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 SCHEDULE 1 TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE - BUDGETARY BASIS

BUDGET AND ACTUAL - GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2025

2024

2025

(Restated)

Assets: Current Assets

Variance Positive (Negative)

$ 8,865,801

$ 9,280,915

Budgeted Amounts

Actual

Noncurrent Assets - Capital Assets

9,248,595 Final

8,908,210

Original

Amounts

Total Assets

18,114,396 18,189,125

Budgetary Fund Balance, July 1

$ 7,357,343 $ 7,357,343 $ 7,357,343

$

-

Deferred Outflows of Resources: Deferred Outflows Related to OPEB Deferred Outflows Related to Pension Total Deferred Outflows of Resources

Resources (Inflows): Property taxes

73,868 675,843 749,711 2,034,000 1,881,324 818,250 272,500 666,809 1,678,621 2,345,430 10,000

91,697 519,729 611,426

15,645,816 15,645,815

15,739,222 2,236,386 1,944,074

93,407 202,386 62,750 177,884 71,603 68,355 676,385 156,632 155,141 69,852 81,001

Excise taxes

2,034,000 1,881,324 818,250 272,500

Liabilities: Current Liabilities Noncurrent Liabilities Amounts Available for Appropriation Charges to Appropriations (Outflows): General government Total Liabilities Intergovernmental Charges for services Investment income Miscellaneous revenues

996,134

992,135 1,583,937 2,576,072 344,103 78,355

10,000

28,019,233 28,019,232

28,695,617

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

3,263,602 3,706,638 1,128,358

41,053 3,402,702 3,828,553 1,135,558 168,860 - 149,234 149,237 339,524 1,538,459 537,053

3,246,070 3,673,412 1,065,706 10,206,819 1,461,545

32,366 184,565 158,838 162,227 537,996 87,859

Public safety

Health and welfare Recreation and culture

83,340

Education Public works County tax Unclassified Debt service: Principal

10,206,819 10,206,819

-

1,538,459 537,053

76,914

537,053 49,415

-

91,428

91,428

42,013

8,831,405 60,705 172,085 7,114,958 90,000 9,620 1,521,593

8,237,312 55,100 150,371 7,243,700 90,000 7,249 821,180

90,000 9,620 969,620

-

Interest

2,371

Expendable

Capital outlay

700,413 1,284,337

Unrestricted

$ 16,179,153 15,686,483 $ 21,246,308

Total Net Position Total Charges to Appropriations

21,624,937 22,530,645

Budgetary Fund Balance, June 30

$ 6,394,296 $ 5,488,587 $ 7,449,309 $ 1,960,722

Utilization of assigned fund balance Utilization of unassigned fund balance

$

64,380 $

970,089 898,667

$

- - -

$ (970,089)

898,667

(898,667)

$

963,047 $ 1,868,756

$

$ (1,868,756)

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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