7998-R1_ML&P_Hollis_2020-2021_AnnualReport_Web

STATEMENT A (CONTINUED)

TOWN OF HOLLIS, MAINE SCHEDULE OF CHANGES IN NET OPEB LIABILITY FOR THE YEAR ENDED JUNE 30, 2021 TOWN OF HOLLIS, MAINE SCHEDULE OF CHANGES IN NET OPEB LIABILITY FOR THE YEAR ENDED JUNE 30, 2021 TOWN OF HOLLIS, MAINE STATEMENT OF NET POSITION JUNE 30, 2021

SCHEDULE 2 SCHEDULE 2

Governmental Activities

Increase (Decrease) Increase (Decrease)

LIABILITIES

Current liabilities:

Plan

Accounts payable Accrued expenses

$

27,675

Plan Fiduciary Fiduciary Net Position Net Position (b)

Net OPEB

Net OPEB Net OPEB Liability 11,208 14,768 Liability (a) - (b) (a) - (b) 300,000 353,651

Net OPEB Liability Liability (a)

Due to other governments

Current portion of long-term obligations

Total current liabilities

(a)

(b)

Balances at 1/1/20 (Reporting December 31, 2020) Balances at 1/1/20 (Reporting December 31, 2020) Noncurrent liabilities: Noncurrent portion of long-term obligations: Bond p yable

$

80,172

$

-

$

80,172 80,172

$

80,172

$

-

$

Changes for the year: Service cost

2,100,000 100,074 2,200,074

Changes for the year: Service cost

Net OPEB liability

11,385

- - - - - - - - - -

11,385 2,504 11,385 2,504

11,385 2,504 2,504

- - - - - - - - - -

Total noncurrent liabilities

Interest

Interest

Changes of benefits

- - - - -

- -

Changes of benefits

- - - - -

- -

TOTAL LIABILITIES

2,553,725

Differences between expected and actual experience Differences between expected and actual experience DEFERRED INFLOWS OF RESOURCES Prepaid taxes Changes of assumptions Contributions - employer Contributions - me ber Net investment income Deferred inflows related to OPEB TOTAL DEFERRED INFLOWS OF RESOURCES Changes of assumptions Contributions - employer Contributions - member Net investment income Deferred revenue

6,325

6,325 6,325

6,325

312

(312) (312)

8,831 51,584 23,977 84,392

312

- - - -

- - - -

Benefit payments Administrative expense Benefit payments

(312)

(312) (312)

(312)

-

Administrative expense NET POSITION Net investment in capital assets Net changes

-

Net changes

19,902 100,074 19,902

19,902 100,074 1 ,

$ 7,851,387 6,034,880 4,397,786 18,284,053

Balances at 1/1/21 (Reporting December 31, 2021) Balances at 1/1/21 (Reporting Dec mber 31, 20 1) Restricted

$

10 ,074

$

$

$

Unrestricted

TOTAL NET POSITION

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION

20,922,170 $

See accompanying independent auditors' report and notes to financial statements. 52 See accompanying independent auditors' report and notes to financial statements. 52 See accompanying independent auditors' report and notes to financial statements. 13

125