1. QUARTERLY FINANCIAL REPORT First Quarter (Ending 12/31/2015) – Fiscal Year 2015-16 1

2. ALL FUNDS 2

3. 3

4. DEPARTMENTAL BUDGETS 4

5. MAJOR REVENUES Revenue In Comparison to FY 2014-15 % of FY 2015-16 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 2 24.2% 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

6. GENERAL FUND (001) 6

7. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance General Fund Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $28,444,57547.1%$30,642,83147.8%$2,198,256 Expenses $16,367,72127.4%$12,764,46020.2%($3,603,261) Excess/(Deficit) $12,076,854$17,878,371 7

8. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Transportation Fund Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $271,74216.2%$284,88216.2%$13,140 Expenses $354,04021.1%$356,19020.3%$2,150 Excess/(Deficit) ($82,298)($71,308) 8

9. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Golden Isles Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $188,93873.4%$217,66146.0%$28,723 Expenses $7,3383.1%$19,6384.2%$12,300 Excess/(Deficit) $181,600$198,023 9

10. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Three Islands Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $255,44865.2%$272,15063.5%$16,702 Expenses $76,26019.5%$22,5895.3%(53,671) Excess/(Deficit) $179,188$249,561 10

11. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Stormwater Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $514,04823.3%$511,32916.4%($2,719) Expenses $353,43119.1%$473,21015.2%$119,779 Excess/(Deficit) $160,617$38,119 11

12. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Sanitation Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $1,297,75619.6%$1,358,19021.9%$60,434 Expenses 1,388,81220.1%$1,341,10921.6%($47,703) Excess/(Deficit) ($91,056)$17,081 12

13. FIRST QUARTER – FY15 VS. FY16 FY 2014-15FY 2015-16Variance Utilities Actual Amount % of Budget Actual Amount % of Budget Higher/ (Lower) Revenues $5,556,81119.8%$5,680,41318.7%$123,602 Expenses $4,712,84715.9%$6,121,09120.2%$1,408,244 Excess/(Deficit) $843,964($440,678) 13

14. THE END 14