City of Holly Hill, Florida Presentation of Audited Financial Statements Year Ended September 30, 2015

2 Overview of CAFR Contents Introductory Section Certificate of Achievement for 37 years Letter of Transmittal Financial Section Independent Auditors’ Report Management’s Discussion and Analysis (MD&A) Basic Financial Statements/Budget Comparisons Required Supplementary Information Combining (non-major funds) Statements Statistical Section (10 year trends) Supplemental Audit/Attestion Reports

3 Independent Auditors’ Report We have audited the City’s Financial Statements Management is Responsible for: Preparation/fair presentation of financial statements Design, implementation, maintenance of internal control relevant to presentation free from material misstatement due to fraud or error Auditor is Responsible for: Expressing an opinion on the financial statements Conducting audit in accordance with auditing standards and government auditing standards Obtain evidence sufficient to provide basis for opinion In our opinion, F/S are presented fairly at 9/30/15

4 Independent Auditors’ Report Emphasis of Matter – GASB 68 Implemented Required Supplementary Information (RSI): Applied limited procedures – no opinion Other Supplementary Information: Subjected to auditing procedures – in respect to FS opinion Statistical Section: No opinion Other GAGAS Reporting: Reference to report in internal control and compliance Management Letter (AG requirement) Attestation Report on Investments (AG requirement)

5 Net Position Components ($000s)

6 Implementation of GASB 68 ($000s)

7 Statement of Activities ($000s)

8 Per Capita Revenue (Governmental Funds)

9 Governmental Fund Revenues

10 Governmental Fund Revenue

11 Per Capita Expenses (Governmental Funds)

12 Governmental Fund Expenses

13 Governmental Fund Expenses

14 Utility System Activities ($000s)

15 Unassigned Net Assets (General Fund)

16 Ad Valorem Millage Rates (2015 Levy)

17 Comparable Millage Rates (2015 Levy)

18 Total Just Value ($ Millions Levy)