Canton, Massachusetts · Saved source text
General Fund FYE22 Operating Results memo pdf file
Saved text from 11 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 1
TOWN OF CANTON, MASSACHUSETTS
DEPARTMENT OF FINANCE
SUSAN E. DESJARDINS
MEMORIAL HALL ASST. TREASURER/COLLECTOR
801 WASHINGTON STREET sdesjardins@town.canton.ma.us
(781) 821-5006
WILLIAM R. SCOLLINS III CANTON, MA 02021
PHONE: 781-575-6610
FINANCE DIRECTOR LOUIS M. JUTRAS
FAX: 781-575-6608 INFORMATION
rscollins@town.canton.ma.us
town.canton.ma.us SYSTEMS MANAGER
(781) 575-6612
ljutras@town.canton.ma.us
(781) 821-5069
KATHLEEN D. BUTTERS
TOWN ACCOUNTANT
ALLYSON M. PODGURSKI
kbutters@town.canton.ma.us
ASSISTANT TOWN ACCOUNTANT
(781) 575-6605
apodgurski@town.canton.ma.us
MEMORANDUM (781) 821-5011
TO: Select Board
FROM: Randy Scollins, Finance Director
DATE: September 13, 2022
SUBJECT: General Fund’s Fiscal 2022 Operating Results
Having recently closed the books for fiscal 2022, 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, 2022
Budgeted Revenues and Expenditures
The summary report compares budgeted revenues and expenditures against actuals for
fiscal 2021 and 2022. The fiscal 2022 budgeted deficit of $3,162,927 was due to cash
reserves and late arriving excess State Aid, used for the following items:
Memorial / Town Hall Exterior Renovation Project $1,200,494
(plus $1.116MM from borrowing, $283,506 from CPA,
& $300K transfer from Pool project surplus)
Transfer to School SPED Reserve $660,000
(Recaptures $160K in excess FY ’21 Circuit Breaker funds)
Little League Bathrooms & Snack Shack project 600,000
School Revolving Replenishment - used in FY '21 COVID efforts 500,000
Snow & Ice Deficit – from Excess State Aid 200,000
Land Taking off of Pleasant Street 15,000
Less Unallocated GF Receipts – Replaced with Other Sources -24,491
Total Cash Reserves & Excess State Aid Budgeted $3,151,003
TNC Funds for Painting of Sharrows & Warner Trail Signage $11,924
Total Additional Funds Budgeted $3,162,927Source page 2
General Fund’s Fiscal 2022 Operating Results
September 13, 2022
Page 2 of 3
Actual Revenues and Expenditures
Fiscal 2022 was a solid year for the Town, financially speaking, with revenues coming in
ahead of expenditures by $1.89 million. Compared to the budgeted deficit of $3.16
million the total operating surplus was $5.05 million better than plan.
The revenue and expenditure variances to plan are as follows:
Local Receipts (excise taxes, bldg. permits, misc. revenues, P.I.L.O.T. pmts.) $1,890,006
Property Tax Revenue 1,152,415
Transfers from Other funds (Solar facility & Insurance Proceeds) 350,707
State Aid 229,707
Tax Title Revenue 148,855
Total Revenue Surplus $3,771,690
Unspent appropriations (mostly fixed costs and municipal budgets) 1,344,893
State Assessments (primarily Charter School & School Choice) -67,282
Total Variance to Plan $5,049,301
FYE 2022 revenue performance was much improved by a variety of factors impacting
each of the four primary revenue categories, Property Taxes, Local Receipts, State Aid
and Transfers.
Property tax revenue collections for FY 2022 were $1.15MM better than plan. All of this
increase can be attributed to “New Growth” coming in higher than plan. Real Estate and
Personal Property New Growth taxes were $253K and $1.014MM better than plan,
respectively. Changes in how utility valuations are calculated continued to impact
Personal Property New Growth.
The collection rate of 98.57% on FY ‘22 property taxes in FY ’22 was 0.78% less than
FY ’21. The collection rate is typically over 99%. As of this writing the FY ’22 collection
rate is 99.02%
Local Receipts continued their rebound in FY ’22, beating budget by $1.89MM and prior
year by $1.5MM. 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.
