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Marlboro County finance director reports roughly steady revenues; audit draft expected in December
Summary
Council received a first‑quarter finance report showing revenues and expenditures slightly below prior year; auditors completed fieldwork and staff expect a draft audit in December with presentation likely in January.
County staff presented the first‑quarter financial report for the fiscal year ending Sept. 30, 2025, showing general fund revenues of $2,289,517 for the three months and general fund expenditures of roughly $4.0 million, representing about 25.65% of the $16,442,894 annual budget, the packet stated.
The finance director told council both revenues and expenditures are slightly less than the comparable period a year earlier and that staff will continue monitoring budget impacts. A council member noted the county had not held a finance committee meeting since July and said the roughly $2,500 difference in year‑over‑year revenues appeared small.
The director also reviewed cash balances across general, proprietary, capital projects and fiduciary funds and said the county expects standard property‑tax inflows in January and February. Staff noted fees and notices for property tax provide revenue to solid‑waste operations.
On audit timing, staff said the audit firm conducted fieldwork the week of Sept. 30, spending four days on site and performing testing. A draft audit report is anticipated sometime in December; the firm normally presents the audit to council at the January meeting. Staff offered to distribute the draft audit PDF to council members and to arrange a finance‑committee workshop for review before the formal presentation.
Project reports included smaller activity items such as recreation facilities (fund 40) and the golf course (fund 75). Staff reported a project contingency line for security cameras and related work totaling $2,605,000; staff said about $2.0 million had been spent on the project to date. Council members asked whether remaining items or past audit discrepancies were being addressed; staff said they were working with the auditors and expected a draft in December.
