A-1
BOROUGH OF SOMERVILLE
CURRENT FUND
STATEMENTS OF OPERATIONS AND CHANGES IN FUND BALANCE
REGULATORY BASIS
YEARS ENDED DECEMBER 31, 2022 AND 2021
On narrow screens, the table uses compact columns to keep both year values visible.
| REF. | YEAR 2022 | YEAR 2021 | |
|---|---|---|---|
| REVENUE AND OTHER INCOME REALIZED | |||
| Fund Balance Utilized | A-2 | $3,950,000.00 |
$2,700,000.00 |
| Miscellaneous Revenue Anticipated | A-2 | 18,132,310.54 | 6,090,630.29 |
| Receipts From Delinquent Taxes | A-2 | 541,820.28 | 653,391.65 |
| Receipts From Current Taxes | A-2 | 43,962,506.62 | 43,688,613.80 |
| Non-Budget Revenue | A-2 | 1,259,448.44 | 441,522.72 |
| Other Credits to Income: | |||
| Due from Animal Control - Statutory Excess | 144.80 | ||
| Unexpended Balance of Appropriation Reserves | A-14 | 1,993,113.89 | 2,022,774.06 |
| Total Revenues | 69,839,199.77 | 55,597,077.32 | |
| EXPENDITURES AND OTHER CHARGES | |||
| Budget Appropriations: | |||
| Operations Within CAPS: | |||
| Operating | A-3 | 14,255,400.00 | 15,025,950.00 |
| Def. Charges and Statutory Expend. | A-3 | 1,838,039.00 | 1,735,964.00 |
| Operations Excluded from CAPS: | |||
| Operating | A-3 | 11,857,720.76 | 932,810.83 |
| Capital Improvement Fund | A-3 | 500,000.00 | 425,000.00 |
| Municipal Debt Service | A-3 | 2,400,549.86 | 2,546,435.72 |
| Deferred Charges and Statutory Expenditures | A-3 | 1,494,922.28 | 280,000.00 |
| Local District School Tax | A-12 | 25,329,760.00 | 25,134,682.00 |
| County Taxes | A-12 | 5,381,850.80 | 5,523,410.23 |
| County Added Tax | A-12 | 7,997.95 | 4,495.13 |
| Downtown Somerville Alliance Tax | A-12 | 771,309.36 | 619,780.24 |
| Refund of Sewer Revenue | A-4 | 14,150.56 | |
| Tax Overpayment Refunds | A-15 | 37,752.05 | |
| Total Expenditures | 63,889,452.62 | 52,228,528.15 | |
| Excess in Revenue | 5,949,747.15 | 3,368,549.17 | |
| Adjustments to Income Before Fund Balance: | |||
| Expenditures Included Above Which are by Statute | |||
| Deferred Charges to Budget of Succeeding Year | 1,350,000.00 | ||
| Statutory Excess to Fund Balance | 5,949,747.15 | 4,718,549.17 | |
| Fund Balance, January 1 | A | 11,445,711.14 | 9,427,161.97 |
| 17,395,458.29 | 14,145,711.14 | ||
| Decreased by: | |||
| Utilized as Anticipated Revenue | A-2 | 3,950,000.00 | 2,700,000.00 |
| Fund Balance, December 31 | A | $13,445,458.29 |
$11,445,711.14 |