7998-R1_ML&P_Hollis_2020-2021_AnnualReport_Web

STATEMENT A (CONTINUED) STATEMENT B (CONTINUED)

TOWN OF HOLLIS, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021 TOWN OF HOLLIS, MAINE STATEMENT OF NET POSITION JUNE 30, 2021

TOWN OF HOLLIS, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021

STATEMENT B (CONTINUED)

Governmental Activities

Governmental Activities

LIABILITIES

Governmental Activities $

Current liabilities:

Accounts payable Accrued expenses

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

Changes in net position: Net (expense) revenue Current portion of long-term obligations Total current liabilities Noncurrent liabilities: Noncurrent portion of long-term obligations: Bond payable Changes in et position: Net (expen e) revenue General revenues: Taxes: P operty taxes, levi d f r eneral purposes Excise taxes Grants and contributions not restricted to specific programs General revenues: Taxes: Property taxes, levied for general purposes Grants and contributions not restricted to specific programs Miscellaneous Excise taxes Due to other governments Net OPEB liability Total noncurrent liabilities

(8,306,152)

(8,306,152)

7,517,728 1,163 5 1,165,078 194 4 1

7,517,728 1,163,557 1,165,078 194,461 10,040,824

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

TOTAL LIABILITIES

2,553,725

Miscellaneous Total general revenues

10,040,82

Total general revenues DEFERRED INFLOWS OF RESOURCES Prepaid taxes Ch nge in net position Change in net position Deferred inflows related to OPEB NET POSITION - JULY 1, RESTATED NET POSITION - JULY 1, RESTATED TOTAL DEFERRED INFLOWS OF RESOURCES Deferred revenue

1,734,672

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

1,734,672

16,549,381

16,549,381

NET POSITION Net investment in capital assets NET POSITION - JUNE 30

18,284,053 $

NET POSITION - JUNE 30

18,284,053 $

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

Restricted Unrestricted

TOTAL NET POSITION

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION

20,922,170 $

88 See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 13 See accompanying independent auditors' report and notes to financial statements. 15