HAMPSHIRE COUNTY BUILDING COMMISSION
Statement of Net Position
For the Year Ended June 30, 2025
ASSETS:
Cash and cash equivalents $ 76,016
Restricted assets 252,673
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Total Current Assets 328,689
Other assets
Capital assets nondepreciable 260,111
Capital assets depreciable, net 5,173,348
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Total assets $ 5,762,148
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LIABILITIES:
Current liabilities:
Bonds payable – Current 325,000
Accrued revenue bond interest payable 81,392
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Total Current Liabilities 406,392
Noncurrent liabilities:
Bonds payable, net of premium 4,468,769 ——————-
Total Liabilities 4,875,161
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NET POSITION:
Invested in capital assets, net of related debt 558,298
Restricted for debt service 252,673
Unrestricted 76,016
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Total net position 886,987
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Total liabilities and net position $ 5,762,148
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Statement of Revenues, Expenses, and Changes in Fund Net Assets
For the Year Ended June 30, 2025
OPERATING REVENUE
Lease Income $ 477,027
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Total operating revenue $ 477,027
OPERATING EXPENSES:
Professional fees $ 5,912
Office expense 418
Amortization –
Depreciation 338,936
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Total operating expenses 345,266
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Operating income (loss) 131,761
NONOPERATING REVENUES/(EXPENSES):
Interest and fiscal charges (158,633)
Interest revenue on funds 9,664
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Total nonoperating revenues (148,969) ——————
Change in net assets (17,208)
Net position at beginning of year 904,195
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Net position at end of year $ 886,987
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Statement of Cash Flows
For the Year Ended June 30, 2025
Cash flows from operating activities:
Operating income (Loss) $ 470,697
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Net cash provided (used) by operating activities 470,697
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Cash flows from capital and related financing activities
Purchase of property and equipment –
(Decrease) in related debt (320,000)
Interest paid on related debt (166,789)
Interest earned 9,664
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Net cash provided by capital and related
financing activities (477,125) ——————
Net decrease in cash and cash equivalents (6,428)
Cash and cash equivalents, beginning
(including $256,770 in restricted accounts) 339,117 ——————
Cash and cash equivalents, ending
(including $252,673 in restricted accounts) $ 332,689
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Reconciliation of net income to net cash
provided by operating activities:
Operating income (loss) $ 131,761
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Adjustments to reconcile operating income to
net cash provided by operating activities:
Depreciation and amortization expense 338,936
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Total adjustments 338,936
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Net cash provided (used) by operations $ 470,697
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Statement of Expenses by Fund
For the Year Ended June 30, 2025
GENERAL FUND
Hampshire Review 335.10
United Bank 479,526.70
United States Postal Service 84.00
ADAM M. CARLIN CPA, PLLC 3,412.50
Main Street Checks 92.61
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PROJECT FUND
NONE –
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8-20-2c
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