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General Fund 2013 Year End Reports (PDF)
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TOthil of Canton, fli1ag5arbuatt5
DEPARTMENT OF FINANCE
KATHLEEN D. BUTTERS
MEMORIAL HALL TOWN ACCOUNTANT
801 WASHINGTON STREET kbutters@town.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
jmurgia@town.canton.ma.us town.canton.ma.us ASST. TREASURER/COLLECTOR
(781) 575-6612 sdesjardins@town.canton.ma.us
(781) 821-5006
MEMORANDUM LOUIS M. JUTRAS
INFORMATION
SYSTEMS MANAGER
TO: Board of Selectmen ljutras@town.canton.ma.us
(781) 821-5069
FROM: Jim Murgia, Finance Director
DATE: August 16, 2013
SUBJECT: General Fund's Fiscal 2013 Operating Results
Having recently closed the books for fiscal 2013, 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, 2013
Budgeted Revenues and Ex enditures
The summary report compares budgeted revenues and expenditures against actuals for
fiscal 2013. The budgeted deficit of $1,880,000 was due to free cash reserve used for
the following items:
Senior Center renovations $1,360,000
Transfer to Stabilization Fund 400,000
Property revaluation 120,000
Total Free Cash $1,880,000
Actual Revenues and Expenditures
Like fiscal 2012, fiscal 2013 was an excellent year since revenues actually exceeded
expenditures by $673,666. Compared to the budgeted deficit of $1,880,000 this
operating surplus was $2.6 million better than expected.Source page 2
General Fund's Fiscal 2013 Operating Results
August 16, 2013
Page 2 of 2
The reasons for these results are as follows:
Local Receipts (permits, auto excise taxes, local hotel/meals taxes) $1,359,956
State Aid surplus (Chapter 70) 660,600
Transfers from Other Funds (Solar facility, bond premium) 425,025
Tax Title Revenue 219,963
Property Tax Revenue shortfall (due to untaxed levy capacity) (380,129)
Total Surplus revenue 2,285,415
Unspent appropriations (mostly fixed costs) 268,251
Total $2,553,666
Actual state aid received of $7,444,155 per the attached revenue report has been
adjusted to reflect the amortization of MSBA grants for the high school renovation
project.
Fiscal 2013's severe winter caused the Snow & Ice budget to be overspent by $555,000.
However, we were able to resolve that budget deficit by transferring budget surpluses of
$380,000 and applying for FEMA reimbursement for $175,000.
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2013 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 $3.0 million as of
June 30, 2013. 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 2013, the Town's cash reserves
have grown to $8.9 million as follows:
Stabilization Funds $4,610,294
Free Cash Reserve 3,000,000
Overlay Reserve 1,339,592
Total $8,949,886
These reserves amount to 11.7% of fiscal 2014'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 2013.
I hope you will find this information to be useful. If you have any questions or comments,
