7548-R1_NewGloucester_2019-2020_AnnualReport_Web

STATEMENT E

TOWN OF NEW GLOUCESTER, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2019

Tax Incremental

Public Works Garage

Other

Total

General

Financing

Governmental

Governmental

Fund

District

Funds

Funds

REVENUES Taxes: Property

$ 7,500,921

$

- - - - -

$

- - - - -

$

- - -

$ 7,500,921

Excise

1,226,088 809,536 74,643 263,407 39,251 9,913,846 1,132,169 457,064 154,633 1,046,934 240,599 23,000 6,515 351,187 5,486,266 447,832

1,226,088 809,536 148,242 263,407

Intergovernmental Interest income Charges for services

7,522

65,081

996

-

Other revenue

38,877 39,873

78,128

TOTAL REVENUES

7,522

65,081

10,026,322

EXPENDITURES Current:

General government

- - - - - - - - - - - - - - -

- - - - - - - - - - - - -

- - - - - - - - - - - - -

1,132,169 457,064 154,633 1,046,934 240,599 23,000 6,515 351,187 5,486,266 470,248 185,000 156,931 33,000 2,117,739 11,861,285

Public safety

Culture and recreation

Public works Solid waste Cemeteries County tax Education Unclassified Debt service: Principal

Health and welfare

22,416

185,000 156,931 33,000

Interest

Water District debt

Capital outlay

-

2,117,739 2,117,739

TOTAL EXPENDITURES

9,721,130

22,416

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Transfers in TOTAL OTHER FINANCING SOURCES (USES) Transfers (out)

192,716

7,522

(2,052,658)

17,457

(1,834,963)

397,784 (519,824)

311,024 (58,750)

- -

297,788 (428,022)

1,006,596 (1,006,596)

(122,040)

252,274

-

(130,234)

-

NET CHANGE IN FUND BALANCES

70,676

259,796

(2,052,658)

(112,777)

(1,834,963)

FUND BALANCES - JULY 1

4,060,662

422,235

4,307,852

1,777,714

10,568,463

FUND BALANCES - JUNE 30

$ 4,131,338

$

682,031

$ 2,255,194

$ 1,664,937

$ 8,733,500

See accompanying independent auditors' report and notes to financial statements. 18

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