5584-R1_NewGloucester_2017AnnualReport_Web

STATEMENT D STATEMENT D STATEMENT D

STATEMEN

TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SH ET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017 TOWN OF NEW GLOUCESTE , AINE RECONCILIATION OF THE GOVERN ENTAL F S BAL TO THE STATEMENT OF NET POSITI JUNE 30, 2017 TOWN OF NEW GLOUCESTER, MAINE RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017

Total Governmental Funds Total Governmental Funds Total Governmental Fu ds t

Total Government Funds

Total Fund Balances Total Fund Balances Total Fund Balances

5,885,856 $ 5, 85,856 $ 5,885,856 $

Total Fund Balances

5,885,85 $

Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depreciation Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Amounts reported for governmental activ ties in the Statement of Net Pos tion are different because: Capital a sets used in governmental activities are not financial resources and therefore are not reported in the funds, net of a cumulated depreciation Other long-term a sets are not available to pay for current-period expenditures and therefore are deferred in the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and therefore are not reported in the funds Long-term liab l ties are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds, net of accumulated depr ciation Other long-term assets ar not available to pay for current-period expenditures and therefore are deferred i the funds shown above: Taxes and liens receivable Deferred outflows of resources related to pensions are not financial resources and th refore are not reported in th funds Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds: Bonds payable Accrued comp nsated absences Total Fund Balances Amounts reported for government l activ ties in the S ate ent of Net Position a e diff rent because: Capital ets used in government l activ ties are not financial re our e an th refore are not reported in the funds, net of accumulat depreciatio Other long-term as ets are not v ilable to pay for cu rent-period e pendi ure and th refore are def rred in the fund shown above: Taxes and liens receivable Def rr d outflows of resources related to pensions are not financial re ou e and therefore are not reported in the funds Long-term liabilities are not due and p yable in the cu rent period and there o are not reported in the funds: Bonds payable Accrued compensated absences Net pension liability A crued compensated absences Net pension liability Net pension liability Accrued compensated absences Net pension liability D f rred inflows of resources related to pensions are not financial resou ce and th refore are not reported in the funds Net pension liability Def rred i flows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds Amounts reported for governmental activities in the Statement of Net Position are different because: Accrued compensated absences Deferred inflows of resources related to pensions are not financial resources and therefore are not reported in the funds

6,271,958 6,271,958

6,271,95

6,271,958

172,000 172,000 365,001 365,001 (140,000) (76,774) (610,031) (140,000) (76,774) (610,031) (147,874) ,0 0 ( (147,874) ,874 172, 0 365, 01 ,001 (140, 0) (76, 74) (610,031) (147,874)

172,00

365,00

(140,00 (76,77 (610,03

(147,87

Net position of governmental activities Net pos tion of governmental activ ties Net position of governmental activities Net positi n of government l activ ties

11,720,136 $ 1,720,136 $ 11,720,136 $ ,1

Net position of governmental activities

11,720,13 $

See accompanying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15 S e a companying independent auditors' report and notes to financial statements. 15 See accompanying independent auditors' report and notes to financial statements. 15 See accompa ying independent auditors' report and notes to financial s a e s 15

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