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Spalding County commissioners accept March 2025 financial report showing revenues above expenditures
Summary
Deputy County Manager Erica Dye told commissioners on April 21 that nine months into fiscal 2025 the county’s general fund had collected $60.8 million (84 percent of budget) with expenditures and encumbrances at $51.9 million (72 percent); the board voted 5-0 to accept the report.
Deputy County Manager Erica Dye presented Spalding County’s fiscal-year-to-date financial results for the period ended March 31, 2025, and the Board of Commissioners voted 5-0 to accept the report.
Dye told the board that nine months — 74.97 percent — of the fiscal year had elapsed and that general fund revenue collections stood at $60,800,000, or roughly 84 percent of the adopted budget, while general fund expenditures and encumbrances totaled $51,900,000, or about 72 percent of budget. She said fire district revenues for the year were $10,300,000 (about 59 percent of the fund’s budget) and that combined fire district expenditures and encumbrances were $21,600,000 (about 81 percent of the fund budget when including a $8,000,000 beginning fund balance).
The report broke down several revenue streams: property- and other taxes of $51,200,000 (84.2 percent of total reported revenue); charges for services of $3,900,000 (6.5 percent), and intergovernmental revenue of $2,000,000 (3.3 percent), which Dye said included grants such as Georgia Highway Safety, COPS, VOCA and DOT reimbursements. Fines and forfeitures were reported at $1,400,000 (2.4 percent); miscellaneous revenue at $1,200,000 (2.1 percent); and license and permit revenue at $763,000 (1.3 percent). Investment income was reported at $191,000.
On expenditures, Dye said employee salaries, benefits and taxes made up the largest share at $28,800,000 (55.5 percent of expenditures), purchases and contractual services accounted for $13,500,000 (26 percent), supplies $3,900,000 (7.6 percent) and capital outlay $3,100,000 (6.1 percent). Debt service was reported at $660,000 (1.3 percent). Dye said the county’s combined cash and investment balances totaled $69,800,000 as of March 31.
Commissioners asked for clarification about why fire fund collections appeared lower than the general fund; Dye explained the fire fund’s year-to-date revenue total includes an $8,000,000 fund-balance carryover, which accounts for the difference between cash collections and the fund’s total revenue projection.
After brief discussion the board accepted the financial statement by unanimous voice/hand vote.
The deputy county manager said she would answer follow-up questions and provide additional detail on any line items on request. The acceptance motion carried 5-0.