Motor Vehicle Excise Tax and Building Permits beat budget by $774K and $428,
respectively. Although, combined these two categories were down from prior year by
$406K. Hotel and Meals Excise came in better than budget by $371K. Hotel Excise had
a very strong improvement over prior of $140K or 108%. Meals Excise also improved
significantly from prior year by $156K or 53%. Combined Hotel & Meals Excise of
$718.3K has eclipsed the previous high of 2019, by just over $100K. The other category
that beat budget significantly was Reimbursements, beating budget by $259K, with
$231K attributed to School Medicaid Reimbursement and $28K to State
Reimbursements, primarily School Homeless Transportation. All of the other 10 local
receipts categories netted out to $57K higher than plan.
State Aid came in $229.7K higher than budget, with $140.1K attributed to higher Charter
School Reimbursement, and the balance attributed primarily to Property Tax Exemption
Reimbursements.Source page 3
General Fund’s Fiscal 2022 Operating Results
September 13, 2022
Page 3 of 3
On the expenditure side, it was another positive year with ~$1.28MM in appropriation
turn backs with the top nine returning the following:
Health Insurance $287,571
Fincom Reserve Fund 230,044
Executive Branch 176,194
Trash Collection 142,901
Assessors 90,676
Veterans 74,995
Town General Insurance 68,382
Debt Service 65,839
School Department 53,654
All 23 Other Voted Budgets 87,355
Total Appropriation Turn Backs $1,277,611
Status of Cash Reserves
The attached balance sheet report prepared as of June 30, 2022 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, 2022. Please know that the final determination as to the Town’s free cash
reserve is made by the Department of Revenue.
As an outcome of the operating results from fiscal 2022, the Town’s estimated cash
reserves have increased to $23.5 million as follows:
Stabilization Fund $10,026,967
Free Cash Reserve 8,928,339
Surplus Overlay Reserve (net of pending ATB cases) 4,524,178
Total $23,479,484
These reserves amount to 20.29% of fiscal 2023’s 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 2022.
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 Aspinwall, Town Administrator
Kathy Butters, Town Accountant
Derek Folan, Superintendent of Schools
Stephen Marshall, Director of Finance & Operations
Cindy Thomas, Chair, Finance Committee
Kristian Merenda, Chair, School CommitteeSource page 4
SUMMARY OF REVENUES AND EXPENDITURES
CURRENT FISCAL YEAR PRIOR FISCAL YEAR
FY 2022 FY 2022 Actuals vs. FY 2021 FY 2021 Actuals vs.
Revised Budget ACTUAL Revised Budget Revised Budget ACTUAL Revised Budget
GENERAL FUND REVENUES:
PROPERTY TAX REVENUE 85,687,763 86,840,178 1,152,415 83,714,637 84,771,504 1,056,867
STATE AID 9,328,290 9,557,997 229,707 8,722,010 9,591,679 869,669
LOCAL RECEIPTS 8,800,000 10,690,006 1,890,006 7,600,000 9,186,431 1,586,431
TRANSFERS FROM OTHER FUNDS 2,871,011 3,221,718 350,707 2,759,918 2,828,919 69,001
TAX TITLE / FORECLOSURE REVENUE 0 148,855 148,855 0 221,451 221,451
TOTAL REVENUES 106,687,064 110,458,754 3,771,690 102,796,564 106,599,984 3,803,420
GENERAL FUND EXPENDITURES:
