2011 Annual Report - Town of Northborough

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Finance Department Budget in Brief Similar to prior budgets, the FY2012 Proposed Budget relies on projections regarding available revenue, thereby accepting the limits of the Town’s financial resources. The budget is based upon an established ceiling of revenue derived from local property taxes in accordance with Proposition 2 ½. Added to these revenues are State Aid, Departmental Receipts such as fees, permits, interest earned and Available Funds such as Free Cash and Special Revenues. FY2012 Proposed Budget Fiscal Year 2012 Expenditures * Town Expenditures include Reserves for Abatements, Warrant Articles and Offsets ** School Expenditures include Northboro K-8 schools operations, Algonquin Regional High School Assessment, Algonquin Regional High School Debt Service & Assabet Valley Assessment 16
Accounting Division TOWN OF NORTHBOROUGH, MASSACHUSETTS Statement of Net Assets – Ended June 30, 2011 In accordance with the requirements of Mass General Law, the Annual Financial Reports for the Town of Northborough, for the Fiscal Year ending June 30, 2011 have been submitted. The audited financial statements reflect a fair and accurate presentation of all material aspects of the Town’s financial position and results from its operation. The Town’s general ledger is maintained following the Uniform Municipal Account System (UMAS) prescribed by the Massachusetts Department of Revenue. The Town’s financial statements are prepared in accordance with standards developed by the Governmental Accounting Standards Board (GASB). The 2011 statements reflect changes following GASB Statement #54 being implemented, which changes the titles and definitions for certain components of the statements. The third year of GASB Statement #45 is also reflected. This statement requires an actuarial study be conducted and updated in order to determine the Town’s long term Other Post Employment Benefit (OPEB) obligations, and the liability is then shown on the financial statements. Bill Fraher, CPA, has completed the audit of the Town’s financial records. A copy of the audit report is available in the office of the Town Clerk and on the Town Accountant’s webpage. 17
Page 1 and 2: town of NorthBOROUGH massachusetts
Page 3 and 4: Table of Contents Town Organization
Page 5 and 6: Town Organization VOTERS OF NORTHBO
Page 7 and 8: 5 Officers of the United States of
Page 9 and 10: Boards, Committees, Commissions Tra
Page 11 and 12: Public Safety Public Service Health
Page 13 and 14: July 2012 11 Please see Town Boards
Page 15 and 16: AUGUST 2012 13 Please see Town Boar
Page 17: SEPTEMBER 2012 Applefest Weekend Ap
Page 21 and 22: OCTOBER 2012 19 Please see Town Boa
Page 23 and 24: Town Clerk’s Office Andrew T. Dow
Page 25 and 26: NOVEMBER 2012 23 Please see Town Bo
Page 27 and 28: DECEMBER 2012 School Vacation Week
Page 29 and 30: JANUARY 2013 27 Please see Town Boa
Page 31 and 32: FEBRUARY 2013 School Vacation Week
Page 33 and 34: Health Department Jamie Terry, Heal
Page 35 and 36: MARCH 2013 33 Please see Town Board
Page 37 and 38: APRIL 2013 School Vacation Week Ann
Page 39 and 40: Jean Langley, Library Director Libr
Page 41 and 42: MAY 2013 39 Please see Town Boards,
Page 43 and 44: 41 Cable Access/ Cable Television K
Page 45 and 46: Community Affairs Cultural Council
Page 47 and 48: JUNE 2013 45 Please see Town Boards
Page 49 and 50: Northborough School District Grants
Page 51 and 52: Special Needs Resource Teachers Ali
Page 53 and 54: 51 2011 Annual Town Meeting Warrant
Page 55 and 56: 53 2011 Annual Town Meeting Warrant
Page 57 and 58: 4, 2011. The exact boundaries of th
Page 59 and 60: may be revoked for cause shown, aft
Page 61 and 62: Meeting Nights COMMITTEE MEETING NI
Page 63 and 64: Telephone Numbers SERVICE - IF YOU

2011 Annual Report - Town of Northborough

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