7998-R1_ML&P_Hollis_2020-2021_AnnualReport_Web

STATEMENT A (CONTINUED)

TOWN OF HOLLIS, MAINE SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED RATIOS LAST 10 FISCAL YEARS* TOWN OF HOLLIS, MAINE STATEMENT F NET POSITION JUNE 30, 2021 TOWN OF HOLLIS, MAINE SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED RATIOS LAST 10 FISCAL YEARS*

SCHEDULE 3 SCHEDULE 3

Governmental Activities

2021

2020

2019 2019

2018

2021

2020

2018

LIABILITIES

Current liabilities:

Total OPEB liability Service cost (BOY)

Accounts payable Accrued expenses

$

$ 11,208 14,768 300,000 353,651 $ 27,675

Total OPEB liability Service cost (BOY)

$

11,385 2,504

$

6,680 3,650

$

7,271 3,142 7,271 3,142

5,602 2,910

$

11,385 2,504

$

6,680 3,650

$

5,602 2,910

Interest (includes interest on service cost) Due to other governments

Interest (includes i terest on s rvice cost)

Current portion of long-term obligations

Changes of ben fit terms

- -

(1,584) (25,697) 16,802 (1,584) 16,802 (25,697)

- -

-

Changes of benefit terms

- -

- -

-

Differences between expected and actual experience Total current liabilities Differences between expected and actual experience

8,452

(74) 8,452

Changes of assumptions

6,325

(8,178) (8,178) (3,875) (1,640) (3,875) (1,640)

Changes of assumptions

6,325

(74)

Noncurrent liabilities: Noncurrent portion of long-term obligations: Bond payable

Benefit payments, including refunds of member contributions

Net change in total OPEB liability Net OPEB liability Benefit payments, including refunds of member contributions Net change in total OPEB liability Total noncurrent liabilities

(312)

(4,030) (4,179) 84,351 80,172

(4,538) 12,352 73,639 85,991

(312)

(4,030) (4,179) 84,351 80,172

(4,538) 12,352 73,639 85,991

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

$

19,902

$

$

$

19,902

$

$

Total OPEB liability - beginning Total OPEB liability - ending TOTAL LIABILITIES Plan fiduciary net position Contributions - employer Contributions - member Net investment income Deferred revenue

$ $

80,172 100,074

$ $

$ $

85,991 84,351 85,991 84,351

$ $

Total OPEB liability - beginning Total OPEB liability - ending Plan fiduciary net position Contributions - employer Contributions - member Net investment income

$ $

80,172 100,074

$ $

$ $

$ $

2,553,725

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

312

4,030

3,875

4,538

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

- -

- -

- -

- -

312

4,030

3,875

4,538

Benefit payments, including refunds of member contributions Deferred inflows related to OPEB TOTAL DEFERRED INFLOWS OF RESOURCES

- -

- -

- -

- -

(312)

(4,030)

(3,875)

(4,538)

Administrative expense Benefit payments, including refunds of member contributions Net change in fiduciary net position NET POSITION Net investment in capital assets

- - - -

- - - -

- - - -

- - - -

(312)

(4,030)

(3,875)

(4,538)

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

Restricted

Administrative expense

- -

- - - -

-

Plan fiduciary net position - beginning Plan fiduciary net position - ending Unrestricted TOTAL NET POSITION

Net change in fiduciary net position

-

$ $

$ $

$ $

$ $

Plan fiduciary net position - beginning Plan fiduciary net position - ending

$

-

$

$ $

-

$

- -

Net OPEB liability - ending TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION - $ $ 100,074 $ $

80,172

$

84,351 20,922,170 $ - $ $

85,991

Plan fiduciary net position as a percentage of the total OPEB liability

Net OPEB liability - ending

$

100,074

$

80,172

$

84,351

$

85,991

-

-

-

-

Covered payroll Plan fiduciary net position as a percentage of the total OPEB liability

$

565,161

$

420,508

$

420,508

420,508 $

-

-

-

-

Net OPEB liability as a percentage of covered payroll

17.7%

19.1%

20.1%

20.4%

Covered payroll

$

565,161

$

420,508

$

420,508

420,508 $

* The amounts presented for each fiscal year are for those years for which information is available.

Net OPEB liability as a percentage of covered payroll

17.7%

19.1%

20.1%

20.4%

* The amounts presented for each fiscal year are for those years for which information is available.

See accompanying independent auditors' report and notes to financial statements. 53 See accompanying independent auditors' report and notes to financial statements. 13 See accompanying independent auditors' report and notes to financial statements. 53

126