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Financial Report for WELLFLEET

Socioeconomic
County BARNSTABLE
Kind of Community Resort Retirement Artistic
School Structure Local Elementary
Regional Schools •NAUSET
•CAPE COD
Form of Government •Selectmen
•Town Administrator
•Open Town Meeting
2000 Population 2,749
2001 Labor Force 2,097
1989 Per Capita Income 14,581
Population Per Square Mile 134
2001 Unemployment Rate 2.4
2000 EQV Per Capita 316,805
Moody's Bond Rating
(As of 4/5/01)
N/A

FY2002 Cherry Sheet
Estimated State Aid
Education Aid 363,052
General Government 119,483
Total Receipts 482,535
Total Assessments 177,354
Net State Aid 305,181

FY2002 Tax Classification
Tax Classification Tax Rate Tax Levy Assessed Values
Residential 6.93 7,523,235 1,085,603,929
Open Space
Commercial 6.93 401,639 57,956,601
Industrial 6.93 681 98,200
Personal Property 6.93 228,010 32,901,880
Total   8,153,565 1,176,560,610

FY2002 Revenue Sources
Revenue Sources   Percent of Total
Tax Levy 8,153,565 73.0
State Aid 494,579 4.4
Local Receipts 1,277,211 11.4
Other Available 1,243,561 11.1
Total 11,168,916  

FY2002 Proposition 2 1/2 Levy Capacity
New Growth 192,814
Override 300,000
Debt Exclusion 805,607
Levy Limit 8,205,657
Excess Capacity 52,092
Ceiling 29,414,015
Override Capacity 22,013,965

Reserves
7/1/2001 Free Cash 203,578
FY02 Overlay Reserve 79,856
FY00 Stabilization Fund 10,916
Revaluation
Most Recent 98
Next Scheduled 01

FY02 Average Single Family Tax Bill
Number of Single Family Parcels 2,798
Assessed Value of Single Family 874,559,600
Average Single Family Tax Bill 2,166

FY00 Schedule A - Actual Revenues and Expenditures
  General Fund Special
Revenue
Capital
Projects
Enterprise
Fund
Trust
Revenue
Total
All Funds
Revenues 8,150,176 1,696,005 705,277 28,928 10,580,386
Expenditures 9,383,075 611,828 1,284,340 156,803 23,779 11,459,825
  Police 813,002 813,002
  Fire 496,292 496,292
  Education 3,726,021 46,236 3,772,257
  Public Works 1,080,626 199,134 156,803 1,436,563
  All Other 3,267,134 366,458 1,284,340 23,779 4,941,711

 


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