HomeMy WebLinkAboutAUDIT 06-30-1986 TOWN OF NORTH ~NDOVER, HASSACHUSETTS
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE AND
AUDITOR'S REPOKTS REQUIRED UNDER THE
SINGLE AUDIT ACT OF 1984
FOR THE YEAR ENDED JUNE 30, 1986
APR 0 6 1988
TOWN OF NORTH ANDOVER, MASSACHUSETTS
FINANCIAL REPORT PURSUANT TO OMB CIRCULAR A-128
FOR THE YEAR ENDED JUNE 30,1986
INDEX
Auditor's Report on Schedule
of Federal Financial Assistance
Auditor's Report on Compliance with Laws and Regulations
Related to Major and Nonmajor Federal Financial
Assistance Programs
Auditor's Report on Internal Controls Used in
Administering Federal Financial Assistance
Programs
Schedule I - Schedule of Federal Financial Assistance
Notes to Schedule of Federal Financial Assistance
Schedule I - Schedule of Findings and Questioned Costs
Pag~
2
5
8
10
12
AUDITOR'S REPORT ON
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
TO the Honorable Board of Selectmen,
Town of North Andover, Massachusetts:
We have examined the general purpose financial statements of the TOWN
OF NORTH ANDOVER, MASSACHUSETTS as of June 30, 1986 and for the year then
ended, and have issued our report thereon, which was qualified in several
respects, dated February 27, 1987. Our examination was made in accordance
with generally accepted governmental auditing standards and the standards for
financial and compliance audits contained in the Standards for Audit of
Governmental Organizations, Pro~rams, Activities and Functions, issued 'by the
~.S. General Accounting Office and, accordingly, included such tests of the
accounting records and such other auditing procedures as we considered
necessary in the circumstances.
Our examination was made for the purpose of forming an opinion on the
general purpose financial statements taken as a whole. The accompanying
Schedule of Federal Financial Assistance is presented for purposes of
additional analysis and is not a required part of the general purpose
financial statements. The information in that Schedule has been subjected to
the auditing procedures applied in the examination of the general purpose
financial statements of the Town and, in our opinion, is fairly stated in all
material respects in relation to the general purpose financial statements
taken.as a whole.
February 27, 1987
Very Truly Yours,
Acting Director-~ureau/~f Accounts
Department of Revenue ~/
2
AUDITOR'S REPORT ON COMPLIANCE WITH LAWS AND
REGULATIONS RELATED TO MAJOR AND NONMAJOR FEDERAL
FINANCIAL ASSISTANCE PROGRAMS
To the Honorable Board of Selectmen,
Town of North Andover, Massachusetts:
We have examined the general purpose financial statements of the TOWN
OF NORTH ANDOVER, MASSACHUSETTS for the year ended June 30, 1986 and have
issued our report thereon, which was qualified in several respects, dated
February 27, 1987. Our examination was made in accordance with generally
accepted governmental auditing standards; the standards for financial and
compliance audits contained in the Standards for Audit of Governmental
Organizations, Programs, Activities and Functions, issued by the U. S. General
Accounting Office; the Single Audit Act of 1984; and the provisions of OMB
Circular A -128, Audits of State and Local Governments and, accordingly,
included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
The management of the Town of North Andover, Massachusetts is responsible
for the Town's compliance with laws and regulations. In connection with the
examination referred to above, we selected and tested transactions and records
from each major federal financial assistance program, and additionally 2 non
major federal financial assistance programs, a) P.L. 81-874- "Equipment
Inventory", b)"The National School Lunch Program". The purpose of our testing
of transactions and records from those federal financial assistance programs
was to obtain reasonable assurance that the Town of North Andover,
Massachusetts had, in all material respects administered major programs in
compliance with laws and regulations including those to financial reports and
claims for advances and reimbursements, noncompliance with which we believe
could have a material effect on the allowability of program expenditures.
Our testing of transactions and records selected from major federal
financial assistance programs disclosed instances of noncompliance with those
laws and regulations. All instances of noncompliance that we found and the
programs to which they relate are identified in the accompanying Schedule of
Findings and Questioned Costs.
In our opinion, subject to the effect of the ultimate resolution of those
instances of noncompliance referred to in the preceding paragraph, for the
year ended June 30, 1986, the Town of North Andover, Massachusetts
administered each of its major federal financial assistance programs in
compliance, in all material respects, with laws and regulations, including
those pertaining to financial reports and claims for advances and
reimbursements, noncompliance with which we believe could have a material
effect on the allowability of program expenditures.
The results of our testing of transactions and records selected from
nonmajor federal financial assistance programs indicate that for the
transactions and records tested the Town of North Andover, Massachusetts
complied with the laws and regulations referred to in the second paragraph of
our report, except as noted in the accompanying Schedule of Findings and
Questioned Costs. Our testing was more limited than would be necessary to
express an opinion on whether the Town of North Andover, Massachusetts
administered those programs in compliance in all material respects with those
laws and regulations noncompliance with which we believe could have a m~terial
effect on the allowability of program expenditures; however, with respect to
the transactions and records that were not tested by us, nothing came to our
attention to indicate that the Town of North Andover, Massachusetts had not
complied with laws and regulations other than those laws and regulations for
which we noted violations in our testing referred to above.
February 27, 1987
Very. Truly Yours,
Ma r'~e"~ let Mu r p~m2~']_~ /.~'~f~
Acting Direotor-~ur~u of Accounts
Department of Revenue
AUDITOR'S REPORT ON INTERNAL CONTROLS USED IN
ADMINISTERING FEDERAL FINANCIAL ASSISTANCE PROGRAMS
TO the Honorable Board of Selectmen,
Town of North Andover, Massachusetts:
We have examined the general purpose financial statements of the TOWN
OF NORTH ANDOVER, F~SSACHUSETTS for the year ended June 30, 1986 and have
issued our report thereon, which was qualified in several respects, dated
February 27, 1987. As part of our examination, we made a study and evaluation
of the internal control systems, including applicable internal administrative
controls, used in administering federal financial assistance programs to the
extent we considered necessary to evaluate the systems as required by
generally accepted auditing standards, the standards for financial and
compliance audits contained in the Standards for Audit of Governmental
Organizations, Programs, Activities and Functions, issued by the U. S. General
Accounting Office, the Single Audit Act of 1984 and the provisions of OMB
Circular A -128, Audits of State and Local Governments. For the purpose of
this report, we have classified the significant internal accounting and
administrative controls used in administering federal financial assistance
programs in the following categories:
Accounting
Controls
Revenue/receipts
Expenditure - purchasing and payroll
External financial reporting
Administrative
Controls- General
Political activity
Davis-Bacon Act
Civil rights
Cash management
Relocation assistance and real property
acquisition
Federal financial reports
Administrative
Controls-Specific
Types of services
Matching level of effort
Eligibility
Reporting
Costs allocation
Monitoring subrecipients
The management of the Town of North Andover, Massachusetts is responsible
for establishing and maintaining internal control systems used in
administering federal financial assistance programs.
