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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, 2015
See accompanying independent auditors’ report and notes to financial statements.
Variance
Actual
Positive
Original
Final
Amounts (Negative)
Budgetary Fund Balance, July 1, Restated 2,566,124
$
2,566,124
$
2,566,124
$
-
$
Resources (Inflows):
Property taxes
9,560,262
9,560,262
9,525,415
(34,847)
Excise taxes
1,205,000
1,205,000
1,434,443
229,443
Intergovernmental:
State revenue sharing
272,865
272,865
284,812
11,947
Homestead
114,046
114,046
116,040
1,994
Local road assistance
117,000
117,000
107,372
(9,628)
Tree growth
9,000
9,000
8,467
(533)
General assistance
2,200
2,200
1,820
(380)
Other
5,275
50,803
69,694
18,891
Charges for service
429,000
429,000
473,172
44,172
Interest income
18,000
18,000
27,655
9,655
Miscellaneous revenues
18,000
18,000
45,806
27,806
Transfers from other funds
14,000
14,000
19,000
5,000
Amounts Available for Appropriation
14,330,772
14,376,300
14,679,820
303,520
Charges to Appropriations (Outflows):
General government
1,469,555
1,511,394
1,398,784
112,610
Public safety
1,745,855
1,805,549
1,833,592
(28,043)
Health and welfare
721,429
729,822
688,062
41,760
Recreation & culture
67,355
88,070
61,779
26,291
Education
6,326,449
6,326,449
6,326,449
-
Public works
960,812
987,005
857,400
129,605
County tax
426,424
426,424
426,424
-
Unclassified
57,974
81,697
27,979
53,718
Debt service:
Principal
90,000
90,000
90,000
-
Interest
51,030
51,030
51,030
-
Capital outlay
235,873
250,961
223,424
27,537
Transfers to other funds
-
7,167
65,957
(58,790)
Total Charges to Appropriations
12,152,756
12,355,568
12,050,880
304,688
Budgetary Fund Balance, June 30
2,178,016
$
2,020,732
$
2,628,940
$
608,208
$
Utilization of unassigned fund balance
388,108
$
419,258
$
-
$
(419,258)
$
Utilization of assigned fund balance
-
126,134
-
(126,134)
388,108
$
545,392
$
-
$
(545,392)
$
Budgeted Amounts
SCHEDULE 1
TOWN OF BUXTON, MAINE
BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS
BUDGET AND ACTUAL – GENERAL FUND
FOR THE YEAR ENDED JUNE 30, 2015
See accompanying independent auditors’ report and notes to financial statements.
Variance
Actual
Positive
Original
Final
Amounts (Negative)
Budgetary Fund Balance, July 1, Restated 2,566,124
$
2,566,124
$
2,566,124
$
-
$
Resources (Inflows):
Prop rty taxes
9, 0,262
9, 0,262
9,525,415
(34,847)
Excise taxes
1,205,000
1,205,000
1,434,443
229,443
Intergovernm ntal:
State rev nue sharing
72 865
72,865
284,812
11,947
Homest ad
114,046
114,046
116,040
1,994
Local road assi tance
117 000
117,000
107,372
(9,628)
Tree growth
9 00
9, 00
8, 67
(533)
General ssi tance
2 2
2,2
1,8 0
(3 0)
Oth r
5 275
50,8 3
69, 94
18,891
Charg s for ervice
429 0
429,0
473,172
44,172
Interest income
18 000
18,0 0
27,655
9,655
Miscellane u revenues
18
18,
45,806
27,806
Transfers fr other funds
4,
4,
19,000
5,000
Amounts Available for Appropriation
14,330,772
14,376,3
14,679,820
303,520
Charges to Appropriations (Outflows):
General government
1,469,555
1,511,394
1,398,784
112,610
Public safety
1,745,855
1,805,549
1,833,592
(28,043)
Health and welfare
721,429
729,822
688,062
41,760
Recreation & culture
67,355
88,070
61,779
26,291
Education
6,326,449
6,326,449
6,326,449
-
Public works
960,812
987,005
857,400
129,605
County tax
426,424
426,424
426,424
-
Unclassified
57,974
81,697
27,979
53,718
Debt service:
Principal
90,000
90,000
90,000
-
Interest
51,030
51,030
51,030
-
Capital outlay
235,873
250,961
223,424
27,537
Transfers to other funds
-
7,167
65,957
(58,790)
Total Charges to Appropriations
12,152,756
12,355,568
12,050,880
304,688
Budgetary Fund Balance, June 30
2,178,016
$
2,020,732
$
2,628,940
$
608,208
$
Utilization of assigned fund balance
38 108
419,258
-
(419,258)
$
Utilization of assigned fund balance
-
126,134
-
(126,134)
388,108
$
545,392
$
-
$
(545,392)
$
Budgeted Amounts