QUARTERLY FINANCIAL REPORT First Quarter (Ending 12/31/2015) – Fiscal Year

ALL FUNDS 2

3

DEPARTMENTAL BUDGETS 4

MAJOR REVENUES Revenue In Comparison to FY % of FY Budget Collected Ad Valorem 1 8.2% Increase77.8% Half-Cent Sales Tax1.6% Increase22.8% State Revenue Sharing7.2% Increase24.2% Slot Machine Proceeds15.8% Increase21.1% Fire Assessment % Increase78.7% Utility (Public) Service Tax4.7% Increase27.6% Gas Taxes3.0% Increase24.9% Franchise Fees-3.9% Decrease27.8% Communication Service Tax-10.8% Decrease22.1% 5 1 Property Value increased 9.72% 2 Fire Assessment for residential increased from $145 to $198

GENERAL FUND (001) 6

FIRST QUARTER – FY15 VS. FY16 FY FY Variance General Fund Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $28,444, %$30,642, %$2,198,256 Expenses $16,367, %$12,764, %($3,603,261) Excess/(Deficit) $12,076,854$17,878,371 7

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Transportation Fund Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $271, %$284, %$13,140 Expenses $354, %$356, %$2,150 Excess/(Deficit) ($82,298)($71,308) 8

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Golden Isles Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $188, %$217, %$28,723 Expenses $7,3383.1%$19,6384.2%$12,300 Excess/(Deficit) $181,600$198,023 9

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Three Islands Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $255, %$272, %$16,702 Expenses $76, %$22,5895.3%(53,671) Excess/(Deficit) $179,188$249,561 10

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Stormwater Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $514, %$511, %($2,719) Expenses $353, %$473, %$119,779 Excess/(Deficit) $160,617$38,119 11

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Sanitation Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $1,297, %$1,358, %$60,434 Expenses 1,388, %$1,341, %($47,703) Excess/(Deficit) ($91,056)$17,081 12

FIRST QUARTER – FY15 VS. FY16 FY FY Variance Utilities Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $5,556, %$5,680, %$123,602 Expenses $4,712, %$6,121, %$1,408,244 Excess/(Deficit) $843,964($440,678) 13

THE END 14