In fulfilling that responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of control
procedures. The objectives of internal control systems used in administering
federal financial assistance programs are to provide management with
reasonable, but not absolute, assurance that, with respect to federal
financial assistance programs, resource use is consistent with laws,
regulations and policies; resources are safeguarded against waste, loss and
misuse; and reliable data are obtained, maintained and fairly disclosed in
reports.
Because of inherent limitations in any system of internal accounting and
administrative controls used in administering federal financial assistance
programs, errors or irregularities may nevertheless occur and not be
detected. Also, projection of any evaluation of the systems to future
periods i~ subject to the risk that procedures may become inadequate because
of changes in conditions or that the degree of compliance with the procedures
may deteriorate.
Our study included all of the applicable control categories listed above.
During the year ended June 30, 1986, the Town of North Andover, Massachusetts
expended 51% of its total federal financial assistance under major federal
financial assistance programs. With respect to internal control systems used
in administering major federal financial assistance programs, our study and
evaluation included considering the types of errors and irregularities that
could occur, determining the internal control procedures that should prevent
or detect such errors and irregularities, determining whether the necessary
procedures are prescribed and are being followed satisfactorily, and
evaluating any weaknesses.
With respect to the internal control system used solely in administering
the nonmajor federal assistance programs of the Town of North Andover,
Massachusetts, our study and evaluation was limited to a preliminary review of
the systems to obtain an understanding of the control environment and the flow
of transactions through the accounting systems. Our study and evaluation of
the internal control systems used solely in administering the nonmajor federal
financial assistance programs of the Town of North Andover, Massachusetts did
not extend beyond this preliminary review phase.
Our study and evaluation was more limited than would be necessary to
express an opinion on the internal control systems used in administering the
federal financial assistance programs of the Town of North Andover,
Massachusetts. Accordingly, we do not express an opinion on the internal
control systems used in administering the federal financial assistance
programs of the Town of North Andover, Massachusetts. Further, we do not
express an opinion on the internal control systems used in administering the
major federal financial assistance programs of the Town of North Andover,
Massachusetts.
Also, our examination, made in accordance with the standards mentioned
above, would not necessarily disclose material weaknesses in the internal
control systems used solely in administering nonmajor federal financial
assistance programs. However, our study and evaluation and our examination
disclosed no condition that we believe to be a material weakness in relation
to a fe6eral financial assistance program of the Town of North Andover,
Massachusetts.
THis report is intended solely for the use of management of the Town of
North Andover, Massachusetts, the Department of Education and other associated
federal organizations, and should not be used for any other purpose. This
restriction is not intended to limit the distribution of this report, which,
upon acceptance of the Town of North Andover, Massachusetts, is a matter of
public record.
February 27, 1987
Very Truly Yours,
Acting Director-~Bur~u of Accounts
Department of Revenue
TOWN OF NORTH ANBOVER, ~ASSA('IiUSETTS
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
For the year ended June 30, 1986
SCIIEDULE I
Pass-Through Grantor Catalogue
~rogram Title Number
UBS.Department of Education
Public Law 81-874 84,041
Public Law 81-815
Passed Throuh_~g_~tate
· Department of Education
E.C.I.Ao-Chapter ! P.L. 97-35 84,010
B,CoI.A.-Chapte~ ! PuL, 97-35
E.C.10Ao-Chapter Il PuL. 97-35 84o]5i
E,C°IoA,-Chapte£ Il PuL, 97-35
84,151
-Title VI BoP.L, 94-142 84,027
-Title VI B.PoL. 94-142 84.027
-Title VI B.P.L. 94-142 84.027
-Title I P.L. 89-313 84,009
E.E.S.A,-Titie II P°Lo 98-377 84,161
Voc. Ed. P.L. 98-524 84,048
~.S? Department Bi Agriculture
Passed Through St~at~e
Department of Education
Food Bistribution {1)
National School
Lunch Program
Pass-Through Program Revenue Recognized
Number Amount duly 7,]985 Federa~ ~at~ ~the~
Expenditures
S N/A $ ]4,036 $ 9,386
N/A 141,14~
155, ] 80 ,~038~ (] 41, ] 4---------~)
86-211-080 73,311 -0- 72,668
85-211-080 N/A 1,838 ¢71,643)
Block grant {1,838)
F.Y. 1986 14,241 -0- 14,241
Block grant (14,241)
F.Yo 1985 N/A 38
138)
240-216-6-0211-2 96,530 -0- 96,530 {95,308)
262-079-6-0211-2 6,000 -0-' 6,000
N/A 95 (2,652)
200-237-6-0211-2 18,000 -0- 18,000 {}7,907}
2,476 -0- 2,476 (2,476)
400-071-0211-2 _3_7,575 -0- 7,575 · (7,481]
~,971 217,490 (213,6791
10,550 7053-2113 N/A -0- 47,007 (47,007)
10.555 7Q53-2113 N/A 24,845 ~2,03~ ~1,934 ~01,05~
24,845 ~09,043 3],934 ~01,05~8_8 (413,83~)
The Accompanying Notes to the Schedule of Federal Financial Assistance Are an Integra] Part of this Schedule,
8
Fund Palance
Trsnsfe~ Jun~30,
23,422
23,422
1,025
1,222
3,348
-0-
53,046
53,046
TOWN OF NORTH ANDOVER, NASSACHUSETTS
SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
For the year ended June 30, ]986
SCNEDULE I, continued
Federa! Grantor Federal
Pass-Tbrougb Grantor Catalogue
~o~ram Title Number
Department of The Treasur~
Federal Revenue Sharing 21o300
Department of Ilousin~ and Urban Development
Community Development
Block Grant 14.218
Me[~imac River Access
Total IIousing and
Urban Development
Total Federal Financial Assistance
Pass-Through
Number
Program Bevenue Necoqnize~
or Award Fund Balance
Amount ~uly ],1985 Federal State Other
351,267 327,741
E_~x£endJtures Transfers
(1) Represents the Harket Value of
L~nated U.SoD.A. Co~oditles Lees
Actual Costs Incurred Relative to
delivery,
(2) Includes $31,934 State Expenditures
and $272,857 Local Expenditures for a
Total of $304,791. The Actual Federal
Expenditures Are $795~506~ ~hen the Non-
Federal Items Are Factored Out.