SCHOOL EXPENSES 47,792,662 47,739,008 53,654 46,186,271 46,032,350 153,921
MUNICIPAL EXPENSES 23,618,027 23,165,390 452,637 22,731,468 22,340,658 390,810
FIXED COSTS 32,161,949 31,323,347 838,602 31,402,189 30,912,780 489,409
TOTAL OPERATING EXPENSES 103,572,638 102,227,745 1,344,893 100,319,928 99,285,788 1,034,140
CASH CAPITAL EXPENDITURES 1,636,509 1,636,328 181 1,250,000 1,250,000 0
TRANSFERS TO STABILIZATION FUNDS 660,000 660,000 0 0 0 0
SPECIAL APPROPRIATIONS 2,552,418 2,552,393 26 838,539 838,539 0
STATE & COUNTY CHARGES 1,428,426 1,495,914 (67,488) 1,226,636 1,424,853 (198,217)
TOTAL EXPENDITURES 109,849,991 108,572,380 1,277,611 103,635,103 102,799,180 835,923
SURPLUS/(DEFICIT) - GENERAL FUND (3,162,927) 1,886,374 5,049,301 (838,539) 3,800,804 4,639,343
ATMDATA - 09-08-22.xlsx FYE 22 GF Summary 9/13/2022Source page 5
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2022 FY 2022 FY2022 % OF FY 2021 FY 2022 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2021 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
01-PROPERTY TAXES
10011 PERSONAL PROPERTY TAXES 5,200,000 5,200,000 5,627,796 108.2 5,758,363 (130,568) (2.3)
10012 REAL ESTATE TAXES 80,487,763 80,487,763 81,212,382 100.9 79,013,140 2,199,242 2.8
TOTAL: 01-PROPERTY TAXES 85,687,763 85,687,763 86,840,178 101.3 84,771,504 2,068,675 2.4
02-LOCAL RECEIPTS
10015 MOTOR VEHICLE EXCISE 4,240,254 4,240,254 5,014,394 118.3 5,057,570 (43,176) (0.9)
10016 OTHER EXCISE-HOTEL/MEALS TAX 346,902 346,902 718,256 207.0 421,812 296,443 70.3
10017 PENALTIES & INTEREST 275,000 275,000 284,510 103.5 382,088 (97,577) (25.5)
10018 PAYMENTS IN LIEU OF TAXES 1,882,844 1,882,844 1,882,844 100.0 281,830 1,601,015 568.1
10032 FEES 170,000 170,000 173,284 101.9 258,238 (84,954) (32.9)
10036 RENTALS 200,000 200,000 236,884 118.4 241,102 (4,218) (1.7)
10037 OTHER DEPARTMENT REVENUE 100,000 100,000 97,545 97.5 109,223 (11,678) (10.7)
10041 ALCOHOL LICENSES 65,000 65,000 88,540 136.2 72,756 15,784 21.7
10042 OTHER LICENSES 75,000 75,000 93,702 124.9 80,626 13,076 16.2
10045 PERMITS 1,000,000 1,000,000 1,427,740 142.8 1,791,140 (363,400) (20.3)
10077 FINES AND FORFEITS 70,000 70,000 39,461 56.4 53,018 (13,557) (25.6)
10082 EARNINGS ON INVESTMENTS 175,000 175,000 156,257 89.3 164,548 (8,291) (5.0)
10084 OTHER MISC. REVENUE 100,000 100,000 117,528 117.5 162,953 (45,426) (27.9)
10085 REIMBURSEMENTS 100,000 100,000 359,061 359.1 109,527 249,534 227.8
TOTAL: 02-LOCAL RECEIPTS 8,800,000 8,800,000 10,690,006 121.5 9,186,431 1,503,575 16.4
03-STATE AID
10062 EDUCATION DIST & REIMB. 6,708,990 6,708,990 6,849,129 102.1 7,123,958 (274,829) (3.9)
10066 GEN GVMT REIMB & DISTRIB 2,619,300 2,619,300 2,708,868 103.4 2,467,721 241,147 9.8
TOTAL: 03-STATE AID 9,328,290 9,328,290 9,557,997 102.5 9,591,679 (33,682) (0.4)
04-TRNS. FROM OTHER FUNDS
10097 OTHER FIN SRC-TRANSFERS 2,871,011 2,871,011 3,521,718 122.7 2,828,919 692,799 24.5
W:\Munis\MCR Library\Budget reports\2020\Canton Revenue Report. Page 1 of 2 8/31/2022Source page 6
TOWN OF CANTON, MA
REVENUE REPORT
SUMMARY OF REVENUE ACCOUNTS FOR FUND
As of June 30
FY 2022 FY 2022 FY2022 % OF FY 2021 FY 2022 YTD ACTUAL vs.
