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Home My WebLink AboutAUDIT 06-30-1979I I I I Form DA-% 2M sees {2) 6-76~128777 ~he ~ommouweal~h o~ ~Bassachusms DEPARTMENT OF ~ I I I I I I I I I I I I I BUREAU OF ACCOUNTS FINANCIAL STATEMENTS AND AUDITORS' REPORT TOWN. OF NORTH' ~ANDOVER June 30, 1979 FINANCIAL STATEMENTS AND AUDITORSt REPORT TONN OF NORTH ANDOVER June 30, 1979 CONTENTS AUDITOR'S REPORT FINANCIAL STATEMENTS General Fund Balance Sheet Statement of Changes in Fund Balance Statement of Revenues - Estimated and Actual Statement of Expenditures and Encumbrances Compared with Authorizations Federal Revenue Sharing Balance Sheet Statement of Revenues~ Expenditures Authorized and Changes in Fund Balance Federal Anti-Recession Fiscal Assistance Fund Balance Sheet Statement of Revenues, Expenditures Authorized and Changes in Fund Balance Other Federal and State Grants Balance Sheet Statement of Revenues, Expenditures and Changes in Fund Balance ,~pecial Revenue Funds Balance Sheet Statement of Revenues~ Expenditures and and Changes in Fund Balance Capital Projects Fund Balance Sheet : Statement of Revenues~ Expenditures and Changes in Fund Balance Exhibit A-1 A-3 B-1 B-2 C-1 C-2 D-1 E-1 E-2 F-1 F-2 Page 10 11 12 13 14 15 16 17 18 CONTENTS-CONTINUED Trust and Agency Fund Balance Sheet Statement of Receipts, Expenditures and Chanses in Fund Balance ~eneral Long-Term Debt Group of Accounts Statement of.General Long-Term Debt NOTES TO FINANCIAL STATEMENTS SUPPLE~ENTAL INFORMATION SCHEDULE OF TREASURER'S CASH INVESTMENTS SCHEDULE OF REAL ESTATE, PERSONAL PROPERTY, MOTOR VEHICLE AND FARM EXCISE SCHEDULE OF TAX LIENS AND FORECLOSURES AND TAXES IN LITIGATION SCHEDULE OF ACCOUNTS RECEIVABLE - WATER, SE~ER AND OTHER OUTSTANDING LIST-DEFERRED AND SUSPENDED ASSESSHENTS SCHEDULE OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS IN DETAIL BY~NICIPAL FUNCTION AND ACTIVITY SCHEDULE OF EMPLOYEES~ WITHOLDINGS Exhibit Schedule I II III IV V VI VII VIII Page 19 20 21 Page 28 29 30 31 32 33 3~+ ~0 L JOYCE HAMPERS COMMISSIONER EDWARD J. COLLINS, JR. DEPUTY COMMISSIONER HARVEY J. BETH DIRECTOR OF ACCOUNTS MAIL ADDRESS: Po O~ BO~ 70!B BOSTON, MASS. 02204 To the Honorable Board of Selectmen Town of North Andover North Andover, Hassachusetts 01845 Dear Members: We have examined the financial statements of the various funds and the general long term debt group of accounts of the Town of North Andover, Mgssachusetts as of June 30, 1979, and for the year then ended as listed in the 6oregoing table of contents. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and other auditing procedures as we considered necessary in the circumstances. The accompanTing financial statements have been prepared in accordance with the provisions set forth by the General Laws of the Consnonwealth of Massachusetts and do not represent either the financial position or results of operation presented in accordance with generally accepted accounting principles. The basis of accounting utilized in formulating the Town of North Andover's financial statements and the departures from generally accepted accounting principles are disclosed in the accompanying notes to financial statements. In our opinion, the accompanying financial statements as of June 30, 1979 and for the year then ended present fairly the information contained therein, ~n conformity with the provisions of the General Laws of the Commonwealth of Hassachusetts, applied on a consistent basis. The accompanying supplemental information is not necessary'for a fair presentation of the financial statements, but is presented as additional analytical data. This information has been subjected to such tests and other auditing procedures applied in the examination of the financial statements mentioned above and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. In connection with our examination, we performed tests of compliance with Revenue Sharing and Antieecession Fiscal Assistance Acts and regulations as required by Section II.C.3 and III.C.3 of the Audit Guide and standards for Revenue Sharing and Antirecession Fiscal Assistance Fund Recipients (Guide) issued by the Office of Revenue Sharing, U.S. Department of the Treasury and compared the data on Bureau of Census Form R S.-9 to records *of the Town of North And6ver as required by Section II.C.4 of the "Guide". Based on these procedures, we noted no difference between Census data on Form RS-9 and records of the Town of North Andover for the year ended June 30, 1979t but our review did disclose the following instance of noncompliance with the regulations: Revenue Sharing Section II.C.3K (iv) A notice has not been published in a newspaper of general circulation or by alternative means stating that a summary of'the enacted budget was available for public inspection within 30 days of its enactment. Section II.C.3L (viii) No formal policy exists concerning nondiscriminatory action in employment. Section II.C.3K (i) Use of funds report not published. There is one case pending investigation by the Hassachusetts Commission Against Oiscrtmination filed to the E.E.O.Co Commission: one employee in the School Department. Anti-Recession Section 3F (iv) and 3F (v) No publication was made in reference to the availability of the use of funds report for the public inspection. December 16, 1979 ~~ounts EXHIBIT A-1 ASSETS AND OTHER DEBITS Assets: Cash (Schedule Investments (Schedule II)~ Accounts Receivable: Real Estate and Personal Property Taxes (Schedule Ill) Ta~es in Litigation (Schedule IV) Motor Vehicle Excise (Schedule III) Farm Excise (Schedule III) Tax Liens and Foreclosures (Schedule IV) Departmental: Water (Schedule V) Sewer (Schedule V) Other (Schedule V) Greater Lawrence Sanitary Sewer District (Schedule V) Deferred Assessments: Sewer (Schedule VI) Water (Schedule VI) Suspended Water Main Assessments (Schedule VI) Total Assets Other Debits: Amounts to be Provided in Future Periods (Notes lC) Total Assets and Other Debits 5 TOWN OF NORTH ANDOVER, MASSACHUSETTS BALANCE SHEET June 30, 1979 LIAB!LITIES. m RESERVES AND FUND BALANCE $ 4,593' 441.,494 ~41 18,O41. 