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TOWN OF BOSTON, NEW YORK Statement of Net Position December 31, 2024 Primary Government Governmental Activities ASSETS Cash and cash equivalents $ 4,514,645 Restricted cash and cash equivalents 3,978,600 Restricted investments 3,293,127 Receivables 28,900 Taxes receivable 1,500 Intergovernmental receivables 114,561 Lease receivable 710,959 Prepaid items 50,284 Capital assets not being depreciated 836,455 Capital assets, net of accumulated depreciation/amortization 6,760,448 Total assets 20,289,479 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows—relating to pensions 1,914,285 Total deferred outflows of resources 1,914,285 LIABILITIES Accounts payable 424,618 Accrued liabilities 141,101 Bond anticipation notes payable 3,758,000 Unearned revenue 5,064 Noncurrent liabilities: Due within one year 199,001 Due within more than one year 11,330,616 Total liabilities 15,858,400 DEFERRED INFLOWS OF RESOURCES Deferred inflows—relating to pensions 1,637,386 Deferred inflows—relating to leases receivable 560,190 Total deferred inflows of resources 2,197,576 NET POSITION Net investment in capital assets 2,409,449 Restricted for: Tax stabilization 92,724 Capital projects 847,661 LOSAP 3,293,127 Debt 387,651 Unrestricted (2,882,824) Total net position $ 4,147,788 The notes to the financial statements are an integral part of this statement. - 10 -