5584-R1_NewGloucester_2016-2017_AnnualReport_Web

STATEMENT D STATEMENT D STATEMENT D

STATEMENT

TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017

Total Governmental Funds Total Governmental Funds Total Governmental Funds

Total Governmenta Funds

Total Fund Balances Total Fund Balances Total Fund Balances

$ 5,885,856 $ 5,885,856 $ 5,885,856

Total Fund Balances

$ 5,885,856

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Accrued compensated absences Total Fund Balances Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Accrued compensated absences Net pension liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Accrued compensated absences Net pension liability Accrued compensated absences Net pension liability Net pension liability Net pension liability Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Amounts reported for governmental activities in the Statement of Net Position are different because: Accrued compensated absences Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds

6,271,958 6,271,958

6,271,958

6,271,958

172,000 172,000 365,001 365,001 (140,000) (76,774) (610,031) (140,000) (76,774) (610,031) (147,874) (147,874) 172,000 365,001 (140,000) (76,774) (610,031) (147,874)

172,000

365,001

(140,000 (76,774 (610,031

(147,874

Net position of governmental activities Net position of governmental activities Net position of governmental activities Net position of governmental activities

$ 11,720,136 $ 11,720,136 $ 11,720,136

Net position of governmental activities

$ 11,720,136

See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15

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