7,983,067 97.5 8,184,080 100.0 0 0.0 7,994,526 7,692,080 96.2
192 CENTRAL MAINTENANCE 1,505,740 1,535,403 1,440,944 93.8 1,524,791 99.3 10,612 0.7 1,502,521 1,368,700 91.1
400 PUBLIC WORKS ADMINISTRATI 458,189 479,023 459,467 95.9 460,467 96.1 18,555 3.9 455,776 405,310 88.9
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 1 of 4 Date: 8/8/2025Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2024 - 2025
FISCAL YEAR 2024
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 25 FY 25 June 30 FY 25 ENCUM. YTD FY 25 FY 25 FY 25
410 ENGINEERING DEPARTMENT 323,357 359,301 431,104 120.0 431,254 120.0 (71,953) (20.0) 337,474 347,750 103.0
420 HIGHWAY MAINTENANCE 1,293,297 1,335,297 1,350,588 101.1 1,352,988 101.3 (17,691) (1.3) 1,212,382 1,338,265 110.4
425 STREET SIGNS & TRAFFIC 62,100 65,656 53,385 81.3 56,005 85.3 9,651 14.7 66,040 82,615 125.1
426 GAS & OIL FUND 65,190 65,190 70,696 108.4 70,696 108.4 (5,506) (8.4) 61,190 60,674 99.2
427 HIGHWAY EQUIPMENT MAINT 438,937 634,144 632,560 99.8 635,633 100.2 (1,489) (0.2) 437,262 506,887 115.9
491 CEMETERY MAINT 210,057 210,057 155,824 74.2 155,824 74.2 54,233 25.8 193,287 125,140 64.7
492 TREE DEPARTMENT 187,491 187,491 173,871 92.7 173,871 92.7 13,620 7.3 172,115 170,400 99.0
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 32,433 108.1 32,433 108.1 (2,433) (8.1) 30,000 30,496 101.7
TOTAL 07-Public Works 4,574,358 4,901,561 4,800,873 97.9 4,893,963 99.8 7,599 0.2 4,468,046 4,436,237 99.3
542 YOUTH SERVICES 5,500 5,500 7,534 137.0 7,534 137.0 (2,034) (37.0) 5,000 5,493 109.9
630 PARKS & RECREATION 1,064,308 1,067,028 1,030,720 96.6 1,034,836 97.0 32,192 3.0 1,016,840 912,037 89.7
650 PARKS DEPARTMENT 76,000 84,910 58,337 68.7 73,617 86.7 11,293 13.3 82,144 72,352 88.1
TOTAL 08-Recreation & Playgr 1,145,808 1,157,438 1,096,592 94.7 1,115,988 96.4 41,450 3.6 1,103,985 989,882 89.7
210 POLICE DEPARTMENT 6,151,931 6,525,967 6,504,267 99.7 6,535,425 100.1 (9,459) (0.1) 6,166,758 6,155,925 99.8
292 ANIMAL CONTROL OFFICER 141,052 143,063 133,605 93.4 133,605 93.4 9,458 6.6 139,514 133,188 95.5
TOTAL 09-Police & Animal Ctrl 6,292,983 6,669,030 6,637,872 99.5 6,669,030 100.0 0 0.0 6,306,272 6,289,112 99.7
131 FINANCE COMMITTEE 12,500 12,500 21,992 175.9 21,992 175.9 (9,492) (75.9) 12,500 18,372 147.0
177 SUSTAINABILITY COMMITTEE 3,000 3,000 1,542 51.4 1,542 51.4 1,458 48.6 3,000 0 0.0
182 CAPITAL OUTLAY & PLANNING 2,726 2,726 2,346 86.0 2,346 86.0 380 14.0 2,556 1,353 52.9
184 BUILDINGS RENOVATIONS COM 3,200 3,200 0 0.0 0 0.0 3,200 100.0 3,200 0 0.0
545 SUBSTANCE ABUSE COMMITTEE 10,000 14,200 0 0.0 4,200 29.6 10,000 70.4 15,850 3,451 21.8
546 WALK,BIKE & HIKE COMMITTEE 2,000 2,000 55 2.8 55 2.8 1,945 97.3 2,000 0 0.0