24,722 (~30,000!
219 8,695 (100) (794l
N/A -0- 44,450 ! 1,540)
- 219 53,145 ,- (1,640)_ (794)_
~2)
The Accompanying Notes to the Schedule of Federal Financial Assistance Are an Integral Part of this Schedule.
373,730
P,O20
42,9}D
50,930
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO SCHEDgLE OF FEDERAL FINANCIAL ASSISTANCE
JUNE 30, 1986
(1) Scope of Audit
The Town of North Andover, Massachusetts is a governmental agency
established by the laws of the Commonwealth of Massachusetts.
Ail operations related to the Town's federal grant programs (Community
Development Block Grant, Federal Revenue Sharing and Federal Education Grants)
are included in the scope of the OMB Circular A-128 Audit Requirements for
audits of state and local governments (the Single Audit). The Department of
Education has been designated as the Town's cognizant agency for the Single
Audit.
Compliance testing of all general requirements as described in the
Compliance Supplement was performed. Compliance testing of specific
requirements was performed for the following grant programs (Designated as
"Major" Programs). These represent those with an excess of $300,000 of fiscal
1986 expenditures and cover over 51% of total expenditures and major grant
amounts transferred to the general fund.
Grant Description
Fiscal 1986
Expenditures
Federal Revenue Sharing
330,000
Total $ 330,000
(2) Period Audited
Single audit testing procedures were performed for Town's federal grant
transactions during the year ended June 30, 1986.
(3) Summary of Significant Accounting Policies
Accounting policies and financial reporting practices permitted for
municipalities in Massachusetts are prescribed by the Uniform Municipal
Accounting System (UMAS) promulgated by the Commonwealth of Massachusetts
Department of Revenue. The significant accounting policies followed by the
town are as follows:
10
TOWN OF NORTH ANDOVER, F~ASSACHUSETTS
NOTES TO SCHEDULE OF FEDERAL FINANCIAL ASSISTANCE
JUNE 30, 1986
(Continued)
Basis of Presentation
The accompanying schedule of federal financial assistance includes
the federal grant transaction of the Town%
The receipts and proceeds from federal grants are recorded on the
modified accrual basis whereby revenue is recognized when it becomes available
and measurable. Disbursements of federal grant funds are recorded on the
accrual basis.
(4) Findings of Noncomplianc~
The findings of noncompliance identified in connection with the
1986 single audit are disclosed in Schedule I.
11
TOWN OF NORTH ANDOVER, ~SSACHUSETTS
SCHEDULE I
PROGRAM
Federal Revenue
Sharing Grant
No. 21.300
Federal Revenue
Sharing Grant
No. 21.300
Federal Revenue
Sharing Grant
No. 21.300
FINDINGS/NONCOMPLIANCE
1) The Town did not publish the use reports
availability (currently Schedule A) in a newspaper of
general circulation or approved alternative means within
30 days of filing the report. CFR section 51.13 (a)
states that this is a mandatory requirement. The town
did not conform to the provisions, as required by
recipients of Federal Revenue Sharing funds. Failure of
the town to properly monitor its Federal Revenue Sharing
program resulted in a noncompliance situation. Assigning
grant administrative responsibility to a specific town
position would help ensure grant compliance. Therefore,
we recommend that the Town designate a job position which
would be responsible for federal grant compliance.
2) The town did not give proper notice of the
availability of the enacted budget for Federal Revenue
Sharing Funds, and its intended uses within 30 days of
budget enactment. According to P.L. 92-512 Section
51.13(d) proper notice is required. The town did not
conform to the provisions, as required by recipients of
Federal Revenue Sharing funds. Failure of the Town to
properly monitor its Federal Revenue Sharing program
resulted in a noncompliance situation. Assigning grant
administrative responsibility to a specific Town position
would improve grant compliance. Therefore, we recommend
that the town designate a job position which would be
responsible for federal grant compliance.
3) The town did not publish an initial notice of
nondiscrimination. According to P.L. 92-512, Section
55.15(e) publication of this notice is mandatory. The
town did not conform to this provision, as required by
recipients of Federal Revenue Sharing funds. Failure of
the town to properly monitor its Federal Revenue Sharing
program resulted in a noncompliance situation. Assigning
grant administrative responsibility to a specific Town
position would improve grant compliance. Therefore, we
recommend that the Town designate a job position which
would be responsible for federal grant compliance.
12
TOWN OF NORTH ANDOVER, MASSACHUSETTS SCHEDULE I
(Continued)
Federal Revenue
Sharing Grant
No. 21.300
4) The town did not publish a notice stating that the
fiscal 1985 audit was available for public inspection,
in a newspaper of general circul@tion or by approved
alternative means within 30 days of its completion and
receipt by the town. According to P.L. 92-512 Section
51.108(b) this publication is mandatory. The town did
not conform to the provisions, as required by recipients
of Federal Revenue Sharing funds. Failure of the town
to properly monitor its Federal Revenue Sharing program
resulted in a noncompliance situation. Assigning grant
administrative responsibility to a specific Town
position would improve grant compliance. Therefore, we
recommend that the Town designate a job position which
would be responsible for federal grant compliance.
13
TOWN OF NORTH ANDOVER, MASSACHUSETTS
FINANCIAL STATEMENTS AND AUDITOR'S REPORT
JUNE 30, 1986
APR O6 1988
TOWN OF NORTH ANDOVER, MASSACHUSETTS
TABLE OF CONTENTS
JUNE 30, 1986
AUDITOR'S REPORT
FINANCIAL STATEMENTS
Combined Balance Sheet - All Fund Types
And Account Group as of June 30, 1986
Combined Statement of Revenues, Expenditures and Changes
in Fund Balance - All Governmental Fund Types and
Expendable Trust Funds
Statement of Revenues and Expenditures
Budget - (Non GAAP Budgetary Basis) and Actual
Exhibit Pa_~
i 4
2 6
3 8
Statement of Revenues, Expenses
and Changes in Fund Balance - Non-
expendable Trust Funds
4 9
Statement of Changes In Financial
Position -
Non-expendable Trust Funds
5 10
NOTES TO FINANCIAL STATEMENTS
SUPPLEMENTAL INFORMATION
SCHEDULE OF RECONCILIATION OF TREASURER'S CASH
SCHEDULE OF TAXES, LIENS, EXCISES, DEPARTMENTAL ACCOUNTS
RECEIVABLE - ALL FUNDS
STUDY AND EVALUATION OF INTERNAL CONTROL SYSTEM
Schedule
II
11
Page
22
23
STEPHEN W. KIDDER
COMMISSIONER
EDWARD J. COLLINS, JR.
