FY2026 Superintendents Preliminary Budget Final-1

Acton-Boxborough Regional School District Management’s Discussion and Analysis June 30, 2024

Financial Highlights. The following tables provide a comparative analysis of the District’s government-wide financial statements.

2024

2023

Assets: Current assets (primarily cash and investments)……$ Capital assets, nondepreciable……………………… Capital assets, net of accumulated depreciation…… Total assets………………………………………

15,909,073$

17,719,610 1,831,229 171,594,071 191,144,910

404,440

171,372,935 187,686,448

Deferred outflows of resources………………………

10,363,388

13,877,084

Liabilities: Current non-debt liabilities (payables and accruals)… 3,539,061 Noncurrent liabilities (excluding debt)……………… 480,751 Noncurrent actuarial liabilities….............…………… 81,619,746

6,119,105 490,626 87,495,461 4,543,471 77,140,693 175,789,356

9,711,438

Current debt (due within a year)……………………

Noncurrent debt (varying future maturities)………… 72,879,546

Total liabilities…………………………………

168,230,542

Deferred inflows of resources…………………………

11,632,262

6,992,847

Net position: Net investment in capital assets……………………… 91,642,558

94,042,524 2,673,332 (74,476,065)

1,166,894

Restricted…………………………………………… Unrestricted *………………………………………

(74,622,420)

Total net position……………………………… $

18,187,032 $

22,239,791

* - The large negative balance of unrestricted net position reflects the significant actuarial-based unfunded liabilities for future employee benefits (pensions for non-certified employees and post- employment health insurance for current employees and retirees).

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