7077-R2_NewGloucester_2019_AnnualReport_Web

STATEMENT B (CONTINUED)

TOWN OF NEW GLOUCESTER, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2019 TOWN OF NEW GLOUCESTER, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2019

STATEMENT B (CONTINUED)

Governmental Activities

Changes in net position: Net (expense) revenue

(9,104,035) Governmental Activities

General revenues: Taxes: Property taxes, levied for general purposes Changes in net position: Net (expense) revenue General revenues: Taxes: Property taxes, levied for general purposes Excise taxes Grants and contributions not restricted to specific programs Miscellaneous Total general revenues

7,463,921 1,226,088 740,739 226,370 9,657,118

(9,104,035)

553,083 1,226,088 740,739 226,370 9,657,118 7,463,921

Change in net position Excise taxes NET POSITION - JULY 1 Miscellaneous Total general revenues NET POSITION - JUNE 30 Change in net position

Grants and contributions not restricted to specific programs

11,998,887

$

12,551,970

553,083

NET POSITION - JULY 1

11,998,887

NET POSITION - JUNE 30

$

12,551,970

See accompanying independent auditors' report and notes to financial statements. 15

See accompanying independent auditors' report and notes to financial statements. 15

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