Massachusetts Department of Revenue - DOC by 6s2765x

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Spencer

                                          Socioeconomic

    County                                                Worcester
    School Structure
    Form of Government                                    Town Administrator
                                                          Selectmen
                                                          Open Town Meeting
    2010 Population                                                                      11,688
    2011 Labor Force                                                                      6,634
    2011 Unemployment Rate                                                                  8.0
    1999 Per Capita Income                                                               21,017
    2009 Population Per Square Mile                                                      365.81
    2009 Housing Units Per Square Mile                                                   150.32
    2009 Road Miles                                                                      111.48
    EQV Per Capita (2010 EQV/2009 Population)                                            94,301
    Number of Registered Vehicles (January 2010)                                         13,046
    Average Age of Vehicles (January 2010)                                                10.68
    2010 Number of Registered Voters                                                      7,783


                                            Certification

                         Most Recent                              2010
                         Next Scheduled                           2014


                                           Bond Ratings

         Moody’s Bond Rating as of December 2010*                          Aa3
         S & P Bond Rating as of December 2010*


               *Blank indicates the community has not been rated by the bond agency.


                       Fiscal Year 2011 Estimated Cherry Sheet Aid

                         Education Aid                                   8,095
                         General Government                          2,128,960
                         Total Receipts                              2,137,055
                         Total Assessments                             111,995
                         Net State Aid                               2,025,060



Last Page Update 09/23/2011
Massachusetts Department of Revenue, Division of Local Services                          Page 2

                              At A Glance Report for Spencer

                              Fiscal Year 2011 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                  861,060,181           9,531,936                11.07
          Open Space                             0                   0                  0.00
          Commercial                    65,126,719             720,953                11.07
          Industrial                    32,664,723             361,598                11.07
          Personal Property             22,942,034             253,968                11.07
          Total                        981,793,657          10,868,455


                           Fiscal Year 2011 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     10,868,456      57.56
                          State Aid                     2,137,055      11.32
                          Local Receipts                4,690,466      24.84
                          Other Available               1,186,457       6.28
                          Total                        18,882,434


                     Fiscal Year 2011 Proposition 2½ Levy Capacity

                     New Growth                                92,033
                     Override                                       0
                     Debt Exclusion                           680,774
                     Levy Limit                            10,888,072
                     Excess Capacity                           19,617
                     Ceiling                               24,544,841
                     Override Capacity                     14,337,543


                                     Other Available Funds

                   7/1/2010             FY2010                  FY2011
                  Free Cash        Stabilization Fund       Overlay Reserve
                        847,836              1,633,285                111,776




Last Page Update 09/23/2011
Massachusetts Department of Revenue, Division of Local Services                                          Page 3

                                 At A Glance Report for Spencer

                        Fiscal Year 2011 Average Single Family Tax Bill**

                         Number of Single Family Parcels                                   3,028
                         Assessed Value of Single Family                                 217,694
                         Average Single Family Tax Bill                                    2,410

                                 State Average Single Family Tax Bill

                               Fiscal Year 2009                                    4,250
                               Fiscal Year 2010                                    4,390
                               Fiscal Year 2011                                    4,537

                                 Spencer issues property tax bills Quarterly.
**For the communities granting residential exemptions, DLS does not collect enough information to calculate an average
single-family tax bill. In FY11 those communities are Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett,
Malden, Nantucket, Somerville, Somerset, Tisbury, Waltham and Watertown. Therefore, the average single-family tax bill
information in this report will be blank.

           Fiscal Year 2010 Schedule A – Actual Revenues and Expenditures

                        General Fund       Special         Capital        Enterprise        Trust          Total All
                                           Revenue         Projects        Funds           Revenue          Funds
  Revenues                  14,458,477       358,184        1,120,026      3,803,248          21,746        19,761,681
  Expenditures              14,262,383       254,065        2,639,277      4,837,189          18,877        22,011,791
   Police                    1,678,267             0                0               0              0         1,678,267
   Fire                        308,507             0                0               0              0           308,507
   Education                 7,495,082             0                0               0              0         7,495,082
   Public Works              1,470,802             0          980,253      4,837,189               0         7,288,244
   General Fund                                                                                                 86,053
   Debt Service                 86,053
   Health Ins                  860,033                                                                         860,033
   Pension                     367,068                                                                         367,068
   All Other                 1,996,571        254,065        1,659,024               0        18,877         3,928,537

This data only represents the revenues and expenditures occurring in these funds and does not reflect any transfers to or
from other funds. Therefore, this data should not be used to calculate an ending fund balance.

                           Total Revenues and Expenditures Per Capita

                        General Fund        Special          Capital        Enterprise       Trust         Total All
                                           Revenue           Projects         Funds         Revenue         Funds
    Revenues                    1,237.0           30.6               95.8          325.4            1.9         1,690.8
    Expenditures                1,220.3           21.7             225.8           413.9            1.6         1,883.3
If you have questions regarding the data contained in this report, please contact the Municipal Databank/Local Aid Section
at (617) 626-2384 or databank@dor.state.ma.us.

Click here to see if the Division of Local Services’ Technical Assistance Section has conducted a financial management
review or other analysis in Spencer.

Last Page Update 09/23/2011

								
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