DEI=UTY COMMISSIONER
Board of Selectmen
Town of North Andover
North Andover, Massachusetts
01845
Honorable Selectmen:
We have examined the general purpose financial statements of the various funds
of the Town of North Andover, Massachusetts as of and for the year ended June
30, 1986, as listed in the table of contents. We made o~r exam/nation in
accordance with generally accepted government auditing standards for financial
and compliance audits and included such tests of the accounting records and
such other auditing procedures, including tests of compliance with applicable
laws and regulations, as we considered necessary in the circumstances.
Pension costs are provided on a "pay-as-you-go" basis, as discussed in Note 5
to the accompanying financial statements, instead of an actuarial basis as
required by generally accepted accounting principles. The amount of such
costs under generally accepted accounting principles is not determinable at
this time.
The town has not maintained historical cost records of its property, plant and
equipment. Accordingly, the combined financial statements referred to above
do not include a general fixed asset group which should be presented to
conform with generally accepted accounting principles.
In our opinion, except for the effect of not providing for pension costs on an
actuarial basis, and except that the omission of the financial statements of
the town's general fixed assets results in an incomplete presentation as
explained previously, the general purpose financial statements referred to
above present fairly the financial position of the Town of North Andover,
Massachusetts at June 30, 1986 and the results of its operations and the
changes in financial position of its non-expendable trust funds for the year
then ended in conformity with generally accepted accounting principles applied
on a basis consistent with that of the preceding year; for the reporting
entity as described more fully in note 1 to the general purpose financial
statements.
Our examination was made for the purpose of forming an opinion on the general
purpose financial statements taken as a whole. The accompanying financial
information, listed as a schedule in the table of contents, is presented for
purposes of additional analysis and is not a required part of the general
purpose financial statements of the Town of North Andover, Massachusetts. The
information has been subjected to the auditing procedures applied in the
examination of the general purpose financial statements and, in our opinion,
is stated fairly in all material respects in relation to the general purpose
financial statements taken as a whole.
February 27, 1987
Very Truly Yours,
Acting Director, Bureau of Accounts
Department of Revenue
Assets
Cash and cash equivalents
Beceivables:
Property taxes
E~ises
Water user charges
Sewer user charges
Departmental
Special assessments
Tax liens & foreclosures
Eue from collector
Due frcm other goverrm~nts
Due frem other funds
Amounts to be provided for:
Payment of bonds
Total assets
Liabilities
Warrants payable
Witholdings payable
Due to other f~nds
Other liabilities
Deferred revenues:
Proper ty ta~s
Other receivables
Notes payable
Bc~ds payable
Total liabilities
June 30, 1986
General
Fiduciary
Goverm~ntal Fun~ ~ Fund T~pes
Special Capital Trust &
B{-~ven~ Projects Agency
Account G~oup
Debt
$4,947,108 $424,860 $ $507,621 $
1,414,393
302,626
71,890
141,157
2,677
124,430
58,014
34,654
372,038
69,047
393,318
185,610
79,404
$7,468,987
$887,225
~185,610
$587,025
4,675,000
$4,675,000
542,933
86,352
658,332
773,006
960,487
564,405
147,000
3,732,515
100
100
65,497
65,497
4,675,000
4,675,000
~ogibit 1
Totals
~%m~randum Only)
$5,879,589
1,414,393
302,626
71,890
141,157
2,677
124,430
58,014
34,654
441,085
658,332
4,675,000
f~13,803,847
$ 543,033
86,352
658,332
65,497
773,006
960,487
564,405
147,000
4,675,000
8,473,112
General
f~ohibit 1, {x~ntinued
Special Capital Trust &
~venue Projects Agency
In.g-Term
Totals
04~orandu~ Only)
Reserved for encu~br~
Be. served for extraordinary
or unforseen expenditures
Unreserved fund balance:
Designated
Undesignated
Total fund equity
1,292,787
12,065
1,866,084
565,536
3,736,472
330,000 185,610 (27,402)
557,125 548,930
887,125 185,610 521,528
1,292,787
12,065
2,354,292
1,671,591
5,330,735
Total liabilities and
fund equity
$7,468,987 $887,225 $185,610 $587,025
$4,675,000
$13,803,847
see accc~panying notes to financial statements
5
Emhibit 2
Property taxes
E~ises
~ater charges for services
Sewer charges for services
Other charges for services
Departmental
Intergoverm~tai- £ederai
Intergoverm~ental - state
F/nes and forfeits
Earnings on investments
Total revenues
Fiduciary
Fund Types
$12,845,867
1,276,660
829,475
356,162
657,093
268,779
49,254
3,652,275
16,102
113,815
128,352
Special Capital E~pemfable
la=venue Projects ~usts
$ $ $
30,645
396,788
1,098,920
26,982
20,193,834 1,553,335
17,261
17,261
T~tals
~$~randu~ Only)
$12,845,867
1,276,660
829,475
356,162
657,093
299,424
49,254
396,788
4,751,195
16,102
113,815
172,595
21,764,430
Expenditures:
C~J~r al government
Public safety
Education
Public ~rks
Water and sewer
~ services
Gulture and recreation
Intergoverrm~ntal charges
~q:loyee benefits
Betir~ment oc~tribution
Capital outlay
G~rt ju~mts
Total expenditures
981,272
2,839,658
9,307,981
1,886,596
708,950
556,167
487,163
818,716
511,556
464,000
607,590
324,563
63,487
19,557,699
44,129
342,095
861,091
98,229
1,018
128,780
1,475,342
199,982
72,305
908,472
854,496
2,035,255
1,025,401
3,381,735
10,241,377
1,984,825
1,617,422
300 556,467
488,181
818,716
640,336
464,000
607,590
324,563
854,496
63,487
300 23,068,596
E~ess (deficiency) of revenues
over expenditures
636,135
77,993
6
(2,035,255)
16,961 (1,304,166)
Exhibit 2, continued.
