Town of Scarborough

Exhibit A-1
TOWN OF SCARBOROUGH, MAINE
General Fund
Comparative Balance Sheets
June 30, 2009 and 2008
2009 2008
ASSETS
Cash and cash equivalents $ 4,691,357 3,972,040
Investments 4,803,188 7,724,325
Receivables:
Taxes receivable 136,958 132,608
Tax liens 559,400 456,920
Accounts receivable 617,828 487,613
Interfund loans receivable 3,152,886 877,117
Tax acquired property 7,231 7,231
Total assets $ 13,968,848 13,657,854
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable and payroll withholdings 1,057,383 1,005,571
Accrued payroll and other related liabilities 3,459,260 3,189,200
Accrued compensated absence (current) 22,425 65,218
Taxes collected in advance 69,250 15,003
Deferred tax revenues 556,721 408,370
Total liabilities 5,165,039 4,683,362
Fund balance:
Reserved 629,962 617,834
Unreserved:
Designated - Town 1,818,318 2,134,233
Undesignated - Education 1,854,157 1,004,054
Undesignated - Town 4,501,372 5,218,371
Total fund balance 8,803,809 8,974,492
Total liabilities and fund balance $ 13,968,848 13,657,854