547 DISABILITY COMMISSION 400 400 0 0.0 0 0.0 400 100.0 400 0 0.0
691 HISTORICAL COMMISSION 3,669 3,669 3,500 95.4 3,500 95.4 169 4.6 3,669 3,200 87.2
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 2 of 4 Date: 8/8/2025Source page 10
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2024 - 2025
FISCAL YEAR 2024
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 25 FY 25 June 30 FY 25 ENCUM. YTD FY 25 FY 25 FY 25
692 BEAUTIFICATION COMMITTEE 692 692 0 0.0 0 0.0 692 100.0 692 0 0.0
TOTAL 10-Committees & Commissions 38,187 42,387 29,435 69.4 33,635 79.4 8,752 20.6 43,867 26,376 60.1
161 TOWN CLERK 277,115 287,456 287,488 100.0 287,738 100.1 (282) (0.1) 242,951 242,059 99.6
163 ELECTIONS & REGISTRAR'S 94,848 105,895 103,288 97.5 105,162 99.3 733 0.7 89,800 89,250 99.4
TOTAL 11-Town Clerk & Elected 371,963 393,351 390,776 99.3 392,900 99.9 451 0.1 332,751 331,310 99.6
141 ASSESSORS 415,666 348,666 336,071 96.4 344,071 98.7 4,595 1.3 413,140 325,310 78.7
171 CONSERVATION COMMISSION 175,368 184,185 177,819 96.5 180,519 98.0 3,666 2.0 183,644 172,379 93.9
175 PLANNING BOARD 83,413 89,269 88,882 99.6 88,882 99.6 387 0.4 80,342 75,172 93.6
198 UNPAID BILLS 0 274 274 100.0 274 100.0 0 0.0 0 0 0.0
510 HEALTH DEPARTMENT 449,115 452,708 392,277 86.7 395,870 87.4 56,838 12.6 455,643 375,549 82.4
541 ELDER & HUMAN SERVICES 495,956 514,161 503,397 97.9 503,397 97.9 10,763 2.1 474,781 474,781 100.0
543 VETERANS SERVICES DEPARTMENT 287,358 295,907 251,080 84.9 261,415 88.3 34,492 11.7 337,544 263,725 78.1
544 REVERE & SON HERITAGE TRUST 88,783 88,783 89,008 100.3 89,008 100.3 (225) (0.3) 66,200 65,959 99.6
548 DIVERSITY EQUITY & INCLUSION 6,500 6,500 6,610 101.7 6,610 101.7 (110) (1.7) 6,500 4,852 74.6
610 LIBRARY 1,591,681 1,595,940 1,513,415 94.8 1,513,415 94.8 82,526 5.2 1,434,034 1,432,657 99.9
TOTAL 12-Stand Alone 3,593,840 3,576,394 3,358,833 93.9 3,383,461 94.6 192,933 5.4 3,451,829 3,190,384 92.4
TOTAL 01-MUNICIPAL 27,940,736 28,598,872 27,572,774 96.4 28,224,686 98.7 374,186 1.3 27,150,047 26,165,206 96.4
710 PRINCIPAL PAYMENTS 3,258,613 3,258,613 3,251,212 99.8 3,251,212 99.8 7,401 0.2 3,557,551 3,557,311 100.0
751 LONG-TERM INTEREST PAYMENTS 1,116,274 1,116,274 1,123,675 100.7 1,123,675 100.7 (7,401) (0.7) 1,106,931 1,107,168 100.0
752 SHORT-TERM INTEREST PAYMENTS 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
TOTAL 12-Debt Service 4,374,887 4,374,887 4,374,887 100.0 4,374,887 100.0 0 0.0 4,664,482 4,664,480 100.0
132 RESERVE FUND 600,000 0 0 0.0 0 0.0 0 0.0 159,000 0 0.0
422 STREET LIGHTING 97,000 100,046 85,588 85.5 86,899 86.9 13,147 13.1 97,000 75,447 77.8
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 3 of 4 Date: 8/8/2025Source page 11
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2024 - 2025