45,553 27,299 18,511 49,494 25,880 16,121 10,548 915,400 600,000 388,960 657,575 Liabilities: Vouchers Payable Due to Other Funds: Other Federal Grants Special Revenue Capital Projects Trust and Agency Total Liabilities Reserves: Reserve for Encumbrances Reserve for State and County Assessments (Note I.D.) Reserve for Revenues Deferred Total Reserves Fund Balance: Restricted (Note 1.F.) Unrestricted - Total Fund Balance $ 2,561,935 40,279 $ 2,602,214 Total Liabilities, Reserves and Fund Balance See accompanying notes to financial statements $ 193,187 69,928 72,499 88,794 380,092 19,271 657,575 162,270 727,271 $ 231,327 424,408 655,735 1,056,938 889,541 TONN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF ANALYSIS OF CHANGES IN FUND BALANCE For the year ended June 30, 1979 Fund Balance July 1, 1978 Additions: Excess of Revenues over Expenditures: Revenues (Net of Overlay) (Exhibit) Expenditures Reserve for Encumbrances 1978 Cancelled Decrease in Reserves for Tax Abatements Decrease in Reserve for Revenues Deferred Transfers from Other Federal and State Grants - Fund Audit Adjustments Total Balance and Additions Deduct: Reserve for Encumbrances 1979 Reserve for County Assessments Increase in Reserves for Tax Abatements Increase in Reserves for Tax Lien Foreclosures Overdrawn accounts of prior years Provided For Fund Balance June 30, 1979 See accompanyinE notes to financial statements. EXHIBIT A-2 $ 734,322 $ 11,380,1'27 10,923,224 456,903 23,139 2,018 9,991 1 ,46~180 1,272,554 343,528 19,271 44O 1,872 17,902 $ 889,541 TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF REVENUE ESTIMATED AND ACTUAL For the year ended June 30, 1979 Estimated Revenue Taxes: Real Estate/Personal Property Motor Vehicle Excise Farm Animal Excise 7,893,463 638,821 356 Licenses and Permits 28,851 Federal and State Grants 1 ,.751,132 Charges for Services: General Government Health and Sanitation Highways School Recreation Water Special Assessment 6,795 28,364 4,311 12,176 1,329 276,579 25,483 Fines 10,694 Interest on Taxes 32,968 Greater Lawrence Sanitary District 231,699 Vocational Technical High School 73,419 In Lieu of Taxes 864 Miscellaneous 22 Interest Earned Insurance Dividends and Refunds $ 11,017,326 Actual Revenue EXHIBIT A-3 7,893,463 861,360 638 Actual Over (Under) Estimated 51,501 1,724,865 18,20/+ 17,360 83,330 15,450 1,850 272,026 27,544 222,939 282 22,650 (26,267) 23,176 24,568 231,142 73,419 17,104 42,727 $ !1.380.!2~ See accompanying notes to financial statements. 11,409 (11,004) 79,019 3,274 521 (4,553) 2,061 12,482 (8,400) (557) (864) (22) 17,104 42,727 $ 362,80~ EXHIBIT A-4 Functi~ I General Government Public Safety Health and Sanitation Highways Veterans' Benefits · Debt and Interest School Water Unclassified State and County Assessments ! Court Judgement Reserve For Encumbrances July 1, 1978 $ 32,779 850 10,579 51,796 (17,902) 295,067 45,857 407 19,957 439,390 Expenditures Prior Years $ 21,518 716 5,357 32,287 295,067 42,644 397,589 Encumbrances Cancelled $ 225 134 2,516 307 19,957 TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ended June 30, 1979 Provided For Prior Years 17,902 23,139 $ 17,902 Less: overdrawn to be provided for Appropriations Expended 428,691 $ 315,337 1,171,084 1,252,168 392,332 396,460 863,002 808,093 36,146 30,903 1,117,611 1,128,243 5,644,170 5,357,372 317,720 325,061 960,248 858,637 483,807 470,142 -__ 9,3,~2 11,414,81~ $ 10,951,768 _ (28,544) $ 1__0,923,224 Transfers $ (94,576) 85,056 7,804 19,717 696 19,737 10,759 (49,193) $ - ENCUMBRANCES Prior Current To Be Years Years Provided For $ 11,036 $ 2,172 5,222 19,509 35,635 697 100 303,124 2,051 546 19,271 $ ,362,799 13,586 5,606 9,352 28,544 Unencumbered Balance 1979 $ 16,606 3,972 3,676 38,991 5,939 2,954 3,411 1,367 51,872 See supplemental Schedule VII for detailed appropriation ahalysis of Municipal Functions and Activity See accompanying notes to financial statements. 8 TO~ OF NORTH ANDOVER, H~SACHUSETTS FEDERAL REV~UE SHARI'NG FUND BALANCE SHEET June 30, 1979 ASSETS Cash (Schedule I) Investments (Schedule II) Accounts Receivable: Federal Revenue Sharing Funds Receivable Total Assets FUND BALANCE Fund Balance See accompanying notes to financial statements. EXHIBIT B-1 $ 907 43,000 85,955 $ 12,9,86.2 EXHIBIT B-2 TOWN OF NORTH ANDOVER, MASSACHUSETTS FEDERAL REVENUE SHARING FUND STATEHENT OF REVENUES, EXPENDITURES AND CHANGES Fund Balance July 1, 1978 Revenues: Entitlements- Interest Income IN FUND BALANCE For the year ended June 30, 1979 412,8~0 7,373 Total Funds Available Expenditures Authorized: Salaries: Police Department Fire Department 150,000 150,000 Fund Balance June 30, 1979 $ 9,649 420,213 429,862 300,000 $ 129,862 See Accompanying notes to financial statements. 