9031-R3_CC_Hollis_2023-2024_AnnualReport_Web

STATEMENT C

TOWN OF HOLLIS, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2024

Moved from

Moved to

Other

Total

Nonmajor Funds

Nonmajor Funds

General

Poland Spring Road Paving

Governmental

Governmental

Fund

ARPA

TIF Fund

Projects

Funds

Funds

ASSETS Cash and cash equivalents

8,015,654 $

$

-

6,611,105 $

$

-

$

54,662

14,681,421 $

Accounts receivable (net of allowance for uncollectibles): Taxes

181,913 43,932 47,639 14,382

- - -

- - -

- - - - - - - - - - - - - - - - - - - -

- - -

181,913 43,932 47,639

Liens Other

Due from other funds

495,597 495,597

602,016

148,591 203,253

1,260,586

TOTAL ASSETS

8,303,520 $

$

7,213,121 $

$

$

16,215,491 $

LIABILITIES

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

$

13,492 68,669 26,172

$

- - - - -

$

- - - - - - - - -

$

$

- - -

$

13,492 68,669 26,172

1,246,204 1,354,537

14,382 14,382

1,260,586 1,368,919

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

16,819 64,356 108,962 190,137

-

- - - -

16,819 559,953 108,962 685,734

Deferred revenue Deferred tax revenue

495,597

-

TOTAL DEFERRED INFLOWS OF RESOURCES

495,597

FUND BALANCES Nonspendable

- - -

- - - - - -

-

-

-

Restricted Committed Assigned

7,213,121

189,614

7,402,735

- - -

- -

-

720,790 6,038,056 6,758,846

720,790 6,037,313 14,160,838

Unassigned (deficit)

(743)

TOTAL FUND BALANCES

7,213,121

188,871

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

8,303,520 $

$

495,597

7,213,121 $

$

-

$

203,253

16,215,491 $

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

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