A-2
Page 2 of 2
BOROUGH OF SOMERVILLE
CURRENT FUND
STATEMENT OF REVENUES
REGULATORY BASIS
YEAR ENDED DECEMBER 31, 2022
| REF. | |||
|---|---|---|---|
| ANALYSIS OF REALIZED REVENUES | |||
| Allocation of Current Tax Collections: | |||
| 2022 Collections | A-7 | $43,495,530.50 |
|
| Prepaid Taxes Applied | A-7 | 429,726.12 |
|
| State Share of Sr. Citizen's and Veteran's | |||
| Deductions Allowed | A-7 | 37,250.00 |
|
| A-1 | $43,962,506.62 |
||
| Allocated to: | |||
| Local District School Taxes | A-12 | 25,329,760.00 |
|
| County Taxes | A-12 | 5,381,850.80 |
|
| Added County Taxes | A-12 | 7,997.95 |
|
| Special District Taxes | A-12 | 771,309.36 |
|
31,490,918.11 |
|||
| Balance for Support of Municipal Budget | |||
| Appropriations | 12,471,588.51 |
||
| Add: Appropriation "Reserve for Uncollected Taxes" | A-3 | 2,150,000.00 |
|
| Amount for Support of Municipal Budget Appropriations | $14,621,588.51 |
||
| Allocation of Delinquent Tax Collections: | |||
| Collections | A-7 | $541,820.28 |
|
8