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Pike Road accepts Nov.–Dec. 2025 financial statements; officials say lower year-over-year balance due to county tax timing
Summary
Carr, Riggs & Ingram presented November–December 2025 statements showing available cash of $17,493,625 and a fund balance of $17,766,181 (down $662,223). Officials said the year-over-year decline resulted from the timing of Montgomery County tax collections; the council accepted the statements unanimously.
Pike Road — The Pike Road Town Council accepted the town’s November and December 2025 financial statements at its Jan. 28 meeting after an overview by Denna Caro of Carr, Riggs & Ingram.
Caro reported the town’s available cash at the end of December was $17,493,625 and the cumulative fund balance was $17,766,181 — $662,223 less than the previous year. Year-to-date revenues were $2,741,780, down $1,724,532 from the prior year; net income at month-end was $606,709. Caro also reported an income-to-expenses ratio of 22% and said the town had roughly 28 months of operating expenses on hand.
Mayor Gordon Stone and Caro both clarified to the council that the lower year-over-year balance reflected a timing issue in receiving certain tax collections from Montgomery County, not an operating shortfall identified in the presented months. Councilwoman Angie Bradsher moved to accept the financial statements as presented; Councilman Marcus Robinson seconded and the motion passed by unanimous vote.
Why it matters: The statements provide a snapshot of cash, fund balance and operating capacity; the town’s reported 28 months of operating expenses on hand indicates a multi-month cushion if revenues were to decline. The minutes do not list audit adjustments or material exceptions beyond the timing clarification related to county collections.
What the minutes record next: The council approved the statements and there were no public comments recorded on the financial presentation. Any further analysis, adjustments or subsequent budget amendments would appear in later meeting records or in the town’s formal accounting reports.
