Welcome to the Town Accountant

The Town of Nahant Accounting Department is responsible for the maintenance of all financial records to insure compliance with federal, state and local laws and regulations and for oversight of all departmental appropriations. This includes recording all Town expenditures and assuring that departments operate within their annual appropriations.

The Accounting Department audits all departments and reports the Town's financial status on an annual basis. The Department is also responsible for accounts payable, water and sewer billing and retirement administration.

The mission of the Accounting Department is to insure that the appropriate financial and auditing controls within the Town are maintained in an efficient, cost-effective and responsible manner.

Welcome to our document archive. Select the fiscal year on the left to view all the supporting documents in Acrobat (PDF) format.

	Town Accountant
	Contact Phone Fax Email	Deborah A. Waters (781) 581-0099 (781) 000-0000 dwaters@nahant.org
	Nahant Town Hall Hours
	Monday through Wednesday Thursday Friday	8 AM - 4 PM 8 AM - 7 PM 8 AM - 12:30 PM

Town Accountant’s Report – Fiscal Year 2010

Fiscal Year 2010 was an average year financially for the Town of Nahant.  The Certified Free Cash is $130,596.  (Free Cash is the fund balance less mandated state adjustments-See next page.)   We must continue to be careful in order to grow and avoid a free cash deficit.  The Town’s revenue budget is only an estimate.  This revenue budget is what supports the appropriation budget.  It is prudent to leave some free cash available for any revenue deficits or other unforeseen events that can occur.  The future years will require reduced appropriations and/or an override.  The certified Water/Sewer Enterprise Fund balance is $479,013 for Fiscal Year 2010. 

Thanks again to all who have worked hard to maintain a positive fund balance again in FY 10.   Special thanks to: Mark Cullinan, the Board of Selectmen, the great Town Hall team, the Finance Committee, all of the departments who work diligently to stay within their budgets, and all of the wonderful people who donate so much of their time to make Nahant a better place. A special thanks to Susan Behen and Katie Costin for their dedication and hard work.

The town’s outstanding debt as of 6/30/10 is $9,385,897 - $7,469,897 is in long-term debt and $1,916,000 is in temporary short-term debt.   During Fiscal Year 2010, Mark Cullinan, the Board of Selectmen, the Finance Department and the Finance Committee have tried their best to support necessary capital improvements with minimal borrowing, stabilize the water and sewer rates and maintain a stabilization fund, all the while supporting ever increasing budgets for a better Nahant.  These are great goals that took a great deal of planning and hard work and are becoming more and more difficult to attain.      

On the following pages are reports that cover the twelve-month period from July 1, 2009 through June 30, 2010. (FY 10)  Please take time to review these reports.  Additional information or clarification desired by a Nahant resident will be gladly furnished upon a written request.

The combined statement of revenues, expenditures and changes in fund balances and the combined balance sheet for fiscal year ending 6/30/10 are prepared by the Town of Nahant's auditors, Sullivan, Rogers & Company, LLC, CPAs.  All other reports are prepared in-house.

Respectfully Submitted,
Deborah A. Waters
Town Accountant

2010 Support Documents

	Acrobat Documents For Download (PDF)
	FY 2010 Free Cash (Fund Balance)
	FY 2010 Appropriations
	FY 2010 Revenue Report
	FY 2010 Revenue Detail
	FY 2010 Governmental Funds (Revenue, Expenditures and Changes)
	FY 2010 Balance Sheet

Town Accountant’s Report – Fiscal Year 2009

Fiscal Year 2009 was a better year financially for the Town of Nahant than the past year.  The Certified Free Cash is $133,268.  (Free Cash is the fund balance less mandated State adjustments See next page.)   We must continue to be careful in order to grow and avoid a free cash deficit.  The Town’s revenue budget is only an estimate.  This revenue budget is what supports the appropriation budget.  It is prudent to leave some free cash available for any revenue deficits or other unforeseen events that can occur.  The future years will require reduced appropriations and/or an override.  The certified Water/Sewer Enterprise Fund balance is $463,472 for Fiscal Year 2009. 

Thanks again to all who have worked hard to maintain a positive fund balance again in FY 09.   Special thanks to: Mark Cullinan, the Board of Selectmen, the great Town Hall team, the Finance Committee, all of the departments who work diligently to stay within their budgets, and all of the wonderful people who donate so much of their time to make Nahant a better place. A special thanks to Susan Behen and Katie Costin for their dedication and hard work.

