6422-R1_ML&P_TownOfBuxton_2017-2018_AnnualReport-Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS TOWN OF BUXTON, MAINE BALANCE SHE - GOVERNMENTAL FUNDS JUNE 30, 2018 BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016

STATEMENT C

Variance Positive (Negative)

Other

Total

Budgeted Amounts

Actual

Final Governmental Governmental Amounts

General

Original

Fund

Funds

Funds

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

Budgetary Fund Balance, July 1

2,628,940 $

2,628,940 $

2,628,940 $

$

-

3,988,535 $

$

59,302

4,047,837 $

9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797 - 163,212

36,405 194,797

163,212

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

240,713 130,040 63,409

- -

240,713 130,040 147,506 89,698

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

84,097 479,891 786,502

Local road assistance

(372) (76)

Tree growth Due from other funds TOTAL ASSETS

9,807

8,500 2,000 4,611

8,500 2,000 4,611

8,424

4,432,504 $

$

924 5,219,006 $

General assistance

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

Other

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

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

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

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

LIABILITIES Accounts payable Due to other funds TOTAL LIABILITIES

132,943 479,891 612,834

-

132,943 489,698 622,641

9,807 9,807

(159)

Amounts Available for Appropriation Charges to Appropriations (Outflows): General government Public safety DEFERRED INFLOWS OF RESOURCES Prepaid taxes Deferred tax revenues TOTAL DEFERRED INFLOWS OF RESOURCES Health and welfare Recreation and culture

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 35,640 -

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

35,640 250,480 286,120

250,480 286,120

- -

713,437 67,135

713,437 93,559

718,252 70,314 804,178 432,656 25,657 90,000 23,542 231,547 59,197

Education Public works County tax Unclassified Debt service: Principal

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

-

FUND BALANCES Nonspendable

970,588 1,042,287

238,109

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

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

-

- - -

55,100 161,858 14,203 545,534

55,100 161,858 14,203 1,254,049 2,825,035 4,310,245

64,981

Restricted Committed Assigned Unassigned

- -

708,515 2,825,035 3,533,550

Interest

-

Capital outlay TOTAL FUND BALANCES

54,297

776,695

Transfers to other funds

-

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

12,602,559

12,785,823

12,328,742

457,081

4,432,504 $

$

786,502

5, 19,006 $

2,388,867 $

2,205,603 $

3,066,572 $

$ $

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

$

240,073

$

255,073 168,264 423,337

$

- - -

-

$

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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