9031-R3_CC_Hollis_2023-2024_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, 2024

Moved from

Moved to

Other

Total

Nonmajor Funds

Nonmajor Funds

General

Poland Spring Road Paving

Governmental

Governmental

Fund

ARPA

TIF Fund

Projects

Funds

Funds

REVENUES Taxes:

Property taxes Excise taxes

$

8,517,706 1,190,448 1,883,968 886,249 218,021 12,696,392

$

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

$

- - - -

$

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

$

- - - -

$

8,517,706 1,190,448 1,883,968 886,249 380,900 12,859,271

Intergovernmental revenues Charges for services Miscellaneous revenues

162,022 162,022

857 857

TOTAL REVENUES

EXPENDITURES Current:

General government Emergency services

1,340,547 1,148,668 971,269 353,860

- - - - - - - - -

- - - - - - - - -

1,340,547 1,148,668 971,269 353,860

Public works Recreation

Libraries

72,217 306,315 108,537

72,217 306,315 108,537

Public services Health and welfare

Education County tax Unclassified Debt service: Principal

5,673,309 286,819 400,316

5,673,309 286,819 646,262

245,761

185

- -

300,000 45,915 591,676

- -

300,000 45,915

Interest

TOTAL EXPENDITURES

10,661,857

185

11,253,718

EXCESS OF REVENUES OVER (UNDER) EXPENDITURES

2,034,535

-

(429,654)

-

672

1,605,553

OTHER FINANCING SOURCES (USES) Transfers in

-

- - -

1,406,835

- - -

- - -

1,406,835 (1,406,835)

Transfers (out)

(1,406,835) (1,406,835)

-

TOTAL OTHER FINANCING SOURCES (USES)

1,406,835

-

NET CHANGE IN FUND BALANCES

627,700

-

977,181

-

672

1,605,553

FUND BALANCES - JULY 1, AS PREVIOUSLY REPORTED

5,944,048

-

6,235,940

9,344

674,452

12,863,784

CHANGE WITHIN FINANCIAL REPORTING ENTITY

-

495,597 (495,597)

(9,344)

(486,253)

-

FUND BALANCE CORRECTION

187,098

-

-

-

(308,499)

FUND BALANCES - JULY 1, AS RESTATED

6,131,146

-

6,235,940

-

188,199

12,555,285

FUND BALANCES - JUNE 30

$

6,758,846

$

-

7,213,121 $

$

-

$

188,871

14,160,838 $

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

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