COMBINED BALANCE SHEET
CITY
OF REVERE, MASSACHUSETTS |
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Governmental Fund Types |
Fiduciary Fund Types |
Account Group |
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Assets |
General | Special Revenue | Capital Projects | Trust and Agency |
Pension |
General Long Term-Obligations |
Total (Memorandum Only) |
| Cash and investments (notes 5 and 9) | $3,127,685 | 1,320,498 | 10,037,907 | 3,433,032 | 43,359,670 | - |
61,278,792 |
| Receivables: | - |
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| Property taxes | 378,228 | - | - | - | - | - |
378,228 |
| Tax title and possessions | 3,995,861 | - | - | - | - | - |
3,995,861 |
| Motor vehicle excise | 1,258,775 | - | - | - | - | - |
1,258,775 |
| Intergovernmental | - | 1,024,864 | - | - | 208,428 | - |
1,233,292 |
| Water and sewer | 1,764,712 | - | - | - | - | - |
1,764,712 |
| Departmental and other | 79,440 | 8,788 | - | - | 25,748 | 113,976 | |
Total receivables |
7,477,016 | 1,033,652 | - | - | 234,176 | - |
8,744,844 |
| Other assets | - | 457,926 | - | - | - | - |
457,926 |
| Amounts to be provided for the retirement of general long-term obligations | - | - | - | - | - | 20,924,913 |
20,924,913 |
Total assets |
$10,604,701 | 2,812,076 | 10,037,907 | 3,433,032 | 43,593,846 | 20,924,913 | 91,406,475 |
Liabilities
and Fund |
General | Special Revenue | Capital Projects | Trust and Agency |
Pension |
General Long-term Obligations |
Total (Memorandum Only) |
| Warrants and accounts payable | 575,524 | 502,326 | 567,247 | - | 142 | - |
1,645,239 |
| Payroll payable | 427,976 | - | - | - | - | - |
427,976 |
| Accrued liabilities: | - |
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| Tax abatements | 1,576,276 | - | - | - | - | - |
1,576,276 |
| Judgments and claims (notes 7 and 10) | - | - | - | - | - | 2,563,000 |
2,563,000 |
| Compensated absences (note 7) | - | - | - | - | - | 2,916,548 |
2,916,548 |
| Guarantee deposits | 25,084 | - | - | 134,072 | - | - |
159,156 |
| Bonds and notes payable (note 7) | - | 103,207 | 2,772,000 | - | - | 15,445,365 |
18,320,572 |
| Deferred compensation (note 9) | - | - | - | 3,234,590 | - | - |
3,234,590 |
| Deferred revenue | 7,467,075 | 157,000 | - | - | - | - |
7,624,075 |
Total liabilities |
10,071,935 | 762,533 | 3,339,247 | 3,368,662 | 142 | 20,924,913 |
38,467,432 |
| Fund equity (deficit): | |||||||
| Reserved for: | |||||||
| Encumbrances and continuing appropriations | 1,492,406 | 974,197 | 6,698,660 | 64,370 | - | - |
9,229,633 |
| Employees' retirement benefits | - | - | - | - | 43,593,704 | - |
43,593,704 |
| Unreserved: | - |
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| Undesignated | (959,640) | 1,075,346 | - | - | - | - | 115,706 |
Total fund equity |
532,766 | 2,049,543 | 6,698,660 | 64,370 | 43,593,704 | - |
52,939,043 |
| Contingencies (note 10) | |||||||
| Total liabilities and fund equity | $10,604,701 | 2,812,076 | 10,037,907 | 3,433,032 | 43,593,846 | 20,924,913 | 91,406,475 |
| See accompanying notes to general purpose financial statements | |||||||