Finance director reports May revenue at $5.7 million year‑to‑date; expenses at $4.36 million

Director Gaines delivered Stonecrest’s monthly financial update June 9, reporting year‑to‑date revenue collections of about $5.7 million toward an approximate $17.5 million budget projection and year‑to‑date expenses of $4.36 million.

The update matters because it indicates the city’s near‑term cash position and how capital programs are tracking against budget. Director Gaines said most revenue collection is seasonal and occurs later in the year around property‑tax season and that the figures presented were internal, unaudited financials.

“We have collected thus far $5,700,000, which is about 33% of our projected income,” Director Gaines said in the presentation. Gaines told council that capital outlays remain the largest expense category and that SPLOST, hotel/motel, grants and URA funds were being tracked separately.

Gaines provided details on court revenues, which have increased month to month: year‑to‑date court revenue totaled $52,915.27 with monthly contributions of about $4,900 in January, $14,750 in February, $11,560 in March, $12,387 in April and roughly $9,000 in May. The director also said the FY21 audit has been completed and released to the public.

Council members praised the timeliness of the new reporting cadence and asked for clearer visuals and slightly more detail in future reports; Gaines agreed to adjust charts and add more explanatory detail. No formal action was taken on the financial report; council discussion focused on presentation improvements and verification steps before the numbers are used for formal budget decisions.