please let me know.
JRM/ej
Attachments
cc: Kathy Butters, Town Accountant Ken Leon, School Business Administrator
William T. Friel, Town Administrator Mark Porter, Chairman, Finance Committee
Jeff Granatino, Superintendent of Schools Cindy Thomas, Chair, School CommitteeSource page 3
SUMMARY OF REVENUES AND EXPENDITURES
FY 2013 FY 13 Actuals Actuals Vs
Revised Budget As of 6/30/13 Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 59,323,367 58,943,238 (380,129)
STATE AID 7,106,407 7,767,007 660,600
LOCAL RECEIPTS 5,234,686 6,594,642 1,359,956
TRANSFERS FROM OTHER FUNDS 2,239,456 2,664,482 425,025 -
TAX TITLE/FORECLOSURE REVENUE 219,963 219,963
TOTAL REVENUES 73,903,916 76,189,331 2,285,415
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 32,011,496 32,011,496
MUNICIPAL EXPENSES 16,131,362 16,079,678 51,684
FIXED COSTS 24,137,507 23,857,242 280,264
TOTAL OPERATING EXPENSES 72,280,365 71,948,416 331,948
CASH CAPITAL EXPENDITURES 2,209,000 2,207,710 1,290
TRANSFERS TO STABILIZATION FUNDS 400,000 400,000
STATE & COUNTY CHARGES 894,551 959,538 (64,987)
_I
TOTAL EXPENDITURES 75,783,916 75,515,665 268,251
OPERATING SURPLUS/(DEFICIT) - GENERAL FUND (1,880,000) 673,666 2,553,666Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As ofJune 30
FY 2013 FY 2013 FY 2013 % OF FY 2012 FY 2013 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2012 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
01-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 3,000,000 3,000,000 2,917,035 97.2 2,973,928 (56,893) (1.9)
10012 REAL ESTATE TAXES 56,323,367 56,323,367 56,026,203 99.5 54,046,693 1,979,510 3.7
TOTAL: 01-PROPERTY TAXES 59,323,367 59,323,367 58,943,238 99.4 57,020,621 1,922,617 3.4
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,000,000 3,000,000 3,473,978 115.8 3,165,287 308,691 9.8
10016 OTHER EXCISE-HOTEL/MEALS TAX 100,000 100,000 460,905 460.9 38,309 422,595 1103.1
10017 PENALTIES & INTEREST 250,000 250,000 323,695 129.5 291,572 32,123 11.0
10018 PAYMENTS IN LIEU OF TAXES 224,686 224,686 224,311 99.8 219,205 5,105 2.3
10032 FEES 150,000 150,000 166,510 160,747 5,763
111.0 3.6
10036 RENTALS 350,000 350,000 201,454 57.6 198,375 3,078 1.6
10037 OTHER DEPARTMENT REVENUE 75,000 75,000 58,575 78.1 58,673 (98) (0.2)
10041 ALCOHOL LICENSES 65,000 65,000 74,040 113.9 75,075 (1,035) (1.4)
10042 OTHER LICENSES 70,000 70,000 91,849 131.2 83,928 7,921 9.4
10045 PERMITS 450,000 450,000 878,021 195.1 753,229 124,792 16.6
10077 FINES AND FORFEITS 125,000 125,000 109,411 87.5 99,500 9,911 10.0
10082 EARNINGS ON INVESTMENTS 100,000 100,000 82,772 82.8 96,495 (13,723) (14.2)
10084 OTHER MISC. REVENUE 25,000 25,000 59,018 236.1 38,701 20,317 52.5
10085 REIMBURSEMENTS 250,000 250,000 390,105 156.0 351,814 38,292 10.9
TOTAL: 02-LOCAL RECEIPTS 5,234,686 5,234,686 6,594,642 126.0 5,702,014 892,628 15.7
