7157-R1_ML&P_Hollis_2018-2019_AnnualReport_Text

STATEMENT E

TOWN OF HOLLIS, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2019

Other

Total

General

Poland Spring Road Paving Governmental

Governmental

Fund

TIF Fund

Projects

Funds

Funds

REVENUES Taxes:

Property taxes Excise taxes

$

7,114,832 982,657 782,331 401,898 113,001 9,394,719

$

- - - -

$

- - - -

$

- - -

$

7,114,832 982,657 782,331 448,883 196,924 9,525,627

Intergovernmental revenues Charges for services Miscellaneous revenues

46,985 15,569 62,554

34,790 34,790

33,564 33,564

TOTAL REVENUES

EXPENDITURES Current:

General government Emergency services

1,155,932

- - - - - - - -

- - - - - - - - -

- - - - - - - -

1,155,932

730,043 556,072 249,626 75,849 255,258

730,043 556,072 249,626 75,849 255,258

Public works Recreation

Libraries

Public services

Education County tax Unclassified Capital outlay

4,266,803

4,266,803 247,606 629,320 2,882,910 11,049,419

247,606 51,169

532,283

45,868

-

-

2,882,910 2,882,910

-

TOTAL EXPENDITURES

7,588,358

532,283

45,868

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES

1,806,361

(497,493)

(2,849,346)

16,686

(1,523,792)

OTHER FINANCING SOURCES (USES) Transfers in

-

1,438,309

- - -

2,575

1,440,884 (1,440,884)

Transfers (out)

(1,440,884) (1,440,884)

-

-

TOTAL OTHER FINANCING SOURCES (USES)

1,438,309

2,575

-

NET CHANGE IN FUND BALANCES

365,477

940,816

(2,849,346)

19,261

(1,523,792)

FUND BALANCES - JULY 1, RESTATED

3,306,574

3,022,944

2,897,247

248,135

9,474,900

FUND BALANCES - JUNE 30

$

3,672,051

$

3,963,760

$

47,901

$

267,396

$

7,951,108

See accompanying independent auditors’ report and notes to financial statements.

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