8747-R2_ML&P_Hollis_2022-2023_AnnualReport_Web

STATEMENT E

TOWN OF HOLLIS, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2023

Other

Total

General

Poland Spring Road Paving

Governmental

Governmental

Fund

TIF Fund

Projects

Funds

Funds

REVENUES Taxes:

Property taxes Excise taxes

$

8,253,724 1,132,304 1,285,781 838,767 148,126 11,658,702 1,252,673 955,590 1,207,382 306,718 61,759 282,996 108,139 5,502,517 272,526 773,680

$

- - - -

$

- - - - - - - - - - - - - - - - - - -

$

- -

$

8,253,724 1,132,304 1,536,751 895,542 240,725 12,059,046 1,252,673 955,590 1,207,382 306,718 61,759 282,996 108,139 5,502,517 272,526 1,382,388

Intergovernmental revenues Charges for services Miscellaneous revenues

250,970 56,775 51,962 359,707

40,637 40,637

TOTAL REVENUES

EXPENDITURES Current:

General government Emergency services

- - - - - - - - -

- - - - - - - - -

Public works Recreation

Libraries

Public services Health and welfare

Education County tax Unclassified Debt service: Principal

492,033

116,675

- -

300,000 53,280 845,313

- -

300,000 53,280

Interest

TOTAL EXPENDITURES

10,723,980

116,675

11,685,968

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES

934,722

(804,676)

-

243,032

373,078

OTHER FINANCING SOURCES (USES) Transfers in

581,143

1,290,012 (581,143)

- - -

900

1,872,055 (1,872,055)

Transfers (out)

(1,290,912) (709,769)

-

TOTAL OTHER FINANCING SOURCES (USES)

708,869

900

-

NET CHANGE IN FUND BALANCES

224,953

(95,807)

-

243,932

373,078

FUND BALANCES - JULY 1

5,719,095

6,331,747

9,344

430,520

12,490,706

FUND BALANCES - JUNE 30

$

5,944,048

$

6,235,940

$

9,344

$

674,452

$

12,863,784

See accompanying independent auditor’s report and notes to financial statements.

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