TU~N OF N0~I~ A~IXI~, M~S~&I~3SE~TS
~ ~ C~ ~, EXPI~D~ ~ ~ IN Ft~D ~
ALL ~ ~ T~T~S AND EXP~I~.~. T~3ST Fd~S
For the year ended Jt~e 30, 1986
Other financing sources (uses):
Proceeds of notes
Operating transfers in
Operating transfers out
Total other financing sources
(uses)
Excess (deficiency) of revenues
and other financing sources
~o~er ex~tures and other uses
Ft~d balance July 1, 1985
Fund balance June 30, 1986
Fund TlTes
Fiduciary
Fund ~A~S
Special Capital Ex~ ~ble Totals
General I~venue Projects Trusts ~morandum Only)
1,418,500 1,418,500
10,859 109 200,000 210,968
(200,109) (10,859) ~10,968)
(189,250) (10,750) 1,418,500 200,000 1,418,500
446,885 67,243 (616,755) 216,961 114,334
3,289,587 819,882 802,365 43,472 4,955,306
$3,736,472 $887,]25 $185,610 $260,433 $5,069,640
See acompanying notes to financial statements
7
Exhibit 3
For the year ended June 30, 1986
Bevenues and other sources:
Original Final
Budget Budget Actual
Variance
Favorable
f~fa~rable)
P:oper t¥ taxes
Excises
Water charges for services
Se~r charges for services
Disposal charges for services
Departmental
Intergovernmental- federal
Intergovernmental - state
Fines and forfeits
~rnings on investments
Other available funds
$12,171,187 $12,210,529 $12,204,480 $ (6,049)
889,176 889,176 1,276,660 387,484
802,580 802,580 829,475 26,895
366,738 366,738 356,162 (10,576)
596,424 596,424 657,093 60,669
286,917 286,917 299,424 12,507
50,090 50,090 49,254 (836)
330,000 330,000 396,.788 66,788
3,589,598 3,589,598 4,751,195 1,161,597
21,680 21,680 16,102 (5,578)
87, 4 79 87,4 79 1/3,815 26,336
150,362 150,362 155,334 4,972
372 372 0 (372)
1,016,129 1,193,866 1,193,866 0
Total revenues and other
20,358,732 20,575,811 22,299,648 1,723,837
E~penditures and other uses:
General goverr~ent
Public safety
~ucaticn
Public works
Water and sewer
Baman services
Culture and re(~eation
Debt service
Intergove~tal
fmployee benefits
O~rt j~ts
1,226,039 1,226,039 1,122,429 103,610
3,165,286 3,231,495 3,186,021 45,474
9,563,421 9,713,421 10,567,861 (854,440)
1,541,352 1,541,352 1,634,981 (93,629)
894,514 894,514 847,066 47,448
443,794 444,664 556,167 (11 ] ,503)
491,382 491,382 489,685 1,697
1,017,120 1,017,120 818,716 198,404
523,774 523,774 639,318 (115,544)
464,000 464,000 464,000 0
640,000 640,000 607,590 32,410
324,563 324,563 324,563 0
63,487 63,487 63,487 0
20,358,732 20,575,811 21,321,884
E~cess of revenues and other
sources over ~g3enditures
and other uses
$ 0 $ 0 $977,764
See accompanying notes to financial statements
8
~746,073)
$977,764
Exhibit 4
TOWN OF NORTH ANDOVER, MASSACHUSETTS
STATEMENT OF REVENUES, EXPENSES, AND
CHANGES IN FUND BALANCES
NON-EXPENDABLE TRUST FUNDS
For the year ended June 30, 1986
~du~iar~ Fund Types
Non-expendable
Trust Funds
Revenues:
Earnings on investments
Gifts
Total revenues
28,678
10~000
38,678
Fund Balance July 1, 1985
Fund Balance June 30, 1986
222,417
See accompanying notes to financial statements.
TOWN OF NORTH ANDOVER, MASSACHUSETTS
STATEMENT OF CHANGES IN FINANCIAL POSITION
NON-EXPENDABLE TRUST FUNDS
For the year ended June 30, 1986
Exhibit 5
Sources of Working Capital:
Net income
Net increase in working capital
Elements of net increase in
working capital:
Cash
Net increase in working capital
Fiduciary Fund Types
Non-expendable
Trust Fund
38,678
$ 38~678
See accompanying notes to financial statements.
10
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
1.Summary of Significant Accounting Policies
A. Reporting Entity
The accompanying financial statements present the financial position of
the various funds and account group of the Town of North Andover as of
June 30, 1986. Also included are the funds of the Community and
Economic Development Agency over which the town exercises oversight
responsibility. Criteria used for defining oversight responsibility
and determining whether a component unit is included in the financial
statements are: selection of governing authority, designation of
management, ability to significantly influence operations,
accountability for fiscal matters and scope of public service. The
inclusion of component units in the town's financial statements does
not affect their separate legal standing.
B. Basis of Presentation-Fund Accounting
The accounts of the town are presented on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for in a set of self-balancing
accounts that comprise its assets, liabilities, fund equity, revenues,
expenditures or expenses and other financing sources and uses. The
various funds and account groups are grouped by fund categories and fund
types as follows:
Governmental Funds. Governmental funds are those through which most
governmental functions are typically financed. The acquisition, use, and
balances of the government's expendable financial resources and the
related current liabilities- except activities accounted for in
proprietary funds - are accounted for through governmental funds. The
governmental funds maintained by the town are as follows:
General Fund - is the general operating fund of the town. It is used
to account for all financial resources except those required to be
accounted for in another fund.
Special Revenue Funds - are used to account for the proceeds of
specific revenue sources (other than expendable trusts of major capital
projects) that are legally restricted to expenditure for specified
purposes. General funds of component units are also included with
special revenue funds.
Capital Projects Funds - are used to account for financial resources
to be used for the acquisition or construction of major capital
facilities (other than those financed by special assessment,
proprietary or trust funds.)
11
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESt continued
~iduciar~ Funds. Fiduciary funds are used to account for assets held by
the Town in a trustee capacity or as an agent for individuals, private
organizations, other governmental units, and or other funds. Fiduciary
funds maintained by the Town are as follows:
Expendable Trust Funds - are used to account for trust fund principal
and income that may be expended in accordance with conditions of the
trust. Expendable trust funds are accounted for in'essentially the same
manner as governmental funds.
Nonexpendable Trust Funds - are used to account for trusts where the
principal must remain intact. Generally income earned on
non-expendable trust principal may be expended in accordance with the
conditions of the trust. Non-expendable trust funds are accounted for
in essentially the same manner as proprietary funds.
Account Group. The Account Group is used to establish accounting
control and accountability for the Town's unmatured principal of it's
general long term-debt.
