8331_NewGloucester_2021-2022_AnnualReport_Web

Town of New Gloucester

Excerpted Financial Statements

Budgetary Comparison Schedule

Schedule 1

General Fund For the Year Ended June 30, 2021

Positive

Original

Final

(Negative)

Budget

Budget

Actual

Funds

Revenues

Property taxes Excise taxes

$ 8,060,345 957,000 845,174 194,626 66,500 68,000 4,000 10,195,645 535,616 738,377 1,356,441 46,196 88,852 61,027 1,678,639 5,698,997 10,204,145

$ 8,222,424 957,000 845,174 194,626 66,500 68,000 4,000 10,357,724 539,490 738,377 1,361,259 46,196 190,885 121,073 1,678,639 5,698,997 10,374,916

$ 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 10,103,502

$ 19,000 378,550 161,045 88,286 18,629 (13,070) 8,475 660,915 (1,294) 4,228 (16,385) 315 3,596 6,362 274,592 Ͳ 271,414

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

Total expenditures

Revenue surplus (deficit)

(8,500)

(17,192)

915,137

932,329

Other Financing Sources (Uses) Transfers in

259,500 (501,000) (241,500)

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

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

Ͳ Ͳ Ͳ

Transfers out

Net other financing sources (uses)

Net Change in Fund Balance

$ (299,688)

$ 632,641

$ 932,329

$ (250,000)

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.

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