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General Fund 2012 Year End Reports (PDF)
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Totint of Canton, agzettbugrtt5
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
MEMORANDUM (781) 821-5006
LOUIS M. JUTRAS
TO: Board of Selectmen INFORMATION
SYSTEMS MANAGER
FROM: Jim Murgia, Finance Director ljutras@town.canton.ma.us
(781) 821-5069
DATE: September 4, 2012
SUBJECT: General Fund's Fiscal 2012 Operating Results
Having recently closed the books for fiscal 2012, the Finance Department prepared the
following reports 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, 2012
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for
fiscal 2012. The budgeted deficit of $1,340,000 was due to $700,000 of overlay surplus
and $640,000 of free cash used for the following items:
Fiscal 2012 operating budget $500,000
Senior Center supplement 200,000
Total Overlay Surplus budgeted 700,000
Free Cash transferred to Stabilization Fund 640,000
Total Reserves budgeted $1,340,000
Actual Revenues and Expenditures
Fiscal 2012 was an unusual year since revenues actually exceeded expenditures by
$779,451. Compared to the budgeted deficit of $1,340,000 this operating surplus was
$2.1 million better than expected.Source page 2
General Fund's Fiscal 2012 Operating Results
September 4, 2012
Page 2 of 2
The reasons for the improved results are as follows:
Local Receipts (permits, auto excise taxes) $761,623
Tax Title Revenue (Dan Road property) 371,909
State Aid surplus 172,051
Transfers from Other Funds 7,337
Property Tax Revenue shortfall (due to untaxed levy capacity) (288,743)
Total Surplus revenue 1,024,177
Unspent appropriations 1,095,274
Total $2,119,451
Due to the mild winter the snow and ice budget did not require a reserve fund transfer. With
$400,000 appropriated for the reserve fund, almost $327,000 was turned back as an unspent
appropriation.
The Health Insurance budget provided a large turn back of $326,000 in fiscal 2012. While
slightly more retirees enrolled in the Medex plan than expected, far fewer employees and
retirees were enrolled in the HMO or PPO plans.
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2012 will be submitted to the
Department of Revenue for free cash certification.
We estimate the general fund's free cash reserve to be approximately $3.0 million as of June
30, 2012. 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 2012, the Town's cash reserves have
grown to $7.9 million as follows:
Stabilization Funds $4,200,000
Free Cash Reserve 3,000,000
Overlay Reserve 700,000
Total $7 900 000
These reserves amount to 10.7% of fiscal 2013's budget. In order to maintain our AAA bond
rating we target our reserves to be 10% of budget so we have achieved that goal in fiscal 2012.
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: John Bonnanzio, Chairman, School Committee
Kathy Butters, Town Accountant
William T. Friel, Town Administrator
Jeff Granatino, Superintendent of Schools
Ken Leon, School Business Manager
Mark Porter, Chairman, Finance CommitteeSource page 3
SUMMARY OF REVENUES AND EXPENDITURES
FY 2012 FY 12 Actuals Actuals vs.
