7969-R3_ML&P_TownOfBuxton_2020-2021_Web

SCHEDULE 1

TOWN OF BUXTON, MAINE

TABLE 1

TOWN OF BUXTON, MAINE NET POSITION JUNE 30, 2021 AND 2020 BUDGETARY COMPARISON SCHEDULE - BUDGETARY BASIS BUDGET AND ACTUAL - GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2019

Variance Positive (Negative)

Actual

Budgeted Amounts

2020

Original

Final

Amounts

2021

(Restated)

Assets: Current Assets Budgetary Fund Balance, July 1 Resources (Inflows): Property taxes Noncurrent Assets - Capital Assets

3,533,550 $

3,533,550 $

3,533,550 $

$

-

6,259,879 $ 8,016,128 14,276,007

5,020,354 $ 8,138,108 13,158,462

11,005,760 1,582,500

11,005,760 1,582,500

10,924,771 1,873,782

(80,989) 291,282 48,957 61,346 81,198 17,374 419,168

Total Assets

Excise taxes

Intergovernmental

795,780 532,900 39,500

795,780 532,900 39,500

844,737 594,246 12 ,698

Deferred Outflows of Resources: Deferred Outflows Related to OPEB Total Deferred Outflows of Resources Charges for services Investment income Miscellan ous reven es

83,452 83,452

78,210 78,210

2,000

2,000

9,374

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

17,491,990

17,491,990

17,911,158

576,592 1,588,145 2,164,737

549,206 1,887,902 2,437,108

1,817,756 2,231,815

1,854,676 2,325,730

1,75 ,093 2, 80,726

102,583 145,004 27,170 57,914

Total Liabilities Public safety Health and welfare

772,524 127,221

779,857 178,629

752,687 120,715

Deferred Inflows of Resources: Prepaid Taxes Deferred Inflows Related to OPEB Total Deferred Inflows of Resources Net Position: Net Investment in Capital Assets Restricted: Nonexpendable Recreation a d culture Education Public works County tax Unclassified Debt service: Principal Interest

33,281 15,514 48,795

26,782 18,281 45,063

7,423,641 1,139,497

7,423,641 ,203,339

7,423,641 1,0 0,324

-

123,015

418,678 51,407

418,678 58,088

418,678 49,371

-

8,717

6,384,818 55,100 119,298 5,586,711

6,132,866 11,343 166,699 4,443,593

90,000 32,441 300,955

90,000 32,441 338,876

90,000 32,441 2 ,587

- -

Expendable

Unrestricted Capital outlay

39,289 503,692

Total Charges to Appropriations

14,405,935

14,703,955

14,200,263

Total Net Position

12,145,927 $

10,754,501 $

Budgetary Fund Balance, June 30

3,086,055 $

2,788,035 $

3,710,895 $

$

922,860

Utilization of assigned fund balance Utilization of unassigned fund balance

$

-

$

261,020 484,495 745,515

$

- - -

(261,020) $

447,495 447,495

(484,495)

$

$

$

(745,515) $

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

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

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