8747-R2_ML&P_Hollis_2022-2023_AnnualReport_Web

STATEMENT C

TOWN OF HOLLIS, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2023

Other

Total

General

Poland Spring Road Paving

Governmental

Governmental

Fund

TIF Fund

Projects

Funds

Funds

ASSETS Cash and cash equivalents

$ 10,215,186

$

2,599,643

$

-

$

53,050

$ 12,867,879

Accounts receivable (net of allowance for uncollectibles): Taxes

186,003 33,800 47,036 13,442

- - -

- - -

- - -

186,003 33,800 47,036 4,293,927

Liens Other

Due from other funds

3,636,297 6,235,940

9,344 9,344

634,844 687,894

TOTAL ASSETS

$ 10,495,467

$

$

$

$ 17,428,645

LIABILITIES

Accounts payable Accrued expenses Due to other funds TOTAL LIABILITIES Due to other governments

$

30,096 17,509 26,487

$

- - - - - - - - -

$

- - - - - - - - -

$

- - -

$

30,096 17,509 26,487

4,280,485 4,354,577

13,442 13,442

4,293,927 4,368,019

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

11,460 76,420 108,962 196,842

- - - -

11,460 76,420 108,962 196,842

Deferred revenue Deferred tax revenue

TOTAL DEFERRED INFLOWS OF RESOURCES

FUND BALANCES Nonspendable

- - -

-

-

-

-

Restricted Committed Assigned

6,235,940

9,344

675,195

6,920,479

- - -

- - -

- -

-

1,464,289 4,479,759 5,944,048

1,464,289 4,479,016 12,863,784

Unassigned (deficit)

(743)

TOTAL FUND BALANCES

6,235,940

9,344

674,452

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

$ 10,495,467

$

6,235,940

$

9,344

$

687,894

$ 17,428,645

See accompanying independent auditor’s report and notes to financial statements.

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