8646-R1_NewGloucester_2022-2023_AnnualReport_Web

Exhibit 1

Town of New Gloucester, Maine General Fund Budgetary Comparison Schedule For the Year Ended June 30, 2022

Variance with Final Budget

Budgeted Amounts

Original

Final

Actual Amounts

Positive (negative)

REVENUES:

Property taxes Excise taxes

$

8,429,978 1,057,000 888,289

$

8,429,978 1,057,000 890,632

$

8,404,590 1,366,376 1,369,747

$

(25,388) 309,376 479,114 (24,614) 74,075 30,117 28,218 870,899 150,113 27,283 (19,788) (3,434) 89,596

Intergovernmental revenue

Interest income Charges for services Licenses and permits

55,500 205,700 44,000 35,500

55,500 205,700 44,000 35,500

30,886 279,775 74,117 63,718

Other revenues

Total revenues

10,715,967

10,718,310

11,589,209

EXPENDITURES:

General government

1,448,384 828,757 1,121,499 265,163 5,788,593 391,716 362,932 212,762 264,100 10,683,906

1,448,384 828,757 1,123,224 265,163 5,788,593 391,716 362,932 215,105 1,250,690 11,674,565

1,298,271 801,474 1,143,012 268,597 5,698,997 391,716 362,710 211,442 1,238,292 11,414,512

Public safety Public works Education County tax Debt service Transfer station

-

222

Culture and recreation

3,663 12,398 260,053

Other

Total expenditures

Excess (deficiency) of revenues over (under) expenditures

32,061

(956,255)

174,697

1,130,952

OTHER FINANCING SOURCES (USES): Operating transfers in

255,376 (748,357)

877,798

880,861

(3,063)

Operating transfers (out)

(1,398,581)

(1,398,581)

- -

Proceeds from issuance of bond payable

-

450,000 (70,783)

450,000 (67,720)

Total other financing sources

(492,981)

(3,063)

Net changes in fund balances

106,978

FUND BALANCES - BEGINNING

4,733,843

FUND BALANCES - ENDING

$

4,840,821

32

See notes to required supplementary information.

57