03-STATE AID
10062 EDUCATION DIST & REIMB. 5,008,836 5,008,836 5,308,809 106.0 4,335,958 972,851 22.4
10066 GEN GVMT REIMB & DISTRIB 2,097,571 2,097,571 2,135,346 101.8 2,085,947 49,399 2.4
TOTAL: 03-STATE AID 7,106,407 7,106,407 7,444,155 104.8 6,421,905 1,022,250 15.9
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,239,456 2,239,456 2,664,482 119.0 2,404,929 259,553 10.8
W:\Munis\MCR Library\Budget reports\Canton Revenue Report.rpt Page 1 of 2 8/6/2013Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As ofJune 30
FY2013 FY2013 FY2013 % OF FY 2012 FY2013 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2012 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,239,456 2,239,456 2,664,482 119.0 2,404,929 259,553 10.8
05-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 219,963 0.0 371,909 (151,947) (40.9)
TOTAL: 05-TAX LIENS/FORECLOSURES 0 0 219,963 0.0 371,909 (151,947) (40.9)
GRAND TOTAL 73,903,916 73,903,916 75,866,479 102.7 71,921,378 3,945,101 5.5
WAMunis\MCR Library\Budget reports\Canton Revenue Reportspt Page 2 of 2 8/6/2013Source page 6
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2012 -2013 FISCAL YEAR 2012
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF
BUDGET BUDGET MAU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 13 FY13 June 30 FY 13 ENCUM. YTD FY 13 FY 13 FY 13
129 EXECUTIVE OFFICE 427,916 433,057 412,334 95.2 412,334 95.2 20,723 4.8 421,489 406,610 96.5
151 TOWN COUNSEL 239,585 240,166 308,795 128.6 308,795 128.6 (68,629) (28.6) 232,585 299,459 128.8
154 HUMAN RESOURCES DEPT 74,853 74,853 77,239 103.2 77,239 103.2 (2,386) (3.2) 78,949 71,168 90.1
179 PLANNING DEPARTMENT 4,320 4,320 5,310 122.9 5,310 122.9 (990) (22.9) 4,320 508 11.8
192 PUBLIC BLDGS/PROP MAINT 309,338 314,056 299,700 95.4 299,700 95.4 14,356 4.6 309,370 298,306 96.4
193 POLICE STATION MAINT. 10,467 10,467 12,873 123.0 12,873 123.0 (2,406) (23.0) 10,467 17,690 169.0
194 PUBLIC SAFETY FACILITY 7,187 7,187 9,481 131.9 9,481 131.9 (2,294) (31.9) 7,187 5,200 72.4
195 TOWN REPORTS 7,500 7,500 3,772 50.3 3,772 50.3 3,728 49.7 7,500 3,778 50.4
199 ARMANDO RECREATION FACILITY 8,853 8,853 9,420 106.4 9,420 106.4 (567) (6.4) 8,853 7,359 83.1
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 22,022 22,022 26,557 120.6 26,557 120.6 (4,535) (20.6) 22,022 25,770 117.0
910 EMPLOYEE CONTRACT BENEFIT 430,242 173,147 130,605 75.4 130,605 75.4 42,542 24.6 173,147 137,733 79.5
TOTAL 01-Executive Branch 1,549,783 1,303,128 1,302,836 100.0 1,302,836 100.0 292 0.0 1,283,389 1,280,331 99.8
133 DIRECTOR OF FINANCE 156,461 156,461 157,866 100.9 157,866 100.9 (1,405) (0.9) 158,862 158,532 99.8
135 ACCOUNTANT 169,076 183,035 178,704 97.6 188,654 103.1 (5,619) (3.1) 168,271 168,732 100.3
145 TREASURER/TAX COLLECTOR 194,677 194,677 187,579 96.4 187,579 96.4 7,098 3.6 210,214 216,180 102.8
