9321-R4_ML&P_TownOfBuxton_2024-2025

TABLE 1

TOWN OF BUXTON, MAINE NET POSITION (EXCERPT FROM MANAGEMENT’S DISCUSSION AND ANALYSIS) JUNE 30, 2025 and 2024 STATEMENT C TOWN OF BUXTON, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2025

2024

2025

(Restated)

$ 8,865,801 Moved to Nonmajor Fund Nonmajor Fund Other Moved to

Assets: Current Assets

Other

Total

$ 9,280,915 Recreation Governmental Governmental

General

Noncurrent Assets - Capital Assets

9,248,595

8,908,210 Funds

Fund

Grants

Activities

Funds

Total Assets ASSETS Cash and cash equivalents

18,114,396 18,189,125

$ 8,050,778

$

- -

$

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

$

28,222 $ 8,079,000

Investments

-

179,063

179,063

Deferred Outflows of Resources: Deferred Outflows Related to OPEB Deferred Outflows Related to Pension Total Deferred Outflows of Resources 253,872 98,964 237,653

Accounts receivable (net of allowance for uncollectibles): Taxes

73,868 675,843 749,711 - - -

91,697 519,729 611,426 - - 11,644

253,872 98,964 249,297

Liens Other

Prepaid items

5,605

- - -

-

5,605

Due from other funds

-

425,926

425,926

Liabilities: Current Liabilities Noncurrent Liabilities

TOTAL ASSETS

$ 8,646,872

$

$

$

644,855 $ 9,291,727

666,809 1,678,621 2,345,430

992,135 1,583,937 2,576,072

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

Total Liabilities

$

153,181 279,492 425,926 865,635 7,036

$

- - -

$

$

- - -

$ 153,181

279,492

Deferred Inflows of Resources: Prepaid Taxes Deferred Revenue - ARPA Deferred Inflows Related to OPEB Deferred Inflows Related to Pension Total Deferred Inflows of Resources Net Position: Net Investment in Capital Assets Restricted: Nonexpendable

7,036

41,053 -

32,366 184,565 158,838 162,227 537,996 - - -

425,926 865,635

-

-

149,234 149,237 339,524 -

DEFERRED INFLOWS OF RESOURCES Prepaid taxes

41,053 290,875 331,928

- - -

41,053 290,875 331,928

Deferred tax revenues

- -

- -

TOTAL DEFERRED INFLOWS OF RESOURCES

FUND BALANCES Nonspendable

8,831,405 60,705 172,085 7,114,958 - - - -

8,237,312 55,100 55,100 150,371 7,243,700 172,085 18,824 400,183

5,605

- - - -

60,705 172,085 18,824 991,904 6,850,646 8,094,164

Restricted Committed Assigned

- -

Expendable

Unrestricted

591,721 6,851,983 7,449,309

Total Net Position

$ 16,179,153 15,686,483 $ - - (1,337)

Unassigned (deficit) TOTAL FUND BALANCES

-

-

644,855

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

$ 8,646,872

$

-

$

-

$

644,855 $ 9,291,727

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

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

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