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1 <br /> ' B. Budgetary Basis <br /> ' The General Fund appropriation appearing on page 4 of the financial <br /> statements represents the final amended budget of the Town and was <br /> authorized as follows: <br /> ' 1999 annual appropriations $ 30,358,135 <br /> Statutory County and State assessments 359.505 <br /> Total Appropriation $ 30 717.640 <br /> ' C. Budget/GAAP Reconciliation <br /> The budgetary data for the general and proprietary funds is based upon <br /> ' accounting principles that differ from generally accepted accounting <br /> principles (GAAP). Therefore, in addition to the GAAP basis financial <br /> statements, the results of operations of the general fund are presented <br /> in accordance with budgetary accounting principles to provide a meaning- <br /> ful comparison with budgetary data. <br /> ' The following is a summary of adjustments made to the actual revenues <br /> and other sources, and expenditures and other uses, to conform to the <br /> budgetary basis of accounting. <br /> ' Revenues Expenditures <br /> and Other and Other <br /> Financing Sources Financing Uses <br /> General Fund <br /> Revenues/Expenditures (GAAP <br /> ' basis) $ 28,886,816 $ 29,736,106 <br /> Other financing sources/ uses <br /> (GAAP basis) 2,119,363 436,663 <br /> ' Adjust tax revenue to accrual basis ( 1,446,894) - <br /> Reverse beginning of year appro- <br /> priation carryforwards from <br /> expenditures ( 1,074,621) <br /> ' Add end of year appropriation <br /> carryforwards to expenditures 1,118,579 <br /> ' Include free cash used as funding <br /> source 2,152,369 <br /> Include overlay surplus as funding <br /> source 200,000 <br /> Budgetary basis $ 31 911 654 $ 30.216.727 <br /> 12 <br />