155 INFORMATION SYSTEMS 328,213 388,258 328,579 84.6 388,094 100.0 164 0.0 376,073 308,320 82.0
TOTAL 02-Finance Dept 848,427 922,431 852,729 92.4 922,194 100.0 237 0.0 913,420 851,763 93.2
176 ZONING BOARD 34,614 40,001 35,447 88.6 36,447 91.1 3,553 8.9 36,832 28,767 78.1
241 BUILDING DEPARTMENT 283,689 296,876 286,644 96.6 291,218 98.1 5,658 1.9 290,063 275,379 94.9
TOTAL 03-Building & Zoning 318,303 336,877 322,091 95.6 327,665 97.3 9,212 2.7 326,895 304,146 93.0
220 FIRE DEPARTMENT 4,151,113 4,297,342 4,295,412 100.0 4,295,412 100.0 1,930 0.0 4,100,191 4,045,770 98.7
221 FIRE ALARMS, BOXES, ETC 22,075 22,075 14,243 64.5 14,243 64.5 7,832 35.5 22,075 20,720 93.9
231 AMBULANCE SERVICE 342,181 342,181 351,692 102.8 351,692 102.8 (9,511) (2.8) 338,289 367,101 108.5
232 UNMANNED AMBULANCE 1,428 1,428 1,000 70.0 1,000 70.0 428 30.0 1,428 1,000 70.0
291 EMERGENCY MANAGEMENT 9,835 9,835 10,030 102.0 10,055 102.2 (220) (2.2) 9,835 9,797 99.6
TOTAL 06-Fire Dept 4,526,632 4,672,861 4,672,377 100.0 4,672,402 100.0 459 0.0 4,471,818 4,444,388 99.4
WAMunis\MCR Library \I3udget reports\Canton Expense Report - FY13.rpt Page 1 of 4 Date: 8/6/2013Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2012 - 2013 FISCAL YEAR 2012
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING REVISED
%, OF EXPENDED % OF
BUDGET BUDGET TITRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 13 FY13 June 30 FY 13 ENCUNL YTD FY 13 FY 13 FY 13
400 PUBLIC WORKS ADMINISTRATI 282,560 318,807 274,659 86.2 274,659 86.2 44,148 13.8 282,515 268,018 94.9
410 ENGINEERING DEPARTMENT 175,883 175,883 180,751 102.8 180,751 102.8 (4,868) (2.8) 174,014 174,872 100.5
420 HIGHWAY MAINTENANCE 759,641 766,571 742,372 96.8 743,083 96.9 23,488 3.1 706,756 742,975 105.1
421 SIDEWALKS 0 0 0 0.0 0 0.0 0 0.0 20,050 0 0.0
425 STREET SIGNS & TRAFFIC 44,200 44,200 67,488 152.7 68,501 155.0 (24,301) (55.0) 44,200 27,375 61.9
426 GAS & OIL FUND 96,190 96,259 86,494 89.9 87,117 90.5 9,143 9.5 71,890 94,481 131.4
427 HIGHWAY EQUIPMENT MAINT 239,258 261,458 299,004 114.4 300,704 115.0 (39,246) (15.0) 307,227 263,852 85.9
491 CEMETERY MAINT 162,650 163,021 157,463 96.6 157,463 96.6 5,558 3.4 158,882 180,500 113.6
492 TREE DEPARTMENT 207,334 207,334 219,600 105.9 219,600 105.9 (12,266) (5.9) 123,210 123,512 100.2
493 TREE WARDEN & SHADE TREES 0 0 0 0.0 0 0.0 0 0.0 89,136 83,158 93.3
TOTAL 07-Public Works 1,967,716 2,033,534 2,027,830 99.7 2,031,876 99.9 1,658 0.1 1,977,880 1,958,743 99.0
542 YOUTH SERVICES 3,667 3,667 3,130 85.4 3,130 85.4 537 14.6 997
3,667 27.2
630 RECREATION & PLAYGROUND 422,792 428,647 429,182 100.1 429,182 100.1 (535) (0.1) 408,276 410,876 100.6
TOTAL 08-Recreation & Playgr 426,459 432,314 432,312 100.0 432,312 100.0 2 0.0 411,943 411,872 100.0
210 POLICE DEPARTMENT 3,906,553 4,019,463 4,045,063 100.6 4,045,063 100.6 (25,601) (0.6) 3,859,394 3,824,278 99.1