Revised Budget As of 6/30/12 Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 57,309,364 57,020,621 (288,743)
STATE AID 6,800,664 6,972,715 172,051
LOCAL RECEIPTS 4,940,391 5,702,014 761,623
TRANSFERS FROM OTHER FUNDS 2,397,592 2,404,929 7,337
TAX TITLE! FORECLOSURE REVENUE 0 371,909 371,909
TOTAL REVENUES 71,448,011 72,472,188 1,024,177
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 30,390,978 30,390,978 0
MUNICIPAL EXPENSES 15,629,272 15,562,479 66,793
FIXED COSTS 23,985,575 23,055,030 930,545
TOTAL OPERATING EXPENSES 70,005,825 69,008,487 997,338
CASH CAPITAL EXPENDITURES 1,125,000 1,119,429 . . 5,571
TRANSFERS TO STABILIZATION FUNDS 690,000 690,000 0
STATE & COUNTY CHARGES 967,186 874,821 92,365
TOTAL EXPENDITURES 72,788,011 71,692,737 1,095,274
OPERATING SURPLUS/(DEFICIT) - GENERAL FUND (1,340,000) 779,451 2,119,451Source page 4
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of End of Year/ June 30
FY 2012 FY 2012 FY 2012 % OF FY 2011 FY 2012 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2011 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
01-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 3,000,000 3,000,000 2,973,928 99.1 2,876,029 97,899 3.4
10012 REAL ESTATE TAXES 54,309,364 54,309,364 54,046,693 99.5 52,243,066 1,803,627 3.5
TOTAL: 01-PROPERTY TAXES 57,309,364 57,309,364 57,020,621 99.5 55,119,095 1,901,526 3.4
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 3,000,000 3,000,000 3,165,287 105.5 3,289,549 (124,262) (3.8)
10016 OTHER EXCISE/HOTEL TAX 0 0 38,309 0.0 0 38,309 0.0
10017 PENALTIES & INTEREST 200,000 200,000 291,572 145.8 305,814 (14,242) (4.7)
10018 PAYMENTS T.:L\I LIEU OF TAXES 205,391 205,391 219,205 106.7 199,225 19,981 10.0
10032 FEES 175,000 175,000 160,747 91.9 186,949 (26,202) (14.0)
10036 RENTALS 175,000 175,000 198,375 113.4 190,799 7,576 4.0
10037 OTHER DEPARTMENT REVENUE 75,000 75,000 58,673 78.2 89,753 (31,080) (34.6)
10041 ALCOHOL LICENSES 65,000 65,000 75,075 115.5 69,430 5,645 8.1
10042 OTHER LICENSES 70,000 70,000 83,928 119.9 82,282 1,647 2.0
10045 PERMITS 400,000 400,000 753,229 188.3 494,738 258,492 52.2
10054 OTHER FED. REVENUE DIRECT 0 0 71,103 0.0 82,037 (10,934) (13.3)
10077 FINES AND FORFEITS 125,000 125,000 99,500 79.6 145,599 (46,099) (31.7)
10082 EARNINGS ON INVESTMENTS 125,000 125,000 96,495 77.2 115,322 (18,827) (16.3)
10084 OTHER MISC. REVENUE 25,000 25,000 38,701 154.8 33,302 5,398 16.2
10085 REIMBURSEMENTS 300,000 300,000 351,814 117.3 367,368 (15,555) (4.2)
TOTAL: 02-LOCAL RECEIPTS 4,940,391 4,940,391 5,702,014 115.4 5,652,165 49,848 0.9
03-STATE AID
10062 EDUCATION DIST & REEVIB. 4,615,287 4,615,287 4,335,958 93.9 4,036,418 299,540 7.4
10066 GEN GVMT REIMB & DISTRD3 2,185,377 2,185,377 2,085,947 95.5 2,269,809 (183,862) (8.1)
