Horry County finance staff reports October revenues and fund positions; property taxes expected to boost December/January receipts

Miss Jamie Norman, presenting the county s financial score for the month ending Oct. 31, reported total revenues across all funds of $88,000,000 with about 65% attributable to the general fund and total expenditures of $84,200,000 (roughly 29% of the annual budget). "We would expect to be around the 33 percent mark," Norman said, noting that property tax collections arriving in December and January typically increase revenue percentages in mid-year reports.

Norman said general-fund actual revenues were 0.6% higher than the prior year-to-date, while total actual expenditures were 9.1% higher than the prior year. She highlighted several special-revenue funds: the fire fund showed a net change in fund balance of about $5,400,000 with revenues at about 15% and expenditures at 27%; the road maintenance fund reported revenues at roughly 38.5% and expenditures near 10% with a net change of about $4,600,000; the beach renourishment fund had a net change of about $5,500,000 with limited expenditures to date; the stormwater fund showed a net change of $30,000; recreation $344,000; and the waste-management recycling fund $565,000.

Norman said personnel costs were about 28% of budget and contract/real-service expenses were slightly higher than expected because many service contracts are paid early in the year. She told the committee staff will monitor revenue inflows in December/January and provide further details as property-tax receipts are posted.