9358-R3_LGP_MechanicFalls_2024AnnualReport

STATEMENT B (CONTINUED)

TOWN OF MECHANIC FALLS, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2025 TOWN OF MECHANIC FALLS, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2025 Governmental

STATEMENT B (CONTINUED)

STATEMENT B (CONTINUED)

TOWN OF MECHANIC FALLS, MAINE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2025

Business-type

Activities

Activities

Total

Governmental

Governmental

Business-type

Business-type

Changes in net position: Net (expense) revenue Changes in net position: Net (expense) revenue

Activities

Activities

Activities

Activities

Total

Total (5,465,308)

(5,437,791)

(27,517)

Changes in net position: Net (expense) revenue

General revenues: Taxes: Property taxes, levied for general purposes Grants and contributions not restricted to specific programs General revenues: Taxes: Property taxes, levied for general purposes Excise taxes Grants and contributions not restricted to specific programs Miscellaneous Total general revenues Excise taxes

(5,437,791)

(5,437,791) 4,241,315

(27,517)

(27,517)

(5,465,308)

(5,465,308) 4,241,315

- - - - -

General revenues: Taxes: Property taxes, levied for general purposes Grants and contributions not restricted to specific programs Excise taxes

690,972

690,972

4,241,315 690,972 914,860 461,938 6,309,085

4,241,315 690,972 914,860 461,938 6,309,085 914,860 461,938 6,309,085 871,294 6,313,105 871,294 26,956 6,313,105 6,340,061 26,956 6,340,061 7,211,355

- -

4,241,315 690,972 914,860 534,286 6,381,433

4,241,315 690,972 914,860 534,286 6,381,433 914,860 534,286 6,381,433 916,125 10,898,320 916,125 26,945 10,898,320 10,925,265 26,945

- 72,348 72,348 72,348 44,831 72,348

-

Miscellaneous

Miscellaneous Change in net position Total general revenues

72,348 72,348

Total general revenues

NET POSITION - JULY 1, AS PREVIOUSLY REPORTED

44,831 4,585,215 4,585,215 4,585,204 4,585,204 4,630,035 (11)

871,294

44,831

916,125

Change in net position

Change in net position

(11)

NET POSITION - JULY 1, AS PREVIOUSLY REPORTED NET POSITION CORRECTION

NET POSITION - JULY 1, AS PREVIOUSLY REPORTED

6,313,105

4,585,215

10,898,320

NET POSITION CORRECTION NET POSITION - JULY 1, AS RESTATED NET POSITION - JULY 1, AS RESTATED NET POSITION - JUNE 30

(11)

26,945

NET POSITION CORRECTION

26,956

$

$

10,925,265 $ 11,841,390

NET POSITION - JULY 1, AS RESTATED

6,340,061

4,585,204

10,925,265

NET POSITION - JUNE 30

NET POSITION - JUNE 30

$

$ 7,211,355

7,211,355 $

$ 4,630,035

4,630,035

$ 11,841,390

$ 11,841,390

See accompanying independent auditor’s report and notes to financial statements. 16 See accompanying independent auditor’s report and notes to financial statements. 16 See accompanying independent auditor’s report and notes to financial statements. 16

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