9032-R1_ML&P_BuxtonAnnualReport_2023-2024_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS STATEMENT C TOWN OF BUXTON, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2024 BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016

Variance Positive (Negative)

Other

Total

Budgeted Amounts

Actual

Original

Final Recreation Activities

Amounts Governmental Governmental

General

Other Grants

Fund

Funds

Funds

Budgetary Fund Balance, July 1

2,628,940 $

2,628,940 $

2,628,940 $

$

-

ASSETS Cash and cash equivalents

Resources (Inflows): Property taxes

8,090,489 $

$

-

$

-

$

46,637

8,137,126 $

9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797 - - 172,680

36,405 194,797

Investments

-

172,680

Excise taxes

Intergovernmental: State revenue sharing Accounts receivable (net of allowance for uncollectibles): Taxes

304,489 171,398 308,732 3,755 20,451

- - - -

284,169 116,420 110,000 - - 1,155 8,500 2,000 4,611 - 495,997 3,500 18,000 18,000 180,003

306,044 115,414 109,628 - -

304,489 171,398 309,887

284,169 116,420 110,000

21,875 (1,006)

Homestead

Liens Other

Local road assistance

(372) (76)

- -

Tree growth

8,500 2,000 4,611

8,424

Other Due from other funds TOTAL ASSETS Prepaid expenses LIABILITIES Accounts payable Accrued expense Due to other funds TOTAL LIABILITIES Due to other governments

3,755

General assistance

924

(1,076) 29,727 95,382 9,532 18,859

210,423

194,370

605,247

34,338 591,379 13,032 36,859 17,841

8,899,314 $

495,997 210,423 $

181,158 $

413,687 $

9,704,582 $

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

3,500 18,000 18,000

(159)

342,649 $

$

- - -

$

- - -

$

- - -

342,649 $

Amounts Available for Appropriation Charges to Appropriations (Outflows): General government

14,991,426

14,991,426

15,395,314

403,888

303,801

303,801

279

279

1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601 - - 20,451

94,327 (13,063) (4,815) 23,245

584,796 1,231,525

605,247 1,251,976

Public safety

-

-

718,252 70,314 20,451 804,178 432,656 25,657 - - 90,000 23,542 231,547 59,197 55,100 - -

Health and welfare Recreation and culture

713,437 67,135

713,437 93,559

Education Public works County tax Unclassified Debt service: Principal

6,609,536 6,609,536 6,609,536

-

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

970,588 1,042,287

238,109

32,366

-

-

32,366 184,565 278,080 495,011

432,656 69,993 90,000 23,542 272,083 59,197

432,656 90,638 - 90,000 23,542 285,844 59,197 - -

-

Deferred revenue - ARPA Deferred tax revenues

-

184,565

64,981

278,080 310,446

-

TOTAL DEFERRED INFLOWS OF RESOURCES

184,565

- -

Interest

FUND BALANCES Nonspendable

Capital outlay

54,297

Transfers to other funds

-

- - -

-

- - -

$ $ 55,100 150,371 18,774 1,347,433 6,385,917 7,957,595

Total Charges to Appropriations

12,602,559

12,785,823

12,328,742 124,513 3,066,572 $ 18,774 196,186

457,081

Restricted Committed Assigned

25,858

- - -

Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance

2,388,867 $

2,205,603 $ 181,158

860,969 (255,073) (168,264) (423,337)

$ 6,387,254 7,357,343 970,089

240,073

$

255,073 168,264 423,337 - 181,158

$

- - -

Unassigned (deficit)

(1,337)

-

TOTAL FUND BALANCES

25,858

393,236

$

240,073

$

$

$

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

8,899,314 $

210,423 $

181,158 $

413,687 $

9,704,582 $

See accompanying independent auditors’ report and notes to financial statements.

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

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