10 Caah ~SETS FUND BALANCE Fund Balance TOWN OF NORTH ANDOVER, MASSACHUSETTS ANTI-RECESSION FISCAL ASSISTANCE FUND BALANCE SHEET June 30, 1979 See accompanying notes to financial statements. 11 EXHIBIT C-l TOWN OF NORTH ANDOVER, HASSACHUSETTS OTHER FEDERAL AND STATE GRANTS B~ANCE SHEET June 30, 1979 ASSETS Due from General Fund LIABILITIES AND FUND BALANCE Liabilities: Vouchers Payable Fund Balance (Exhibit D-2) Total Liabilities and Fund Balance See accompanying notes to financial statements. 13 EXHIBIT D-1 193,187 6,768 ,186~419 $ 193,18,7 EXHIBIT D-2 TOWN OF NORTH ANDOVER, MASSACHUSETTS OTHER FEDERAL AND STATE GRANTS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1979 Grant' Fund Balance July It 1978 Receipts July 1, 1978 to ,June 30t 1979 Federal: Public Law #874 $ 147,332 $ 44,823 Public Law #89-10 ~ Title I 3,239 51,458 Public Law ~92-380 Title VI 2,700 Public Law #93-380 Title IVB 3,057 8,427 Public Law #94-142 Title V 830 Public Law #94-142 Title VlB 34,845 Public Law #94-482 19,833 Expenditures July 1, 1978 to June 30t 1979 State: Aid to Libraries $ 25,482 54,697 11,484 830 27,908 15,673 Fund Balance June ~0, 1979 $ 166,673 2,700 6,937 4,160 5,949 5,949 5,949 5,949 $ 163,107 $ !65,335 $ 142~02_ 3. $ 186,419 See accompanying note~ to financial statements. 14 TOWN OF NORTH ANDOVER, MASSACHUSETTS SPECIAL REVENUE FUNDS BALANCE SHEET June 30, 1979 ASSETS Due from C~neral Fund LIABILITIES AND FUND BALANCE Liabilities: Vouchers Payable Fund Balance Total Liabilities and Fund Balance See accompanying notes to financial statements. 15 EXHIBIT E-1 $ 69 ,~9~ 3,670 66~258 69,928 EXHIBIT E-2 TO~N OF NORTH ANDOVER, HASSACHUSETTS SPECIAL REVENUE FtD;DS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1979 Insurance Reimbursements: Fire Police Highway Water Building Fees Donations: T.J. Flately Desum Corp. Barbagallo Corp. Revolving Funds: School: Lunch Athletics Lost Books Tennis Court Sale of Town Owned Property Total Special Revenue Funds Fund Balance July 1, 1978 2,530. 1,371 381 943 13,500 19,942 9,903 1,317 240 5,~.696 $ 55.823 Revenues $ 302 515 8,763 572 7,000 11,000 308,554 6,161 1,887 $ 344,734 Expenditures $ 79 2,818 7,374 538 1,467 2,390 310,225 8,332 1,076 $ .33.4329_ 9 Fund Balance June 30} 1979 $ 223 227 2,740 415 943 13,500 5,533 8,610 18,271 7,732 2,128 240 5,696 $ 66,258 See accompanying notes to financial statements. 16 MAS S ACHUS ETTS ECT FUND REEf 1979 Total All Funds Town Garage $ 72,499 915,510 $ 98,8,,009 '~$ 915,510 72,499 $ 15,954 $ 15_,954 15,954 15,954 financial statements. Fire Engine $ 29,875 29~875 $ 29,87_5 Reservoir Covers 3,130 3,1 0 3,130 Water Mains 23,540 .60,~10 60,510 23,540 0 S ewe r Systems 8_55,000.- 855,000 $ 855,000 $ 855,000 EXHIBIT E-2 TOWN OF NORTH ANDOYER, MASSACHUSETTS SPECIAL REVENUE FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1979 Insurance Reimbursements: Fire Police Highway Water Building Fees Donations: T.J. Flately Desum Corp. Barbagallo Corp. Revolving Funds: School: Lunch Athletics Lost Books Tennis Court Sale of Town Owned Property Total Special Revenue Funds Fund Balance July 1, 1978 Revenues $ 302 2,530 · 515 1,371 8,743 381 572 943 13,500 7,000 11,000 ~penditures 79 2,818 7,374 538 1,467 2,390 Fund Balance June 30, 1979 223 227 740 415 943 13,500 5,533 8,610 19,942 308,554 310,225 18,271 9,903 6,161 8,332 7,732 1,317 1,887 1,076 2,128 240 5,696 240 5,696 16 See accompanying notes to financial statements. $ 55,823 $ 344,734 $~ $ 66,258 ASSETS Due from General Funds Loans Authorized LIABILITIES AND FUND BALANCE Loans Authorized and Unissued Fund Balances 17 TOI~ OF NORTH, ANDOVER, MASSACHUSETTS CAPITAL PROJECT FUND BALANCE SHEET June 30, 1979 Total All Town Funds ~ Fire Engine 72,499 $ 15,954 $ 29,875 915,510 988,009 915,510 $ 72~499 15,954 ?88_' 009 $ ~ $ __2.9,8 75 See accompanying notes to financial statements. Reservoir Covers 3,130 3,130 Water Mains 23,540 60, .S10 ~o. 60,510 23,540 84,059 EXHIBIT Sewer Sys terns 855,000.- $ ~5__. ooo $ 855,000 $ 855,00o_ I I nitial Project Authorization Fund Balance July 1, 1978 I Add: Sale of Bonds ITransfers from Trust and Agency Accounts Total Deduct: Expenditures Fund Balance June 30, 1979 18 TOWN OF NORTH ANDOVER, MASSACHUSETTS CAPITAL PROJECTS FUND STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1979 Total All Funds $ 832,000 $ 18,311 To,wn Garage $ 18,311 275,000 20tO00 $ 313,311 $ 18,311 240t812 $ 72,499 2,357 $ 15,954 Purchase of Fire Eh, tine $ 50,000 $ 30,0{30 20~000 $ 50,000 20 ~, 1.25 $ 29,8.75 F/HIBIT F-2 Installing Reservoir Covers $ l~._ o.