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SCHEDULE 1
TOWN OF BUXTON, MAINE
BUDGETARY COMPARISON SCHEDULE
–
BUDGETARY BASIS
BUDGET AND ACTUAL
–
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2016
See accompanying independent auditors’ report
and notes to financial statements.
Variance
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
2,628,940
$
2,628,940
$
2,628,940
$
-
$
Resources (Inflows):
Property taxes
9,921,289 9,921,289 9,957,694
36,405
Excise taxes
1,380,000 1,380,000 1,574,797
194,797
Intergovernmental:
State revenue sharing
284,169
284,169
306,044
21,875
Homestead
116,420
116,420
115,414
(1,006)
Local road assistance
110,000
110,000
109,628
(372)
Tree growth
8,500
8,500
8,424
(76)
General assistance
2,000
2,000
924
(1,076)
Other
4,611
4,611
34,338
29,727
Charges for services
495,997
495,997
591,379
95,382
Investment income
3,500
3,500
13,032
9,532
Interest fees on taxes
18,000
18,000
36,859
18,859
Miscellaneous revenues
18,000
18,000
17,841
(159)
Amounts Available for Appropriation
14,991,426
14,991,426
15,395,314
403,888
Charges to Appropriations (Outflows):
General government
1,514,684 1,552,589 1,458,262
94,327
Public safety
1,779,708 1,792,538 1,805,601
(13,063)
Health and welfare
713,437
713,437
718,252
(4,815)
Recreation and culture
67,135
93,559
70,314
23,245
Education
6,609,536 6,609,536 6,609,536
-
Public works
970,588 1,042,287
804,178
238,109
County tax
432,656
432,656
432,656
-
Unclassified
69,993
90,638
25,657
64,981
Debt service:
Principal
90,000
90,000
90,000
-
Interest
23,542
23,542
23,542
-
Capital outlay
272,083
285,844
231,547
54,297
Transfers to other funds
59,197
59,197
59,197
-
Total Charges to Appropriations
12,602,559
12,785,823
12,328,742
457,081
Budgetary Fund Balance, June 30
2,388,867
$
2,205,603
$
3,066,572
$
860,969
$
Utilization of unassigned fund balance
240,073
$
255,073
$
-
$
(255,073)
$
Utilization of assigned fund balance
-
168,264
-
(168,264)
240,073
$
423,337
$
-
$
(423,337)
$
Budgeted Amounts
SCHEDULE 1
TOWN OF BUXTON, MAINE
BUDGETARY COMPARISON SCHEDULE
–
BUDGETARY BASIS
BUDGET AND ACT AL
–
GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2016
See accompanying independent auditors’ report
and notes to financial statements.
Variance
Actual
Positive
Original
Final
Amounts
(Negative)
Budgetary Fund Balance, July 1
2,628,940
$
2,628,940
$
2,628,940
$
-
$
Resources (Inflows):
Property taxes
9,921,289 9,921,289 9,957,694
36,405
Excise taxes
1,380,000 1,380,000 1,574,797
194,797
Intergovernmental:
State revenue sharing
284,169
284,169
306,044
21,875
Homestead
116,420
116,420
115,414
(1,006)
Local road assistance
110,000
110,000
109,628
(372)
Tree growth
8,500
8,500
8,424
(76)
General assistance
2,000
2,000
924
(1,076)
Other
4,611
4,611
34,338
29,727
Charges for services
495,997
495,997
591,379
95,382
Investment income
3,500
3,500
13,032
9,532
Interest fees on taxes
18,000
18,000
36,859
18,859
Miscellaneous revenues
18,000
18,000
17,841
(159)
Amounts Available for Appropriation
14,991,426
14,991,426
15,395,314
403,888
Charges to Appro riations (Outflows):
General government
1,514,684 1,552,589 1,458,262
94,327
Public safety
1,779,708 1,792,538 1,805,601
(13,063)
Health and welfare
713,437
713,437
718,252
(4,815)
Recreation and culture
67,135
93,559
70,314
23,245
Education
6,609,536 6,609,536 6,609,536
-
Public works
970,588 1,042,287
804,178
238,109
County tax
432,656
432,656
432,656
-
Unclassified
69,993
90,638
25,657
64,981
Debt service:
Principal
90,000
90,000
90,000
-
Interest
23,542
23,542
23,542
-
Capital outlay
272,083
285,844
231,547
54,297
Transfers to other funds
59,197
59,197
59,197
-
Total Charges to Appropriations
12,602,559
12,785,823
12,328,742
457,081
Budgetary Fund Balance, June 30
2,388,867
$
2,205,603
$
3,066,572
$
860,969
$
Utilization of unassig d fund balance
240,073
$
255,073
$
-
$
(255,073)
$
Utilization of assigned fund balance
-
168,264
-
(168,264)
240,073
$
423,337
$
-
$
(423,337)
$
Budgeted Amounts