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Long County reports general fund balance of $1.08M and outlines near-term bond, debt obligations
Summary
County Manager Shane Richardson presented a monthly financial report showing an adjusted expenditure figure of about $294,000, a general fund balance of $1,084,000, and upcoming obligations including an $825,000 bond payment due April 15 and $2.2 million plus interest due May 15.
County Manager Shane Richardson told the Long County Board of Commissioners on April 7 that the county’s adjusted expenditures for the month were approximately $294,000 and the general fund balance stood at $1,084,000, with $739,000 remaining after routine expenses and a $254,000 tax deposit recently received.
Richardson said the county has sufficient funds to cover an $825,000 bond payment due April 15. He also flagged additional upcoming obligations: $579,000 due April 30 and about $2.2 million plus interest due May 15. He reported $881,000 had been paid toward prior-year debt and that total long-term debt has been reduced to $28.7 million, with several equipment loans paid off.
The report framed the county’s near-term cash needs ahead of the formal budget process: Richardson reminded the board that budget hearings will begin May 26 and that adoption is anticipated June 2. No votes were taken on tax or budgetary changes during the meeting.
Clarifying details provided to the Board included the specific payment dates and amounts for upcoming obligations and a summary of recent debt-reduction activity. The Board did not direct staff to change tax rates or to accelerate debt repayment at this meeting. The county manager’s financial report will be part of the record used during the May–June budget hearings.
