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Henry County financial update: revenues running ahead of budget; commissioners ask for breakdown of public-safety allocation
Summary
Henry County staff told commissioners on Feb. 4 that year-to-date revenues of $182.3 million are running ahead of budget while expenditures lag, and proposed reallocating $11.2 million to public-safety needs from projected year-end savings.
County financial staff presented a midyear financial update to the Henry County Board of Commissioners on Feb. 4, reporting higher-than-budgeted revenues and lower-than-projected expenditures to date and describing proposed reallocations for public safety and deferred maintenance.
The finance presentation said year-to-date revenues are $182,300,000 (about 80% of the $259,700,000 budget) and year-to-date expenditures are $125,500,000 (approximately 48% of budgeted appropriations). At the current spending pace staff projected year-end expenditures of about $250,000,000, leaving an anticipated fund balance that the county could allocate toward priorities including public-safety personnel increases and deferred maintenance.
Finance staff noted SPLOST and T-SPLOST collections continue to trend higher than expected while SPLOST expenditures remain low for projects that are just being initiated. Impact fees shown on slides have been used for capital purchases — staff cited recent fire-apparatus purchases that reduced an impact-fee line from about $2,000,000 to roughly $141,000 in one category; staff also said an upcoming park purchase will be reflected in next month’s report for District 3.
The presentation included a proposed $11.2 million allocation to the public-safety cluster covering equipment and personnel; staff said this allocation would be funded in part by excess revenue (about $8 million) and projected expenditure savings. Commissioners asked for a detailed breakdown of how the $11.2 million would be allocated; finance staff said the breakdown exists and would be provided to the board. One commissioner highlighted a remaining $3 million gap between the $11.2 million allocation and the $8 million projected revenue excess; staff replied that the midyear projections and previously approved budget allocations account for the differences and that the midyear adjustments will be brought back to the board for formal review.
No formal vote was taken on budget reallocation at the meeting; staff said midyear reallocations would be returned to the board as part of the formal midyear process.
