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Carroll County finance director outlines positive revenue outlook, proposes budget amendments including retention payments
Summary
Alicia Searcy, Carroll County finance director, presented April financial results showing $74.8 million in year-to-date revenue and proposed budget amendments on May 29 to fund retention payments, capital projects and grant activity.
Alicia Searcy, Carroll County finance director, presented an April financial recap on May 29 and proposed a set of budget amendments to cover retention payments, capital projects and grant-funded items.
Searcy reported year-to-date general fund revenue of $74,797,865 and expenditures of $64,243,621, leaving a gap to the budgeted revenue of roughly $6,856,005.29. She projected the county would meet or slightly exceed its budgeted revenue and forecast coming in under budget on expenditures by about $2.5 million to $3 million. Searcy said the general fund cash balance was $52,925,009.46 as of the April report and that the April fund-balance figure available elsewhere was $56,239,007.79.
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