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STATEMENT C
TOWN OF BUXTON, MAINE
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2014
See accompanying independent auditors’ report and notes to financial statements.
Total
General
Nonmajor Governmental
Fund
Funds
Funds
ASSETS
Cash and cash equivalents
2,776,247
$
284,146
$
3,060,393
$
Investments
-
161,261
161,261
Accounts receivable (net of allowance for uncollectibles):
Taxes
315,965
-
315,965
Liens
144,400
-
144,400
Other
53,493
2,497
55,990
Due from other funds
9,751
140,025
149,776
TOTAL ASSETS
3,299,856
$
587,929
$
3,887,785
$
LIABILITIES
Accounts payable
121,426
$
6,833
$
128,259
$
Accrued payroll
67,284
-
67,284
Accrued expense
3,895
-
3,895
Due to other funds
140,025
9,751
149,776
TOTAL LIABILITIES
332,630
16,584
349,214
DEFERRED INFLOWS OF RESOURCES
Prepaid taxes
16,760
-
16,760
Deferred tax revenues
304,294
-
304,294
TOTAL DEFERRED INFLOWS OF RESOURCES
321,054
-
321,054
FUND BALANCES
Nonspendable
-
55,100
55,100
Restricted
-
157,811
157,811
Committed
-
199,437
199,437
Assigned
126,134
166,164
292,298
Unassigned
2,520,038
(7,167)
2,512,871
TOTAL FUND BALANCES
2,646,172
571,345
3,217,517
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
3,299,856
$
587,929
$
3,887,785
$
STATEMENT C
TOWN OF BUXTON, MAINE
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2014
See accompanying independent auditors’ report and notes to financial statements.
Total
General
Nonmajor Governmental
Fund
Funds
Funds
ASSETS
Cash and cash equivalents
2,776,247
$
284,146
$
3,060,393
$
Investments
-
161,261
161,261
Accounts receivable (net of allowance for uncollectibles):
Taxes
315 965
-
315 965
Li ns
144,400
-
44 400
Other
53,493
2,497
55,990
Due from other funds
9 751
140,025
149 776
TOTAL ASSETS
3,299 856
$
587,929
$
3,887 785
$
LIABILITIES
Accounts payable
121,426
$
6,833
$
128,259
$
Accrued payroll
67,284
-
67,284
Accrued expense
3,895
-
3,895
Due to other funds
40 0 5
9 751
49 776
TOTAL LIABILITIES
332 630
16,584
349 1
DEFERRED INFLOWS OF RESOURCES
Prepaid taxes
16 76
-
16 760
Deferred tax revenues
304,294
-
304,294
TOTAL D FERRED INFLOWS F ESOURCES
321,054
-
321,054
FUND BALANCES
Nonspendable
-
55,100
55 100
Restricted
-
157,811
157,811
Committed
-
199,437
199,437
Assign d
126,134 166 64
292 298
Unassigned
2,520,038
( 167)
2,512 7
TOTAL FUND BALANCES
2,646,172 571 345
3,217 51
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES ND FUND BALANCES
3 299 856
$
87 929
$
88 785
$