Data Analytics and Resources Bureau Category 1 - Operating Position Data current as of 03/22/2023

Abington Acton Acushnet Adams Agawam Alford Amesbury Amherst Andover Arlington Ashburnham Ashby Ashfield Ashland Athol Attleboro Auburn Avon Ayer Barnstable Barre Becket Bedford Belchertown Bellingham Belmont Berkley Berlin Bernardston Beverly Billerica Blackstone Blandford Bolton Boston Bourne Boxborough Boxford Boylston Braintree Brewster Bridgewater Brimfield Brockton Brookfield Brookline Buckland Burlington Cambridge Canton Carlisle Carver Charlemont Charlton Chatham Chelmsford Chelsea Cheshire Chester Chesterfield Chicopee Chilmark Clarksburg Clinton Cohasset Colrain Concord Conway Cummington Dalton Danvers Dartmouth Dedham Deerfield Dennis Dighton Douglas Dover Dracut Dudley Dunstable Duxbury East Bridgewater East Brookfield East Longmeadow Eastham Easthampton Easton Edgartown Egremont Erving Essex Everett Fairhaven Fall River Falmouth Fitchburg Florida Foxborough Framingham Franklin Freetown Gardner Aquinnah Georgetown Gill Gloucester Goshen Gosnold Grafton Granby Granville Great Barrington Greenfield Groton Groveland Hadley Halifax Hamilton Hampden Hancock Hanover Hanson Hardwick Harvard Harwich Hatfield Haverhill Hawley Heath Hingham Hinsdale Holbrook Holden Holland Holliston Holyoke Hopedale Hopkinton Hubbardston Hudson Hull Huntington Ipswich Kingston Lakeville Lancaster Lanesborough Lawrence Lee Leicester Lenox Leominster Leverett Lexington Leyden Lincoln Littleton Longmeadow Lowell Ludlow Lunenburg Lynn Lynnfield Malden Manchester By The Sea Mansfield Marblehead Marion Marlborough Marshfield Mashpee Mattapoisett Maynard Medfield Medford Medway Melrose Mendon Merrimac Methuen Middleborough Middlefield Middleton Milford Millbury Millis Millville Milton Monroe Monson Montague Monterey Montgomery Mount Washington Nahant Nantucket Natick Needham New Ashford New Bedford New Braintree New Marlborough New Salem Newbury Newburyport Newton Norfolk North Adams North Andover North Attleborough North Brookfield North Reading Northampton Northborough Northbridge Northfield Norton Norwell Norwood Oak Bluffs Oakham Orange Orleans Otis Oxford Palmer Paxton Peabody Pelham Pembroke Pepperell Peru Petersham Phillipston Pittsfield Plainfield Plainville Plymouth Plympton Princeton Provincetown Quincy Randolph Raynham Reading Rehoboth Revere Richmond Rochester Rockland Rockport Rowe Rowley Royalston Russell Rutland Salem Salisbury Sandisfield Sandwich Saugus Savoy Scituate Seekonk Sharon Sheffield Shelburne Sherborn Shirley Shrewsbury Shutesbury Somerset Somerville South Hadley Southampton Southborough Southbridge Southwick Spencer Springfield Sterling Stockbridge Stoneham Stoughton Stow Sturbridge Sudbury Sunderland Sutton Swampscott Swansea Taunton Templeton Tewksbury Tisbury Tolland Topsfield Townsend Truro Tyngsborough Tyringham Upton Uxbridge Wakefield Wales Walpole Waltham Ware Wareham Warren Warwick Washington Watertown Wayland Webster Wellesley Wellfleet Wendell Wenham West Boylston West Bridgewater West Brookfield West Newbury West Springfield West Stockbridge West Tisbury Westborough Westfield Westford Westhampton Westminster Weston Westport Westwood Weymouth Whately Whitman Wilbraham Williamsburg Williamstown Wilmington Winchendon Winchester Windsor Winthrop Woburn Worcester Worthington Wrentham Yarmouth                                                    

Town of Abington

False Add Panels Tab Layout X Done Certified Free Cash Panel Parameters x Done Certified Free Cash Remaining, unrestricted funds from operations of the previous fiscal year, including unexpended free cash from the previous year, actua l receipts in excess of revenue estimated on the tax recapitulation sheet, and unspent amounts in budget line items. Unpaid property taxes and certain deficits reduce the amount that can be certified as free cash. An Increasing free cash trend is generally favorable because it provides greater financial flexibility for the community. Data Source: The calculation of free cash is based on the June 30th balance sheet, submitted by the local auditor, accountant or comptroller to the Director of Accounts for certification.                                                                                                                                    Click here for 351 report Enterprise Fund Retained Earnings as % of Total Enterprise Fund Panel Parameters x Done Enterprise Fund Retained Earnings A community can establish an enterprise fund to account for a fee-for-service business-type operation (e.g., water, sewer, ambulance, etc.) separately from the general fund. Capital needs should be considered when setting the service fee rates, and the fund's year-end operating surplus certified by DLS is known as retained earnings. Similair to free cash, properly managed retained ea ming& provide rate stabilization and a reserve for large expenditures necessary in the future. Data Source: The calculation of enterprise fund retained earnings is based on the June 30th balance sheet, submitted by the local auditor, accountant or comptroller to the Director of Accounts for certification.                                                                                                                                    