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Commissioners accept tax collector and finance reports showing year-to-date revenues and fund balances
Summary
Swain County commissioners accepted the tax collector’s and finance officer’s reports showing year-to-date ad valorem collections, revenue and expenditure totals, and fund surpluses and deficits for December.
The Swain County Board of Commissioners accepted monthly reports from the tax collector and finance officer that outline ad valorem collections, revenue and expenditure totals, and current fund surpluses and deficits.
The tax collector reported year-to-date ad valorem and fees of $6,544,466.79 and total waste fees year to date of $949,329.52, for total revenues year to date of $7,493,796.28. The tax collector said the percentage of budgeted taxes collected so far is 12.86% and that ad valorem and fees collected for the month of December were $2,070,375.49.
The county finance officer reported December revenues of $2,668,357.30 and year-to-date revenues of $11,807,793.17 (48.48% received). Total expenditures for the month were $2,132,609.54 with year-to-date expenditures of $10,687,735.46 and a paid-out year-to-date percentage of 43.18%. The finance officer said the county had a current-year surplus of $1,120,057.71. Solid waste reported a current-year surplus of $359,678.79; the social services fund showed a year-to-date deficit of $592,334.56; and the health department fund showed a deficit of $255,360.87.
Commissioners moved and seconded approval of both reports. The motions passed after the board called for hands to indicate support; the transcript records no roll-call tallies for these routine approvals.
The reports will be filed in the county financial records and used in upcoming budget discussions.
