9358-R3_LGP_MechanicFalls_2024AnnualReport

STATEMENT A

STATEMENT A

TOWN OF MECHANIC FALLS, MAINE STATEMENT OF NET POSITION JUNE 30, 2025 TOWN OF MECHANIC FALLS, MAINE STATEMENT OF NET POSITION JUNE 30, 2025

Governmental

Governmental

Business-type

Business-type

Activities

Activities

Activities

Activities

Total

Total

ASSETS

ASSETS

Current assets: Cash and cash equivalents

Current assets: Cash and cash equivalents

$

$

3,205,796

3,205,796 $

$

407,781

407,781

$

$

3,613,577

3,613,577

Investments

Investments

13,576

13,576

-

-

13,576

13,576

Accounts receivable (net of allowance for uncollectibles): Taxes Accounts receivable (net of allowance for uncollectibles): Taxes

230,807 52,791 114,637 7,200 28,322

230,807 52,791 114,637 7,200 28,322

- -

- -

230,807 52,791 120,258

230,807 52,791 120,258

Liens Other

Liens Other

5,621

5,621

Lease receivable - current portion

Lease receivable - current portion

-

-

7,200

7,200

Prepaid items

Prepaid items

78,908 2,068 494,378

78,908 2,068 494,378

107,230

107,230

Inventory

Inventory

-

-

2,068

2,068

Total current assets

Total current assets

3,653,129

3,653,129

4,147,507

4,147,507

Noncurrent assets: Capital assets: Land and other assets not being depreciated Noncurrent assets: Capital assets: Land and other assets not being depreciated Buildings and equipment, net of accumulated depreciation Buildings and equipment, net of accumulated depreciation

640,167 3,288,739 208,800 4,137,706

640,167 3,288,739 208,800 4,137,706

224,240 4,052,453

224,240 4,052,453

864,407 7,341,192 208,800 8,414,399

864,407 7,341,192 208,800 8,414,399

Lease receivable - noncurrent portion

Lease receivable - noncurrent portion

-

-

Total noncurrent assets

Total noncurrent assets

4,276,693

4,276,693

TOTAL ASSETS

TOTAL ASSETS

7,790,835

7,790,835

4,771,071

4,771,071

12,561,906

12,561,906

DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension Deferred outflows related to OPEB TOTAL DEFERRED OUTFLOWS OF RESOURCES DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension Deferred outflows related to OPEB TOTAL DEFERRED OUTFLOWS OF RESOURCES

91,150

91,150

- - -

- - -

91,150

91,150

794

794

794

794

91,944

91,944

91,944

91,944

TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES

$

$

7,882,779

7,882,779 $

$

4,771,071

4,771,071 $

$

12,653,850

12,653,850

13

13

79