Click here for 351 report Special Purpose Stabilization Fund Balance Panel Parameters x Done Stabilization Fund Balance A fund designed to accumulate amounts for capital and other future spending purposes, although it may be appropriated for any lawful purpose. Communities may establish one or more stabilization funds for different purposes and may appropriate any amounts into them. A two-thirds vote of town meeting or city council is required to establish, amend the purpose of, or appropriate money from a stabilization fund. A majority vote of town meeting or city council is required to appropriate money into a stabilization fund. An Increasing stabilization fund trend is generally favorable because it provides greater financial flexibility for the community. Data Source: Annual Financial Report - Schedule A Part 6 Trust Fund                                                                                                                                    Click here for 351 report Overlay as a % of Tax Levy Panel Parameters x Done Overlay as a percent of Tax levy Growth in overlay reserves, may indicate an increase in abatement requests andl a potential problem with the community's assessment valuations. It is recommended that communities raise between 1-2 % of the total tax levy, Data Source: Tax Rate Recapitulation Sheet, Pg 2, I Id Tax Rate Recapitulation Sheet, Pg 1 le Tax Levy                                                                                                                                    Click here for 351 report Unreserved Undesignated Fund Balance (UUFB) Panel Parameters x Done Unassigned Fund Balance The size of the community's fund balance can affect its ability to withstand financial emergencies. It can also affect its ability to accumulate funds for capital purposes without having to borrow. Data Source: Annual Audit                                                                                                                                    Click here for 351 report Self-Insured Health Insurance Trust Fund Balance Panel Parameters x Done Self-insured Trust Fund Balance as of 6/30 Data Source: Annual Financial Report – Schedule A Part 6 Trust Fund                                                                                                                                    Click here for 351 report Free Cash as % of Budget Panel Parameters x Done Free Cash as a Percent of Budget Declining reserves as a percentage of operating revenue may be a warning indicator. The Government Finance Officers Association recommends maintaining an overall reserve balance between 5-15% of the community's general fund budget. Data Source: An amount certified by the Division of Local Services based on the balance sheet as of June 30th submitted by the community. Budget is the amount to be raised as reported by the communit y on the tax rate recapitulation sheet (excluding any amounts reported on recap page 2, lllb lines 3 and 4 for enterprise and community preserva tion funds).                                                                                                                                    Click here for 351 report Stabilization Fund Balance Panel Parameters x Done Stabilization Fund Balance A fund designed to accumulate amounts for capital and other future spending purposes, although it may be appropriated for any lawful purpose. Communities may establish one or more stabilization funds for different purposes and may appropriate any amounts into them. A two-thirds vote of town meeting or city council is required to establish, amend the purpose of, or appropriate money from a stabilization fund. A majority vote of town meeting or city council is required to appropriate money into a stabilization fund. An Increasing stabilization fund trend is generally favorable because it provides greater financial flexibility for the community. Data Source: Annual Financial Report - Schedule A Part 6 Trust Fund                                                                                                                                    Click here for 351 report Special Purpose Stabilization Fund as % of Budget Panel Parameters x Done Stabilization Fund Balance, as percent of Budget Declining reserves as a percentage of operating revenue may be considered a warning indicator. The Government Finance Officers Association {MGFOA) recommends that commurnity maintain an overall reserve balance of between 5-15%. Data Source: Annual Financial Report - Schedule A Part 6 Trust Fund. Total Budget is the amount to be raised on the tax rate recapitulation sheet less amounts reported on page 2, lllb lines 3 and 4 for enterprise and community preservation funds.                                                                                                                                    Click here for 351 report Uncollected Property Taxes Panel Parameters x Done Uncollected Real Estate Taxes If uncollected taxes remain between 5%-8% of a community's net tax levy (tax levy less overlay), or the trend shows uncollected taxes increasing, the town is in a weak financial position in terms of tax collection. This may be a consequence of weakness in the local economy, or a result of inadequate tax collection procedures and inattentive financial management. An increasing percent of uncollected taxes would lead to long-term cashflow problems for the community. If left unchecked, inadequate cashflow would impact a community's ability to pay its obligations (debt or otherwise) on time, or force it to defer necessary purchases. Data Source: Annual Outstanding Receivables Report filed by the municipality's Treasurer/Collector and Accounting Officer.                                                                                                                                    