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 E TOWN OF BUXTON, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND

BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2025

2024

2025

(Restated)

Assets: Current Assets

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

$ 9,280,915 Other

Total

Noncurrent Assets - Capital Assets

9,248,595 Other

8,908,210 Recreation Governmental Governmental

General

Total Assets

18,114,396 18,189,125 Grants Activities Funds

Fund

Funds

REVENUES Taxes: Property

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

$ 15,739,222

$

-

$

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

$

-

$ 15,739,222

73,868 675,843 749,711 - -

91,697 519,729 611,426 - 28,642 398,211

Excise

2,236,386 1,944,074 996,134 422,458 21,338,274

2,236,386 1,972,716 1,394,345 477,296 21,819,965

Intergovernmental Charges for services Miscellaneous revenues

- - -

54,838 481,691

Liabilities: Current Liabilities Noncurrent Liabilities

TOTAL REVENUES

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

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

EXPENDITURES Current:

Total Liabilities

General government

3,246,070 3,673,412 1,065,706 10,206,819 1,461,545 87,859

- - - - -

- -

3,246,070 3,673,412 1,084,511 10,206,819 1,461,545 87,859

Public safety

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

Health and welfare Recreation and culture

18,805

41,053 -

32,366 184,565 158,838 162,227 537,996 - - - - 602,849

-

Education Public works County tax Unclassified Debt service: Principal

149,234 149,237 339,524 - -

537,053 49,415 90,000 7,249 821,180

537,053 652,264 90,000 7,249 821,180

- -

- -

Interest

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

8,237,312 - 55,100 150,371 7,243,700 621,654 (139,963)

Capital outlay

TOTAL EXPENDITURES

21,246,308

21,867,962

Expendable

Unrestricted NET CHANGE IN FUND BALANCES

91,966

-

(47,997)

Total Net Position FUND BALANCES - JULY 1, AS PREVIOUSLY REPORTED

$ 16,179,153 15,686,483 $

7,357,343

25,858

181,158

393,236

7,957,595

FUND BALANCE CORRECTION

- - -

-

-

184,566 207,016 391,582

184,566

CHANGE WITHIN FINANCIAL REPORTING ENTITY

(25,858) (25,858)

(181,158) (181,158)

-

184,566

FUND BALANCES - JULY 1, AS RESTATED

7,357,343

-

-

784,818

8,142,161

FUND BALANCES - JUNE 30

$ 7,449,309

$

-

$

-

$ 644,855 $ 8,094,164

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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