9032-R1_ML&P_BuxtonAnnualReport_2023-2024_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS STATEMENT E TOWN OF BUXTON, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016 BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2024

Variance Positive (Negative)

Budgeted Amounts

Actual Amounts Other

Total

Original

Final

General

Other

Recreation

Governmental Governmental

Budgetary Fund Balance, July 1

2,628,940 $ Grants

2,628,940 $ Activities

2,628,940 $ Funds

$ Funds

-

Fund

Resources (Inflows): Property taxes

REVENUES Taxes: Property

9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797

36,405 194,797

Excise taxes

14,461,112 $

$

- -

$

- - -

$

- -

14,461,112 $

Intergovernmental: State revenue sharing

Excise

2,129,670 1,740,748 994,699 377,470 19,703,699

2,129,670 2,498,216 1,337,280 428,803 20,855,081

284,169 116,420 110,000

284,169 116,420 110,000

306,044 115,414 109,628 463 14,480 47,482 8,424 34,338 591,379 13,032 36,859 17,841 - 62,425 924 718,252 70,314 - 30,131 804,178 432,656 25,657 - - 90,000 23,542 231,547 59,197 42,925 19,500 - - - - -

21,875 (1,006)

Intergovernmental Charges for services Miscellaneous revenues

757,005

Homestead

-

328,101

Local road assistance

(372) (76)

3,851

-

Tree growth

8,500 2,000 4,611

8,500 2,000 4,611

TOTAL REVENUES

760,856

328,101

General assistance

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

Other

EXPENDITURES Current:

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

495,997 3,500 18,000 18,000

495,997 3,500 18,000 18,000

General government

2,705,775 3,267,921 1,071,012 9,454,008 1,419,761 503,049 81,506

- - - - - - -

- - - - - - - - - -

2,705,775 3,267,921 1,083,806 419,021 9,454,008 1,419,761 503,049 862,984

(159)

Public safety

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

14,991,426

14,991,426

15,395,314 12,794

403,888

Health and welfare Recreation and culture

337,515

Education Public works County tax Unclassified Debt service: Principal

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

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

Public safety

Health and welfare Recreation and culture

713,437 67,135

713,437 93,559

73,931

758,922

Education Public works County tax Unclassified Debt service: Principal

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

-

970,588 1,042,287

238,109

90,000 14,096 701,698

- - -

90,000 14,096 701,698

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

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

-

Interest

64,981

Capital outlay

TOTAL EXPENDITURES

19,382,757

758,922

337,515

20,522,119

- -

Interest

Capital outlay NET CHANGE IN FUND BALANCES

320,942

1,934

(9,414)

332,962

54,297

Transfers to other funds

-

Total Charges to Appropriations FUND BALANCES - JULY 1, AS PREVIOUSLY REPORTED

7,036,401

-

-

12,328,742 1,070,440

8,106,841

12,602,559

12,785,823

457,081

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

2,388,867 $

2,205,603 $ 190,572

3,066,572 $ (696,704)

$ $

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

CHANGE WITHIN REPORTING ENTITY ERROR CORRECTION - ARPA

- - -

506,132 (482,208)

-

-

(482,208) (482,208)

$

240,073

$

255,073 168,264 423,337

$

- - -

23,924

190,572

(696,704)

-

$

240,073

$

$

$

FUND BALANCES - JULY 1, AS RESTATED

7,036,401

23,924

190,572

373,736

7,624,633

FUND BALANCES - JUNE 30

7,357,343 $

$

25,858

$

181,158

393,236 $

7,957,595 $

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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