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Council amends FY26 budget to authorize up to $500,000 in employee retention payments (Resolution 2025-28)
Summary
Greenwood County adopted Resolution 2025-28 to amend the FY26 budget using prior-year fund balance: the treasurer said a small FY25 surplus (just over $12,000) and growing fund balance enable retention payments of up to $500,000 while canceling a previously planned $500,000 transfer from the 2.6 mills fund; eligibility rules and distribution schedule will be set by the county manager.
Treasurer Ms. Thor presented Resolution 2025-28 proposing an FY26 budget amendment to use prior-year fund balance for employee retention payments. She told the council that the county ended FY25 with a small surplus (just over $12,000) and has seen a growing unassigned fund balance because prior surplus funds were not expended as budgeted.
The resolution would authorize up to $500,000 for retention payments, cancel a previously budgeted $500,000 transfer from the 2.6 mills fund to the general fund, and still leave an unassigned general fund balance of approximately 47% after the payments. The resolution specifies that payments would follow the same formula as the prior year, with the county manager establishing the schedule and payments based on length of service; eligible employees are those employed as of June 30, 2025 and who remain employed when checks are distributed. The resolution also covers employees in the public defender's and solicitor's offices who are assigned to Greenwood County and includes part-time employees who worked more than 96 hours in FY25.
Council discussed and approved the resolution; Treasurer said funds would be distributed consistent with last year’s approach and that availability in future years will depend on fiscal results.
