9358-R3_LGP_MechanicFalls_2024AnnualReport

STATEMENT A (CONTINUED) STATEMENT A (CONTINUED)

TOWN OF MECHANIC FALLS, MAINE STATEMENT OF NET POSITION JUNE 30, 2025 TOWN OF MECHANIC FALLS, MAINE STATEMENT OF NET POSITION JUNE 30, 2025

Governmental

Governmental Activities Activities

Business-type

Business-type Activities Activities

Total

Total

LIABILITIES Current liabilities:

LIABILITIES Current liabilities: Accounts payable Accrued expense Accrued liabilities Accrued interest

Accounts payable Accrued expense Accrued liabilities Accrued interest

$

$

51,499 93,216

51,499 93,216

$

$

51,503

51,503

$

$

103,002 93,216

103,002 93,216

-

-

-

-

481 341

481 341

481

481

1,380

1,380

1,721

1,721

Current portion of long-term obligations

Current portion of long-term obligations

124,945 271,040

124,945 271,040

43,064 95,389

43,064 95,389

168,009 366,429

168,009 366,429

Total current liabilities

Total current liabilities

Noncurrent liabilities: Noncurrent portion of long-term obligations: Bonds payable Accrued compensated absences Noncurrent liabilities: Noncurrent portion of long-term obligations: Bonds payable Accrued compensated absences

-

-

43,334 2,313

43,334 2,313

43,334 30,029 140,048 213,411

43,334 30,029 140,048 213,411

27,716 140,048 167,764

27,716 140,048 167,764

-

-

Total noncurrent liabilities Net pension (asset)/liability

Net pension (asset)/liability

Total noncurrent liabilities

45,647

45,647

TOTAL LIABILITIES

TOTAL LIABILITIES

438,804

438,804

141,036

141,036

579,840

579,840

DEFERRED INFLOWS OF RESOURCES Deferred revenues related to leases Deferred inflows related to pension Deferred inflows related to OPEB TOTAL DEFERRED INFLOWS OF RESOURCES DEFERRED INFLOWS OF RESOURCES Deferred revenues 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 NET POSITION Net investment in capital assets Restricted: Nonexpendable trust funds

216,000 15,376

216,000 15,376

- - - -

- - - -

216,000 15,376

216,000 15,376

1,244

1,244

1,244

1,244

232,620

232,620

232,620

232,620

3,813,199

3,813,199

4,190,703

4,190,703

8,003,902

8,003,902

1,755 11,821

1,755 11,821

- - -

- - -

1,755 11,821

1,755 11,821

Expendable trust funds

Expendable trust funds

Grant funds

Grant funds

106

106

106

106

Unrestricted

Unrestricted

3,384,474 7,211,355

3,384,474 7,211,355

439,332 4,630,035

439,332 4,630,035

3,823,806 11,841,390

3,823,806 11,841,390

TOTAL NET POSITION

TOTAL NET POSITION

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION

$

$

7,882,779

7,882,779

$

$

4,771,071

4,771,071

$

$

12,653,850

12,653,850

See accompanying independent auditor’s report and notes to financial statements. 14 See accompanying independent auditor’s report and notes to financial statements. 14

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