292 ANIMAL CONTROL OFFICER 118,676 119,856 93,269 77.8 93,269 77.8 26,587 22.2 113,730 110,110 96.8
TOTAL 09-Police & Animal Ctrl 4,025,229 4,139,319 4,138,332 100.0 4,138,332 100.0 986 0.0 3,973,124 3,934,388 99.0
131 FINANCE COMMITTEE 11,500 11,500 8,956 77.9 8,956 77.9 2,544 22.1 11,500 10,742 93.4
149 WATER/SEWER RATE POLICY 1,000 1,000 1,000 100.0 1,000 100.0 0 0.0 0 0.0
1,000
182 CAPITAL OUTLAY & PLANNING 2,556 556 56 10.1 56 10.1 500 89.9 2,556 85 3.3
184 BUILDINGS RENOVATIONS COM 3,381 3,381 276 8.2 276 8.2 3,105 91.8 609
3,381 18.0
547 DISABILITY COMMISSION 2,565 565 518 91.6 518 91.6 47 8.4 2,565 338 13.2
691 HISTORICAL COMMISSION 3,669 9,944 2,915 29.3 9,904 99.6 40 0.4 6,669 4,310 64.6
692 BEAUTIFICATION COMMITTEE 1,378 1,378 750 54.4 750 54.4 628 45.6 1,378 1,368 99.3
TOTAL 10-Committees & Commissic 26,049 28,324 14,471 51.1 21,460 75.8 6,864 24.2 29,049 17,454 60.1
161 TOWN CLERK 168,275 170,312 171,976 101.0 171,976 101.0 (1,664) (1.0) 166,585 164,018 98.5
163 ELECTIONS & REGISTRARS 34,168 61,168 59,276 96.9 59,276 96.9 1,892 3.1 32,868 34,133 103.9
W:\Munis\MCR Library \Budget reports \Canton Expense Report - FY13.rpt Page 2 of 4
Date: 8/6/2013Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2012 -2013 FISCAL YEAR 2012
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 13 FY13 June 30 FY 13 ENCUM. YTD FY 13 FY 13 FY 13
TOTAL 11-Town Clerk & Elected 202,443 231,480 231,252 99.9 231,252 99.9 228 0.1 199,453 198,151 99.3
141 ASSESSORS 238,392 241,239 240,868 99.8 240,868 99.8 371 0.2 248,595 248,011 99.8
171 CONSERVATION COMMISSION 71,139 71,568 63,462 88.7 66,534 93.0 5,034 7.0 72,130 68,839 95.4
175 PLANNING BOARD 55,934 58,142 45,314 77.9 51,364 88.3 6,778 11.7 57,363 50,856 88.7
198 UNPAID BILLS 0 0 0 0.0 0 0.0 0 0.0 856 856 100.0
510 HEALTH DEPARTMENT 320,293 326,422 308,574 94.5 308,574 94.5 17,848 5.5 321,972 312,294 97.0
541 COUNCIL ON AGING 210,436 213,587 213,518 100.0 213,518 100.0 69 0.0 208,912 204,686 98.0
543 VETERANS SERVICES DEPARTMENT 204,175 235,457 233,918 99.3 233,918 99.3 1,539 0.7 216,572 216,373 99.9
610 LIBRARY 1,011,030 1,030,294 1,030,188 100.0 1,030,188 100.0 106 0.0 1,003,344 1,001,156 99.8
TOTAL 12-Stand Alone 2,111,399 2,176,709 2,135,841 98.1 2,144,963 98.5 31,746 1.5 2,129,744 2,103,070 98.7
TOTAL 01-MUNICIPAL 16,002,440 16,276,976 16,130,072 99.1 16,225,292 99.7 51,684 0.3 15,716,714 15,504,308 98.6
710 PRINCIPAL PAYMENTS 4,482,270 4,482,270 4,478,192 99.9 4,478,192 99.9 4,078 0.1 4,241,220 4,332,020 102.1
751 LONG-TERM INTEREST PAYMENTS 1,510,622 1,510,622 1,591,215 105.3 1,591,215 105.3 (80,593) (5.3) 1,681,032 1,635,787 97.3
752 SHORT-TERM INTEREST PAYMENTS 127,000 167,000 86,589 51.8 86,589 51.8 80,411 48.2 86,000 20,111 23.4
TOTAL 12-Debt Service 6,119,892 6,159,892 6,155,995 99.9 6,155,995 99.9 3,897 0.1 6,008,252 5,987,919 99.7
132 RESERVE FUND 500,000 9 0 0.0 0 0.0 9 100.0 326,943 0 0.0
