7077-R2_NewGloucester_2018-2019_AnnualReport_Web

STATEMENT D STATEMENT D

STATEMENT D

STATEMENT D

TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2019 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2019 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2019 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2019 Total Governmental Funds TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2019 Total Governmental Funds Total Governmental Funds Total Governmental Funds

STATEMENT D

Total Governmental Funds

Total Fund Balances Total Fund Balances

Total Fund Balances Total Fund Balances

$ 8,733,500 $ 8,733,500

$ 8,733,500

$ 8,733,500

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Total Fund Balances Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Accrued compensated absences Net pension liability Net OPEB liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Accrued compensated absences Net pension liability Net OPEB liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Accrued compensated absences Net pension liability Net OPEB liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Accrued compensated absences Net pension liability Net OPEB liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Accrued compensated absences Net pension liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Net position of governmental activities Net position of governmental activities Net position of governmental activities Net position of governmental activities Net OPEB liability

8,637,912 8,637,912

8,637,912 $ 8,733,500 8,637,912

114,000 114,000

114,000

114,000

8,637,912 129,933

129,933 129,933

129,933

40,175

40,175

40,175

40,175

114,000

129,933

(4,415,000) (4,415,000) (84,790) (306,617) (156,912) (84,790) (306,617) (156,912)

(4,415,000)

(84,790) (306,617) (156,912) (4,415,000) (84,790) (306,617) (156,912)

40,175

(127,530) (12,701) (4,415,000) (127,530) (84,790) (306,617) (156,912) (12,701)

(127,530) (127,530)

(12,701) (12,701)

$ 12,551,970 $ 12,551,970

$ 12,551,970

$ 12,551,970

(127,530)

(12,701)

Net position of governmental activities

$ 12,551,970

See accompanying independent auditors' report and notes to financial statements. 17 See accompanying independent auditors' report and notes to financial statements. 17 See accompanying independent auditors' report and notes to financial statements. 17 See accompanying independent auditors' report and notes to financial statements. 17

See accompanying independent auditors' report and notes to financial statements. 17

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