C. Basis of Accountin~
Basis of accounting refers to when revenues, expenditures, expenses,
and transfers are recognized in the accounts and reported in the
financial statement.
The modified accrual basis of accounting is followed in governmental
funds and expendable trust funds. Revenues are recognized in the
accounting period in which they become measurable and available to
finance expenditures of the current period. "Available" is defined as
collectible within the current period or soon enough thereafter to be
used to pay current liabilities. Expenditures are recognized when the
related liability is incurred, except for unmatured interest on general
long term debt which is recognized when due. Liabilities are not
considered current until they are normally expected to be liquidated
with expendable available financial resources. Liabilities incurred in
the current period not expected to be liquidated with expendable
available financial resources are recorded in the General Long-Term
Debt Account Group. The accrual basis of accounting is followed in
non-expendable trust funds. Revenues are recognized when earned and
expenses are recorded when incurred.
12
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
SUMMARY OF SIGNIFICANT ACCOUNTS~ continued
D. Budgetary Data
An annual budget is adopted for the Town's general operations. Although,
legislative approval is required for acceptance of certain grants, capital
project and borrowing authorization, no annual budget .is prepared for any
other fund and therefore, comparison of budget to actual is only presented
for the general operations.
The Town's annual budget is adopted on a statutory basis that differs in
some respects from Generally Accepted Accounting Principles (GAAP). The
major differences are that Real and Personal Property Taxes are recognized
as revenue when levied and that encumbrances are treated as budgetary
expenditures in the year the commitment is made. Also, certain
appropriations, known as special articles, do not lapse and for financial
presentation are treated as budgetary expenditures in the year they are
authorized.
Budgets are prepared by the Board of Selectmen and approved by Town
Meeting. The town must establish its property tax rate each year so that
the property tax rate levy will comply with the limits established by
Proposition 2 1/2, as amended, and also equal the sum of (a) the aggregate
of all annual appropriations for expenditures, plus (b) provision for
prior year deficits, if any, less (c) the aggregate of all non-property
tax revenues estimated to be received, and authorized available funds.
Supplemental appropriations may be made from available funds after the
setting of the tax rate. Appropriations may be transferred between
departments with town meeting approval.
E. Assets~ Liabilities and Fund Equity
Cash and Cash Equivalents. Cash balances are invested to the extent
available and interest income is recognized in the General Fund. Certain
special revenue funds and fiduciary funds cash are segregated and
investment income becomes a part of those funds.
Accounts Receivable. Accounts receivable are recorded when billed.
Abatements and exemptions are estimated based on historical records in the
Assessor's department.
13
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~ continued
Interfund Receivables and Payables. Due from/Due to Other Funds arise
during the course of operations from the pooling of cash and as funds
provide services to each other.
Due From Other Governments. Due from other governments include amounts
due from grantor agencies for specific programs and capital projects.
Intergovernmental receivables are recorded when approved contracts or
agreements are received.
Inventories. Inventories of governmental funds are recorded as
expenditures at time of purchase.
Accrued Sick and Vacation. Employees are granted sick and vacation
leave in varying amounts based on tenure and in accordance with individual
union contracts. Upon termination, retirement or death, certain employees
are compensated for unused vacation and sick leave (subject to certain
limitations) at their current rates of pay. The cost of sick and vacation
pay is recorded when expended and future benefits payable are not
determined.
Deferred Revenue. In Governmental Funds amounts that are not considered
available are deferred until collected. Under the modified accrual basis
of accounting, such amounts are measurable but not available.
Real and Personal Property Taxes. Real and Personal Property Taxes are
based on assessed values as of the previous January 1 and are normally due
on November 1 and May 1. By law, all taxable property must be assessed at
100% of fair cash value. Taxes due and unpaid after the due dates are
subject to interest and penalties. The Town has an ultimate right to
foreclose on property for unpaid taxes. Property taxes are recorded as
revenue in the accounting period that they become measurable and
available. Available for property taxes means expected to be collected
within 60 days after the end of the fiscal year, except under unusual
circumstances.
Total Columns on Combined Statements. Total columns on the combined
statements are captioned "Memorandum Only" to indicate that they are
presented only for informational purposes. Adjustments to eliminate
interfund transactions have not been made and data in these columns do not
present financial position or represent consolidated information.
14
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
June 30, 1986
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~ continued
2. BUDGETARY DATA
Budgetary data is based upon accounting principles that differ from
generally accepted accounting principles. Therefore, in addition to the
GAAP basis financial statements, the results of the general fund is
presented in accordance with budgetary accounting principles to provide a
meaningful comparison with the budget. The following reconciliation
summarizes the differences between GAAP and budgetary basis accounting
principles for the General Fund for the year ended June 30, 1986:
15
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
June 30, 1986
As reported on a
GAAP basis,
(Exhibit 2)
Adjustment of Real
and personal prop-
erty taxes from
a modified
accrual to
an accrual basis
Transfer to
expendable trust
fund
Reclassification of
activities from
special revenue
Reclassification of
other available
funds previously
reflected on a
GAAP basis
Adjustment for
expenditures,
accruals and
encumbrances, net
As reported on a
budgetary basis,
(Exhibit 3)
Revenues
20,193,834
(641,387)
Expenditures
19,557,699
Other
Financing
Sources
(Uses)
(189,250)
200,000
Excess (defici-
ency) of Revenue
and Other Sources
Over Expenditures
and Other Uses
446,885
(641,387)
200,000
1,553,335 1,475,342 (10,750) 67,243
288~843
1,193,866
22,299,648
~ 21,321,884 ~ -0-
1,193,866
,,(~88t843)
16
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
3. TEMPORARY BORROWINGS
Under State law, and with the appropriate local authorization, the Town is
authorized to borrow funds on a temporary basis as follows:
* To fund current operations prior to the collection of revenues, by
issuing revenue anticipation notes (RANS).
* To fund grants prior to reimbursements, by issuing grant
anticipation notes (GANS).
* To fund capital project costs incurred prior to selling permanent
debt by issuing bond anticipation notes (BANS).
Temporary loans are general obligations of the town and maturity dates
are governed by statute. Interest expenditures for temporary
borrowings were %66,938 and are accounted for in the General Fund.