Click here for 351 report Unreserved Undesignated Fund Balance (UUFB) as % of Budget Panel Parameters x Done Unassigned Fund Balance percent of total budget The size of the community's fund bala nee can affect its ability to withstand financial emergencies. It can also affect its ability to accumulate funds for capital purposes without having to borrow. Data Source: Annual Audit and Tax Rate Recapitulation Sheet. Total Budget is the amount to be raised on the tax rate recapitulation sheet less amounts reported on page 2, lllb lines 3 and 4 for enterprise and community preservation funds.                                                                                                                                    Click here for 351 report Enterprise Fund Retained Earnings Panel Parameters x Done Enterprise Fund Retained Earnings A community can establish an enterprise fund to account for a fee-for-service business-type operation (e.g., water, sewer, ambulance, etc.) separately from the general fund. Capital needs should be considered when setting the service fee rates, and the fund's year-end operating surplus certified by DLS is known as retained earnings. Similair to free cash, properly managed retained ea ming& provide rate stabilization and a reserve for large expenditures necessary in the future. Data Source: The calculation of enterprise fund retained earnings is based on the June 30th balance sheet, submitted by the local auditor, accountant or comptroller to the Director of Accounts for certification.                                                                                                                                    Click here for 351 report Stabilization Fund as % of Budget Panel Parameters x Done Stabilization Fund Balance, as percent of Budget Declining reserves as a percentage of operating revenue may be considered a warning indicator. The Government Finance Officers Association {MGFOA) recommends that commurnity maintain an overall reserve balance of between 5-15%. Data Source: Annual Financial Report - Schedule A Part 6 Trust Fund. Total Budget is the amount to be raised on the tax rate recapitulation sheet less amounts reported on page 2, lllb lines 3 and 4 for enterprise and community preservation funds.                                                                                                                                    Click here for 351 report Annual Overlay Panel Parameters x Done Overlay Reserves An amount raised annually and held in reserve to cover property tax abatement and exemptions granted. Overlay reserves should be sufficient to cover current year's estimated needs and all prior year requests under dispute. Declining overlay reserves may indicate reduced demand for abatements and exemptiorns. Data Source: Tax rate recapitulation reported on page 2, lid.                                                                                                                                    Click here for 351 report Uncollected Property Taxes as % of Total Tax Levy Panel Parameters x Done Uncollected Real Estate Taxes as Percent of Total Tax levy If uncollected taxes remain between 5%-8% of a community's net tax levy (tax levy less overlay), or the trend shows uncollected taxes increasing, the town is in a weak financial position in terms of tax collection. This may be a consequence of weakness in the local economy, or a result of inadequate tax collection procedures and inattentive financial management. An increasing percent of uncollected taxes would lead to long-term cashflow problems for the community. If left unchecked, inadequate cashflow would impact a c,ommunity's ability to pay its obligations (debt or otherwise) on time, or force it to defer necessary purchas,es. Data Source: Annual Outstanding Receivables Report filed by the municipality's Treasurer/Collector and Accounting Officer. Total tax levy as reported on page one of the annual tax rate recapitulation sheet.                                                                                                                                    Click here for 351 report Self-Insured Hlth Insurance Trust Revenues & Expenditures Panel Parameters x Done Total Self-insured Trust Fund Revenues and Expenditures as of 6/30 Data Source: Annual Financial Report - Schedule A Part 6 Trust Fund                                                                                                                                    Click here for 351 report Add Panels X Annual Overlay Add Now  1 Added     Delete this Panel Certified Free Cash Add Now  1 Added     Delete this Panel Enterprise Fund Retained Earnings Add Now  1 Added     Delete this Panel Enterprise Fund Retained Earnings as % of Total Enterprise Fund Add Now  1 Added     Delete this Panel Free Cash as % of Budget Add Now  1 Added     Delete this Panel Overlay as a % of Tax Levy Add Now  1 Added     Delete this Panel Self-Insured Health Insurance Trust Fund Balance Add Now  1 Added     Delete this Panel Self-Insured Hlth Insurance Trust Revenues & Expenditures Add Now  1 Added     Delete this Panel Special Purpose Stabilization Fund as % of Budget Add Now  1 Added     Delete this Panel Special Purpose Stabilization Fund Balance Add Now  1 Added     Delete this Panel Stabilization Fund as % of Budget Add Now  1 Added     Delete this Panel Stabilization Fund Balance Add Now  1 Added     Delete this Panel Uncollected Property Taxes Add Now  1 Added     Delete this Panel Uncollected Property Taxes as % of Total Tax Levy Add Now  1 Added     Delete this Panel Unreserved Undesignated Fund Balance (UUFB) Add Now  1 Added     Delete this Panel Unreserved Undesignated Fund Balance (UUFB) as % of Budget Add Now  1 Added     Delete this Panel Done Add Label X Font Size Text Normal Text Large Text Larger Text Largest Header Header Large Header Larger Header Largest Done Add Image X Upload Image Done Download as PDF