TOTAL: 03-STATE AID 6,800,664 6,800,664 6.421,905 94.4 6,306,227 115,678 1.8
04-TRNS. FROM OTHER FUNDS
10097 . OTHER FIN SRC-TRANSFERS 2,382,592 2,397,592 2,404,929 100.3 2,664,393 (259,464) (9.7)
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TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of End of Year/ June 30
FY 2012 FY 2012 FY 2012 % OF FY 2011 FY 2012 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2011 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,382,592 2,397,592 2,404,929 100.3 2,664,393 (259,464) (9.7)
05-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES
0 0 371,909 0.0 224,631 147,278 65.6
TOTAL: 05-TAX LIENS/FORECLOSURES 0 0 371,909 0.0 224,631 147,278 65.6
GRAND TOTAL 71,433,011 71,448,011 71,921,378 100.7 69,966,511 1,954,867 2.8
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TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2011 -2012 FISCAL YEAR 2011
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 12 FYI2 June 30 FY 12 ENCUM YTD FY 12 FY 12 FY 12
129 EXECUTIVE OFFICE 421,489 421,489 406,610 96.5 406,610 96.5 14,879 3.5 399,745 403,763 101.0
151 TOWN COUNSEL 232,585 232,585 299,459 128.8 300,040 129.0 (67,455) (29.0) 257,585 273,728 106.3
154 HUMAN RESOURCES DEPT 78,949 78,949 71,168 90.1 71,168 90.1 7,781 9.9 78,949 84,317 106.8
179 PLANNING DEPARTMENT 4,320 4,320 508 11.8 508 11.8 3,812 88.2 4,320 1,348 31.2
192 PUBLIC BLDGS/PROP MAINT 309,370 309,370 298,306 96.4 298,306 96.4 11,064 3.6 309,592 291,874 94.3
193 POLICE STATION MAINT. 10,467 10,467 17,690 169.0 17,690 169.0 (7,223) (69.0) 14,542 15,434 106.1
194 PUBLIC SAFETY FACILITY 7,187 7,187 5,200 72.4 5,200 72.4 1,987 27.6 7,187 7,246 100.8
195 TOWN REPORTS 7,500 7,500 3,778 50.4 3,778 50.4 3,722 49.6 7,500 3,384 45.1
199 ARMANDO RECREATION FACILITY 8,853 8,853 7,359 83.1 7,359 83.1 1,494 16.9 8,923 8,527 95.6
632 PEQUITSIDE FARM 22,022 22,022 25,770 117.0 25,770 117.0 (3,748) (17.0) 23,674 40,495 171.1
910 EMPLOYEE CONTRACT BENEFIT 173,147 173,147 137,733 79.5 137,733 79.5 35,414 20.5 173,147 154,332 89.1
TOTAL 01-Executive Branch 1,275,889 1,275,889 1,273,581 99.8 1,274,162 99.9 1,727 0.1 1,285,164 1,284,448 99.9
133 DIRECTOR OF FINANCE 157,037 158,862 158,532 99.8 158,532 99.8 330 0.2 157,064 155,954 99.3
135 ACCOUNTANT 173,271 168,271 168,732 100.3 168,732 100.3 (461) (0.3) 193,702 173,926 89.8
145 TREASURER/TAX COLLECTOR 195,214 210,214 216,180 102.8 216,180 102.8 (5,966) (2.8) 195,426 203,114 103.9
155 INFORMATION SYSTEMS 328,214 376,073 308,320 82.0 368,365 98.0 7,708 2.0 386,761 331,571 85.7
TOTAL 02-Finance Dept 853,736 913,420 851,763 93.2 911,808 99.8 1,612 0.2 932,953 864,564 92.7
176 ZONING BOARD 34,695 36,832 28,767 78.1 34,153 92.7 2,678 7.3 36,811 42,175 114.6
241 BUILDING DEPARTMENT 283,933 290,063 275,379 94.9 282,010 97.2 8,054 2.8 292,148 271,843 93.0
