7998-R1_ML&P_Hollis_2020-2021_AnnualReport_Web

STATEMENT A (CONTINUED)

TOWN OF HOLLIS, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2021 TOWN OF HOLLIS, MAINE STATEMENT OF NET POSITION JUNE 30, 2021 Governmental Activities TOWN OF HOLLIS, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET O THE STATEMENT OF NE POSITION JUNE 30, 2021

STATEMENT D

STATEMENT D

LIABILITIES

Total Governmental Funds

Current liabilities:

Total Governmental Funds 27,675 11,208 14,768 10,463,918 $ 353,651

Accounts payable Accrued expenses

$

Due to other governments

Current portion of long-term obligations

300,000 10,463,918 $

Total Fund Balances

Total Fund Balances Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in g vernmental activities are not financial resources and therefore are not r ported in the funds, net of accumulated depreciation Other long-t rm assets are not available to pay for current perio expenditures and therefore are deferred in the funds shown above: Taxes a lien receivable Deferred outflows of r sources related to OPEB are not financial resourc s and therefor are not r ported in the funds Long-term oblig tions are not due and ayable in the current period and therefor ar not reported in the funds: Bond payable Deferr d inflows of resources related to OPEB are not financial resources and therefor are ot reported in the funds Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Long-term obligations are not due and payable in the current period and therefore are not reported in the funds: Bond payable Deferred inflows of resources related to OPEB are not financial resources and therefore are not reported in the funds Noncurrent liabilities: Noncurr nt portion of long-term obligations: Bond payable N t OPEB liability Total noncurrent liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES Prepaid taxes Deferred revenue Deferred inflows related to OPEB TOTAL DEFERRED INFLOWS OF RESOURCES NET OSITION N t investment in capital ass ts Restricted Net OPEB li ility Net OPEB liability Total current liabilities

2,100,000 10,251,387

10,251,387 100,074

2,200,074

70,276

2,553,725

70,276

22,523

22,523

8,831 51,584 23,977

(2,400,000)

(2,400,000) (100,074) 84,392 (100, 74) (23,9 7)

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

(23,977)

Net position of governmental activities TOTAL NET POSITION Net position of governmental activities Unrestricted

18,284,053 $ 18,284,053

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION

20,922,170 $

90 See accompanying independent auditors' report and notes to financial statements. 17 See accompanying independent auditors' report and notes to financial statements. 13 See accompanying independent auditors' report and notes to financial statements. 17