9358-R3_LGP_MechanicFalls_2024AnnualReport
Government-Wide Financial Analysis Our analysis below focuses on the net position and changes in net position of the Town's governmental activities. The Town's total net position for governmental activities increased by $871,294 from $6,340,061 to $7,211,355. For the business-type activities, total net position increased by $44,831 from $4,585,204 to $4,630,035. Unrestricted net position - the part of net position that can be used to finance day to-day operations without constraints established by debt covenants, enabling legislation or other legal requirements - decreased for governmental activities to a balance of $3,384,474 and increased for the business-type activities to a balance of $439,332. Government-Wide Financial Analysis Our analysis below focuses on the net position and changes in net position of the Town's governmental activities. The Town's total net position for governmental activities increased by $871,294 from $6,340,061 to $7,211,355. For the business-type activities, total net position increased by $44,831 from $4,585,204 to $4,630,035. Unrestricted net position - the part of net position that can be used to finance day to-day operations without constraints established by debt covenants, enabling legislation or other legal requirements - decreased for governmental activities to a balance of $3,384,474 and increased for the business-type activities to a balance of $439,332.
Table 1 Town of Mechanic Falls, Maine Net Position June 30/December 31, Table 1 Town of Mechanic Falls, Maine Net Position June 30/December 31,
Governmental Activities Governmental Activities
Business-type Activities
Business-type Activities
2024
2023
2024
2023
2025
(Restated)
2024
(Restated)
2025
(Restated)
2024
(Restated)
Assets: Current Assets Assets:
$
3,653,129 3,928,906 208,800 7,790,835 208,800
$
3,744,142 3,089,606 216,000 7,049,748
$
494,378 4,276,693 $
$ 379,171 4,374,878
379,171 4,374,878
$
3,653,129 3,928,906
$
3,744,142 3,089,606 216,000 7,049,748
$
494,378 4,276,693
Noncurrent Assets - Capital Assets Noncurrent Assets - Lease Receivable
-
-
-
-
Total Assets
4,771,071
4,754,049
7,790,835
4,771,071
4,754,049
Deferred Outflows of Resources: Deferred Outflows Related to Pension Deferred Outflows Related to OPEB Total Deferred Outflows of Resources
91,150
58,630 1,185 59,815
- - -
741
91,150
58,630 1,185 59,815
- - -
741
794
-
794
-
91,944
741
91,944
741
Liabilities: Current Liabilities Noncurrent Liabilities Liabilities: Current Liabilities Noncurrent Liabilities Total Liabilities Total Liabilities
271,040 167,764 438,804
237,447 241,310 478,757
95,389 45,647 141,036
82,051 87,535 169,586
271,040 167,764 438,804
237,447 241,310 478,757
95,389 45,647 141,036
82,051 87,535 169,586
Deferred Inflows of Resources: Prepaid Taxes Deferred Revenue ARPA Deferred Revenue Related to Leases Deferred Inflows Related to Pension Deferred Inflows Related to OPEB Total Deferred Inflows of Resources Net Position: Net Investment in Capital Assets Restricted: Nonexpendable trust funds Deferred Inflows of Resources: Prepaid Taxes Deferred Revenue ARPA Deferred Revenue Related to Leases Deferred Inflows Related to Pension Deferred Inflows Related to OPEB Total Deferred Inflows of Resources Net Position: Net Investment in Capital Assets Restricted: Nonexpendable trust funds Expendable trust funds
- -
13,871 14,230 223,200 38,603
- - - - - -
- - - - - -
- -
13,871 14,230 223,200 38,603 841 290,745 841
- - - - - -
- - - - - -
216,000 15,376
216,000 15,376 1,244 1,244 232,620
232,620
290,745
3,813,199
2,860,121
4,190,703
4,246,900
3,813,199 1,755
2,860,121 1,755
4,190,703
4,246,900
- - -
- - -
1,755 11,821 106
1,755 11,271 106
- - -
- - -
11,821
11,271
Expendable trust funds Grant funds
Grant funds
106
106
Unrestricted Unrestricted Total Net Position Total Net Position
3,384,474 7,211,355
3,466,808 6,340,061
439,332
338,304
$
$
$ 4,630,035
$ 4,585,204
3,384,474 7,211,355
3,466,808 6,340,061
439,332
338,304
$
$
$ 4,630,035
$ 4,585,204
74
8
8
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