FISCAL YEAR 2024
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 25 FY 25 June 30 FY 25 ENCUM. YTD FY 25 FY 25 FY 25
423 SNOW & ICE REMOVAL 650,500 846,274 846,274 100.0 846,274 100.0 0 0.0 650,500 490,500 75.4
433 TRASH COLLECTION 2,676,652 2,740,522 2,686,332 98.0 2,745,307 100.2 (4,785) (0.2) 2,612,246 2,596,815 99.4
840 BLUE HILLS REGIONAL 1,759,530 1,759,530 1,753,230 99.6 1,753,230 99.6 6,300 0.4 1,770,018 1,770,018 100.0
841 NORFOLK COUNTY AGRICULTR HS 50,000 52,531 52,531 100.0 52,531 100.0 0 0.0 50,000 30,184 60.4
911 RETIREMENT BENEFITS 7,569,612 7,569,612 7,544,775 99.7 7,544,775 99.7 24,837 0.3 7,323,368 7,301,239 99.7
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 13,741,273 13,741,273 13,741,273 100.0 13,741,273 100.0 0 0.0 13,242,449 13,242,449 100.0
915 EMPLOYER SHARE-LIFE INS 62,250 62,250 58,833 94.5 58,833 94.5 3,417 5.5 62,250 59,297 95.3
946 TOWN INSURANCE 1,664,092 1,740,869 1,533,940 88.1 1,677,775 96.4 63,094 3.6 1,639,548 1,396,908 85.2
990 TRANSFERS 1,071,488 1,071,488 1,082,127 101.0 1,082,127 101.0 (10,639) (1.0) 523,440 548,186 104.7
993 OPEB TRANSFER 1,350,000 1,350,000 1,350,000 100.0 1,350,000 100.0 0 0.0 1,250,000 1,250,000 100.0
TOTAL 15-Misc. Fixed 31,392,397 31,134,394 30,834,902 99.0 31,039,023 99.7 95,371 0.3 29,479,820 28,861,043 97.9
TOTAL 02-FIXED EXPENSES 35,767,284 35,509,281 35,209,790 99.2 35,413,911 99.7 95,371 0.3 34,144,302 33,525,523 98.2
300 SCHOOL DEPARTMENT 56,038,598 61,678,471 61,665,426 100.0 61,678,471 100.0 0 0.0 57,613,288 52,259,722 90.7
TOTAL 17-School Admin 56,038,598 61,678,471 61,665,426 100.0 61,678,471 100.0 0 0.0 57,613,288 52,259,722 90.7
TOTAL 03-SCHOOL 56,038,598 61,678,471 61,665,426 100.0 61,678,471 100.0 0 0.0 57,613,288 52,259,722 90.7
820 CHERRY SHEET ASSESSMENTS 1,311,269 1,311,269 1,283,700 97.9 1,283,700 97.9 27,569 2.1 1,341,442 1,262,544 94.1
830 COUNTY TAX-CHERRY SHEET 248,197 248,197 248,197 100.0 248,197 100.0 0 0.0 242,144 242,144 100.0
TOTAL 19-State & County Chgs 1,559,466 1,559,466 1,531,898 98.2 1,531,898 98.2 27,568 1.8 1,583,586 1,504,688 95.0
TOTAL 05-STATE & COUNTY CHGS 1,559,466 1,559,466 1,531,898 98.2 1,531,898 98.2 27,568 1.8 1,583,586 1,504,688 95.0
GRAND TOTALS : 121,306,084 127,346,090 125,979,887 98.9 126,848,965 99.6 497,125 0.4 120,491,222 113,455,138 94.2
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 4 of 4 Date: 8/8/2025Source page 12
CANTON
Combined Balance Sheet - All Fund Types and Account Groups
as of June 30, 2025
(Unaudited)
Fiduciary Account
Governmental Fund Types Proprietary Fund Types Fund Types Groups Totals
Special Capital Internal Trust and Long-term (Memorandum
General Revenue Projects Enterprise Services Agency Debt Only)
ASSETS