=_oo_o $ 140,000 $ 140,000 136~870 $ · 3.13~ Replace Mains $ ~'o~._o_99 $ 105,000 $ 105,000 81,460 $ ASSETS Due from General Funds Inve s tmen t s 19 TON OF NORTH ANDOVER, HASSACHUSETTS TRUST AND AGENCY FUNDS BALANCE SHEET June 30, 1979 88,794 246,230 $ 335,024 LIABILITY TRUST AND FUND BAL~CE Vouchers Payable Fund Balance: Trust Funds: In Custody of Town Treasurer In Custody of Library Trustees Agency Funds See accompanying notes to financial statements. EXHIBIT G-1 $ 69,514 83,591 162,639 246,230 19~280 335,024 EXHIBIT TOWN OF NORTH ANDOVER, MASSACHUSETTS TRUST AND AGENCY FUNDS STATEMENT OF RECEIPTS, EXPENDITURES AND CHANGES IN FUND BALANCE For the year ended June 30, 1979 Fund Balance July 1, 1978 Receipts Exp~nditures Trust Funds: In Custody of Town Treasurer: Addle S. Armitage Joseph M. & Susan F. Stone Taylor Fund Moses Towne Sarah Barker Kate H. Stevens Herman Kober Stabilization Fund Conservation Fund $ 11,480 $ 1,049 10,000 670 250 21 8,112 674 3,241 162 348 29 100 63 23,405 2,103 670 20,000 Fund Balance June 30, 1979 In Custody of Library Trustees: George W. and Ruth E. Berrian Anne Bradstreet Charles Whitney Davis Phillips Fannie Goodhue Reynolds Abbott Stevens Dale Stevens Memorial Elizabeth P. Stevens Moses T. Stevens Nathantel & Elizabeth P. Stevens Mary Ob Tyler Special Gifts Copier $ 12,529 10,000 271 8,786 3,403 377 163 5,508 42~554 96,581 7,680 20,670 83,p91, 1,552 279 1,636 364 15,401 10,396~ 3,135 773 38,832 6,804 27,390 10,542 15,599 2,795 12,257 2,236 11,007 1,574 30,710 4,498 13,758 1,968 2,588 3,727 1,765 2~431 311 583 15,714 1,050 8,903 11,903 4,253 3,298 2,170 5,387 2,711 1,579 3m5!,6 ~gency Funds: Due-County Guarantee Deposits Charity Funds: Stone Taylor Employees' Witholding (Schedule VIII) 175,630 48,387 61,378 1,520 1,417 10,083 2,858 36,733 26,029 14,141 11,195 10,411 29,821 13,015 4,736 68O 162,639 9,893 9,930 78 2,437 Total Trust and Agency Funds 2,528 2,306 222 28,990 34,742 4,141 670 2,289,628 2,287,826 10,600 78 22,338 2,321,816 2,324,874. 19,289 $ ,294,5495 2,377,883 $ 2 406 922 See accompanying notes to financial statements. 20 $ ~65,510 EXHIBIT H-1 TOWN OF NORTH ANDOVER, MASSACHUSETTS STATEMENT OF GENERAL L~NG-TERM DEBT June 30, 1979 Amount To Be Provided For The Payment of General Long-Term Debt General LonE-Term Debt Payable (Note 1.G) Fiscal Year Ended - June 30 1980 1981 1982 1983-1991 Amortization Schedule Amount Due Principal Interest 830,000 $ 278,672 725,000 240,542 636,000 207,584 3,725,000 802~076 $ 5,916,000 $ 1,528,874 See accompanying notes to financial statements. 21 $ 5,916.000 Total $ 1,108,672 965,542 843,584 4~,527,076 TOWN OF NORTH ANDOVER, ~ASSACHUSETT$ NOTES TO FINANCIAL STATEMENTS June 30, 1979 1. ,Summary of Significant Accountin~ Policies A. Nature of Funds The accounts of the town are organized into funds or groups of accounts, each of which is considered to be a separate accounting accounting entity. The following funds are used in accounting for the financial operations of the Town of North AndoVer. 1. The General Fund refIects the financial transactions related to general governmental activities which are not otherwise accounted for in another fund; 2. General Revenue Sharing Fund and Anti-Recession Fiscal Assistance Fund which reflect the receipt of funds by the Town for the programs and the disbursement of such funds in accordance with Federal Guidelines: 3. Special Revenue Funds are used to account for the proceeds of specific revenue sources or to finance specified activities as required by law. 4. Trust and Agency Funds are established to account for money and property received and held by the Town as trustee, custodian or agent for individuals and private organizations. 5. The Capital Projects Fund reflects the receipt and disbursemen~ of resources for the acquisition bf capital facilities other than-those financed by special assessments. 6. The General Long-Term Debt Group of Accounts reflects the liabilities for long-term debt outstanding to be repaid in future years. B. Basis of Accounttn~ 1. The accounts of the General Fund are maintained and presented on the modified accrual basis of accounting. Under this method, revenues are recorded as received in cash except for Property Taxes which are recorded as Revenue when billed. 22 TOWN OF NORTH ANDOVER, MASSACHUSETTS NOTES TO FINANCIAL STATEMENTS June 30, 1979 Expenditures are recorded when they are paid in cash. Expenditures made during the fifteen days following the close of each fiscal year which are related'to the prior year are recorded as paid on June 30 and have been reclassified as vouchers payable. 2. ~he accounts of the Revenue Sharing, Anti-Recession Fiscal AssLstance and Capital Projects Fund are maintained on the same basis of accounting as the General Fund. Special Revenue, Trust and A~ency and the General Long-Term Group of Accounts are maintained and presented on the cash basis. Appropriation balances of Capital Projects are carried forward in the Capital Projects Fund until completion of the project. Co Other Debits: ~nounts to be Provided for in Future Periods 1. Underestimates of State and County assessments, Court Ordered Payments (Court Judgments ), Overdrawn Appropriations, as well as reserve for tax abatement deficits, which must be funded in the next fiscal year's tax levy in accordance with the General Laws of the Commonwealth of Massachusetts, are included in the balance sheet of the general fund as amounts to be raised from future taxation: State .AssessmeRts. 