planning department - Town of Scarborough

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TOWN OF SCARBOROUGH, MAINE Balance Sheet Governmental Funds June 30, 2011 Statement 3 General Haigis Other Total Performance Town Parkway Governmental Governmental General Bonds Improvements Assessments Funds Funds ASSETS Cash and cash equivalents $ 5,554,730 278,689 1,188,751 - 541,119 7,563,289 Investments 2,412,731 678,518 884,751 - 5,257,487 9,233,487 Receivables: Accounts 563,698 - 3,000 - 1,000 567,698 Intergovernmental 182,202 - 100,000 - 445,353 727,555 Taxes receivable 168,995 - - - - 168,995 Tax liens 730,719 - - - 730,719 Interfund loans receivable 2,904,940 - - - 13,986 2,918,926 Tax acquired property 7,231 - - - - 7,231 Inventory - - - - 21,419 21,419 Notes receivable - - - 2,545,939 - 2,545,939 Total assets $ 12,525,246 957,207 2,176,502 2,545,939 6,280,364 24,485,258 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable and other current liabilities 1,092,572 - 603,080 - 712,596 2,408,248 Accrued payroll and other related liabilities 3,676,889 - - - 3,676,889 Accrued compensated absences 30,366 - - - - 30,366 Interfund loans payable - - 963 2,141,507 776,456 2,918,926 Taxes collected in advance 65,091 - - - - 65,091 Deferred tax revenue 671,053 - - - - 671,053 Performance bond deposits - 957,207 - - - 957,207 Total liabilities 5,535,971 957,207 604,043 2,141,507 1,489,052 10,727,780 Fund balances: Nonspendable Permanent Fund Principal 126,329 126,329 Nonspendable Inventory 21,419 21,419 Restricted for Town 2,685,386 - 1,572,459 404,432 531,508 5,193,785 Restricted for Education 495,941 368,843 864,784 Committed - General Fund 629,908 - - - - 629,908 Committed - Education - - - - - - Committed - Special Revenues - - - - 4,292,188 4,292,188 Assigned - General Fund 2,223,390 - - - - 2,223,390 Unassigned Town 954,650 - - - (548,975) 405,675 Total fund balances 6,989,275 - 1,572,459 404,432 4,791,312 13,757,478 Total liabilities and fund balanc $ 12,525,246 957,207 2,176,502 2,545,939 6,280,364 Amounts reported for governmental activities in the statement of net assets are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. 110,729,418 Other long-term assets are not available to pay for current period expenditures and, therefore, are deferred in the funds. 671,053 Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore, are not reported in the funds. Bonds payable (66,767,000) Capital leases (1,105,143) Accrued interest (377,881) Landfill liability (429,383) Other postemployment benefits liability (699,212) Accrued compensated absences (1,808,222) Net assets of governmental activities 53,971,108 $ See accompanying notes to financial statements.
Statement 4 TOWN OF SCARBOROUGH, MAINE Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the year ended June 30, 2011 General Haigis Other Total Performance Town Parkway Governmental Governmental General Bonds Improvements Assessments Funds Funds Revenues: Taxes $ 48,942,881 - 14,000 - - 48,956,881 Licenses and permits 479,746 - - - - 479,746 Intergovernmental 11,728,400 - 175,760 - 1,797,107 13,701,267 Interest earned 42,024 - 11,960 61,754 9,547 125,285 Donations - - - - 7,235 7,235 Sale of lots - - - - 1,600 1,600 Assessments and impact fees - - - - 1,236,249 1,236,249 Other 4,739,300 - 248,203 - 1,315,801 6,303,304 Total revenues 65,932,351 - 449,923 61,754 4,367,539 70,811,567 Expenditures: Current: General government 4,677,260 - 1,531,524 - - 6,208,784 Public services 3,787,489 - 1,231,098 - - 5,018,587 Public safety 7,967,270 - 147,603 - - 8,114,873 Public works 6,040,273 - 1,205,703 - - 7,245,976 Education 38,174,127 - - - - 38,174,127 County tax 1,922,952 - - - - 1,922,952 Debt service 4,771,048 - - - - 4,771,048 Capital outlay 833,353 - - - 1,592,473 2,425,826 Other - - - - 4,014,567 4,014,567 Total expenditures 68,173,772 - 4,115,928 - 5,607,040 77,896,740 Excess (deficiency) of revenues over (under) expenditures (2,241,421) - (3,666,005) 61,754 (1,239,501) (7,085,173) Other financing sources (uses): Transfers in 1,120,962 6,339 29,700 53,349 266,119 1,476,469 Transfers out (170,203) (6,339) (159,939) (628,927) (511,061) (1,476,469) Proceeds from capital leases - - - - - - Refunding bond issued 1,155,000 1,155,000 Payment to refunding bond escrow agent (1,155,000) (1,155,000) Premium paid on refunded debt (11,550) (11,550) General obligation bonds 418,990 - 3,226,440 - 799,570 4,445,000 Total other financing sources (uses) 1,358,199 - 3,096,201 (575,578) 554,628 4,433,450 Net change in fund balances (883,222) - (569,804) (513,824) (684,873) (2,651,723) Fund balances, beginning of year, restated 7,872,497 - 2,142,263 918,256 5,476,185 16,409,201 Fund balances, end of year $ 6,989,275 - 1,572,459 404,432 4,791,312 13,757,478 See accompanying notes to financial statements.
Page 2 and 3: LIST OF SERVICE ORGANIZATIONS July
Page 4 and 5: 2011 TOWN COUNCIL As of November 20
Page 6 and 7: July 1, 2010, through June 30, 2011
Page 8 and 9: Report continued from the Human Res
Page 14 and 15: Exhibit A-1 TOWN OF SCARBOROUGH, MA
Page 16 and 17: Exhibit A-2, Cont. TOWN OF SCARBORO
Page 18 and 19: Exhibit G TOWN OF SCARBOROUGH, MAIN
Page 20 and 21: Report from the COLLECTIONS/EXCISE
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Page 26 and 27: 2009 Paw Applause $5.58 Rivco Inc $
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Page 46 and 47: Report continued from Public Works
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Page 58 and 59: Report from the Conservation Commis
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