422 STREET LIGHTING 200,000 210,961 117,457 55.7 126,594 60.0 84,366 40.0 221,693 120,760 54.5
423 SNOW & ICE REMOVAL 264,735 644,735 644,641 100.0 644,641 100.0 94 0.0 253,725 253,725 100.0
433 TRASH COLLECTION 1,448,992 1,462,874 1,461,279 99.9 1,467,404 100.3 (4,530) (0.3) 1,515,235 1,423,668 94.0
840 BLUE HILLS REGIONAL 1,173,074 1,173,074 1,173,074 100.0 1,173,074 100.0 0 0.0 1,337,865 1,337,865 100.0
841 NORFOLK COUNTY AGRICULTR HS 10,000 10,000 6,000 60.0 6,000 60.0 4,000 40.0 0 0 0.0
911 RETIREMENT BENEFITS 3,145,759 3,145,759 3,085,292 98.1 3,085,292 98.1 60,467 1.9 3,001,315 2,942,040 98.0
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 10,457,018 10,147,018 10,018,636 98.7 10,018,636 98.7 128,382 1.3 10,472,409 10,146,298 96.9
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 57,696 96.2 57,696 96.2 2,304 3.8 60,000 57,233 95.4
946 TOWN INSURANCE 827,950 847,950 846,675 99.8 846,675 99.8 1,275 0.2 787,950 760,491 96.5
990 TRANSFERS 0 150,078 150,078 100.0 150,078 100.0 0 0.0 0 0 0.0
W:\Munis\MCR Library \Budget reports \Canton Expense Report - FY13.rpt Page 3 of 4 Date: 8/6/2013Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2012 -2013 FISCAL YEAR 2012
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 13 FY13 June 30 FY 13 ENCUM. YTD FY 13 FY 13 FY 13
993 OPEB TRANSFER 50,000 50,000 50,000 100.0 50,000 100.0 0 0.0 0 0 0.0
TOTAL 15-Misc. Fixed 18,237,528 18,002,457 17,710,827 98.4 17,726,089 98.5 276,368 1.5 18,077,135 17,142,081 94.8
TOTAL 02-FIXED EXPENSES 24,357,420 24,162,349 23,866,823 98.8 23,882,084 98.8 280,265 1.2 24,085,387 23,130,000 96.0
300 SCHOOL DEPARTMENT 31,920,505 32,150,940 31,935,387 99.3 32,150,940 100.0 0 0.0 30,695,729 30,556,285 99.5
TOTAL 17-School Admin 31,920,505 32,150,940 31,935,387 99.3 32,150,940 100.0 0 0.0 30,695,729 30,556,285 99.5
TOTAL 03-SCHOOL 31,920,505 32,150,940 31,935,387 99.3 32,150,940 100.0 0 0.0 30,695,729 30,556,285 99.5
820 CHERRY SHEET ASSESSMENTS 698,670 698,670 763,657 109.3 763,657 109.3 (64,987) (9.3) 776,082 683,717 88.1
830 COUNTY TAX-CHERRY SHEET 195,881 195,881 195,881 100.0 195,881 100.0 0 0.0 191,104 191,104 100.0
TOTAL 19-State & County Chgs 894,551 894,551 959,538 107.3 959,538 107.3 (64,987) (7.3) 967,186 874,821 90.5
TOTAL 05-STATE & COUNTY CHGS 894,551 894,551 959,538 107.3 959,538 107.3 (64,987) (7.3) 967,186 874,821 90.5
GRAND TOTALS: 73,174,916 73,484,816 72,891,819 99.2 73,217,855 99.6 266,961 0.4 71,465,016 70,065,413 98.0
W:\Munis\MCR Library \Budget reports\Canton Expense Report - FY13.rpt Page 4 of 4 Date: 8/6/2013Source page 10
TOWN OF CANTON
COMBINED BALANCE SHEET AS OF JUNE 30, 2013
#100 #1014299 #3004399 #6004700 #8014890 #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 14,739,490.08 4,740,139.54 3,895,758.52 12,378,539.18 0.00 37,495,862.10
DEPARTMENTAL RECEIVABLES 0.00 388,377.71 1,741'934
0.7008 I 0.00 0.00 0.00 388,377.71
