7548-R1_NewGloucester_2019-2020_AnnualReport_Web

STATEMENT A (CONTINUED)

TOWN OF NEW GLOUCESTER, MAINE STATEMENT OF NET POSITION JUNE 30, 2019

Governmental Activities

LIABILITIES Current liabilities:

Accounts payable Accrued expenses

$

268,944 11,652 189,240 469,836

Current portion of long-term obligations

Total current liabilities

Noncurrent liabilities: Noncurrent portion of long-term obligations: Bond payable

4,230,000 80,550 306,617 156,912 4,774,079

Accrued compensated absences

Net pension liability Net OPEB liability

Total noncurrent liabilities

TOTAL LIABILITIES

5,243,915

DEFERRED INFLOWS OF RESOURCES Prepaid taxes Deferred inflows related to pensions Deferred inflows related to OPEB TOTAL DEFERRED INFLOWS OF RESOURCES

15,810 127,530 12,701 156,041

NET POSITION Net investment in capital assets Restricted: Special revenue funds

4,222,912 786,148 7,541,284 12,551,970 1,626

Capital projects funds

Unrestricted

TOTAL NET POSITION

TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION

$ 17,951,926

See accompanying independent auditors' report and notes to financial statements. 13

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