1979: Special Education, Chapter 766 Ipswich River Watershed, Chapter 16 County Tax - 1979 Court Judgements Overdrawn Appropriations: Group Insurance Interest on Temporary Loans $ 4,500 1,107 1,53~ $ 7,142 9,352 27 13,586 $ 13,6!3 23 TOWN OF NORTH ANDOVER, MASSACHUSE~I~S NOTES TO FINANCIAL STATEMENTS June 30, 1979 Reserve for Tax Abatement Deficits: Levy of 1975 Levy of 1978 Levy of 1979 66 664 9,442 10,172 Total Other Debits June 30, 1979 - $~ D. Reserve for State and County Assessments Reserve for State and County'Assessments must be used to reduce the gross amount to be raised in the next fiscal year by taxation. As of June 30, 1979 the Reserve includes: State: Recreation Areas 3,634 Air Pollution Control 57 Regional Transit Authorities 604 County: Tax Total Reserve for State and County Assessment E. Fund Balance Restricted Restricted Fund Balance as of June 30, 1979 was comprised of the following: Town Meeting Vote on May 29, 1979 Excess Abatement Reserves 14,976 19,271 $ 150,000 12,270 Total Fund Balance Restricted June 30, 1979 F. Town Meetin~ Vote - Fiscal 1980 $ The financial statements for June 30, 1979 do not reflect the Town Meeting Action for fiscal 1980 voted as follows: From From Other Revenue Available Funds Sharing From Borrowing $ i7,i72 $ 3--00_,_000 $ j9 i5,510 Date of ~nnual Town Meeting Total Fi.~cal 198~ All Articles May 29, 1979 $ 13,097,619 Tax Lev~ Free Cash $11.,71.4,937... .i.. $ 1..50,000 24 TO~N OF NORTH ANDOVER, MASSACHUSETTS NOTES TO FINANCIAL STATEMENTS June 30, 1979 G. General Lon~-Te~n Debt General Long.~.Term Debt Consists of several loans as listed in Exhibit H-1 and categorized as follows= ~nside Debt Limit Sewer Bonds Fire Station Fire Engine To~u Carage Sanitary Landfill Highway Bulldozer Outside Debt Limit · School Public Service Enterprise Water Total Debt Outstanding (Exhibit H-l) H. Retirement Benefits $ 115,000 60,000 30,000 120,000 40,0~ 70,000 $ 435,000 4,995,000 486,000 5,916,000 Certain administrative and other profegsional employees and teachers of the Towns school department participate individually in a contributory retirement plan administered by the Massachusetts Teachers' Retirement Board. The Town does not contribute to this plan. Retirement benefits are provided for other employees of the Town ~y the Town's participation in the Essex County Retirement System. Under the provisions of this plan, employees contribute certain percentages of their pay and are eligible for retirement benefits after attaining the prescribed age and/or period of service criteria. In addition, the Town contributes to this plan an ,annual amount determined by the Commonwealth of Massachusetts. Department of Banking and Insurance primarily on the basis of projected annual benefit payments for the year. The Towncontribution to this plan for fiscal year 1979 was $335,961. 25 TO~N OF NORTH ANDOVERt MASSACHUSETTS NOTES TO FINANCIAL STATE~d~NTS June 30~1979 Io Unemployment Security The town provides for its own share of the costs of unemployment insurance based on claims submitted by the Division of Employment Security to the town. J. Cqn, tingent Liab~lities: The letter of legal inquiry requested from town counsel stated that there were no contingent liabilities or unasserted claims pendin$ to date of auditorts report. TOWN OF NORTH ANDOVER, HASSACHUSETTS NOTES TO FINANCIAL STATEHENTS June 30, 1979 2. Departures from Generally Accepted Accounting pr~.nctples The difference between accounting and reporting practices prescribed or permitted under the Commonwealth's Uniform System and Generally Accepted Accounting Principles rebate primarily to the composition of funds and account groups and the basis of accounting. The differences are described below. A. Composition of Funds and Account Grou~s Under generally accepted accounting principles the town would maintain enterprise funds to account for the financing of water and sewer services, a debt service fund to account for the payment of interest and principal on long-term debt, a special assessment fund to account for the construction and financing of certain public improvements which are to be paid wholly in part from special assessments levied against benefited property and a general fixed assets group of accounts to provide historical cost information on Town-owned property, plant and equipment. B. B~sts of Accou~%tng Under generally accepted accounting principles all of Town's funds except the Trust and Agency and Capital Projects Fund would be accounted for on a modified accrual basis. The accrual method of accounting would be used in the accounts of the Capital Projects and the Trust'and Agency Funds. 1. Modified accrual basis. Under the modified accrual basis of accounting, revenues are recorded when they are both measurable and available or of a material amount and have not been received at the normal time of receipt. Other revenue items are recorded as received in cash. Expenditures are recorded when the liability is incurred. 26 TOl~d OF NORTH iaflDOFER~ HASSACHUSETTS NOTES TO FINANCIAL STATEMENTS June 30, 1979 2. Accrual basis. Under the accrual basis of accounting, all revenues and expenditures are accrued. Departures from generally accepted accounting principles have their greatest effect on the accounts in the Town's general fund. Certain revenue items such as excise, departmental receivables, and amounts due from Federal, State or County agencies, would be accrued after giving some consideration to uncollectable accounts. A reserve account for property tax abatements is established in the year these items are assessed. These reserves have no relation to the collectability of the accounts. Certain expenditures are given deferred recognition. Overdrawn appropria- tions and underprovtded amounts assessed by the Commonwealth of Massachusetts are set aside as "other debits" and funded in the next fiscal period by property tax assessments. Overprovided Commonwealth assessments are established as reserves and are available in the next fiscal year. It is not practical to calculate the effect of such departures on fund balance. The To.ns pension plan would be recorded on the accrual basis and- liabilities actuarily determined. 