HAMPSHIRE COUNTY BOARD OF EDUCATION
STATEMENT OF NET POSITION
FYE JUNE 30, 2025
Governmental
Activities
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ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Assets:
Cash and cash equivalents $ 5,448,254
Investments 3,113,462
Taxes receivable, net of allowance for uncollectible taxes 241,813
Food service receivable 61,056
Other receivables 6,592,457
Prepaid Workers’ Compensation 895 Other prepaid expenses 40,556
Net other postemployment benefit (OPEB asset – Proportionate Share 23,388
Due from other governments:
PEIA allocation receivable 639,020
Reimbursements receivable 801,239
Capital Assets:
Land 1,026,787
Buildings and improvements 41,947,047 Furniture and equipment 5,893,099 Vehicles 8,687,853
Construction in progress 61,811,741
Less accumulated depreciation (31,202,751)
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Total capital assets, net of depreciation 88,163,776
Right-of-Use Assets
Equipment 296,064
Subscription-based information technology
arrangements (SBITAs) 1,507,714
Less accumulated amortization (1,026,965)
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Total ROU assets, net of amortization 776,813
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Total assets 105,902,729
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Deferred outflows of resources:
Pension 484,378
Other post employment benefit (OPEB) 186,659
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Total deferred outflows of resources 671,037
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Total assets and deferred outflows of resources $ 106,573,766
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LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION
Liabilities:
Salaries payable and related payroll liabilities $ 3,107,999
PEIA premiums payable 584,135
Compensated absences 1,722,785
Accounts payable 1,133,906
Long-term obligations:
Due within one year:
Bonds and contracts 2,729,953
Accrued interest 27,517
Finance lease liability 60,898
SBITA liability 49,199
Due beyond one year:
Bonds and contracts 14,548,933
Finance lease liability 99,640
SBITA liability 174,730
Asset retirement obligation (ARO) liability –
Net pension liability – Proportionate Share 1,106,329
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Total liabilities $ 25,346,024
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Deferred inflows of resources:
Pension 114,229
Other post employment benefit (OPEB) 90,097
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Total deferred inflows of resources 204,326
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Total liabilities and deferred inflows of resources $ 25,550,350
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Net Position:
Net Investment in Capital Assets 72,782,235
Restricted for:
Debt service 2,071,916
Special projects 2,086,022
Capital projects 3,464,317
Unrestricted 618,926
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Total net position $ 81,023,416
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