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BOROUGH OF SOMERVILLE
CURRENT FUND
STATEMENT OF REVENUES
REGULATORY BASIS
YEAR ENDED DECEMBER 31, 2021
| ANALYSIS OF REALIZED REVENUES | REF. | ||
|---|---|---|---|
| Allocation of Current Tax Collections: | |||
| 2021 Collections | A-7 |
$
43,231,769.98
|
|
| Prepaid Taxes Applied | A-7 |
417,093.82
|
|
| State Share of Sr. Citizen's and | |||
| Veteran's Deductions Allowed | A-7 |
39,750.00
|
|
| A-1 |
$
43,688,613.80
|
||
| Allocated to: | |||
| Local School Tax | A-12 |
25,134,682.00
|
|
| County Taxes | A-12 |
5,523,410.23
|
|
| Added County Taxes | A-12 |
4,495.13
|
|
| Special District Tax | A-12 |
619,780.24
|
|
|
31,282,367.60
|
|||
|
12,406,246.20
|
|||
| Add: Reserve for Uncollected Taxes | A-3 |
2,150,000.00
|
|
| Amount for Support of Municipal Budget | A-2 |
$
14,556,246.20
|
|
| Allocation of Delinquent Tax Collections: | |||
| Collections | A-7 |
$
653,391.65
|
|
| A-2 |
$
653,391.65
|
||