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Alleghany finance director: year-to-date revenue $8.84M, available fund balance about $11.7M
Summary
CFO April Hamm reported year-to-date general fund revenue of $8,842,733 (37% of budget), expenditures of $4,862,347 (20% of budget), and a combined checking and savings balance of $24.68 million. The board requested more trend detail in future reports.
April Hamm, Alleghany County chief financial officer, presented the first full-month finance report for the current fiscal year, showing year-to-date general fund revenues of $8,842,733.48 (37% of the approved general fund budget) and year-to-date expenditures of $4,862,347.87 (20% of the budget). The approved general fund budget for fiscal year 2026 is $23,912,466.
Hamm reported an account balance in checking of $7,212,223.41 and a savings balance of $17,470,589.83 for a combined cash total of $24,682,813.24. She told commissioners the town of Sparta’s separate savings account balance was $14,454,813.60.
Hamm also reported the county received local-option sales tax (quarter-cent) receipts for July of $39,673.11, and she said the total quarter-cent sales tax for fiscal year 2024 was $402,753.16. A commissioner asked for month-to-month comparisons; Hamm said she could include year-over-year month comparisons regularly going forward.
Board discussion focused on adding trend detail to the monthly packet so commissioners can identify issues at the department level before they become significant. Hamm said the county is mid-audit for fiscal year 2025 and that final audit adjustments could change the fund-balance numbers presented.
The report included a note that the county’s available fund balance before the transfer-station allocation was $11,736,233; the board later allocated $1.5 million to the transfer-station project during the same meeting.