TOTAL 03-Building & Zoning 318,628 326,895 304,146 93.0 316,163 96.7 10,732 3.3 328,959 314,018 95.5
220 FIRE DEPARTMENT 4,098,775 4,100,191 4,045,770 98.7 4,063,986 99.1 36,205 0.9 4,147,801 4,105,166 99.0
221 FIRE ALARMS, BOXES, ETC 22,075 22,075 20,720 93.9 20,720 93.9 1,355 6.1 21,075 12,314 58.4
231 AMBULANCE SERVICE 338,289 338,289 367,101 108.5 367,101 108.5 (28,812) (8.5) 353,181 357,396 101.2
232 UNMANNED AMBULANCE 1,428 1,428 1,000 70.0 1,000 70.0 428 30.0 1,428 1,000 70.0
TOTAL 06-Fire Dept 4,460,567 4,461,983 4,434,591 99.4 4,452,807 99.8 9,176 0.2 4,523,485 4,475,876 98.9
400 PUBLIC WORKS ADMTNISTRATI 282,515 282,515 268,018 94.9 268,018 94.9 14,497 5.1 282,805 266,310 94.2
410 ENGINEERING DEPARTMENT 174,014 174,014 174,872 100.5 174,872 100.5 (858) (0.5) 174,015 177,206 101.8
420 HIGHWAY MAINTENANCE 702,524 706,756 742,975 105.1 749,906 106.1 (43,150) (6.1) 704,029 744,100 105.7
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Date: 8/16/2012Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2011 -2012 FISCAL YEAR 2011
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF
BUDGET BUDGET TFIRU BUDGET EXPENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 12 FY12 June 30 FY 12 ENCUM. YTD FY 12 FY 12 FY 12
421 SIDEWALKS 20,050 20,050 0 0.0 0 0.0 20,050 100.0 20,050 0 0.0
425 STREET SIGNS & TRAFFIC 44,200 44,200 27,375 61.9 27,375 61.9 16,825 38.1 62,147 66,943 107.7
426 GAS & OIL FUND 71,890 71,890 94,481 131.4 94,551 131.5 (22,661) (31.5) 71,890 105,893 147.3
427 HIGHWAY EQUIPMENT MAINT 307,227 307,227 263,852 85.9 271,052 88.2 36,175 11.8 312,974 271,481 86.7
491 CEMETERY MAINT 158,882 158,882 180,500 113.6 180,871 113.8 (21,989) (13.8) 159,102 143,403 90.1
492 TREE DEPARTMENT 123,210 123,210 123,512 100.2 123,512 100.2 (302) (0.2) 123,198 134,809 109.4
493 TREE WARDEN & SHADE TREES 89,136 89,136 83,158 93.3 83,158 93.3 5,978 6.7 89,145 81,163 91.0
TOTAL 07-Public Works 1,973,648 1,977,880 1,958,743 99.0 1,973,314 99.8 4,566 0.2 1,999,355 1,991,310 99.6
542 YOUTH SERVICES 3,667 3,667 997 27.2 997 27.2 2,670 72.8 3,667 2,955 80.6
630 RECREATION & PLAYGROUND 383,676 408,276 410,876 100.6 410,876 100.6 (2,600) (0.6) 387,605 388,264 100.2
TOTAL 08-Recreation & Playgrn 387,343 411,943 411,872 100.0 411,872 100.0 71 0.0 391,272 391,219 100.0
131 FINANCE COMMITTEE 11,500 11,500 10,742 93.4 10,742 93.4 758 6.6 11,500 9,557 83.1
149 WATER/SEWER RATE POLICY 1,000 1,000 0 0.0 0 0.0 1,000 100.0 1,000 0 0.0
171 CONSERVATION COMMISSION 70,277 72,130 68,839 95.4 68,839 95.4 3,292 4.6 68,431 66,483 97.2
182 CAPITAL OUTLAY & PLANNING 2,556 2,556 85 3.3 85 3.3 2,471 96.7 2,556 256 10.0
184 BUILDINGS RENOVATIONS COM 3,381 3,381 609 18.0 609 18.0 2,772 82.0 3,381 237 7.0
