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49
STATEMENT C
TOWN OF BUXTON, MAINE
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2016
See accompanying independent auditors’ report
and notes to financial statements.
Total
General
Nonmajor
Governmental
Fund
Funds
Funds
ASSETS
Cash and cash equivalents
3,455,637
$
214,389
$
3,670,026
$
Investments
-
163,514
163,514
Accounts receivable (net of allowance for uncollectibles):
Taxes
287,019
-
287,019
Liens
132,349
-
132,349
Other
129,207
12,425
141,632
Due from other funds
278,137
673,653
951,790
TOTAL ASSETS
4,282,349
$
1,063,981
$
5,346,330
$
LIABILITIES
Accounts payable
256,480
$
500
$
256,980
$
Due to other governments
1,966
-
1,966
Due to other funds
673,653
278,137
951,790
TOTAL LIABILITIES
932,099
278,637
1,210,736
DEFERRED INFLOWS OF RESOURCES
Prepaid taxes
28,983
-
28,983
Deferred tax revenues
254,695
-
254,695
TOTAL DEFERRED INFLOWS OF RESOURCES
283,678
-
283,678
FUND BALANCES
Nonspendable
-
55,100
55,100
Restricted
-
156,050
156,050
Committed
-
186,065
186,065
Assigned
183,264
388,129
571,393
Unassigned
2,883,308
-
2,883,308
TOTAL FUND BALANCES
3,066,572
785,344
3,851,916
TOTAL LIABILITIES, DEFERRED INFLOWS OF
RESOURCES AND FUND BALANCES
4,282,349
$
1,063,981
$
5,346,330
$
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
(Neg tive)
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
Excis t xes
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 roa 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
-
Pu lic works
970,588 1,042,287
8 4,178
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