8331_NewGloucester_2021-2022_AnnualReport_Web

Town of New Gloucester

Excerpted Financial Statements

Statement of Revenues, Expenditures, and Changes in Fund Balances

Statement 5

Governmental Funds For the Year Ended June 30, 2021

Other

Total

General

TIF

Governmental Governmental

Fund

District

Funds

Funds

Revenues

Property taxes Excise taxes

$ 8,241,424 1,335,550 1,006,219 282,912 85,129 54,930 12,475 11,018,639 540,784 734,149 1,377,644 45,881 187,289 114,711 1,404,047 5,698,997 Ͳ 10,103,502

Ͳ $ Ͳ Ͳ Ͳ Ͳ 4,711 Ͳ 4,711 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ

Ͳ $ Ͳ 32,927 93,225 Ͳ 950 27,419 154,521 Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ 344,908 344,908

$ 8,241,424 1,335,550 1,039,146 376,137 85,129 60,591 39,894 11,177,871 540,784 734,149 1,377,644 45,881 187,289 114,711 1,404,047 5,698,997 344,908 10,448,410

Intergovernmental Charges for services

Licenses, permits, and fees

Interest income Other revenue

Total revenues

Expenditures General government

Public safety Public works

Community services

Recreation

Planning and code enforcement

Town Ͳ wide Education Unclassified

Total expenditures

Revenue surplus (deficit)

915,137

4,711

(190,387)

729,461

Other Financing Sources (Uses) Transfers in

268,193 (550,689) (282,496)

290,000 (82,500) 207,500

260,689 (185,693) 74,996

818,882 (818,882) Ͳ

Transfers out

Net other financing sources (uses)

Net Change in Fund Balances

632,641

212,211

(115,391)

729,461

Beginning Fund Balances

4,101,202

909,162

2,033,972

7,044,336

Ending Fund Balances

$ 1,121,373

$ 1,918,581

$ 7,773,797

$ 4,733,843

These excerpted financial statements do not provide complete information of the Town’s activities and financial position. Refer to the complete set of financial statements and required note disclosures for more information.

58