198 UNPAID BILLS 0 856 856 100.0 856 100.0 0 0.0 0 0 0.0
210 POLICE DEPARTMENT 3,859,734. 3,859,394 3,824,278 99.1 3,858,958 100.0 436 0.0 3,904,920 3,898,935 99.8
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
291 EMERGENCY MANAGEMENT 9,835 9,835 9,797 99.6 9,797 99.6 38 0.4 3,335 3,330 99.9
292 ANIMAL CONTROL OFFICER 113,730 113,730 110,110 96.8 110,110 96.8 3,620 3.2 122,082 89,492 73.3
297 TOWN EMERGENCY CLEANUP 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
541 COUNCIL ON AGING 208,912 208,912 204,686 98.0 204,686 98.0 4,226 2.0 202,962 202,915 100.0
543 VETERANS SERVICES DEPARTMENT 149,390 216,572 216,373 99.9 216,373 99.9 199 0.1 189,390 187,663 99.1
547 DISABILITY COMMISSION 2,565 2,565 338 13.2 338 13.2 2,227 86.8 2,565 51 2.0
691 HISTORICAL COMMISSION 3,669 6,669 4,310 64.6 6,585 98.7 84 1.3 3,669 2,944 80.2
692 BEAUTIFICATION COMMITTEE 1,378 1,378 1,368 99.3 1,368 99.3 10 0.7 1,378 1,030 74.8
TOTAL 09-Stand Alone 4,445,427 4,517,978 4,459,143 98.7 4,496,097 99.5 21,880 0.5 4,524,669 4,469,644 98.8
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Date: 8/16/2012Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2011 -2012 FISCAL YEAR 2011
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 12 FY12 June 30 FY 12 ENCUM. YTD FY 12 FY 12 FY 12
141 ASSESSORS 239,095 248,595 248,011 99.8 248,011 99.8, 584 0.2 244,099 231,796 95.0
175 PLANNING BOARD 56,113 57,363 50,856 88.7 52,106 90.8 5,257 9.2 57,371 54,120 94.3
510 HEALTH DEPARTMENT 321,972 321,972 312,294 97.0 312,294 97.0 9,678 3.0 320,962 308,465 96.1
610 LIBRARY 1,003,344 1,003,344 1,001,156 99.8 1,003,136 100.0 208 0.0 978,292 978,270 100.0
TOTAL 10-Elected Board 1,620,524 1,631,274 1,612,316 98.8 1,615,546 99.0 15,728 1.0 1,600,724 1,572,652 98.2
161 TOWN CLERK 166,585 166,585 164,018 98.5 164,018 98.5 2,567 1.5 162,527 163,711 100.7
163 ELECTIONS & REGISTRARS 32,868 32,868 34,133 103.9 34,133 103.9 (1,265) (3.9) 38,868 36,876 94.9
TOTAL 11-Town Clerk/Elections 199,453 199,453 198,151 99.3 198,151 99.3 1,302 0.7 201,395 200,587 99.6
TOTAL 01-MUNICIPAL 15,535,215 15,716,714 15,504,308 98.6 15,649,921 99.6 66,793 0.4 15,787,977 15,564,318 98.6
710 PRINCIPAL PAYMENTS 4,241,220 4,241,220 4,332,020 102.1 4,332,020 102.1 (90,800) (2.1) 4,160,841 4,184,053 100.6
751 LONG-TERM INTEREST PAYMENTS 1,681,032 1,681,032 1,635,787 97.3 1,635,787 97.3 45,245 2.7 1,813,909 1,813,909 100.0
752 SHORT-TERM INTEREST PAYMENTS 86,000 86,000 20,111 23.4 20,111 23.4 65,889 76.6 49,340 25,066 50.8
TOTAL 12-Debt Service 6,008,252 6,008,252 5,987,919 99.7 5,987,919 99.7 20,333 0.3 6,024,090 6,023,028 100.0
132 RESERVE FUND 400,000 326,943 0 0.0 0 0.0 326,943 100.0 0 0 0.0
422 STREET LIGHTING 215,000 221,693 120,760 54.5 131,721 59.4 89,972 40.6 179,317 129,292 72.1
