5646-R4_ML&P_TownOfBuxton_2016-2017_AnnualReport_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2017 TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS BUDG AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016

STATEMENT C

Variance Positive (Negative)

Total

Budgeted Amounts

Actual

General

Nonmajor

Governmental

Original

Final

Am unts

Fund

Funds

Funds

Budgetary Fund Balance, July 1

2,628,940 $

2,628,940 $

2,628,940 $

$

-

ASSETS Cash and cash equivalents Resources (Inflows): Property taxes Investments

4,177,187 $

219,711 $

4,396,898 $

- 9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797 164,944 164,944

36,405 194,797

Accounts receivable (net of allowance for uncollectibles): Taxes Excise taxes Intergovernmental: State revenue sharing

233,076 112,440 77,307

- -

233,076 112,440 86,882 460,066

284,169 116,420 110,000

284,169 116,420 110,000

306,044 115,414 109,628

21,875 (1,006)

Liens Other

Homestead

9,575

Local road assistance

(372) (76)

Due from other funds Tree growth TOTAL ASSETS

2,918

457,148

8,500

8,500

8,424

4,602,928 $ 2,00

851,378 $ 2,000

5,454,306 $ 92

General assistance

(1,076) 29,727 95,382 9,532 18,859

Other

4,611

4,611

$ 34,338 591,379 13,032 36,859 17,841

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

$ 3,500 18,000 18,000 495,997

$ 3,500 18,000 18,000 495,997

LIABILITIES Accounts payable Due to other funds TOTAL LIABILITIES Due to other governments

380,090

- -

380,090

271

271

(159)

457,148 837,509

2,918 2,918

460,066 840,427

Am unts Available for Appropriation Charges to Appropriations (Outflows): General government

14,991,426

14,991,426

15,395,314

403,888

1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601

94,327 (13,063) (4,815) 23,245

DEFERRED INFLOWS OF RESOURCES Prepaid taxes Public safety Health and welfare

29,312 254,039 283,351

- - -

29,312 254,039 283,351

713,437

713,437 93,559

718,252

Deferred tax revenues

Recreation and culture

67,13

70,31

TOTAL DEFERRED INFLOWS OF RESOURCES Education

6,609,536 6,609,536 6,609,536

-

Public works

970,588 1,042,287

804,178 432,656 25,657 90,000 23,542 231,547 59,197

238,109

FUND BALANCES Nonspendable County tax Unclassified

432,656 69,993 90,000 23,542 272,083 59,197

432,656 90,638 90,000 23,542 285,844 59,197

-

64,981

- - -

55,100 162,682 186,392 444,286

55,100 162,682 186,392 1,235,078 2,691,276 4,330,528

Debt service: Principal

Restricted Committed Assigned Unassigned

- -

Interest

790,792 2,691,276 3,482,068

Capital outlay

54,297

-

Transfers to other funds

-

TOTAL FUND BALANCES

848,460

Total Charges to Appropriations

12,602,559

12,785,823

12,328,742

457,081

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance

2,388,867 $

2,205,603 $

3,066,572 $

$ $

860,969 (255,073) (168,264) (423,337)

4,602,928 $

851,378 $ 255,073 $

5,454,306 $

$

240,073

$

- - -

-

168,264 423,337

$

240,073

$

$

$

See accompanying independent auditors’ report and notes to financial statements.

See accompanying independent auditors’ report and notes to financial statements.

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