27 SCHEDULE I TOWN OF NORTH ANDOVER, MASSACHUSETTS RECONCILIATION OF TREASURER'S C~H Cash balance July 1, 1978 Receipts Disbursements For the year ended June 30, 1979 Cash balance June 30, 1979 Composition of Cash Balance on June 30m 1979 Cash on deposit: Checking Accounts: Arlington Trust Co. Arlington Trust Co., Payroll Arlington Trust Co., School Lunch Bay Bank - Merrimack Valley Bay Bank - Merrimack Valley Revenue Sharing Bay Bank - Merrimack Valley Community Development Bay State National Boston Safe Deposit Essex County Bank First National Bank of Boston Harbor National Bank New England Merchants Shawmut Bank of Boston State Street Bank United States Trust Co. Savings Accounts: Bay Bank Merrimack Valley Pond School Bay Bank Merrimack Valley Red Schoolhouse Bay Bank Merrimack Valley Tax Sale Excess Community Savings Malden Co-operative Massachusetts Municipal Depository In Safekeeping: Bank certificates of deposit verified Deposit in transit verified Cash variation Presentation of Cash in Balance Sheets: General Fund (Including investments of $600,000) Revenue Sharing Fund (Including investments of $43,000) Anti-Recession 28 $ 1,136,162 17,668,656 (17,244,343) $ 1,560,475 $ 28,073 100,000 975 15,965 907 9 167,710 31,841 16,664 46,790 2,669 3,795 2,302 3,613 193,401 388 2,656 1,327 12,298 271,179 1,799 643,000 15,848 (2,734) $ 1__,560~475 $ 1,515,400 43,907 1 168 SCHEDULE II TO%~N OF NORTH ANDOVER, MASSACHUSETTS INVESTMENTS June 30, 1979 C~ificates of Deposits Bank General Fund: Arlington Trust Company Bay Bank Merrimack Valley Essex Bank New England Merchants State Street Bank and Trust United States Trust Co. Certificate 245~1' 2813 5069 29480 20394 21678 Due Date 7-23-79 7-23-79 7-26-79 7-23-79 7-23-79 2-23-79 Revenue Sharing Fund: Bay Bank Merrimack Valley Total Invested Cash 1939 7-6-79 29 Rate 9.50 9.25 9.50 9,35 9.40 9.375 7.75 Amount $ 100,000 100,000 100,000 100,000 100,000 100~000 600,000 43,000 Real Estate Taxes Levy of 1979 Levy of 1978 Levy of 1977 Levy of 1976 Levy of 1975 Levy of 1974 Levy of 1973 Personal Property Taxes Le~y of 1979 Levy of 1978 Levy of 1977 Levy of 1976 Levy of 1975 Levy of 1974 Levy of 1973 Hotor Vehicle Excise: Levy of 1979 Levy of 1978 Levy of 1977 Levy of 1976 Levy of 1975 Levy of 1974 Levy of 1973 Levy of 1972 Farm Excise: Levy of 1979 Levy of 1977 3O Uncollected Taxes 4u17 1, 1978 327,722 41,737 7,120 1,127 (91) 1,052 2,695 887 554 139 6 73 102,299 56,062 9,334 4,210 2,043 3,036 513 $ 177,497 $ $ 41 TOWN OF NORTH ANDOVER, HASSACHUSETTS SCHEDULE OF REAL ESTATE, PERSONAL PROPERTY MOTOR VEHICLE EXCISE AND FARH ANIHAL EXCISE TAXES For the year ended June 30, 1979 Abatements Adjus ted and Taxes Commitments Adjustments Collectable Transferred to Tax Liens $ 7,532,871 $ 277,514 $ 7,255,357 (719) 328,441 (2,547) 44,284 (3,158) 10,278 877 250 (91) 397 655 $ 3,360 3,770 628,145 8=161 338 627,807 6 2,689 (140) 1,027 283 271 66 73 6 73 $ .272,.905 $ 8,271,132 $ 869,390 338,063 13,240 126 134 $ 1,220,953 $ 49,377 32,955 16,035 (4,166) 1,110 (60) (99) 10 s ?),,162 820,013 407,407 53,267 13,626 3,100 2,103 3,269 5O3 $ ._1,303,288 $ 638 $ 638 $ 638 41 $ 679 Collections Net of Refunds And Overpayments $ 6,885,478 312,215 40,514 10,278 25O 655 625,064 588 $ 7_~, 875,, 042 480,057 347,482 32,454 98O 266 105 '--.. 371 79 P~I.? 794 .$ 638 $ 638 SCHEDULE III Uncollected Taxes June 30t 1979 Uncollected Taxes June 30, 1979 Per Detail $ 366,519 16,226 $ 366,506 16,226 2,743 2,101 1,027 271 73 2,743 2,101 1,027 271 73 $ 388,960 $ 388,99? $ 339,956 59,925 20,813 12,646 2,834 1,998 2,898 424 $ 44!.494 $ 340,587 55,688 19,501 12,646 2,834 1,998 2,898 424 $ 436.576 $ $ 41 $ $ 41 I I I I I I I I I I I I I I I I I I I Tax Titles Tax Posessions Taxes in LitiEation 31 TOI~ OF NORTH ANDOVER, MASSACHUSETTS SCHEDULE OF TAXES IN LITIGATION For the year ended June 30, 1979 Uncollected Transfers Accounts and July 1~ 1978 Adjustments $ :3,970 $ (7,986) 8,590 (2,836) $12,560 $ 3.560 $ (1,033) Adjusted Accounts Collectable $ 11,956 11~426 $ 23,382 $ 4,593 Collections Net of Refunds And Overpa~n~nt~ $ 2,441 2,900, $ 5,341 Uncollected Accounts June 30t 197~ $ 9,515 ,8~526 $18,o~ $ 4,593 SCHEDULE IV Uncollected Accounts June 30, 1979 Per Detail 9,515 8,526 Rates Maintenance and Construction Mains: Unapportioned Added to T~xes: Levy of 1979 Levy of 1978 Committed Interest~ Levy of 1979 Levy of 1978 Rates Added to Taxes: Levy of 1979 Levy of 1978 Greater Lawrence Sanitary Sewer District: Rates Added to Taxes 1979 Sewer Assessments: Unapportioned Maintenance and Construction Added to Taxes: Levy of 1979 Levy of 1978 Other: School Veterans' Benefits Aid to Hi§hways Uncollected Accounts July 1, 1978 $ 23,074 10,463 900 537 60 ! ,463, $ 36,497 $ 40,847 $ 40,847 $ 24,811 15,569 202 40,582 $ 1,979 18,361 80,104 $ !00,444_~ TOWN OF NORTH ANDOVER, MASSACHUSETTS SCHEDULE OF ACCOUNTS RECEIVABLE -WATER/SEWER AND OTHER For the year ended June 30, 1979 Commitments Collections Abatements Adjusted Net of Uncollected and Accounts Refunds and Accounts Adjustments Collectable Overpayments June 30, 1979 $ 237,301 26,621 $ (5,579) $ 265,954 23,211 13,873 $ 232,624 7,985 $ 33,330 5,888 5,700 900 5,700 300 5,400 3,901 486 3,415 2,778 637 450 87 87 2,464 251 2,213 2,074 139 4 56 56 141 8,466 1,324 139 $ ~ $ 299,90_3 8,607 $ (6,875) $ 254,426 575 26,100 $ 6,300 $ 280,526 $ 284,594 $ 206,70~ 26,675 $ 866 $ 25,607 22,476 6,551 (142) 5,033 60 142 1,662 13,458 4,891 $ 20,011 $~ $ 37,3~3 $ $ 1,979 (270) 31,402 $ (270) '$ _!