7077-R2_NewGloucester_2019_AnnualReport_Web

DEFERRED INFLOWS OF RESOURCES Prepaid taxes 15,810 - - - 15,810 Deferred property tax 114,000 - - - 114,000 TOTAL DEFERRED INFLOWS OF RESOURCES 129,810 - - - 129,810 FUND BALANCES Nonspendable - - - - - Restricted - 682,031 2,255,194 105,743 3,042,968 Committed - - - 1,559,194 1,559,194 Assigned 638,603 - - - 638,603 Unassigned 3,492,735 - - - 3,492,735 Tax Incremental Financing District 76,452 $ 605,579 - - - - 682,031 $ - $ - - - - - - - 682,031 - - - 682,031 DEFERRED INFLOWS OF RESOURCES Prepaid taxes 5,81 - - - 5,810 Deferred property tax 114,000 - - - 114,000 TOTAL DEFERRED INFLOWS OF RESOURCES 129,810 - - - 129,810 FUND BALANCES Nonspendable - - - - - Restricted - 682,031 2,255,194 105,743 3,042,968 Committed - - - 1,559,194 1,559,194 Assigned 638,603 - - - 638,603 Unassigned 3,492,735 - - - 3,492,735

Tax Incremental Public Other Total General Financing Works Governmental Governmental Fund District Garage Funds Funds ASSETS Cash and cash equivalents 2,492,467 $ 76,452 $ 767,241 $ 1,664,111 $ 5,000,271 $ Investments 1,501,808 605,579 1,729,736 - 3,837,123 Accounts receivable (net of allowance for uncollectibles): Taxes 12,748 - - - 12,748 Liens 134,705 - - - 134,705 Other 159,059 - - - 159,059 Due from other funds 242,583 - - 1,626 244,209 TOTAL ASSETS 4,543,370 $ 682,031 $ 2,496,977 $ 1,665,737 $ 9,388,115 $ LIABILITIES Accounts payable 268,944 $ - $ - $ - $ 268,944 $ Accrued expenses 11,652 - - - 11,652 Due to other funds 1,626 - 241,783 800 244,209 TOTAL LIABILITIES 282,222 - 241,783 800 524,805 General Fund 2,492,467 $ $ 1,501,808 12,748 134,705 159,059 242,583 4,543,370 $ $ 268,944 $ $ 11,652 1,626 282,222 15,810 114,000 129,810 - - - 638,603 3,492,735 4,131,338 ASSETS Cash and cash equivalents 2,492,467 $ 76,452 $ 767,241 $ 1,664,111 $ 5,000,271 $ Investments 1,501,808 605,579 1,729,736 - 3,837,123 Accounts receivable (net of allowance for uncollectibles): Taxes 12,748 - - - 12,748 Liens 34,705 - - - 134,705 Other 159,059 - - - 159,05 Due from other funds 242,583 - - 1,626 244,209 TOTAL ASSETS 4,543,370 $ 682,031 $ 2,496,977 $ 1,665,737 $ 9,388,115 $ LIABILITIES ounts payable 268,944 $ - $ - $ - $ 268,944 $ Accrued expenses 11,652 - - - 11,652 Due to other funds 1,626 - , 24 ,2 9 TOTAL LIABILITIES 282,222 - 241,783 800 524,805 Tax Incremental Public Other Total General Financing Works Governmental Governmental Fund District Garage Funds Funds

16 TOTAL FUND BALANCES 4,131,338 682,031 2,255,194 1,664,937 8,733,500 Public Works Gov Garage 767,241 $ 1,729,736 - - - - 2,496,977 $ - $ - 241,783 241,783 - - - - 2,255,194 - - - 2,255,194 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 4,543,370 $ 682,031 $ 2,496,977 $ 1,665,737 $ 9,388,115 $ TOTAL FUND BALANCES 4,131,338 682,031 2,255,194 1,664,937 8,733,500 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 4,543,370 $ 682,031 $ 2,496,977 $ 1,665,737 $ 9,388,115 $

STATEMENT C

STATEMENT C

TOWN OF NEW GLOUCESTER, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2019

ASSETS Cash and cash equivalents

Investments

JUNE 30, 2019 Accounts receivable (net of allowance for uncollectibles): Taxes JUNE 30, 2019

Liens Other

Due from other funds

TOTAL ASSETS

TOWN OF NEW GLOUCESTER, MAINE TOWN OF NEW GLOUCESTER, MAINE

LIABILITIES Accounts payable Accrued expenses Due to other funds TOTAL LIABILITIES

BALANCE SHEET - GOVERNMENTAL FUNDS BALANCE SHEET - GOVERNMENTAL FUNDS

DEFERRED INFLOWS OF RESOURCES Prepaid taxes TOTAL DEFERRED INFLOWS OF RESOURCES Deferred property tax

FUND BALANCES Nonspendable

Restricted Committed Assigned Unassigned

TOTAL FUND BALANCES

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

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

$

4,543,370

$

682,031

$

2,496,977

$

See accompanying independent auditors' report and notes to financial statements. 16

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