7998-R1_ML&P_Hollis_2020-2021_AnnualReport_Web

Table 2 Town of Hollis, Maine Change in Net Position For the Years Ended June 30,

Governmental Activities

2021

2020

Revenues Program revenues: Charges for services

$

421,490 50,696

$

346,495 54,484

Operating grants and contributions

General revenues: Property taxes

7,517,728 1,163,557 1,165,078 194,461 10,513,010 1,105,672 858,128 852,405 265,517 73,188 280,061 4,722,732 267,102 283,739 2,849

7,363,369 970,546 866,613 250,297 9,851,804 1,039,778 837,793 602,396 270,266 73,527 269,410 4,501,183 260,204 355,759 5,926

Excise taxes

Grants and contributions not restricted to specific programs

Miscellaneous Total revenues

Expenses General government Emergency services

Public works

Recreation and culture

Libraries

Public services Health and welfare

Education County tax Unclassified

Interest on long-term debt

66,945

38,180

Total expenses

8,778,338

8,289,147

Change in net position

1,734,672

1,562,657

Net position - July 1, Restated

16,549,381

14,986,724

Net position - June 30

18,284,053 $

16,549,381 $

Financial Analysis of the Town’s Fund Statements Governmental funds : The financial reporting focus of the Town’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information may be useful in assessing the Town’s financial requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s financial position at the end of the year and the net resources available for spending.

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