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Financial Report for PROVINCETOWN

Socioeconomic
County BARNSTABLE
Kind of Community Urbanized Center
School Structure K to 12
Regional Schools •CAPE COD
Form of Government •Selectmen
•Town Manager
•Open Town Meeting
2000 Population 3,431
2001 Labor Force 3,140
1989 Per Capita Income 14,955
Population Per Square Mile 411
2001 Unemployment Rate 6.4
2000 EQV Per Capita 287,472
Moody's Bond Rating
(As of 4/5/01)
A2

FY2002 Cherry Sheet
Estimated State Aid
Education Aid 522,845
General Government 279,142
Total Receipts 801,987
Total Assessments 229,754
Net State Aid 572,233

FY2001 Tax Classification
Tax Classification Tax Rate Tax Levy Assessed Values
Residential 7.42 6,309,038 850,274,700
Open Space
Commercial 7.42 2,148,981 289,620,100
Industrial 7.42 7,251 977,200
Personal Property 7.42 162,508 21,901,400
Total   8,627,778 1,162,773,400

FY2001 Revenue Sources
Revenue Sources   Percent of Total
Tax Levy 8,627,778 48.1
State Aid 793,969 4.4
Local Receipts 6,118,006 34.1
Other Available 2,401,438 13.4
Total 17,941,191  

FY2001 Proposition 2 1/2 Levy Capacity
New Growth 190,051
Override
Debt Exclusion 59,258
Levy Limit 9,720,087
Excess Capacity 1,092,309
Ceiling 29,069,335
Override Capacity 19,408,506

Reserves
7/1/2000 Free Cash
FY01 Overlay Reserve 172,117
FY00 Stabilization Fund 491
Revaluation
Most Recent 00
Next Scheduled 0

FY01 Average Single Family Tax Bill
Number of Single Family Parcels 774
Assessed Value of Single Family 265,379,300
Average Single Family Tax Bill 2,544

FY00 Schedule A - Actual Revenues and Expenditures
  General Fund Special
Revenue
Capital
Projects
Enterprise
Fund
Trust
Revenue
Total
All Funds
Revenues 7,915,845 4,067,180 825,492 3,259,090 499,815 16,567,422
Expenditures 12,722,117 1,859,681 3,333,772 3,462,462 129,648 21,507,680
  Police 1,177,138 110 1,177,248
  Fire 265,003 265,003
  Education 3,732,108 605,137 4,337,245
  Public Works 1,291,997 107,999 279,214 792,298 2,471,508
  All Other 6,255,871 1,146,435 3,054,558 2,670,164 129,648 13,256,676

 


Rick Kingsley - Bureau Chief
Lisa Juszkiewicz - Data Bank Director
617-626-2386
email: databank@dor.state.ma.us

Questions about the data:
Dora Brown - 617-626-2360
Debbie Ferlito
Jared Curtis - 617-626-2320