7157-R1_ML&P_Hollis_2018-2019_AnnualReport_Text

STATEMENT C

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

Other

Total

General

Poland Spring Road Paving Governmental

Governmental

Fund

TIF Fund

Projects

Funds

Funds

ASSETS Cash and cash equivalents

$

2,009,717

$

3,057,734

$

2,935,376

$

132,055

$

8,134,882

Accounts receivable (net of allowance for uncollectibles): Taxes

200,720 58,805 59,578

- - - -

- - - - -

- - - -

200,720 58,805 59,578

Liens Other

Due from other governments

447

447

Due from other funds

2,899,385 5,228,652

906,026

147,251 279,306

3,952,662

TOTAL ASSETS

$

$

3,963,760

$

2,935,376

$

12,407,094 $

LIABILITIES

Accounts payable Accrued expenses Due to other funds TOTAL LIABILITIES

$

273,770 46,231 1,053,277 1,373,278

$

- - - - - - - -

$

- -

$

- -

$

273,770 46,231 3,952,662 4,272,663

2,887,475 2,887,475

11,910 11,910

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

10,259 33,580 139,484 183,323

- - - -

- - - -

10,259 33,580 139,484 183,323

Deferred revenue Deferred tax revenue

TOTAL DEFERRED INFLOWS OF RESOURCES

FUND BALANCES Nonspendable

- -

-

-

-

-

Restricted Committed Assigned Unassigned

3,963,760

47,901

267,396

4,279,057 222,595 717,936 2,731,520 7,951,108

222,595 717,936 2,731,520 3,672,051

- - -

- - -

- - -

TOTAL FUND BALANCES

3,963,760

47,901

267,396

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

$

5,228,652

$

3,963,760

$

2,935,376

$

279,306

12,407,094 $

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

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