Fiscal Year 2019 Budget

Beginning July 1, 2018 and ending June 30, 2019

Last updated: 4/11/18

Treasury Department

The mission of the Treasury Department is to collect and transfer all funds due to the City. The Department also deposits and invests City funds, manages the City's borrowings, and makes all disbursements.


Emme Handy, Chief Financial Officer & Collector-Treasurer, Appropriation 137
How does the budget work?
Learn about financial management
Glossary of Terms
View PDFs of the budget book
Contact the Budget Office:

budget@boston.gov


Appropriations by Program

Back to Administration & Finance Cabinet

Program Name FY16 Actual FY17 Actual FY18 Budget FY19 Budget
General Management 707,688 547,512 571,233 574,887
Treasury Administration 751,850 777,275 737,653 665,970
General Service/Payroll 693,201 655,271 681,616 690,779
Special Collections 512,653 524,344 581,161 594,171
Payment Services 1,236,455 1,135,639 1,288,041 988,016
Accounting/Quality Control 374,515 349,888 379,450 390,392
Treasury Accounting 155,541 159,383 185,448 188,383
Accounts Receivable 312,704 320,467 397,929 458,479
Trust 184 0 0 0
Total 4,744,791 4,469,779 4,822,531 4,551,077


Department trends by program


Treasury Department
Operating Budget Over Time
Treasury Department FY18
Operating Budget by Program
General Management
Treasury Administration
General Service/Payroll
Special Collections
Payment Services
Accounting/Quality Control
Treasury Accounting
Accounts Receivable
Trust

Department budget by account

Back to Administration & Finance Cabinet

title FY16 Expenditure FY17 Expenditure FY18 Appropriation FY19 Adopted Inc/Dec 18 vs 19
Personnel Services 3,181,844 3,148,756 3,428,832 3,505,255 76,423
Contractual Services 217,127 217,401 568,461 201,624 -366,837
Supplies & Materials 741,678 526,323 788,638 804,698 16,060
Current Chgs & Oblig 14,201 18,354 16,600 19,500 2,900
Equipment 14,554 119 20,000 20,000 0
Other 575,387 558,826 0 0 0
Total 4,744,791 4,469,779 4,822,531 4,551,077 -271,454


Department trends by account


Treasury Department
Operating Budget Over Time
Treasury Department FY18
Operating Budget by Account
Personnel Services
Contractual Services
Supplies & Materials
Current Chgs & Oblig
Equipment
Other


Treasury Department
External Funds Projects

Community Preservation Act
The Massachusetts legislature passed the Community Preservation Act in 2000. The law gave individual cities and towns authority to mount a ballot campaign to add a surcharge on real estate taxes to fund affordable housing, parks and open space improvements, and historic restoration. Boston voters approved the ballot initiative in November 2016 to adopt the Community Preservation Act. By adopting the CPA, the City created a Community Preservation Fund and finances this fund in part by a 1% property tax-based surcharge on residential and business property tax bills. Beginning in FY18, funding will be available every year for affordable housing, parks and open space improvements, and historic restoration. Additionally, a statewide Community Preservation Trust Fund gives cities and towns that passed the act a “match.” Real estate transfer fees from across the state provide money for the Trust Fund.


Treasury Department - Authorizing Statutes

  • Bonding Requirements, M.G.L.A. c. 41, § 35.
  • Deposit on Funds, M.G.L.A. c. 40, § 35; M.G.L.A. c. 41, § 46; M.G.L.A. c. 44, §§ 53-55; M.G.L.A. c. 94C, § 47.
  • Custody and Safekeeping of Municipal Funds, M.G.L.A. c. 40, § 5B; M.G.L.A. c. 41, §§ 36, 44, 46; M.G.L.A. c. 44, §§ 53-55.
  • Payment of Bills, Payrolls, Withholding, M.G.L.A. c. 41, §§ 35, 41-43, 52, 56, 65-67; M.G.L.A. c.71, § 37B; M.G.L.A. c.149, §§ 148, 178B; M.G.L.A. c. 62B, § 2; M.G.L.A. c. 62, § 10; M.G.L.A. c. 32, § 22; M.G.L.A. c. 32B, § 7; M.G.L.A. c.154, § 8; M.G.L.A. c.175, §§ 138A, 193R; M.G.L.A. c. 180, § 17; 26 U.S.C. §§ 3401-3403, 3405-3406.
  • Reporting of Indebtedness, M.G.L.A. c. 41, § 59; M.G.L.A. c.44, §§ 22-28.
  • Appropriated Expenditures, M.G.L.A. c. 44, §§ 31, 53, 62-63.
  • Tax Title Responsibilities, M.G.L.A. c. 60, §§ 61-63, 76-77, 79-80.
  • Tax Rate Determination/Classification, M.G.L.A. c. 59, §§ 23, 38, 43, 53-55.
  • Tax Abatements, M.G.L.A. c.58, § 8; M.G.L.A. c.59, §§ 5, 59, 63, 69.
  • Collection of Local Taxes, M.G.L.A. c. 60, §§ 61-63, 76-77, 79-80.
  • General Authorizing Statutes, 1943 Mass. Acts ch. 434, § 7.
  • Motor Vehicle Excise Tax, M.G.L.A. c. 60A.
  • Gifts and Grants, M.G.L.A. c. 44, § 53A.
  • Municipal Indebtedness, M.G.L.A. c. 44, §§ 11,20.
  • Sale/Disposal of Realty/Public Land, M.G.L.A. c. 44, §§ 63-63A.
  • Excise on Boats, Ships & Vessels in Lieu of Local Property Taxes, M.G.L.A. c. 60B.