ORIGINAL REVISED YTD ANNUAL YTD FY 2021 YTD ACTUAL
BUDGET BUDGET ACTUAL BUDGET ACTUAL $$ VARIANCE % VARIANCE
TOTAL: 04-TRNS. FROM OTHER FUNDS 2,871,011 2,871,011 3,521,718 122.7 2,828,919 692,799 24.5
05-TAX LIENS/FORECLOSURES
10014 TAX LIENS/TAX TITLES 0 0 148,855 0.0 221,451 (72,596) (32.8)
TOTAL: 05-TAX LIENS/FORECLOSURES 0 0 148,855 0.0 221,451 (72,596) (32.8)
GRAND TOTAL 106,687,064 106,687,064 110,758,755 103.8 106,599,984 4,158,771 3.9
W:\Munis\MCR Library\Budget reports\2020\Canton Revenue Report. Page 2 of 2 8/31/2022Source page 7
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2021 - 2022
FISCAL YEAR 2021
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 22 FY 22 June 30 FY 22 ENCUM. YTD FY 22 FY 22 FY 22
129 EXECUTIVE OFFICE 510,826 516,550 498,371 96.5 498,371 96.5 18,179 3.5 503,830 489,357 97.1
151 TOWN COUNSEL 299,440 433,052 295,279 68.2 317,669 73.4 115,384 26.6 355,006 212,025 59.7
154 HUMAN RESOURCES DEPT 191,594 198,859 193,431 97.3 197,995 99.6 864 0.4 190,259 184,353 96.9
179 PLANNING DEPARTMENT 91,376 92,997 71,014 76.4 71,014 76.4 21,983 23.6 91,376 86,873 95.1
195 TOWN REPORTS 3,000 3,000 2,920 97.3 2,920 97.3 80 2.7 3,000 2,935 97.8
244 SEALER OF WEIGHTS & MEAS 7,500 7,500 7,575 101.0 7,575 101.0 (75) (1.0) 7,500 7,500 100.0
910 EMPLOYEE CONTRACT BENEFIT 436,696 168,170 140,388 83.5 148,391 88.2 19,779 11.8 159,636 135,176 84.7
TOTAL 01-Executive Branch 1,540,432 1,420,128 1,208,978 85.1 1,243,935 87.6 176,194 12.4 1,310,607 1,118,218 85.3
133 DIRECTOR OF FINANCE 229,115 232,764 233,162 100.2 233,162 100.2 (398) (0.2) 229,015 225,341 98.4
135 ACCOUNTANT 273,787 280,994 284,216 101.1 284,216 101.1 (3,222) (1.1) 255,642 252,698 98.8
145 TREASURER/TAX COLLECTOR 229,119 231,289 216,076 93.4 216,076 93.4 15,213 6.6 224,759 211,649 94.2
155 INFORMATION SYSTEMS 628,302 740,348 614,517 83.0 734,559 99.2 5,789 0.8 682,037 568,327 83.3
TOTAL 02-Finance Dept 1,360,323 1,485,394 1,347,970 90.7 1,468,012 98.8 17,382 1.2 1,391,453 1,258,015 90.4
176 ZONING BOARD 27,772 27,772 20,982 75.6 20,982 75.6 6,790 24.4 27,772 16,580 59.7
241 BUILDING DEPARTMENT 366,486 372,381 374,947 100.7 374,947 100.7 (2,566) (0.7) 359,492 356,894 99.3
TOTAL 03-Building & Zoning 394,258 400,153 395,929 98.9 395,929 98.9 4,224 1.1 387,264 373,473 96.4
215 911 DISPATCHERS - FIRE 265,856 265,856 265,856 100.0 265,856 100.0 0 0.0 258,113 258,113 100.0
220 FIRE DEPARTMENT 6,204,966 6,592,943 6,535,805 99.1 6,563,992 99.6 28,951 0.4 6,060,690 5,632,273 92.9
221 FIRE ALARMS, BOXES, ETC 22,975 22,975 13,906 60.5 13,906 60.5 9,069 39.5 22,975 28,769 125.2
231 AMBULANCE SERVICE 444,030 445,665 484,463 108.7 488,444 109.6 (42,779) (9.6) 459,429 566,516 123.3
232 UNMANNED AMBULANCE 0 0 0 0.0 0 0.0 0 0.0 0 0 0.0
