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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