Outstanding July 1,
1985
Issued
Matured
Outstanding June 30,
1986
Interest
Rates RANS BANS GANS
4.24%-5.00% -o- 1,3o3,5oo
4.00%-5.69% 5,000,000 -O-
5~O00yO00 1~303y500
147,000
147,000
17
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
4. LONG TERM DEBT
A summary of the changes in general long-term debt during the year is as
follows:
18
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
Serial Matur-
ities through
Bonds:
General Purpose
Schools
Public Works
1996
1991
1987
Interest Outstandtng
Rates July 1. 1985 Additions
6.2558~ ~ -0- $ 2,575,000
4.50-5.25% 2,365,000 -0-
4.00-9.20~, 365~000 -0-
$ 2_730 000 $ 2.575 000
Outstanding
Reductions June 30~ 1986
-0- $ 2,575,000
445,000 1,920,000
185m000 180sO00
630000 $ 4_675 000
1SA
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30,1986
The annual requirements to amortize all outstanding bonds, including
interest, as of June 30, 1986 are as follows:
Year ended
June 30,
Principal Interest Total
1988 720,000 209,136 929,136
1989 660,000 168,374 828,374
1990 655,000 130,826 785,826
1991 590,000 93,589 683,589
1992-96 11110~000 2~.4~835 1~314e835
4,675,000 i 073_11 .
The town is subject to debt limits by law. Such limits are equal to 5% and
10% of the equalized valuation of taxable property and are known as debt
issued inside and outside the debt limit respectively. Authorizations for
debt outside the debt limit must be approved by the State Emergency Finance
Board.
19
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
4. LONG TERM DEBT~ continued
Az of June 30, 1986 the town may issue $35,082,786 and $70,455,572 in
additional debt inside the debt limit. The town has authorized and unissued
debt of $2,550,000 inside the debt limit and $11,210,000 outside the debt
limit as of June 30, 1986.
The town pays assessments under formulas which include debt service payments
to other governmental agencies providing services to the town, (commonly
referred to as overlapping debt). The following summary sets forth the long
term debt of such governmental agencies and the estimated share being financed
by the town as of June 30, 1986.
Agency
Greater Lawrence
Sanitary District
Essex County
Greater Lawrence
Regional Vocational
Technical High School
District
Total Long- Town's Town's
Term Debt Estimated Indirect
Outstandin~ Share Debt
3,014,925 9.7% $ 292,977
1,868,326 4.3% 80,338
600,000 5.0% 30,000
5. Pension Plan
Substantially all employees of the town, except school teachers and certain
other school department employees are members of the Essex County
Contributory Retirement System. The pension plan provides retirement
benefits for members who have obtained a certain age and for periods of
service. Members contribute certain percentages of their salaries or wages
to the plan. In addition, the Massachusetts Public Employees Retirement
Administration determines an amount, each year, that the town must
contribute to the system in order to meet that year's projected benefit
payments. The town's contribution to the system for the year 1986 amounted
to $607,590.
20
TOWN OF NORTH ANDOVER, MASSACHUSETTS
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1986
5. Pension Plan, continued
This so called "pay-as-you-go" method does not provide for the funding of
any unfunded liabilities that might exist as a result of an actuarial
determination of the fiscal condition of the plan. The amount of the
unfunded liability of the Essex County Contributory Retirement System is
actuarially determined periodically and reported to the County by the
Massachusetts Retirement Law Commission. However, the amount of such
liability directly related to the members from the Town of North Andover
has not heretofore been separately determined and remains unknown.
The school teachers and other non-member school department employees
participate in a plan administered by the Massachusetts Teachers'
Retirement Board. The town does not directly contribute to this plan.
6. ~ontin~ent Liabilities- In the opinion of the Town's administration there
are no contingent liabilities that will result in a material loss to the
town.
21
TOWN OF NORTH ANDOVER, MASSACHUSETTS Schedule I
SCHEDULE OF RECONCILIATION OF TREASURER'S CASH
JUNE 30, 1986
General Fund $
Special Revenue
Trust Funds in
Custody of
Treasurer
Trust Funds in
Custody of Lib-
rary Trustees
Checking Accounts:
Balance
July 1, 1985 %eceipts Disbursements
5,793,825 $ 41,755,063 ~ 42,601,780
297,129 466,158 338,427
Balance
June 30~ 1986
~4,947,108
424,860
82,881 229,863 1,060 311,684
168~ 802 37r 986 10r 851
Balance Classified by Depository:
Arlington Trust Company
Bank of New England
Bay Bank - Merrimack Valley
Century Bank and Trust Company
Essex Bank
Savings Accounts:
Arlington Trust Company
Bank of New England
Bay State Bank
Boston Safe Deposit
Century Bank and Trust
Community Savings Bank
Essex Bank
Massachusetts
Municipal Depository
Trust
Merrimack Valley
Patriot Bank
State Street Bank and Trust
United States Trust
Cash on hand
Trust Funds in custody of
Treasurer -various banks
Trust Funds in custody of Library
Trustees -Merrill Lynch
cash management account
22
Variance
i95~937
1,217,521
323,040
52,418
1
17,915
200,000
233,762
200,000
44,591
132,758
18,170
200,000
1,100,440
378,270
240,816
26,833
948,978
35,508
311,684
195~937
5,878,642
947
Property
Real l~state Taxes:
Levy OE 1986
Levy of 1985
Levy of 1984
Levy of 1983
Levy of 1982
Levy of 1981
Levy of 1980
Levy of 1979
Levy of 1978
Perscnal Property Tax:
Levy of 1986
Umollec~d
July 1, 1985
$
358.155
122,145
38,788
7,270
(1,215)
595
(171)
6
Levy of 1985 1,597
Le~y of 1984 943
Levy of 1983 758
Levy of 1982 431
Levy of 1981 679
Levy of 1980 862
Levy of 1979 1,336
Levy of 1978 1,]/3
Levy of 1977 644
Levy of 1975 33
TUNN OF NO~TH ANDO~ER, M%SSAC~USEITS
~ OF ~(ES, LI]~4S, EXCISES, ~,
~ ~~ ~~S
~r ~e ~r ~ J~e 30, 1986
~sfers ~ ~j~t~
~~ ~j~n~ ~ll~ible
$12,354,704 $
Collect i~s
Net of refunds
210,290
$ ~ $ 12.564.994 $
126,125
11,992
7,735
6,740
361
(827)
(1)
152,]25
23
$ 12,228,579
346,163
114,410
32,048
7,270
(1,215)
595
(171)
6
10,999,333
232,938
67,382
22,983
3,386
Uncollected
June 30, 1986
$ 1,229,246
113,225
47,028
9,065
3,884
(1,215)
595
(171)
6
SC~EU3LE II
~hcollected
per detail
June 30, 1986
$1,234,236
120,260
54,739
24,626
4,754
209,929 205,228 4,701
2,424 995 1,429 1,404
943 943 1,034
758 758 1,120
431 431 504
679 679 678
862 862 897
1,336 200 1,136 1,010
1,113 1,113 1,096
644 644 655
$ 12 946-838 $ 31.532,445
M~tor Vehicle E~cise:
Levy of 1986
Levy of 1985
Levy of 1984
~ of 1983
Levy of 1982
Levy of 1981
Levy of 1980
Levy of 1979
Le~y of 1978
Levy of 1977
Levy of 1976
Levy of 1975
Levy of 1974
fsvy of 1973
Levy of 1972
Farm Animal E~ise:
Levy of 1986
Levy of 1985
Levy of 1984
Levy of 1980
Levy of 1979
~ of 1977
Forest Land:
Levy of 1984
Levy of 1983
Levy of 1982
Levy of 1981
Unaollected
July 1, 1985
$
188,499
31,013
18,351
7,749
3,881
10,702
3,756
6,426
1,975
1,510
80O
597
170
165
(59)
96
69
313
2].3
3
$ 276,528
For the year ended June 30, 1986
$ 934,357
362,065
1,341
i~atements
Transfers and ~djusted
~djus~ments Gollectible
$ (47,223)
31,144
1,023
(59)
219
713
9,990
Gollectio~s
Net of refunds
$ 981,580 $ 800,156
519,420 459,021
31,331 12,202
18,410 918
7,530 313
3,168 439
712 706
3,756 917
6,426 703
1,975 436
1,510 47
8OO
597
170
165
803
8O3
(59)
154
96
69
41
8O3
$ 1~298,566
(4,193)
313
213
3
104
$ 1,579,287.
