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CITY OF ORONO
<br />STATEMENT OF NET POSITION
<br />DECEMBER 31, 2015
<br />
<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 14,136,914$ 5,760,484$ 19,897,398$
<br />Accounts Receivable 13,679 536,547 550,226
<br />Property Taxes Receivable 36,601 - 36,601
<br />Special Assessments Receivable 17,167 460,177 477,344
<br />Accrued Interest Receivable 24,522 - 24,522
<br />Internal Balances (178,930) 178,930 -
<br />Due from Other Governments 101,715 17,828 119,543
<br />Inventories 7,474 7,071 14,545
<br />Prepaid Items 67,326 39,291 106,617
<br />Other Assets 15,131 - 15,131
<br />Capital Assets:
<br /> Non-Depreciable:
<br /> Land 7,055,379 71,706 7,127,085
<br /> Construction in Progress 881,371 833,179 1,714,550
<br /> Depreciable:
<br /> Buildings and Building Improvements 9,133,280 770,330 9,903,610
<br /> Improvements Other than Buildings 2,255,085 13,511 2,268,596
<br /> Streets and Infrastructure 7,054,565 - 7,054,565
<br /> Distribution/Collection Systems - 23,393,849 23,393,849
<br /> Equipment and Furniture 3,476,352 828,821 4,305,173
<br /> Total Capital Assets 29,856,032 25,911,396 55,767,428
<br /> Less: Accumulated Depreciation (5,817,111) (9,190,469) (15,007,580)
<br />Total Capital Assets, Net 24,038,921 16,720,927 40,759,848
<br />Total Assets 38,280,520 23,721,255 62,001,775
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows of Resources 783,881 41,783 825,664
<br />LIABILITIES
<br />Accounts and Contracts Payable 212,340 130,203 342,543
<br />Accrued Salaries and Fringes 123,132 15,595 138,727
<br />Accrued Interest Payable 120,556 11,430 131,986
<br />Deposits 1,790,572 7,000 1,797,572
<br />Unearned Revenue - 43,096 43,096
<br />Due to Other Governmental Units 110,079 22,091 132,170
<br />Long-Term Liabilities:
<br />Net Pension Liability 3,701,933 296,134 3,998,067
<br />Due Within One Year 1,420,012 101,485 1,521,497
<br />Due in More Than One Year 9,061,465 1,173,742 10,235,207
<br />Total Liabilities 16,540,089 1,800,776 18,340,865
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows of Resources 677,729 44,559 722,288
<br />NET POSITION
<br />Net Investment in Capital Assets 14,269,848 15,505,885 29,775,733
<br />Restricted for:
<br />Debt Service 2,094,029 - 2,094,029
<br />Construction Activities 261,171 - 261,171
<br />Park Improvements 983,630 - 983,630
<br />Drug and Alcohol Law Enforcement 235,552 - 235,552
<br />Home Buyer Purchase Assistance Program 129,705 - 129,705
<br />Lurton Park Development and Maintenance 65,652 - 65,652
<br />Senior Housing TIF 66,113 - 66,113
<br />Unrestricted 3,740,883 6,411,818 10,152,701
<br />Total Net Position 21,846,583$ 21,917,703$ 43,764,286$
<br />Primary Government
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