Hollis Select Board Transparency Archive

PH0PR19MB567242B6DBAC7B08E7161ED8B5E52

Town of Hollis FY25 Short report

From

• Jessica Gardner <[email protected]>

To

• Meserve Diane <[email protected]>
• Roger Hicks <[email protected]>

Cc

• Kimberly Beam <[email protected]>

Date

Tue, Jun 16, 2026 · 1:40 p.m. ET

• Hollis SV25 Draft.pdfNot posted

  The original PDF is not in this public copy. The words copied from it are below.

  Read from the file

  June 16, 2026 Ms. Diane Meserve Treasurer Town of Hollis 34 Town Farm Road Hollis, Maine 04042 Dear Ms. Meserve: Enclosed is a draft of an excerpted version of your audited financial statements for the year ended June 30, 2025. As of June 16, 2026, your audited financial statements for the year ended June 30, 2025 have not been completed, so these numbers are subject to change. Please review these statements and return this letter to us within 10 business days of the date above, indicating whether you have questions or corrections or whether you have accepted this draft and understand the contents well enough to take responsibility for them. □ Please call me with questions I have on page(s) _______________________. OR □ I have reviewed this draft, understand the financial information it represents and accept it. Representations made and information provided to auditors during the period of this engagement have not changed. SIGNED ___________ _____________________________________________ (Print Name) _____________________________________________________ If you have any questions or comments, please do not hesitate to call. Very Best, Ron H.R. Smith, CPA, CFE RHRS/jrg Enclosures 3 Old Orchard Road, Buxton, Maine 04093 Tel: (800) 300 - 7708 (207) 929 - 4606 Fax: (207) 929 - 4609 www.rhrsmith.com

  June 16, 2026 Select B oard Town of Hollis Hollis, Maine We have been engaged by the Town of Hollis, Maine and have audited the financial statements of the Town of Hollis, Maine as of and for the year ended June 30, 2025. The following statements and schedules are being reviewed with management and have been excerpted from the 2025 financial statements, a complete copy of which, including our opinion thereon, is available for inspection at the Town Office upon completion of the audit. Included herein are: Budgetar y Comparison Schedule - Budgetary Basis - Budget and Actual - General Fund Schedule 1 Balance Sheet - Governmental Funds Statement C Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds Statement E Combining Balance Sheet - Non m ajo r Governmental Funds Schedule B Combining Schedule of Revenue s, Expenditures and Changes in Fund Balances - Non m ajor Governmental Funds Schedule C RHR Smith & Company Certified Public Accountants 3 Old Orchard Road, Buxton, Maine 04093 Tel: (800) 300 - 7708 (207) 929 - 4606 Fax: (207) 929 - 4609 www.rhrsmith.com

  SCHEDULE 1 TOWN OF HOLLIS, MAINE BUDGETARY COMPARISON SCHEDULE - BUDGETARY BASIS BUDGET AND ACTUAL - GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2025 See accompanying independent auditor ’ s report and notes to financial statements. Variance Actual Positive Original Final Amounts (Negative) Budgetary Fund Balance, July 1 6,685,327 $ 6,685,327 $ 6,685,327 $ - $ Resources (Inflows): Taxes: Property taxes 8,709,535 8,709,535 8,779,967 70,432 Excise taxes 1,075,000 1,075,000 1,300,001 225,001 Intergovernmental revenues: State revenue sharing 500,000 500,000 548,472 48,472 Homestead reimbursement 202,035 202,035 196,950 (5,085) General assistance 84,000 84,000 75,527 (8,473) BETE reimbursement 899,281 899,281 899,323 42 Tree growth 38,500 38,500 44,359 5,859 Veterans' reimbursement 3,000 3,000 4,375 1,375 Local road assistance 58,000 58,000 63,200 5,200 Interest income - - 139,915 139,915 Interest on taxes/lien costs - - 14,449 14,449 Charges for services 510,800 510,800 781,197 270,397 Franchise agreement 45,000 45,000 50,293 5,293 Miscellaneous revenues 95,000 95,000 35,924 (59,076) Amounts Available for Appropriation 18,905,478 18,905,478 19,619,279 713,801 Charges to Appropriations (Outflows): General government 1,543,172 2,062,972 1,678,423 384,549 Emergency services 1,319,981 1,323,179 1,271,759 51,420 Public works 1,002,000 1,325,750 1,155,949 169,801 Recreation 469,524 496,069 477,116 18,953 Libraries 124,972 74,972 72,414 2,558 Public services 377,150 377,556 361,025 16,531 Health and welfare 126,690 126,690 99,038 27,652 Education 6,004,212 6,004,212 6,004,212 - County tax 328,018 328,018 328,018 - Unclassified 23,032 23,032 111,900 (88,868) Transfers to other funds 901,400 2,531,347 2,501,400 29,947 Total Charges to Appropriations 12,220,151 14,673,797 14,061,254 612,543 Budgetary Fund Balance, June 30 6,685,327 $ 4,231,681 $ 5,558,025 $ 1,326,344 $ Utilization of Assigned Fund Balance - $ 2,453,646 $ - $ (2,453,646) $ Budgeted Amounts

