Beverly by cli12236

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									Massachusetts Department of Revenue, Division of Local Services                        Page 1

                              At A Glance Report for Beverly

                                          Socioeconomic

    County                                                Essex
    School Structure                                      K-12
    Form of Government                                    Mayor
                                                          Council
    2008 Population                                                                      39,343
    2010 Labor Force                                                                     21,518
    2010 Unemployment Rate                                                                  8.3
    1999 Per Capita Income                                                               28,626
    2008 Population Per Square Mile                                                    2,370.06
    2007 Housing Units Per Square Mile                                                   980.42
    2009 Road Miles                                                                      150.00
    EQV Per Capita (2008 EQV/2008 Population)                                          162,060
    Number of Registered Vehicles (January 2008)                                         37,684
    Average Age of Vehicles (January 2008)                                                 9.83
    2008 Number of Registered Voters                                                     25,615


                                            Certification

                         Most Recent                              2008
                         Next Scheduled                           2011


                                           Bond Ratings

         Moody’s Bond Rating as of December 2009*                          A1
         S & P Bond Rating as of December 2009*                            AA-


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


                       Fiscal Year 2010 Estimated Cherry Sheet Aid

                         Education Aid                               7,583,743
                         General Government                          5,523,142
                         Total Receipts                             13,106,885
                         Total Assessments                           1,922,523
                         Net State Aid                              11,184,362



Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services                         Page 2

                              At A Glance Report for Beverly

                              Fiscal Year 2010 Tax Classification

          Tax Classification      Assessed Values          Tax Levy            Tax Rate
          Residential                4,820,965,219          56,067,825                11.63
          Open Space                       712,875               8,291                11.63
          Commercial                   529,349,630          10,894,015                20.58
          Industrial                   160,128,580           3,295,446                20.58
          Personal Property            138,945,390           2,859,496                20.58
          Total                      5,650,101,694          73,125,073


                           Fiscal Year 2010 Revenues by Source

                                                                    Percent
                          Revenue Source                            of Total
                          Tax Levy                     73,125,074      62.55
                          State Aid                    15,627,697      13.37
                          Local Receipts               26,537,262      22.70
                          Other Available               1,610,507       1.38
                          Total                       116,900,540


                     Fiscal Year 2010 Proposition 2½ Levy Capacity

                     New Growth                               964,222
                     Override                                       0
                     Debt Exclusion                                 0
                     Levy Limit                            73,181,508
                     Excess Capacity                           56,435
                     Ceiling                              141,252,542
                     Override Capacity                     68,071,034


                                     Other Available Funds

                   7/1/2009             FY2009                  FY2010
                  Free Cash        Stabilization Fund       Overlay Reserve
                      1,024,657                     0                 373,167




Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services                                          Page 3

                                  At A Glance Report for Beverly

                       Fiscal Year 2010 Average Single Family Tax Bill**

                        Number of Single Family Parcels                                   8,366
                        Assessed Value of Single Family                                 430,457
                        Average Single Family Tax Bill                                    5,006

                                 State Average Single Family Tax Bill

                               Fiscal Year 2007                                    3,962
                               Fiscal Year 2008                                    4,110
                               Fiscal Year 2009                                    4,250

                                 Beverly 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 FY09 those communities are Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett,
Malden, Marlborough, Nantucket, Somerville, Somerset, Tisbury, Waltham and Watertown. Therefore, the average
single-family tax bill information in this report will be blank.


           Fiscal Year 2009 Schedule A – Actual Revenues and Expenditures

                        General Fund        Special        Capital        Enterprise        Trust         Total All
                                           Revenue         Projects        Funds          Revenue          Funds
  Revenues                  94,424,559     11,815,574       1,468,971     14,536,841       3,778,984      126,024,929
  Expenditures              82,773,898     10,966,416      11,463,589     14,211,602      18,232,915      137,648,420
   Police                    6,334,844              0               0               0              0        6,334,844
   Fire                      5,315,016              0               0               0              0        5,315,016
   Education                40,179,295      6,213,956       8,779,754               0              0       55,173,005
   Public Works              4,482,666              0       2,268,743     10,515,788               0       17,267,197
   General Fund                                                                                             7,112,599
   Debt Service              7,112,599
   Health Ins                        0                                                                              0
   Pension                   6,768,559                                                                      6,768,559
   All Other                12,580,919      4,752,460         415,092      3,695,814      18,232,915       39,677,200

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                     2,400.0         300.3             37.3          369.5           96.1            3,203.2
  Expenditures                 2,103.9         278.7            291.4          361.2          463.4            3,498.7

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.

Last Page Update 06/10/2010

								
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