291 EMERGENCY MANAGEMENT 31,650 35,670 26,413 74.0 30,433 85.3 5,237 14.7 35,670 24,205 67.9
TOTAL 06-Fire Dept 6,969,477 7,363,109 7,326,443 99.5 7,362,630 100.0 479 0.0 6,836,877 6,509,876 95.2
192 PUBLIC BLDGS/PROP MAINT 625,418 652,742 539,984 82.7 601,804 92.2 50,938 7.8 621,849 543,841 87.5
400 PUBLIC WORKS ADMINISTRATI 394,812 399,508 263,111 65.9 263,111 65.9 136,397 34.1 344,937 262,639 76.1
410 ENGINEERING DEPARTMENT 253,185 257,738 268,250 104.1 326,366 126.6 (68,628) (26.6) 252,491 254,339 100.7
420 HIGHWAY MAINTENANCE 1,084,071 1,112,642 1,160,161 104.3 1,176,592 105.7 (63,950) (5.7) 1,130,748 1,133,098 100.2
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 1 of 4 Date: 8/31/2022Source page 8
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2021 - 2022
FISCAL YEAR 2021
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 22 FY 22 June 30 FY 22 ENCUM. YTD FY 22 FY 22 FY 22
425 STREET SIGNS & TRAFFIC 75,700 77,941 82,888 106.3 90,575 116.2 (12,634) (16.2) 65,700 61,203 93.2
426 GAS & OIL FUND 61,190 61,190 71,289 116.5 71,289 116.5 (10,099) (16.5) 61,190 62,652 102.4
427 HIGHWAY EQUIPMENT MAINT 338,440 360,762 381,189 105.7 405,531 112.4 (44,768) (12.4) 356,604 435,845 122.2
491 CEMETERY MAINT 186,373 187,250 179,394 95.8 179,394 95.8 7,857 4.2 181,074 178,111 98.4
492 TREE DEPARTMENT 162,637 162,637 139,768 85.9 139,768 85.9 22,869 14.1 157,156 157,914 100.5
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 32,774 109.2 32,774 109.2 (2,774) (9.2) 30,000 24,124 80.4
TOTAL 07-Public Works 3,211,826 3,302,411 3,118,808 94.4 3,287,204 99.5 15,207 0.5 3,201,749 3,113,765 97.3
542 YOUTH SERVICES 5,000 5,000 2,562 51.2 2,562 51.2 2,438 48.8 5,000 3,074 61.5
630 PARKS & RECREATION 806,100 859,059 874,245 101.8 885,716 103.1 (26,657) (3.1) 780,818 743,063 95.2
650 PARKS DEPARTMENT 80,000 96,875 68,111 70.3 72,579 74.9 24,297 25.1 92,200 56,849 61.7
TOTAL 08-Recreation & Playgr 891,100 960,934 944,917 98.3 960,857 100.0 78 0.0 878,018 802,987 91.5
210 POLICE DEPARTMENT 5,565,150 5,741,405 5,594,629 97.4 5,740,413 100.0 992 0.0 5,484,649 5,181,487 94.5
292 ANIMAL CONTROL OFFICER 138,202 137,948 122,343 88.7 122,343 88.7 15,605 11.3 137,189 112,437 82.0
TOTAL 09-Police & Animal Ctrl 5,703,352 5,879,353 5,716,972 97.2 5,862,756 99.7 16,597 0.3 5,621,838 5,293,925 94.2
131 FINANCE COMMITTEE 12,500 12,500 14,959 119.7 14,959 119.7 (2,459) (19.7) 12,500 10,172 81.4
177 SUSTAINABILITY COMMITTEE 1,000 1,000 2,433 243.3 2,433 243.3 (1,433) (143.3) 0 0 0.0
182 CAPITAL OUTLAY & PLANNING 2,556 2,556 98 3.8 98 3.8 2,458 96.2 2,556 489 19.1
184 BUILDINGS RENOVATIONS COM 3,200 3,200 0 0.0 0 0.0 3,200 100.0 3,200 110 3.4
545 SUBSTANCE ABUSE COMMITTEE 10,000 10,000 3,435 34.3 10,000 100.0 0 0.0 10,000 3,948 39.5
