4072-R2_ML&P_TownOfBuxton
SCHEDULE 1
TOWN OF BUXTON, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2016 TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016
STATEMENT C
Variance Positive (Neg tive)
Total
Budgeted Amounts
Actual
General
Nonmajor
Governmental
Original
Final
Amounts
Fund
Funds
Funds
ASSETS Cash and cash equivalents Resources (Inflows): Property taxes Investments
Budgetary Fund Balance, July 1
2,628,940 $
2,628,940 $
2,628,940 $
$
-
3,455,637 $
$
214,389 163,514
3,670,026 $
-
163,514
9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797
36,405 194,797
Accounts receivable (net of allowance for uncollectibles): Taxes Excis t xes
287,019 132,349 129,207 278,137
- -
287,019 132,349 141,632 951,790
Intergovernmental: State revenue sharing
Liens Other
284,169 116,420 110,000
284,169 116,420 110,000
306,044 115,414 109,628
21,875 (1,006)
12,425 673,653
Homestead
Due from other funds
Local roa assistance
(372) (76)
TOTAL ASSETS
4,282,349 $ 8,500
1,063,981 $
5,346,330 $
Tree growth
8,500 2,000 4,611
8,424
General assistance
2,000 4,611
924
(1,076) 29,727 95,382 9,532 18,859
LIABILITIES Accounts payable Other Due to other funds TOTAL LIABILITIES Due to other governments Investment income Interest fees on taxes Charges for services Miscellaneous revenues
$ 34,338 591,379 13,032 36,859 17,841 -
$ 495,997 3,500 18,000 18,000
$ 495,997 3,500 18,000 18,000
256,480
500
256,980
1,966
1,966
673,653 932,099
278,137 278,637
951,790 1,210,736
(159)
Amounts Available for Appropriation
14,991,426
14,991,426
15,395,314
403,888
DEFERRED INFLOWS OF RESOURCES Prepaid taxes Charges to Appropriations (Outflows): General government
28,983 254,695 283,678
- - -
28,983 254,695 283,678
1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601
94,327 (13,063) (4,815) 23,245
Deferred tax revenues Public safety
TOTAL DEFERRED INFLOWS OF RESOURCES Health and welfare
713,437 67,135
713,437 93,559
- 90,000 23,542 231,547 59,197 8 4,178 432,656 25,657 718,252 70,314
Recreation and culture
FUND BALANCES Nonspendable Education
6,609,536 6,609,536 6,609,536
-
Pu lic works County tax Unclassified Debt service: Principal
970,588 1,042,287
238,109
- - -
55,100 156,050 186,065 388,129
55,100 156,050 186,065 571,393
432,656 69,993 90,000 23,542 272,083 59,197
432,656 90,638 90,000 23,542 285,844 59,197
-
Restricted Committed Assigned Unassigned
64,981
183,264 2,883,308 3,066,572
- -
2,883,308 3,851,916
TOTAL FUND BALANCES Interest
785,344
Capital outlay
54,297
TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Transfers to other funds Total Charges to Appropriations
-
12,602,559
12,785,823
12,328,742
457,081
4,282,349 $
1,063,981 $
5,346,330 $
Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance
2,388,867 $
2,205,603 $
3,066,572 $
$ $
860,969 (255,073) (168,264) (423,337)
$
240,073
$
255,073 168,264 423,337
$
- - -
-
$
240,073
$
$
$
See accompanying independent auditors’ report and notes to financial statements.
See accompanying independent auditors’ report and notes to financial statements.
49
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