  STATEMENT C TOWN OF HOLLIS, MAINE BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2025 See accompanying independent auditor ’ s report and notes to financial statements. Other Total General Poland Spring Town Hall Governmental Governmental Fund TIF Fund Fund Funds Funds ASSETS Cash and cash equivalents 6,048,842 $ 3,271,380 $ 1,322,347 $ 56,734 $ 10,699,303 $ Accounts receivable (net of allowance for uncollectibles): Taxes 234,166 - - - 234,166 Liens 57,429 - - - 57,429 Other 79,164 - - - 79,164 Due from other funds 488,586 696,623 - 307,611 1,492,820 TOTAL ASSETS 6,908,187 $ 3,968,003 $ 1,322,347 $ 364,345 $ 12,562,882 $ LIABILITIES Accounts payable 43,154 $ - $ - $ - $ 43,154 $ Accrued expenses 73,129 - - - 73,129 Due to other governments 22,524 - - - 22,524 Due to other funds 1,004,234 - 471,639 16,947 1,492,820 TOTAL LIABILITIES 1,143,041 - 471,639 16,947 1,631,627 DEFERRED INFLOWS OF RESOURCES Prepaid taxes 13,837 - - - 13,837 Deferred revenue 62,746 - - 45,597 108,343 Deferred tax revenue 130,538 - - - 130,538 TOTAL DEFERRED INFLOWS OF RESOURCES 207,121 - - 45,597 252,718 FUND BALANCES Nonspendable - - - - - Restricted - 3,968,003 850,708 301,801 5,120,512 Committed - - - - - Assigned 145,549 - - - 145,549 Unassigned 5,412,476 - - - 5,412,476 TOTAL FUND BALANCES 5,558,025 3,968,003 850,708 301,801 10,678,537 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 6,908,187 $ 3,968,003 $ 1,322,347 $ 364,345 $ 12,562,882 $

  STATEMENT E TOWN OF HOLLIS, MAINE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2025 See accompanying independent auditor ’ s report and notes to financial statements. Other Total General Poland Spring Town Hall Governmental Governmental Fund TIF Fund Fund Funds Funds REVENUES Taxes: Property taxes 8,779,967 $ - $ - $ - $ 8,779,967 $ Excise taxes 1,300,001 - - - 1,300,001 Intergovernmental revenues 1,832,206 - - - 1,832,206 Charges for services 781,197 - - - 781,197 Miscellaneous revenues 240,581 160,275 97,898 596,645 1,095,399 TOTAL REVENUES 12,933,952 160,275 97,898 596,645 13,788,770 EXPENDITURES Current: General government 1,678,423 - - - 1,678,423 Emergency services 1,271,759 - - - 1,271,759 Public works 1,155,949 - - - 1,155,949 Recreation 477,116 - - - 477,116 Libraries 72,414 - - - 72,414 Public services 361,025 - - - 361,025 Health and welfare 99,038 - - - 99,038 Education 6,004,212 - - - 6,004,212 County tax 328,018 - - - 328,018 Unclassified 111,900 467,188 - 90,002 669,090 Debt service: Principal - 300,000 - - 300,000 Interest - 38,205 - - 38,205 Capital outlay - - 4,747,190 - 4,747,190 TOTAL EXPENDITURES 11,559,854 805,393 4,747,190 90,002 17,202,439 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 1,374,098 (645,118) (4,649,292) 506,643 (3,413,669) OTHER FINANCING SOURCES (USES) Transfers in - 900,000 5,500,000 51,400 6,451,400 Transfers (out) (2,501,400) (3,500,000) - (450,000) (6,451,400) TOTAL OTHER FINANCING SOURCES (USES) (2,501,400) (2,600,000) 5,500,000 (398,600) - NET CHANGE IN FUND BALANCES (1,127,302) (3,245,118) 850,708 108,043 (3,413,669) FUND BALANCES - JULY 1, AS PREVIOUSLY REPORTED 6,685,327 7,213,121 - 188,871 14,087,319 FUND BALANCE CORRECTION - - - 4,887 4,887 FUND BALANCES - JULY 1, AS RESTATED 6,685,327 7,213,121 - 193,758 14,092,206 FUND BALANCES - JUNE 30 5,558,025 $ 3,968,003 $ 850,708 $ 301,801 $ 10,678,537 $

  SCHEDULE B TOWN OF HOLLIS, MAINE COMBINING BALANCE SHEET - NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2025 See accompanying independent auditor ’ s report and notes to financial statements. Special Total Nonmajor Revenue Governmental Funds Funds ASSETS Cash and cash equivalents 56,734 $ 56,734 $ Due from other funds 307,611 307,611 TOTAL ASSETS 364,345 $ 364,345 $ LIABILITIES Due to other funds 16,947 $ 16,947 $ TOTAL LIABILITIES 16,947 16,947 DEFERRED INFLOWS OF RESOURCES Deferred revenue 45,597 45,597 TOTAL DEFERRED INFLOWS OF RESOURCES 45,597 45,597 FUND BALANCES Nonspendable - - Restricted 301,801 301,801 Committed - - Assigned - - Unassigned - - TOTAL FUND BALANCES 301,801 301,801 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 364,345 $ 364,345 $

  SCHEDULE C TOWN OF HOLLIS, MAINE COMBINING S CHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE S - NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2025 See accompanying independent auditor ’s report and notes to financial statements. Special Total Nonmajor Revenue Governmental Funds Funds REVENUES Other 596,645 $ 596,645 $ TOTAL REVENUES 596,645 596,645 EXPENDITURES Other 90,002 90,002 TOTAL EXPENDITURES 90,002 90,002 EXCESS OF REVENUES OVER (UNDER) EXPENDITURES 506,643 506,643 OTHER FINANCING SOURCES (USES) Transfers in 51,400 51,400 Transfers (out) (450,000) (450,000) TOTAL OTHER FINANCING SOURCES (USES) (398,600) (398,600) NET CHANGE IN FUND BALANCES 108,043 108,043 FUND BALANCES - JULY 1, AS PREVIOUSLY REPORTED 188,871 188,871 FUND BALANCE CORRECTIONS 4,887 4,887 FUND BALANCES - JULY 1, AS RESTATED 193,758 193,758 FUND BALANCES - JUNE 30 301,801 $ 301,801 $