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Beaufort County CFO reports midyear revenues steady; $68.6M bond closing set for Feb. 6
Summary
Chief Financial Officer Harriet Ariat told the county finance committee that general fund revenues and expenditures are tracking near midyear expectations and reported a $68.6 million bond issuance scheduled to close Feb. 6 with a 3.9% true interest cost.
Chief Financial Officer Harriet Ariat reported to the Beaufort County Finance, Administration and Economic Development Committee on Jan. 27 that general fund revenues and expenditures are tracking near midyear expectations and that a $68,600,000 bond issuance will close on Feb. 6.
Ariat said general fund revenues were at about 61% of budget as of mid-January, with ad valorem collections at roughly 66% and licenses and permits lower, which she attributed to timing around fiscal-year due dates. She said general fund expenditures by function total about 49% of budget midyear, with public safety at about 52% and general…
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