423 SNOW & ICE REMOVAL 216,343 253,725 253,725 100.0 253,725 100.0 0 0.0 809,721 720,897 89.0
433 TRASH COLLECTION 1,448,992 1,515,235 1,423,668 94.0 1,437,550 94.9 77,685 5.1 1,429,695 1,360,331 95.1
840 BLUE HILLS REGIONAL 1,337,865 1,337,865 1,337,865 100.0 1,337,865 100.0 0 0.0 1,460,438 1,460,438 100.0
911 RETIREMENT BENEFITS 3,001,315 3,001,315 2,942,040 98.0 2,942,040 98.0 59,275 2.0 2,981,987 2,976,695 99.8
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 10,503,915 10,472,409 10,146,298 96.9 10,146,298 96.9 326,111 3.1 9,817,397 9,814,770 100.0
915 EMPLOYER SHARE-LIFE INS 60,000 60,000 57,233 95.4 57,233 95.4 2,767 4.6 58,680 58,666 100.0
946 TOWN INSURANCE 787,950 787,950 760,491 96.5 760,491 96.5 27,459 3.5 765,000 736,579 96.3
990 TRANSFERS OUT 0 0 0 0.0 0 0.0 . 0 0.0 0 0 0.0
TOTAL 15-Misc. Fixed 18,071,380 18,077,135 17,142,081 94.8 17,166,923 95.0 910,211 5.0 j 17,602,235 17,357,668 98.6
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Date: 8/16/2012Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2011 -0 FISCAL YEAR 2011
ORIGINAL REVISED EXPENDED YTD % OF TOTAL % OF REMAINING % OF REVISED EXPENDED % OF
BUDGET BUDGET TTIRU BUDGET EXTENDED & BUDGET BUDGET BUDGET BUDGET Y-T-D BUDGET
FY 12 FY12 June 30 FY 12 ENCUM. YTD FY 12 FY 12 FY 12
TOTAL 02-FIXED EXPENSES 24,079,632 24,085,387 23,130,000 96.0 23,154,842 96.1 930,545 3.9 23,626,325 23,380,696 99.0
300 SCHOOL DEPARTMENT 30,440,978 30,695,729 30,556,285 99.5 30,695,729 100.0 0 0.0 30,538,972 30,234,220 99.0
TOTAL 17-School Admin 30,440,978 30,695,729 30,556,285 99.5 30,695,729 100.0 0 0.0 30,538,972 30,234,220 99.0
TOTAL 03-SCHOOL 30,440,978 30,695,729 30,556,285 99.5 30,695,729 100.0 0 0.0 30,538,972 30,234,220 99.0
820 CHERRY SHEET ASSESSMENTS 776,082 776,082 683,717 88.1 683,717 88.1 92,365 11.9 749,073 665,115 88.8
830 COLTNTY TAX-CHERRY SHEET 191,104 191,104 191,104 100.0 191,104 100.0 0 0.0 184,045 184,034 100.0
TOTAL 19-State & County Chgs 967,186 967,186 874,821 90.5 874,821 90.5 92,365 9.5 933,118 849,149 91.0
TOTAL 05-STATE & COUNTY CHGS 967,186 967,186 874,821 90.5 874,821 90.5 92,365 9.5 933,118 849,149 91.0
GRAND TOTALS: 71,023,011 71,465,016 70,065,413 98.0 70,375,313 98.5 1,089,703 1.5 70,886,391 70,028,384 98.8
WAMunis\MCR Library \Budget reports \ Canton Expense Report.rpt Page 4 of 4
Date: 8/16/2012Source page 10
TOWN OF CANTON
COMBINED BALANCE SHEET AS OF JUNE 30, 2012
#190 #1014299 #3004399 #6004700 #8014890 #970
GENERAL SPECIAL CAPITAL ENTERPRISE TRUSTS AND LONG-TERM TOTALS
FUND REVENUE PROJECTS FUNDS AGENCY ACCOUNT GROUP ALL FUNDS
ASSETS
-1
CASH AND SHORT TERM INVESTMENTS 14,139,030.67 5,269,611.80 602,318.94 ' 3,593,471.14 12,196,665.20 1
0.00 , 35,801,097.75
DEPARTMENTAL RECEIVABLES 0.00 286,675.29 0.00 , 0.00 0.00 0.00 ' 286,675.29