546 WALK,BIKE & HIKE COMMITTEE 1,000 1,000 300 30.0 300 30.0 700 70.0 1,000 481 48.1
547 DISABILITY COMMISSION 900 900 0 0.0 0 0.0 900 100.0 900 0 0.0
691 HISTORICAL COMMISSION 3,669 3,669 2,700 73.6 2,700 73.6 969 26.4 3,669 600 16.4
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 & Commissions 36,203 36,203 23,925 66.1 30,490 84.2 5,713 15.8 35,203 15,799 44.9
161 TOWN CLERK 218,809 224,053 218,805 97.7 218,805 97.7 5,248 2.3 219,874 217,286 98.8
163 ELECTIONS & REGISTRAR'S 66,000 66,052 47,349 71.7 52,692 79.8 13,361 20.2 69,963 72,213 103.2
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 2 of 4 Date: 8/31/2022Source page 9
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2021 - 2022
FISCAL YEAR 2021
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 22 FY 22 June 30 FY 22 ENCUM. YTD FY 22 FY 22 FY 22
TOTAL 11-Town Clerk & Elected 284,809 290,105 266,154 91.7 271,497 93.6 18,609 6.4 289,837 289,498 99.9
141 ASSESSORS 379,036 388,926 290,250 74.6 298,250 76.7 90,676 23.3 540,013 307,987 57.0
171 CONSERVATION COMMISSION 161,688 163,907 154,843 94.5 156,943 95.8 6,964 4.2 143,673 136,832 95.2
175 PLANNING BOARD 70,734 73,670 73,491 99.8 73,491 99.8 179 0.2 70,734 63,638 90.0
198 UNPAID BILLS 0 15,207 15,207 100.0 15,207 100.0 0 0.0 70,072 70,327 100.4
510 HEALTH DEPARTMENT 370,034 393,919 360,843 91.6 375,343 95.3 18,576 4.7 397,249 353,901 89.1
541 COUNCIL ON AGING 470,774 509,450 505,747 99.3 509,450 100.0 0 0.0 466,837 432,245 92.6
543 VETERANS SERVICES DEPARTMENT 272,602 274,041 198,312 72.4 199,046 72.6 74,995 27.4 268,653 198,400 73.8
544 REVERE & SON HERITAGE TRUST 11,704 11,704 11,234 96.0 11,234 96.0 470 4.0 5,652 5,324 94.2
548 DIVERSITY EQUITY & INCLUSION 3,500 3,500 3,112 88.9 3,112 88.9 388 11.1 0 0 0.0
610 LIBRARY 1,486,175 1,488,116 1,482,209 99.6 1,482,209 99.6 5,907 0.4 1,387,095 1,391,853 100.3
TOTAL 12-Stand Alone 3,226,247 3,322,440 3,095,249 93.2 3,124,285 94.0 198,155 6.0 3,349,978 2,960,506 88.4
TOTAL 01-MUNICIPAL 23,618,027 24,460,231 23,445,345 95.9 24,007,594 98.1 452,637 1.9 23,302,824 21,736,063 93.3
710 PRINCIPAL PAYMENTS 3,544,621 3,544,621 3,690,100 104.1 3,690,100 104.1 (145,479) (4.1) 4,088,314 4,110,415 100.5
751 LONG-TERM INTEREST PAYMENTS 802,296 802,296 856,178 106.7 856,178 106.7 (53,882) (6.7) 862,826 973,774 112.9
752 SHORT-TERM INTEREST PAYMENTS 265,200 265,200 0 0.0 0 0.0 265,200 100.0 262,000 0 0.0
TOTAL 12-Debt Service 4,612,117 4,612,117 4,546,278 98.6 4,546,278 98.6 65,839 1.4 5,213,140 5,084,189 97.5
132 RESERVE FUND 600,000 230,044 0 0.0 0 0.0 230,044 100.0 162,829 0 0.0
422 STREET LIGHTING 75,000 77,500 77,265 99.7 77,265 99.7 235 0.3 91,000 79,317 87.2
423 SNOW & ICE REMOVAL 650,500 783,500 758,519 96.8 758,519 96.8 24,981 3.2 850,500 835,317 98.2
