Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
Bibb County reports November financials, SPLOST collections and cash balances
Summary
District finance staff presented November 30, 2024 balance sheets and an all-funds summary, reporting general fund assets of about $80.8 million, a general fund fund balance near $63.3 million, and SPLOST balances for active campaigns.
Mister Bush (district finance) reported the district’s financial position as of Nov. 30, 2024. The General Fund balance sheet showed approximately $80.8 million in total assets, liabilities of $17.5 million and a fund balance of about $63.3 million. Year-to-date General Fund revenue collected was $96.8 million (about 36% of budgeted revenues) with expenditures and encumbrances of $111.1 million (about 41% of budgeted expenses). Bush said roughly 67% of General Fund budgeted expenditures are for instruction-related categories.
All-funds reporting showed total assets across funds of about $698.97 million, liabilities of $48.7 million and a total fund balance about $650.3 million. The district reported cash and investments of roughly $131.4 million (cash about $42.0 million; investments about $89.3 million). SPLOST reports included remaining activity for the 2016 SPLOST (collections and expenditures listed) and for the 2021 campaign (collections of roughly $166.5 million, expenditures and encumbrances of $121.9 million, cash balance near $54.9 million). The finance presentation concluded with no action items beyond discussion.
