7094-R3_ML&P_TownOfBuxton_2018-2019_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE BUDGETARY COMPARISON SCHEDULE – BUDGETARY BASIS TOWN OF BUXTON, MAINE

STATEMENT C

BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2016

BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2019

Variance Positive (Negative)

Budgeted Amounts

Actual

Other

Total

Original

Final

Amounts

General

Governmental

Governmental

Fund

Funds

Funds

Budgetary Fund Balance, July 1

2,628,940 $

2,628,940 $

2,628,940 $

$

-

Resources (Inflows): Property taxes ASSETS Cash and cash equivalents

9,921,289 9,921,289 9,957,694 1,380,000 1,380,000 1,574,797 4,305,164 $ 49,357 $ - 164,2 6

4,354,521 $

36,405 194,797

Excise taxes

Investments

164,216

Intergovernmental: State revenue sharing Accounts receivable (n t of allowance for uncollectibles): Taxes

284,169 116,420 110,000

284,169 116,420 110,000

306,044 115,414 109,628 - -

21,875 (1,006)

224,425 152,450 91,192

224,425 152,450 93,654 572,202

Homestead

Liens Other

Local road assistance

(372) (76)

2,462

Tree growth

8,500 2,000 4,611

8,500 2,000 4,611 $

8,424

Due from other funds

4,881

567,321 783,356

General assistance

924

(1,076) 29,727 95,382 9,532 18,859

TOTAL ASSETS

4,778,112 $

5,561,468 $

Other

34,338 591,379 13,032 36,859 17,841 $

Charges for services Investment income Interest fees on taxes Miscellaneous revenues

495,997 3,500 18,000 18,000 $

495,997 3,500 18,000 18,000 $

LIABILITIES Accounts payable Due to other funds TOTAL LIABILITIES

137,596 567,321 704,917

-

137,596 572,202 709,798

(159)

4,881 4,881

Amounts Available for Appropriation Charges to Appropriations (Outflows): General government

14,991,426

14,991,426

15,395,314

403,888

1,514,684 1,552,589 1,458,262 1,779,708 1,792,538 1,805,601

94,327 (13,063) (4,815) 23,245

Public safety DEFERRED INFLOWS OF RESOURCES Prepaid taxes Health and welfare Recreation and culture Deferred tax venues TOTAL DEFERRED INFLOWS OF RESOURCES

24,948 37,352

718,252 70,314 - 804,178 432,656 25,657 90,000 23,542 231,547 59,197 -

24,948 337,352 362,300

713,437 67,135

713,437 93,559

Education Public works County tax Unclassified Debt service: Principal

6,609,536 6,609,536 6,609,536 2,300 -

-

970,588 1,042,287

238,109

432,656 69,993 90,000 23,542 272,083 59,197

432,656 90,638 90,000 23,542 285,844 59,197

-

FUND BALANCES Nonspendable - principal

64,981

- - -

55,100 151,908 15,545 557,724

55,100 151,908 15,545

Restricted Committed Assigned Unassigned

- -

Interest

Capital outlay

54,297

910,074

1,467,798 2,799,019 4,489,370

Transfers to other funds

-

2,800,821 3,710,895

(1,802)

Total Charges to Appropriations

12,602,559

12,785,823

12,328,742

457,081

TOTAL FUND BALANCES

778,475

Budgetary Fund Balance, June 30 Utilization of unassigned fund balance Utilization of assigned fund balance TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES

2,388,867 $

2,205,603 $

3,066,572 $

$ $

860,969 (255,073) (168,264) (423,337)

$

240,073

$

255,073 168,264 423,337 $

$

- - -

4, 78,112 $

783,356

5,561,468 $

-

$

240,073

$

$

$

See accompanying independent auditors’ report and notes to financial statements.

47

See accompanying independent auditors’ report and notes to financial statements.