planning department - Town of Scarborough

Exhibit A-1
TOWN OF SCARBOROUGH, MAINE
General Fund
Comparative Balance Sheets
June 30, 2011 and 2010
2011 2010
ASSETS
Cash and cash equivalents $ 5,554,730 4,062,681
Investments 2,412,731 4,410,997
Receivables:
Taxes receivable 168,995 166,781
Tax liens 730,719 651,207
Accounts receivable 563,698 546,871
Intergovernmental 182,202 45,238
Interfund loans receivable 2,904,940 2,794,632
Tax acquired property 7,231 7,231
Total assets $ 12,525,246 12,685,638
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable and other current liabilities 1,092,572 1,158,183
Accrued payroll and other related liabilities 3,676,889 3,581,414
Accrued compensated absence (current) 30,366 22,559
Taxes collected in advance 65,091 50,845
Deferred tax revenues 671,053 634,571
Total liabilities 5,535,971 5,447,572
Fund balance:
Restricted - Town 2,685,386 2,482,358
Restricted - Education 495,941 1,055,872
Committed - Town 629,908 -
Assigned - Town 2,223,390 1,469,309
Unassigned - Town 954,650 2,230,527
Total fund balance 6,989,275 7,238,066
Total liabilities and fund balance $ 12,525,246 12,685,638