$ 1,,276,661
SC~EI~3[E II, continued
Unaollected
June 30, 1986
Uncollected
per detail
J~ne 30, 1986
$ 181,424 $ 188,475
60,399 33,494
19,129 11,707
17,492 7,354
7,217 11,224
2,729 5,048
6 3,668
2,839 4,386
5,723 1,979
1,539 1,519
1,463 1,673
800 927
597 622
170 453
165 165
(59)
154
96 96
69 69
41
313
213
3
104
302t626
104
$ 272.963
24
~ CF NORI~ A~I~;ER, M~SSA~ SC~fDULE II, c~ntinued
For the year ended June 30, 1986
Tax Liens
Tax Foreclosures
Water Liens:
Levy of 1986
Levy of 1985
Levy of 1984
Levy of 1983
Levy of 1982
Le~y of 1981
Levy of 1980
Levy of 1979
Sewer Liens:
Levy of 1986
Levy of 1985
Levy of 1984
Levy of 1983
Levy of 1981
Levy of 1980
Levy of 1979
Unool lected
July 1, 1985
ftm~itments
$ 22,406 $ 8,494
22,860
2,8].0
1,346
2,328
35
68
(88)
(~2)
18,560
1,534
754
2,436
(225)
136
$ 41,826 $ 41,420
Abatements
Transfers and ~djusted
Adjustments Gollectible
(29,874) $ 52,280
8,494
201 22,659
47 2,763
1,346
2,328
35
68
(88)
(132)
201 18, 359
47 1,487
754
2,436
(225)
(76)
136
(29,378) $ 112,624
fbllections
Net of refunds
16,270
16,886
1,132
405
1,923
14,573
1,058
344
2,019
54,610
t~collected
June 30, 1986
Um~llected
per detail
June 30, 1986
36,010 $ 36,010
8,494 8,494
5,773 6,181
1,631 1,637
941 597
405 200
35 35
(88)
(132)
3,786 4,093
429 569
410 164
417 127
(225)
(76)
136
58,014 $ 58,107
User (barges.-
Water Pates
Water O~nstructicn
$ 66,242
8O2
$ 67,044
983,493
7,744
991,237
Sewer Oc~structicn $ 3,844 $ 1,885
Sewer Pates 53,707 428,664
$ 1,256 $ 1,048,479
(23,041) 31,587
$ (_21,.785) $ 1,080,066
$ (39) $ 5,768
8,814 473,557
$ 994,246
13,930
$ 1,008,176
$ 4,883
333,285
54,233 $ 56,458
17,657 2,400
71,890 $ 58,858
885 $ 453
140,272 45,953
Departmental:
Veterans Benefits
$
$
57,551
2,677
$ 430_!~m~549
$ 8,775
25
$ 4--79,325
$ 2,677
$ 338,168
$ !41t157
$ 4.6,406
Un~11~
July 1, 1985
TCH~ OF NC~I~ ANEO~E~, MASSA~
SC~EIXJLE OF TAXES, LI~qS, EXCISES, ~T[~,
AND E~P~ ~CEIVABLES
~br the year ended June 30, 1986
Transfers and Adjusted
Ck~mitments Adjustments Cbllectible
Special Assessments:
Sewer Assessment ~ded
to Ta~es:
Levy of 1986
Le~y of 1985 60
Levy of 1983 80
Levy of 1982 54
Paid in Advance (2,455)
Unappor tioned Sewer: 17,539
Water Asses~nt Added
to Taxes:
Levy of 1986
Levy of 1985 423
Levy of 1984 180
Unapporti~ned Water: 39,840
Levy of 1986
Paid in advance (1,539)
Interest:
1986
1985 240
1984 9
1983 473
1982 2
1981 79
Appor ticx~d Sewer
as~t Not Due 54,081
Chapter 380 - Deferred
Sewer Assessments 6,523
Suspended Water Wain
~ts 25,020
Chapter 80 - Deferred Drain
Oollecticns
Net of refunds
$ 8,330 $ $ 8,330 $
60
80
54
2,455
17,539
7,427
9O
SCHI~ULE II, continued
Uncollected
June 30, 1986
thoollected
per detail
J~ 30, 1986
903
60
(10)
54
17,539
1,005
150
17,029
3,181 (105) 3,286 2,825 461 529
(252) 675 600 75
180 180
39,840 1,740 38,100 30,790
68 68
(1,539)
2,557
116
9
2,508
68
3,086 169
18,514
2,183
(1,283)
$ 19,226
26
2,508
2,917
240
9
473
2
79
35,567
4,340
27,528
1,283
8
360
124
473
2
79
35,567
4,340
25,020
1,215
124,430
466
48
19,222
30,805
25,020
1,215
$ 126,279
$ 140,609 $~ $ 142,,550 $ ~8,120