THE STATE OF MAINE:

CITIZEN CENTRIC
REPORT

Governmental Accounting
Dr. Morehead
By: Bree, Makeda and Tabatha

About the Maine AGA Chapter

Mission of AGA
To support the careers and professional development of
government finance
professionals, working in federal, state and local
governments as well as
private sector and academia.

Vision of AGA
Serve as a thought leader for the
government accountability.

REPORTING ENTITY
The Governor and Legislature govern all funds and
accounts
All included in the CAFR:
There are 7 major component units
11 non-major component units
2 blended component units
1 fiduciary component unit

ECONOMIC CONDITIONS AND

OUTLOOK
Maines economy continues to grow slowly as a whole
Maines GDP was slightly higher in 2012 compared to
2011
Small businesses were stable through month to month
and was up from the previous year.
Revenue forecast for the General Fund revenue
estimates were upward of 12.7 million in 2014 fiscal
year
7.9 million in 2015 fiscal year

HIGHLIGHTS OF FY 2014 ACCOMPLISHMENTS

CHAPTER RECOGNITION: BRONZE LEVEL ACHIEVE
PROGRAMS AND AUDIO CONFERENCES PROVIDED AN
OPPORTUNITY FOR UP TO 16 CPE UNITS
FOUR COMMUNITY SEVICE PROJECTS COMPLETED
PROVIDING HELP TO:
SCHOOL CHILDREN
BOYS & GIRLS CLUB
FOOD BANKS
THE HOMELESS

FINANCIALS
The Maine National Association of Government
Accountants chapter receives the portion of
membership fees from designated as the chapter fee
from national headquarters and charge fees to help
cover monthly meeting costs.
Total revenues come in at $7,808,763
While expenses sum up to $10,427
The chapter uses its funds productively in support of the
community.

FUNDS OF MAINE
Governmental funds
General Fund
Special revenue
Capital projects
Permanent funds
Proprietary funds
Enterprise
Internal service

CAFR REVENUES

Revenue Sources

FY 2013

Program Revenues:
Charges for Services

$1,051,965

Operating Grants & Contributions

$3,054,746

General Revenue:
Taxes

$3,540,712

$161,340

Other

Total Revenue

$7,808,763

CAFR EXPENSES
Expenses
Government Activities:
Government Support
Education
Health & Human Services
Justice & Protection
Other
Interest
Business Type:
Employment Security

Lottery
Military & Equip Maintenance
Dinigo Health
Other
Total Expenses

FY 2013
$428,011
$1,581,556
$3,657,573
$401,656
$384,852
$516,398
$46,541
$169,334

$176,094
$36,971

$56,229
$19,213
$10,427.80

WHATS NEXT??
The initiative for next year is to apply for and use the
Membership Recruitment Scholarship from AGA National
to attract non members to our monthly meetings to
encourage them to join.
Work toward sustainable operational practices such as,
Conferences based on topics with highest interest levels
and to optimize our profit/loss profile while still offering
members this valued service.

Whats next Continued..

PROGRAMS AND TECHNICAL

MEETINGS
Ideas and preferences for meeting topics will continue
to be solic' ited from chapter members and topics that
have generated substantial interest in the past will be
given preference.
In our selection of programs, we will strive to cover
topics that are timely and address the biggest
challenges and highest interest for the membership.

Whats next continued

PLANNING/KEY INITATIVES
FOUR CAMPAIGNS ARE PLANNED TO SUPPORT LOCAL AGENCIES AS FOLLOWS:

School Supplies for Domestic Violence

Shelter Oct-Dec Socks, hats gloves for Bread of Life Homeless Shelter
Jan-Feb Non-perishable food items for Augusta Food Bank Mar-Apr
Big Brothers/Big Sisters Bowl for Kid's Sake