INTERFUND RECEIVABLES 0.00 ' 0.00 0.00 1 0.00 0.00 0.00 0.00
EXCISE TAX RECEIVABLE 771,340.85 4 0.00 0.00 0.00 0.00 0.00 771,340.85
PERSONAL PROPERTY TAX RECEIVABLE 73,536.04 0.00 0.00 jj 0.00 0.00 0.00 73,536.04
REAL ESTATE TAX RECEIVABLE 542,964.28 , 0.00 1 0.00 , 0.00 0.00i 0.00 542,964.28
'
OTHER RECEIVABLES 3,718,987.00 0.00 0.00 4 660.00 0.00 0.00 3,719,647.00
TAX LIENS 1,075,399.54 0.00 1 0.00 1 58,457.32 0.00 0.00 j 1,133,856.86
USER CHARGES RECEIVABLE 0.00 0.00' 0.00 286,959.26 0.00 0.00 1 286,959.26
UTILITY LIENS ADDED TO TAXES 0.00 0.00 0.00 1 11,215.82 0.00 0.00 1 11,215.82
AMOUNT PROVIDED FOR BONDS 0.00 0.00 0.00 ' 29,160,760.00 0.00 39,784,084.00 1 68,944,844.00
OTHER ASSETS 1,975.00 226,685.54' 0.00 0.00 (176,182.17) 0.00 ' 52,478.37
TAX FORECLOSURES 456,390.61 0.00 0.00 0.00 0.00 0.00 j' 456,390.61
CONSTRUCTION IN PROGRESS 0.00 1 0.00 294,411.94 1,298,660.47 0.00 0.00 ' 1,593,072.41
TOTAL ASSETS 21,380,083.40 5,355,202.79 2,036,346.72 34,712,471.39 12,202,357.01 39,784,084.00 115,470,545.31
LIABILITIES
"
ACCOUNTS PAYABLE 997,353.53 380,039.55 15,756.16 51,783.84 68,537.18 , 0.00 - 1,513,470.26
ACCRUED PAYROLL 2,912,105.71 250,158.64 0.00 24,587.37 293.38 0.00 3,187,145.10
-
INTERFUND PAYABLES 0.00 0.00 0.00 0.00 0.00 1 0.001 0.00
BONDS PAYABLE 0.00 0.00 0.00 29,460,760.00 0.00 I 39,784,084.00 69,244,844.00
DEFERRED REVENUES 5,299,026.67 388,37771 0.00 357,29240 0.00 1 0.00 6,044,696.78
NOTES PAYABLE 0.00 1 0.00 334,800.00 1,575,000.00 0.00 I 0.00 1,909,800.00
OTHER LIABILITIES 29,963.49 694.43 0.00 0.00 1,732,736.54 1 0.00 1,763,394.46
PROVISIONS FOR ABATEMENTS AND EXEMPTIONS 1,339,591.65 0.00 - 0.00 0.00 0.00 1 0.00 1,339,591.65
WITHHOLDINGS PAYABLE 236,125.68 ' 0.00 0.00 0.00 0.00 1 0.00 236,125.68
41
TOTAL LIABILITIES 10,814,166.73 1,019,270.33 350,556.16 31,469,423.61 1,801,567.10 1 39,784,084.00 85,239,067.93
FUND EQUITY 1
T 1
,
RESERVE FOR ENCUMBRANCES-CURRENT YR 796,642.82 0.00 0.00 0.00 Jr 0.00 796,642.82
RESERVE FOR EXPENDITURES 35,000.00 Tk 0.00 0.0
0 0; 171,000.00 ' 0.00 0.00 j 206,000.00
RESERVE FOR PETTY CASH & OTHER ASSETS 1
1 625.00 1 150.00 0.00 1 50.00 0.00 0.00 1 825.00
RESERVE FOR EXCLUDED DEBT 5,160,240.00 1 0.00 I 0.00 0.00 0.00 0.00 1 5,160,240.00
-,
0.00 11
1
RESERVE FOR DEPOSITS 1 0.00 0.00 0.00 ' 0.00 . 58,400.00 58,400.00
RESERVE FOR UNPROVIDED ABATEMENTS/EXEMPT 4 0.00 '1 0.00 0.00 I 0.00 1 0.00 0.00 0.00
RESERVE FOR UNSPENT CONSTRUCTION PROCEEDS 1 000
. ' 0.00 1 1,685,790.56 ' 784,232.76 ' 0.00 0.00 2,470,023.32
UNRESERVED FUND BALANCE 1 4,573,408.85 4,335,782.46 1 0.00 2,287,765.02 j 10,342,389.91 0.00 , 21,539,346.24
TOTAL FUND EQUITY 1 10,565,916.67 4,335,93246 1,685790.56 3,243,047.78 10400,789.91 0.00 30,231477.38
TOTAL LIABILITIES AND FUND EQUITY 21,380,08340 5,355,20279 2036,34672 34712471.39 12,202,357.01 39,784,084.00 115470,545.31
Fy 13 Balance Sheets.xls Combined Balance Sheets 8/16/2013