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CITY OF ORONO
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2017
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(19)
<br />
<br />Governmental
<br />Activities
<br />Business-Type
<br />Activities Total
<br />ASSETS
<br />Cash and Investments 12,885,919$ 5,520,550$ 18,406,469$
<br />Accounts Receivable 76,222 599,574 675,796
<br />Property Taxes Receivable 10,308 - 10,308
<br />Special Assessments Receivable 8,083 355,094 363,177
<br />Accrued Interest Receivable 40,436 3,864 44,300
<br />Internal Balances (173,893) 173,893 -
<br />Due from Other Governments 248,101 4,425 252,526
<br />Inventories 3,468 9,968 13,436
<br />Prepaid Items 9,809 244 10,053
<br />Other Assets 4,468 - 4,468
<br />Capital Assets:
<br /> Nondepreciable:
<br /> Land 7,337,435 79,706 7,417,141
<br /> Construction in Progress 3,255,918 607,731 3,863,649
<br /> Depreciable:
<br /> Buildings and Building Improvements 9,160,345 1,605,211 10,765,556
<br /> Improvements Other than Buildings 2,373,988 13,511 2,387,499
<br /> Streets and Infrastructure 7,164,359 - 7,164,359
<br /> Distribution/Collection Systems - 24,849,760 24,849,760
<br /> Equipment and Furniture 4,256,047 924,164 5,180,211
<br /> Total Capital Assets 33,548,092 28,080,083 61,628,175
<br /> Less: Accumulated Depreciation (7,266,859) (10,077,679) (17,344,538)
<br />Total Capital Assets, Net 26,281,233 18,002,404 44,283,637
<br />Total Assets 39,394,154 24,670,016 64,064,170
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources 4,353,759 96,026 4,449,785
<br />LIABILITIES
<br />Accounts and Contracts Payable 465,554 385,144 850,698
<br />Accrued Salaries and Fringes 165,844 17,580 183,424
<br />Accrued Interest Payable 79,368 10,179 89,547
<br />Deposits 1,072,099 7,000 1,079,099
<br />Unearned Revenue - 52,153 52,153
<br />Due to Other Governmental Units 150,040 49,353 199,393
<br />Compensated Absences - Due Within One Year 315,000 17,000 332,000
<br />Bonds Payable - Due Within One Year 685,950 81,485 767,435
<br />Long-Term Liabilities:
<br />Other Postemployment Benefits Payable 378,576 35,691 414,267
<br />Net Pension Liability 4,101,526 395,746 4,497,272
<br />Compensated Absences - Due in More Than One Year 182,359 21,001 203,360
<br />Bonds Payable - Due in More Than One Year 7,169,801 980,586 8,150,387
<br />Total Liabilities 14,766,117 2,052,918 16,819,035
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources - Pensions 5,335,406 85,107 5,420,513
<br />Deferred Inflows of Resources - Taxes 33,128 33,128
<br />Total Deferred Inflows of Resources 5,368,534 85,107 5,453,641
<br />NET POSITION
<br />Net Investment in Capital Assets 19,020,035 16,940,333 35,960,368
<br />Restricted for:
<br />Debt Service 2,029,024 - 2,029,024
<br />Golf Course Improvements 267 - 267
<br />Construction Activities 385,836 - 385,836
<br />Park Improvements 762,056 - 762,056
<br />Drug and Alcohol Law Enforcement 295,826 - 295,826
<br />Home Buyer Purchase Assistance Program 132,467 - 132,467
<br />Lurton Park Development and Maintenance 17,167 - 17,167
<br />Senior Housing TIF 76,452 - 76,452
<br />Unrestricted 894,132 5,687,684 6,581,816
<br />Total Net Position 23,613,262$ 22,628,017$ 46,241,279$
<br />Primary Government
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