433 TRASH COLLECTION 2,447,500 2,458,964 2,298,132 93.5 2,316,063 94.2 142,901 5.8 2,121,806 2,096,983 98.8
840 BLUE HILLS REGIONAL 1,472,906 1,472,906 1,472,906 100.0 1,472,906 100.0 0 0.0 1,477,309 1,476,512 99.9
841 NORFOLK COUNTY AGRICULTR HS 20,000 20,000 19,800 99.0 19,800 99.0 200 1.0 20,000 16,000 80.0
911 RETIREMENT BENEFITS 6,463,772 6,463,772 6,449,186 99.8 6,449,186 99.8 14,586 0.2 6,035,616 6,035,583 100.0
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 13,143,953 13,143,953 12,856,382 97.8 12,856,382 97.8 287,571 2.2 12,894,318 12,898,486 100.0
915 EMPLOYER SHARE-LIFE INS 62,250 62,250 58,387 93.8 58,387 93.8 3,863 6.2 62,250 59,193 95.1
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 3 of 4 Date: 8/31/2022Source page 10
TOWN OF CANTON
OPERATING EXPENSES BY VOTING CATEGORY
FUND 100 EXCLUDING ARTICLES
As of June 30 for Fiscal Years 2021 - 2022
FISCAL YEAR 2021
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 22 FY 22 June 30 FY 22 ENCUM. YTD FY 22 FY 22 FY 22
946 TOWN INSURANCE 1,367,845 1,403,711 1,262,147 89.9 1,335,328 95.1 68,382 4.9 1,262,203 1,218,901 96.6
990 TRANSFERS 96,106 98,497 98,497 100.0 98,497 100.0 0 0.0 50,970 50,970 100.0
993 OPEB TRANSFER 1,050,000 1,050,000 1,050,000 100.0 1,050,000 100.0 0 0.0 914,000 914,000 100.0
TOTAL 15-Misc. Fixed 27,549,832 27,365,097 26,501,221 96.8 26,592,333 97.2 772,764 2.8 26,042,801 25,781,261 99.0
TOTAL 02-FIXED EXPENSES 32,161,949 31,977,214 31,047,499 97.1 31,138,611 97.4 838,602 2.6 31,255,941 30,865,450 98.8
300 SCHOOL DEPARTMENT 48,292,662 51,557,656 46,777,422 90.7 51,504,002 99.9 53,654 0.1 49,447,603 45,078,817 91.2
TOTAL 17-School Admin 48,292,662 51,557,656 46,777,422 90.7 51,504,002 99.9 53,654 0.1 49,447,603 45,078,817 91.2
TOTAL 03-SCHOOL 48,292,662 51,557,656 46,777,422 90.7 51,504,002 99.9 53,654 0.1 49,447,603 45,078,817 91.2
820 CHERRY SHEET ASSESSMENTS 1,203,703 1,203,703 1,236,874 102.8 1,236,874 102.8 (33,171) (2.8) 1,004,078 1,202,295 119.7
830 COUNTY TAX-CHERRY SHEET 224,723 224,723 224,723 100.0 224,723 100.0 0 0.0 222,558 222,558 100.0
TOTAL 19-State & County Chgs 1,428,426 1,428,426 1,461,597 102.3 1,461,597 102.3 (33,171) (2.3) 1,226,636 1,424,853 116.2
TOTAL 05-STATE & COUNTY CHGS 1,428,426 1,428,426 1,461,597 102.3 1,461,597 102.3 (33,171) (2.3) 1,226,636 1,424,853 116.2
GRAND TOTALS : 105,501,064 109,423,526 102,731,863 93.9 108,111,804 98.8 1,311,722 1.2 105,233,005 99,105,183 94.2
W:\Munis\MCR Library\Budget reports\2020\Canton Expense Report.rpt Page 4 of 4 Date: 8/31/2022Source page 11
CANTON
Combined Balance Sheet - All Fund Types and Account Groups
as of June 30, 2022
(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 30,852,765.02 14,665,373.83 12,076,960.79 5,953,980.89 10,707,818.08 21,825,252.87 96,082,151.48