INTERFUND RECEIVABLES 0.00 36,200.00 0.00 0.00 0.00 0.00 36,200.00
EXCISE TAX RECEIVABLE 451,478.82 0.00 0.00 0.00 ; 0.00 0.00 451,478.82
PERSONAL PROPERTY TAX RECEIVABLE 68,995.82 0.00 0.00 0.CTC-C 0.00 0.00 ,
-
68,995.82
REAL ESTATE TAX RECEIVABLE 621,348.70 0.00 0.00 0.00 0.00 0.00 621,348.70
OTHER RECEIVABLES 4,175,292.00 0.00 0.00 21,723.91 0.00 0.00 ' 4,197,015.91
TAX LIENS 815,490.10 0.00 0.00 52,307.05 0.00 0.00 _ 867,797.15
USER CHARGES RECEIVABLE 0.00 0.00 0.00 414,218.12 0.00 0.00_ 414218.12
UTILITY LIENS ADDED TO TAXES 0.00 0.00 0.00 495,706.80 0.00 0.00 ' 495,706.80
AMOUNT PROVIDED FOR BONDS 0.00 0.00 0.00 27,692,649.00 0.00 41,566,103.00 ' 69,258,752.00
OTHER ASSETS 7,149.35 0.00 0.00 0.00 285,473.87 , 0.00 , 292,623.22
TAX FORECLOSURES 514,555.30 0.00 0.00 0.00 0.00 0.00 514,555.30
CONSTRUCTION IN PROGRESS 0.00 0.00 0.00 ' 0.00 0.00 0.00 0.00
TOTAL ASSETS 20,793,340.76 5,592,487.09 602,318.94 32,270,076.02 12,482,139.07 41,566,103.00 113,306,464.88
LIABILITIES
ACCOUNTS PAYABLE 763,693.94 162,462.70 3,540.61 57,361.33 61,037.21 0.00 1,048,095.79
ACCRUED PAYROLL 2,821,073.87 226,634.71 0.00 23,572.02 189.59 0.00 3,071,470.19
INTERFUND PAYABLES 0.00 0.00 0.00 36,200.00 0.00 0.00 4_ 36,200.00
BONDS PAYABLE 0.00 0.00 0.00 27,692,649.00 . 0.00 41,566,103.00 • 69,258,752.00
DEFERRED REVENUES 5,961,391.21 286,675.29 0.00 983,955.88 0.00 0.00 7,232,022.38
NOTES PAYABLE 0.00 0.00 2,243,331.00 3,037,000.00 0.00 0.00 5,280,331.00
OTHER LIABILITIES 44,963.49 1,646.78 0.00 0.00 1,424,057.90 0.00 1,470,668.17
PROVISIONS FOR ABATEMENTS AND EXEMPTIONS 685,769.53 0.00 0.00 0.00 0.00 0.00 685,769.53
WITHHOLDINGS PAYABLE 313,100.45 0.00 0.00 0.00 0.00 0.00 313,100.45
TOTAL LIABILITIES 10,589,992.49 677,419.48 2,246,871.61 31,830,738.23 1,485,284.70 - 41,566,103.00 • 88,396,409.51
FUND EQUITY
RESERVE FOR ENCUMBRANCES-CURRENT YR 784,888.07 0.00 0.00 1,188,103.55 0.00 0.00, 1,972,991.62
RESERVE FOR EXPENDITURES 0.00 _ 0.00 0.00 104,000.00 0.00 0.00 104,000.00
RESERVE FOR PETTY CASH & OTHER ASSETS 625.00 , 150.00 0.00 50.00 0.00 0.00 , 825.00
RESERVE FOR EXCLUDED DEBT 5,483,092.00 0.00 0.00 0.00 0.00 0.00 5,483,092.00
RESERVE FOR DEPOSITS 0.00 0.00 , 0.00 , 0.00 58,400.00 0.00 , 58,400.00
RESERVE FOR UNPROVIDED ABATEMENTS/EXEMPT • (1,358.45) 0.00 0.00 0.00 0.00 0.00 (1,358.45)
RESERVE FOR UNSPENT CONSTRUCTION PROCEEDS , 0.00 , 0.00 (1,644,552.67) 204.36 0.00 0.00 (1,644,348.31)
UNRESERVED FUND BALANCE 3,936,101.65 4,914,917.61 0.00 (853,020.12) 10,938,454.37 0.00 18,936,453.51
TOTAL FUND EQUITY 10,203,348.27 4,915,067.61 (1,644,552.67) 439 337.79 10 996,854.37 0.00 24,910,055.37
TOTAL LIABILITIES AND FUND EQUITY 20,793,340.76 5,592,487.09 602,318.94 32,270,076.02 12,482,139.07 41,566,103.00 113,306,464.88
Fy 12 Balance Sheets.xls Combined Balance Sheets 8/17/2012