TOWN OF SHELBURNE, VERMONT MANAGEMENT’S DISCUSSION AND ANALYSIS YEAR ENDED JUNE 30, 2016 (Continued)
The Town as a Whole (Governmental and Business Type Activities) The Town’s combined net position increased by $596,815 from 2015, increasing from a balance of $21,331,351 to $21,928,166. Our analysis in Table 1 focuses on the net position (Table 1) and changes in net position (Table 2) of the Town’s governmental and business-type activities. Table 1 includes a comparison of these two years. Table 1 Governmental Activities FY 2016 Current and Other Assets Capital Assets Total Assets
$
Deferred Outflows of Resources Current Liabilities Long-term Liabilities Total Liabilities Deferred Inflows of Resources Net Investment in Capital Assets Restricted Unrestricted Total Net Position $
3,352,266 $ 12,671,731 16,023,997
Governmental Activities FY 2015
Business-type Activities FY 2016
3,339,882 13,339,043 16,678,925
$ 1,516,037 $ 14,557,935 16,073,972
Business-type Activities FY 2015
Total FY 2016
Total FY 2015
1,422,249 14,696,457 16,118,706
$ 4,868,303 27,229,666 32,097,969
$ 4,762,131 28,035,500 32,797,631
298,930
85,393
42,573
12,396
341,503
97,789
1,106,545 3,768,929 4,875,474
1,096,722 3,995,620 5,092,342
947,153 4,616,649 5,563,802
796,958 5,409,916 6,206,874
2,053,698 8,385,578 10,439,276
1,893,680 9,405,536 11,299,216
72,030
243,575
0
21,278
72,030
264,853
9,075,143 953,619 1,399,639 11,428,401
9,269,045 0 1,283,698 $ 10,552,743
8,674,519
18,269,576 912,612 2,745,978 21,928,166
17,749,662 953,619 2,628,070 21,331,351
9,000,531 912,612 1,462,280 11,375,423 $
1,228,431 $ 9,902,950
Unrestricted net position – the part of net position that can be used to finance day-to-day operations without constraints established by debt covenants, enabling legislation, or other legal requirements – was $1,462,280 at June 30, 2016 for the governmental activities. The unrestricted net position of our business-type activities was $1,283,698 at June 30, 2016. The Town generally can only use this net position to finance the continuing operations of the sewer and water departments.
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