Receivables:
Personal property taxes 102,882.30 102,882.30
Real estate taxes 543,101.91 6,841.92 549,943.83
Allowance for abatements and exemptions (6,018,051.39) (6,018,051.39)
Tax liens 1,122,000.45 6,728.95 1,128,729.40
Motor vehicle excise 870,850.79 870,850.79
User fees 1,531,467.06 1,531,467.06
Utility liens added to taxes 110,900.01 110,900.01
Departmental 1,941,724.03 1,941,724.03
Special assessments 78,157.90 559,755.85 637,913.75
Due from other governments 34,272.00 34,272.00
Foreclosures/Possessions 523,968.40 523,968.40
Prepaids (6,515.65) (6,515.65)
Working deposit 768,980.57 768,980.57
Amounts to be provided - payment of bonds 1,292,000.00 1,807,000.00 28,016,322.50 26,501,570.27 57,616,892.77
Total Assets 28,025,273.83 17,990,826.63 13,883,960.79 36,172,426.31 11,476,798.65 21,825,252.87 26,501,570.27 155,876,109.35
LIABILITIES AND FUND EQUITY
Liabilities:
Accounts payable 710,875.68 153,957.19 51,035.23 75,704.01 192,216.28 21,448.44 1,205,236.83
Accrued payroll 1,780,592.91 115,828.67 2,503.02 50,544.60 3,412.30 1,952,881.50
Withholdings 1,130,881.62 1,130,881.62
Due to other governments (7.56) (7.56)
Other liabilities 325.00 325.00
Deferred revenue:
Real and personal property taxes (5,372,067.18) 6,841.92 (5,365,225.26)
Tax liens 1,122,000.45 6,728.95 1,128,729.40
Foreclosures/Possessions 523,968.40 523,968.40
Motor vehicle excise 870,850.79 870,850.79
User fees 1,542,044.88 1,542,044.88
Utility liens added to taxes 110,900.01 110,900.01
Departmental 1,941,724.03 1,941,724.03
Special assessments 78,157.90 559,774.85 637,932.75
Due from other governments 34,272.00 34,272.00
Tailings 33,139.76 33,139.76
IBNR 993,078.25 993,078.25
Agency Funds 1,347,678.31 1,347,678.31
Bonds payable 1,292,000.00 1,807,000.00 28,016,322.50 26,501,570.27 57,616,892.77
Total Liabilities 834,514.43 3,595,563.66 1,860,538.25 30,355,283.29 1,185,294.53 1,372,539.05 26,501,570.27 65,705,303.48
Fund Equity:
Reserved for encumbrances 4,436,721.33 627,254.41 5,063,975.74
Reserved for expenditures 2,784,317.00 380,000.00 3,164,317.00
Reserved for continuing appropriations 4,572,061.06 2,797,502.48 12,023,422.54 1,378,571.96 8,820.00 20,780,378.04
Reserved for petty cash 200.00 50.00 250.00
Reserved for working deposit 61,800.00 61,800.00
Undesignated fund balance 15,397,460.01 10,970,506.08 10,229,704.12 20,443,893.82 57,041,564.03
Unreserved retained earnings 4,058,521.06 4,058,521.06
Total Fund Equity 27,190,759.40 14,395,262.97 12,023,422.54 5,817,143.02 10,291,504.12 20,452,713.82 0.00 90,170,805.87
Total Liabilities and Fund Equity 28,025,273.83 17,990,826.63 13,883,960.79 36,172,426.31 11,476,798.65 21,825,252.87 26,501,570.27 155,876,109.35