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Horry County reviews early fiscal-year finances and moves to write off $5.9 million in old EMS receivables
Summary
At its Sept. 23 meeting Horry County Council heard a July–August financial update and approved accounting write-offs of $5,927,169 in uncollected EMS charges more than three years old while continuing collection efforts and requesting a staff breakdown of write-offs.
Horry County Council on Sept. 23 received an early fiscal-year financial briefing and approved administrative steps to reconcile old EMS receivables.
Speaker 5, who presented the financial overview, said countywide revenues through July and August totaled $22.9 million, with 66.7% in the general fund, and expenditures across all funds were about $49.9 million. He told the council most property-tax revenue is expected in December and January, leaving general-fund revenues at $15.3 million (about 5.3% of the annual budget) and general-fund expenditures at roughly $39.8 million (about 14% of budget) at this point in the year.
On accounts receivable, Speaker 5 explained the county will write off EMS charges more than three years old (applications dated on or before June 30, 2022). "The amount we are writing off is $5,927,169," he said, adding the county will continue its collection process and that an additional $816,423 had been collected from previously written-off debt.
A committee member asked for more detail on the EMS write-offs; Speaker 1 asked staff to email a breakdown showing year-to-date and historical annualized figures for the past five to six years.
Speaker 5 also reviewed balances in special-revenue funds, saying the fire fund had a $4.2 million net change, the road maintenance fund $3.2 million, renourishment $240,000, stormwater $723,000, recreation $587,000 and waste-management recycling $434,000, and that most funds were "performing as expected" for this point in the fiscal year.
The council did not take separate roll-call votes on the financial overview; discussion led to requests for follow-up materials from staff. The meeting proceeded to other agenda items.
