6422-R1_ML&P_TownOfBuxton_2017-2018_AnnualReport-Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS STATEMENT E TOWN OF BUXTON, MAINE STATEMENT OF REVENUES, EXPENDI RES AND CH NGES IN FUND BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016 BALANCES - GOV RNMENTAL F DS FOR THE YEAR ENDED JUNE 30, 2018

Variance Positive (Negative)

Budgeted Amounts

Actual

Amounts Governmental Total

Original General

Final Nonmajor

2,628,940 $ Fund

2,628,940 $ Funds

2,628,940 $ Funds

Budgetary Fund Balance, July 1

$

-

REVENUES Taxes: Property

Resources (Inflows): Property taxes

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

36,405 194,797

10,504,467 $

10,504,467 $

Excise taxes

Excise

284,169 116,420 110,000 688,806 478,581 203,504 13,636,483 1,761,125

- -

8,424 13,944,173 1,761,125 688,806 489,576 500,199 1,659,319 1,967,906 744,413 7,027,974 1,055,347 456,132 239,866 62,763 924

Intergovernmental: State revenue sharing Homestead Charges for services Miscellaneous revenues Local road assistance Intergovernmental

284,169 116,420 110,000

306,044 115,414 109,628

21,875 (1,006)

10,995 296,695 307,690

(372) (76)

Tree growth TOTAL REVENUES EXPENDITURES Current: Other

8,500 2,000 4,611

8,500 2,000 4,611

General assistance

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

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

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

495,997 1,659,319 1,967,906 735,882 3,500 18,000 18,000 62,763 14,991,426 7,027,974 1,055,347

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

General government

- - - - -

Public safety

Health and welfare

8,531

(159)

Amounts Available for Appropriation Charges to Appropriations (Outflows): General government Recreation and culture Education Public works County t x

14,991,426

15,395,314

403,888

1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601 456,132 - 41,313 198,553

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

Unclassified Debt service: Principal

Public safety

Health and welfare Recreation and culture

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

90,000

-

90,000 41,130

Interest

6,609,536 6,609,536 6,609,536 41,130 -

Education Public works County tax Unclassified Debt service: Principal

-

Capital outlay

970,588 1,042,287 1,671,606

-

1,671,606 15,016,456

238,109

TOTAL EXPENDITURES

432,656 69,993 14,809,372 90,000 23,542 272,083 59,197 (1,172,889) 1,052,000 172,371 12,602,559 2,388,867 $ 1,224,371 240,073 $ -

207,084

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

-

64,981

Interest Capital outlay OTHER FINANCING SOURCES Bond proceeds Transfers to other funds Total Charges to Appropriations Transfers in Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance TOTAL OTHER FINANCING SOURCES (USES) NET CHANGE IN FUND BALANCES EXCESS REVENUES OVER (UNDER) EXPENDITURES Transfers (out)

100,606

(1,072,283)

- -

54,297

- -

1,052,000 172,371 (172,371)

-

12,785,823

12,328,742

457,081

(172,371)

2,205,603 $

3,066,572 $

$ $

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

(172,371)

1,052,000

$

255,073 168,264 423,337

$

- - -

-

51,482

(71,765)

(20,283)

$

240,073

$

$

$

FUND BALANCES - JULY 1

3,482,068

848,460

4,330,528

FUND BALANCES - JUNE 30

$

3,533,550

$

776,695

$

4,310,245

See accompanying independent auditors’ report and notes to financial statements. See accompanyi g i depend t auditors’ report and notes to financi l st tements.

47