7538-R2_ML&P_TownOfBuxton_2019-2020_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS TOWN OF BUXTON, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2020 BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016

STATEMENT C

Variance Positive (Negative)

Budgeted Amounts

Actual

Other

Total

Original

Final

Amounts Governmental Governmental

General

Fund

Funds

Funds

Budgetary Fund Balance, July 1

2,628,940 $

2,628,940 $

2,628,940 $

$

-

Resources (Inflows): Property taxes ASSETS Cash and cash equivalents

4,255,098 $

$

41,886

4,296,984 $

9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797 - 165,767

36,405 194,797

Investments

165,767

Excise taxes

Intergovernmental: State revenue sharing Accounts r ceivable (net of allowance for uncollectibles): Taxes

304,906 188,385 63,489

-

304,906 188,385 64,312 978,295

284,169 116,420 110,000

284,169 116,420 110,000

306,044 115,414 109,628 -

21,875 (1,006)

Liens Other

Homestead

823

Local road assistance

(372) (76)

Tree growth Due from oth r funds

8,500 2,000 4,611

8,500 2,000 4,611

8,424

-

978,295

General assistance

924 5,998,649 $

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

TOTAL ASSETS

4,811,878 $

1,186,771 $

Other

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

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

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

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

LIABILITIES Accounts payabl Accrued exp nse Due to other funds TOTAL LIABILITIES Due to other governments

150,082

150,082

11

11

(159)

7,306

-

7,306

Amounts Available for Appropriation Charges to Appropriations (Outflows): General government

14,991,426

14,991,426

15,395,314

403,888

374,115

604,180

978,295 1,135,694

1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601 531,514 604, 80

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

Public safety

Health and welfare Recreation and culture DEFERRED INFLOWS OF RESOURCES Prepaid taxes

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 -

26,782

26,782 342,589 369,371

Education Public works County tax Unclassified Debt service: Principal

6,609,536 6,609,536 6,609,536 342,589 -

-

Deferred tax revenues

970,588 1,042,287 369,371

238,109

TOTAL DEFERRED INFLOWS OF RESOURCES

432,656 69,993 90,000 23,542 272,083 59,197

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

-

64,981

FUND BALANCES Nonspendable

- - -

55,100 122,942 15,574 396,864

55,100 122,942 15,574 935,347 3,364,621 4,493,584

- -

Restricted Committed Assigned Unassigned

Interest

Capital outlay

54,297

538,483 3,372,510 3,910,993

Transfers to other funds

-

(7,889)

Total Charges to Appropriations

12,602,559

12,785,823

12,328,742

457,081

TOTAL FUND BALANCES

582,591

Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance TOTAL LIABILITIES, DEFERRED INFLOWS OF RESO RCES AND FUND BALANCES

2,388,867 $

2,205,603 $

3,066,572 $

$ $

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

$

240,073

$

255,073 168,264 423,337

$

-

4,811,878 $

1,186,771 $

5,998,649 $

-

-

$

240,073

$

$

-

$

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

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