Account Activity – Assets

 

Cash Management – Bangor Savings          Cash Management – First Ntl. Bank

Beginning Balance

$525,266.72

Additions

$900,000.00

Interest Income

$14,016.00

Withdrawals

$600,000.00

Transfer To First Ntl. Bank

$839,282.72

Ending Balance

$0.00

In from Bangor Savings

$839,282.72

Interest

$5,671.29

Withdrawals

$330,000.00

Ending Balance

$514,954.01

 

 

The Petty Cash Account never fluctuates – this accounts for the change on hand in the tax collector’s office.  The deferred charges account is an auditing entry that refers to the amount of taxes collected in the 1st two months of the next fiscal year, deemed to be available.

 

The prepaid oil account reflects the amount of heating oil pre-purchased from No Frills Oil Company in the summer of 2002 but not used at the town office during the fiscal year. 

 

The amounts due from other accounts reflect earnings in the cemetery accounts that are due to the general fund. 

 

Code Enforcement Fund

Beginning Balance

$14,296.50

Interest Earnings

$384.91

Additions

$5,116.74

Ending Balance

$19,798.15

 

 

 

 

 

Dump Closing Fund                                       Fire Truck Reserve Fund

Beginning Balance

$13,914.08

Interest Earnings

$198.78

Withdrawal to Gen’l Fund

($7,386.61)

Ending Balance

$6,726.05

Beginning Balance

$10,588.75

Interest Earnings

$302.28

Additions

$5,000.00

Ending Balance

$15,891.03

 

Salt Sand Shed Reserve                    Road Assistance Fund

Beginning Balance

$45,278.19

Interest

$1,059.73

Additions

$5,000.00

Ending Balance

$51,337.92

Beginning Balance

$17,579.09

Interest

$313.70

Withdrawal to Gen’l Fund

$(4,932.60)

Ending Balance

$12,960.19

 


Education Capital Reserve               Portable Classroom Maintenance

Beginning Balance

$2,333.38

Interest

$50.94

Ending Balance

$2,384.32

Beginning Balance

$3,583.99

Interest

$72.56

Withdrawal to Gen’l Fund

($400.00)

Ending Balance

$3,256.55

 

Revaluation Reserve                         Cable TV Fund

Beginning Balance

$24,464.25

Interest

$591.03

Additions

$4,000.00

Ending Balance

$29,055.28

Beginning Balance

$0.00

Additions

$1,000.00

Interest

$14.23

Ending Balance

$1,014.23

 

Insurance Deductible Fund               Cemetery Funds-East Lamoine Cemetery

Beginning Balance

$3,963.06

Interest

$86.55

Ending Balance

$4,049.61

Original Funds

$2,400.00

Accumulated Income

$36.90

Interest

$53.22

Ending Balance

$2,490.12

 

Cemetery Funds – Forest Hills         Cemetery Funds – Marlboro Cemetery

Original Funds

$2,200.00

Accumulated Income

$33.80

Interest

$48.83

Ending Balance

$2,282.63

Original Funds

$2,655.43

Accumulated Income

$4,444.99

Interest

$155.00

Ending Balance

$7,255.42