Cash and cash equivalents 35,629,667.49 16,296,690.03 1,566,574.26 9,188,295.24 10,768,124.13 35,687,086.88 109,136,438.03
Receivables:
Personal property taxes 93,421.89 93,421.89
Real estate taxes 707,099.92 707,099.92
Allowance for abatements and exemptions (7,653,042.57) (7,653,042.57)
Tax liens 1,257,500.76 6,752.19 1,264,252.95
Motor vehicle excise 978,629.25 978,629.25
User fees 610,520.55 610,520.55
Utility liens added to taxes 815,884.99 815,884.99
Departmental 2,316,326.65 2,316,326.65
Special assessments 26,628.96 4,086.39 30,715.35
Other receivables 71,704.99 163,271.32 234,976.31
Foreclosures/Possessions 523,968.40 523,968.40
Prepaids 1,749.06 1,749.06
Working deposit 47,241.56 47,241.56
Amounts to be provided - payment of bonds 737,000.00 1,649,000.00 24,291,986.25 26,318,390.72 52,996,376.97
Total Assets 31,538,994.20 19,383,397.83 3,215,574.26 34,982,478.41 10,978,637.01 35,687,086.88 26,318,390.72 162,104,559.31
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable 2,498,739.20 872,544.93 322,869.32 101,113.16 72,518.92 166,536.89 4,034,322.42
Accrued payroll 5,416,455.01 61,306.86 1,526.59 44,650.21 1,298.62 5,525,237.29
Withholdings 1,517,548.13 1,517,548.13
Other liabilities 325.00 10,587.17 1,626.17 12,538.34
Deferred revenue:
Real and personal property taxes (6,852,520.76) (6,852,520.76)
Tax liens 1,257,500.76 6,752.19 1,264,252.95
Foreclosures/Possessions 545,731.70 545,731.70
Motor vehicle excise 978,629.25 978,629.25
User fees 610,520.55 610,520.55
Utility liens added to taxes 815,884.99 815,884.99
Departmental 1,631,307.91 1,631,307.91
Special assessments 26,628.96 4,086.39 30,715.35
Other receivables 71,704.99 71,704.99
IBNR 1,542,791.83 1,542,791.83
Agency Funds 1,002,996.14 1,002,996.14
Bonds payable 737,000.00 1,649,000.00 24,291,986.25 26,318,390.72 52,996,376.97
Total Liabilities 5,362,083.29 3,335,865.85 1,973,395.91 25,950,533.71 1,616,936.92 1,170,831.65 26,318,390.72 65,728,038.05
Fund Equity:
Reserved for encumbrances 5,082,876.76 3,352,434.42 26,899,840.69 349,760.11 35,684,911.98
Reserved for expenditures 4,203,000.00 - 1,102,500.00 5,305,500.00
Reserved for continuing appropriations 1,439,404.46 1,439,404.46
Reserved for petty cash 200.00 50.00 250.00
Reserved for COVID-19 / FEMA deficit (58,432.39) (58,432.39)
Reserved for working deposit 86,800.00 86,800.00
Undesignated fund balance 16,949,266.54 11,255,693.10 (25,657,662.34) 9,274,900.09 34,516,255.23 46,338,452.62
Unreserved retained earnings 7,579,634.59 7,579,634.59
Total Fund Equity 26,176,910.91 16,047,531.98 1,242,178.35 9,031,944.70 9,361,700.09 34,516,255.23 0.00 96,376,521.26
Total Liabilities and Fund Equity 31,538,994.20 19,383,397.83 3,215,574.26 34,982,478.41 10,978,637.01 35,687,086.88 26,318,390.72 162,104,559.31