The town’s outstanding debt as of 6/30/09 is $10,338,831 - $8,372,831 is in long-term debt and $1,966,000 is in temporary short-term debt.   During Fiscal Year 2009, Mark Cullinan, the Board of Selectmen, the Finance Department and the Finance Committee have tried their best to support necessary capital improvements with minimal borrowing, stabilize the water and sewer rates and maintain a stabilization fund, all the while supporting ever increasing budgets for a better Nahant.  These are great goals that took a great deal of planning and hard work and are becoming more and more difficult to attain.      

On the following pages are reports that cover the twelve-month period from July 1, 2008 through June 30, 2009. (FY 09)  Please take time to review these reports.  Additional information or clarification desired by a Nahant resident will be gladly furnished upon a written request.

The combined statement of revenues, expenditures and changes in fund balances and the combined balance sheet for fiscal year ending 6/30/09 are prepared by the Town of Nahant's auditors, Sullivan, Rogers & Company, LLC, CPAs.  All other reports are prepared in-house.

Respectfully Submitted,
Deborah A. Waters
Town Accountant

2009 Support Documents

	Acrobat Documents For Download (PDF)
	FY 2009 Balance Sheet
	FY 2009 Revenue Report
	FY 2009 Revenue Detail
	FY 2009 Governmental Funds (Revenue, Expenditures and Changes)
	FY 2009 Free Cash (Fund Balance)
	FY 2009 Appropriation

Town Accountant’s Report – Fiscal Year 2008

Fiscal Year 2008 was a weaker year financially for the Town of Nahant than the past few years.  The Certified Free Cash is $89,900.  (Free Cash is the fund balance less mandated state adjustments - see attached page.)   We must continue to be careful in order to grow and avoid a free cash deficit.  The Town’s revenue budget is only an estimate.  This revenue budget is what supports the appropriation budget.  It is prudent to leave some free cash available for any revenue deficits or other unforeseen events that can occur.  The future years will require reduced appropriations and/or an override.  The certified Water/Sewer Enterprise Fund balance is $217,333 for Fiscal Year 2008. 

Thanks again to all who have worked hard to maintain a positive fund balance again in FY 08.   Special thanks to: Mark Cullinan, the Board of Selectmen, the great Town Hall team, the Finance Committee, all of the departments who work diligently to stay within their budgets, and all of the wonderful people who donate so much of their time to make Nahant a better place. A special thanks to Susan Behen and Katie Costin for their dedication and hard work.

The town’s outstanding debt as of 6/30/08 is $10,373,766 - $7,915,766 is in long-term debt and $2,458,000 is in temporary short-term debt.   During Fiscal Year 2008, Mark Cullinan, the Board of Selectmen, the Finance Department and the Finance Committee have tried their best to support necessary capital improvements with minimal borrowing, stabilize the water and sewer rates and maintain a stabilization fund, all the while supporting ever increasing budgets for a better Nahant.  These are great goals that took a great deal of planning and hard work and are becoming more and more difficult to attain.      

On the attachment below are reports that cover the twelve-month period from July 1, 2007 through June 30, 2008. (FY 08)  Please take time to review these reports.  Additional information or clarification desired by a Nahant resident will be gladly furnished upon a written request.

The combined statement of revenues, expenditures and changes in fund balances and the combined balance sheet for fiscal year ending 6/30/08 are prepared by the Town of Nahant's auditors, Sullivan, Rogers & Company, LLC, CPAs.  All other reports are prepared in-house.

Respectfully Submitted,
Deborah A. Waters
Town Accountant

2008 Support Documents

	Acrobat Documents For Download (PDF)
	FY 2008 Balance Sheet
	FY 2008 Balance Sheet
	FY 2008 Revenue Report
	FY 2008 Revenue Detail
	FY 2008 Governmental Funds (Revenue, Expenditures and Changes)
	FY 2008 Free Cash (Fund Balance)
	FY 2008 Appropriation

2007 Support Documents

	Acrobat Documents For Download (PDF)
	FY 2007 Balance Sheet
	FY 2007 Revenue Report
	FY 2007 Revenue Detail
	FY 2007 Governmental Funds (Revenue, Expenditures and Changes)
	FY 2007 Free Cash (Fund Balance)
	FY 2007 Appropriations

2006 Support Documents

	Acrobat Documents For Download (PDF)
	FY 2006 Balance Sheet
	FY 2006 Balance Sheet
	FY 2006 Revenue Report
	FY 2006 Revenue Detail
	FY 2006 Governmental Funds (Revenue, Expenditures and Changes)
	FY 2006 Free Cash (Fund Balance)
	FY 2006 Appropriations

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