~ 12,771 8,348 98 $ ?5.4,35o $ 205,649 25,383 $ ?_=31,032 $ 2,454 2,493' 4,945 142 $ 10,034 14,870 80,104 $ 94,,974 $ 12,771 118 41 $ 48,777 717 $ 49,494 $ 23,153 4,058 88 $ 1,979 16,532 $ ~8,51.1 SCHBDULE V Cash Balance June 30~ 1979 Uncollected Accounts June 30, 1979 Per Detail $ 2,871 $ 30,459 5,888 5,400 637 139 118 41 $ 42_,68.2 $ 2,721 $ 2. 721 $ 46,056 713 $ 23,153 4,058 88 $ 27,299 $ 1,979 16,532 $ 18,511 32 Deferred Assessments/Betterments Sewer Assessments Water Heine Suspended Assessments later Haine 33 TOWN OF NORTH ANDOVER, MASSACHUSETTS DEFERRED/SUSPENDED ASSESSMENTS-DUE IN FUTURE PERIODS June 30, 1979 1979 $ 4,856 2,931 1980 $ 4,521 2,931 SCHEDULE VI Due In 1981 $ 4,281 1,635 1982 $ 3,089 1,575 1983-1996 $ 9,133 7,049 Total $ 25,880 16,121 10,548 SCHEDULE TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL ~JND ST~/~EMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS ,Function/Activity Reserve For Encumbrances J,uly lm 1978 General ~overnment: Selectmen .... $ Administrative Special Legal Services Out of State Travel :- Speed Signs Salem Street Accountant Treasurer Tax Collector Assessors 5,082 Town Clerk 5,500 Election Town Counsel Moderator Planning Board Merrimac Valley Planning Council Conservation 193 Board of Appeals Personnel Board Article 29 Cost of Living Article 30 Cost of Living Article 31 Cost of Living Article 32 Cost of Livin$ Article ~4 Building Inspector Article 35 Classification Bldg. Insp. Article 39 Collective Bargaining Boundary Lawrence & North Andover 2,500 Eminent Domain-School 600 Computer Services 14,393 Engineering Services 4,311 Local Growth Police Study 200 Town Hall and Garage Building $ 32,779 Expenditures Prior Years 1,870 5,469 9,868 4,311 $ 21,518 Provided For Prior Years For the year &nded June 30, 1979 1978 Encumbrances Cancelled Appropriations Expenditures $ $ 27,635 $ 18,000 7,000 500 1,024 '38,801 39,966 31,117 47,398 32- 21,946 15,010 9,000 200 23,450 193 3,256 1,800 3,068 14,184 1,397 1,140 900 2,880 318 93,201 28,333 18,000 10,383 852 40,774 40,216 29,656 46,094 22,285 19,226 9,000 200 13,556 3,257 2,577 2,891 270 $ 225 25,50,0 $ 42~,691 27,767 Transfers 718 3,384 1,986 363 1,316 728 388 4,230 186 840 79 (14,170) (1,365) (1,140) (900) (318) (93,201) 2,3,00 ENCUMBRANCES Prior Fiscal Year 1979 172 3,211 2,000 2,500 600 4,525 200 $ 11,036 $ ..2,172 Overdrawn To Be Provided For Unencumbered Balance 1979 $ 20 500 13 113 2,777 32 49- 14 10,080 63 256 14 32 2,610 33 $ 16,606 Function/Activitx Public Safety: Police Fire Dos Officer Tree Buildin$ Inspector Gas Inspector Wiring Inspector Sealer Civil Defense Crossing Guards Health and Sanitation: Health Animal Inspector Garbage Disposal Greater Lawrence Sanitary District Operation Sewer Reserve For Encumbrances Expenditures .J~l¥ 1, 1976 Prior Years 850 $ 716 $ 850_ $ 71_6 10.579 $ 51357 10.579 $ 5.357 35 TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS (Cont.) For the year ended June 30, 1979 Provided For Prior Years 1978 Encumbrances Cancelled Appropriatton~ EApenditures 134 442,663 561,049 10,725 94,540 29,288 1,100 5,000 2,450 5,169 19,100 477,068 601,378 11,708 96,877 31,633 1,285 2,402 4,814 19,819 $ ~,252,168 $ 25,435 420 21,156 277,4,01 $ 392,332 $ 32,003 420 21,106 277,400 65,53~ $ 396,460 Transfers $ 36,003 40,652 1,021 3,349 2,346 185 6OO 9OO $ 8 .o59 $ 7,031 773 . EN.C'UHBRANCES Prior Year Fiscal 1979 $ 5t222 $ 5,22_~2 S CflEDULE VII Overdrawn To Be Provided For Unencumbered Balance 1979 $ 1,598 323 38 1,012 1 416 47 356 181 $ 463 5O 1 3{162 $ 3,676 Function/Activity, Highways: Surveyor Street Maintenance Snow Removal Charter 356 Road Construction Refuse Disposal Replace Building Disposal Site Landfill Eminent Domain Engineering Upgrade Landfill Site Engineering Drainage Easements Sorbo Gift Andrew Circle Increase Street Lighting Repair and Maintain Streets Installing Drainage Installing and Maintenance Sidewalks Making and Placing Street Erecting and Replacing ~uard Rails Replace Existing Catch Basin Frames Purchase Bulldozer Road Construction Holt Road Landfill Site Developing New Landfill Site Street Lighting Reserve For Encumbrances J~ly 1, 1978 $(17,902) 4,216 2,294 14,146 1,045 2,480 402 1,000 26,213 $ 51,796 36 Expenditures 'Prior Years 4,215 200 1,659 26,213 $ 32,28~ Provided For ~Prior Years $ 17,902 $ 17,902 TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS (Cont.) For the year ended June 30, 1979 1978 Encumbrances Cancelled Appropriations Expenditures 19,039 275,52.2 110,000 $ 19,039 272,950 93,828 159,915 157,'796 5,000 95,000 12,500 5,000 1,000 1,000 1,000 13,287 44,739 25,000 15,000 ,80,000 $ 863,002 95,000 12,500 5,000 998 1,000 1,000 10,430 44,739 9,365 84,448 $ 808,093 Transfers $ 9,115 6,153 4,449 I_9_,AZ ENCUMBRANCES 'Prior Fiscal Year 1979 2,094 14,146 1,045 822 4O2 1,O00 5,000 25,000 5,635 $ 19,509 $ 35,635 SCHEDULE VII 'Overdrawn To Be Provided For Unencumbered Balance 1979 $ 11,687 16,172 8,272 2 2,857 1 $ .38,991 Function/Activity Veterans~ Veterans Benefits North Andover and Boxford District~ Veterans Services Debt end Interest= Haturin8 Debt Interest on Maturing Debt Interest Temporary Loans School and Libraries: School Salaries School Expenses Out of State Travel Greater Lawrence: Hental Health Service DruE Council Vocational School Stevem Hemorial Library: Salary Expenses Reserve For Encumbrances July 1, 1978 $ 295,067 37 Prior Years 295,067 95,o67 T~ OF NORTH ANDOVER, MASSACHUSETTS GENERAl. FUND STATE.~ENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS (Cont.) For the year ended June 30, 1979 Provided 1978 For Encumbrances Prior Years Cancelled Appropriatio~s Expenditures $ 30,000 $ 24,757 6,146 16,146 36.146 $ ~30.903 788,400 $ 788,400_ 314,211 311,257 15,000 28,586 $ 1,117.611 $ !,128,243 $ 4,333,003 $ 4,030,725 992,581 1,005,233 2,479 1,376 13,000 13,000 10,000 10,000 162,333 162,332 100,774 105,131 30,000 _. 29.575 $ ~.357,372 Transfers 696 696 15,000 4,737 19,737 ENCUHBRANCES Prior Fiscal Year 1979 300,773 2,351 $ 303,124 SCHEDULE VII Overdrawn To Be ~rovided For !3,586 13,586 Unencumbered Balance 1979 5,939 $ 2~954 $ 1,502 1,103 1 38O 425 ,Function/Activit[ ~a[e~t Water Haintenance and Construction Salary Water Hatntenance and Construction Expense LayinS Water Hain and Linins Old Hain Renew Water Service RaisinS Extend ~a~er Mains Renew ~a~er Services Ga~e~ Reline ~aCer Hain Haas. Ave. gx[end ~a[er;Hain S~er Rene~ ~a[er and Sewer Services Pe~anen[ Pa[ch ~aCer ~d Se~er Plans Replacins ~a[er Ha[n Purchase and install P~p and Lake ~a~er ~a[i[y Hon[[orins Progr~ Ex[end Sewer Tu~pike Sires[ Basks[ball Cour[s ~eynolds P1 ayground Reviewing ~ater & Sewer Source Ex,ending ~a~er Hain Sal~ S~ree[ Pa[chins ~a~e~ and Sewer Trenches La~e Honi[oring Ar[icle 48 Purchase Sewer Rodder and ~p T~ck Reserve For Encumbrances July It 1978 $ 433 56 1,199 124 3,240 2,726. 4,500 696 3,299 25,946 1,588 558 1,492 $ 45,857 38 Prior Years $ 3,218 2,726 4,498 3,186 25,946 1,588 1,482 $ 42,644 TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITIt AUTHORIZATIONS (Cont.) Fpr the year ended June 30, 1979 Provided For Prior Years 1978 Encumbrances Cancelled Appropriations Expenditures 433 56 1,199 124 22 2 112 558 10 $ 140,500 138,720 $ 150,748 137,927 $ 2,516 3,000 10,500 3,000 5,000 lT,OOq $ 317,720 3,000 10,460 2,989 2,949 $ 325,061 Transfers $ 10,759 $ 10,759 ' ENCUMBRANCES Prior Year $ 697 $ 697 SCHEDULE Fiscal 1979 Overdrawn To Be Provided For $ 2;051 $ 2,051 Unencumbered Balance 1979 $ 511 793 40 11 12 $ 1,367 I I I II I I II II I I I I I I I I I I Function/Activit[ Reserve For Encumbrances July 1, 1978 Unclassified: Paving Axea Bradst~eet- School $ 307 Allen Playground Plaque 100 Playgrounds and Bathing Beach: Salary Expenses Parks and Playgrounds: Salary Expense Oiling Paved Areas Various Schools Installing Devices Bradstreet School Recreation Council: Salary Expense Resurfacing Parking Lot A L Beach Advisory Committee: Salary Expenses Reserve Fund Annual Town Heeling Expense Capitol Budget Commission Expense Insurance General Group Insurance Essex County Retirement Pensions Unemployment Compensation Fourth of July Patriotic and Civic C~tebrattons North Andover Historical ?Commissions Graves Registration Salary Expenses Rental of Veterans Quarters Industrial Con~nisston Expense Council on A~ing Board of Public Works 407 Prior Years ~q Provided For Prior Years TOWN OF NORTH ANDOVER, MASSACHUSETTS GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS (Cont.) For the year ended June 30, 1979 1978 Encumbrances Cancelled Appropriations Expenditures $ 307 30% $ 36,540 $ 8,400 39,000 11,500 7,000 5,000 17,150 9,160 4,500 1,300 200 50,000 4,875 1,075 105,000 276,387 335,961 20,000 5,200 8OO 400 200 500 1,200 100 17,300 1,500 $ 960,248 36,205 8,567 39,000 11,242 7,000 4,455 17,138 9,096 4,488 1,734 105 5,944 1,070 104,879 240,773 335,960 6,099 5,199 743 205 200 497 i,200 19 15,319 1~500 $ _8}_8.637 Transfers $ 168 (168) 475 (17) (49,974) ! ,070_ (17) (730) $(49.193) SCHEDULE VII ENCUMBRA~CE~ Overdrawn Unencumbered Prior Fiscal To Be Balance Year 1979 Provided For 1979 $ 546 $ too $ 546 $ 100 $ 335 1 9O 12 12 41 78 26 1 5 121 35,614 1 13,901 1 57 178 3 81 1,250 51,872 Federal ~ithhold[ng State ~ithhold[ng County Retirement Court Ordsr Teachers' Retirement Mass. Hospital Service Christmas Club United Fund Tax Shelter Annuity North Andover Credit Union Teachers' Union Dues Public Works Employees Dues Fire Fighters Union Dues Fire Fighters Insurance Teachers Credit Union Meals Tax Acc[dent Insurance TO~N OF NORTH ANDOVER, NASSACHUSETTS TRUST AND AGENCY FUNDS SCHEDULE OF ENPLOYEE ~ITHHOLDINC~ For the year ended June 30, 1979 Fund Balance July 1, 1978 Deductions $ 25 $ 1,041,051~: (6) 316,148 140,552 312 191,081 146,299 20,774 2,681 2,408 45,981 244,840 2 26,979 2 4,150 2,946 2,454 97,923 6 630 ,, , 4~827 $ 2,437 $ 2,289,628 4O SCHEDULE VIII Payments to Agencies 1,041,076 316,142 140,552 312 191 ~081 145,348 20,744 2,681 45,131 244,840 26,981 4,152 2,946 2,454 97,923 636 4~827 .2,287,826 Fund Balance June 30, 1979 $ 951 30 3,258 4,239