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Spalding County reports steady finances: 88 days in reserve, airport acquisition mostly reimbursable
Summary
Deputy County Manager Erica Dye reported April 30, 2026 balances showing revenues of about $69.37M and expenditures of $71.55M year‑to‑date, an approximate 88‑day reserve and combined liquid assets roughly $64.56M; the airport acquisition expense (~$3.1M) is reported to be ~90% reimbursable.
Deputy County Manager Erica Dye presented the county’s monthly financial statement for the ten months ending April 30, 2026 and described a generally stable fiscal position.
Dye reported cumulative revenues of about $69.37 million and cumulative expenditures of roughly $71.55 million for the fiscal year to date. She said the county maintains approximately 88 days in reserve and combined checking and investment accounts total about $64.56 million at month end.
On the fire fund, Dye said revenues are about $11.77 million (61% of the annual budget) with expenditures of approximately $8.8 million and $6.4 million in encumbrances, mostly for new fire trucks. She also noted $3.1 million associated with an airport acquisition is approximately 90% reimbursable and that reimbursement was reported as in the queue.
The board received the report and voted to accept the financial statement by motion (recorded as carried). Dye and commissioners described timing and encumbrances as the main reasons expenditures slightly outpace revenues at this point in the fiscal year.
What happens next: staff will continue to monitor revenues and encumbrances through May and June and report updates at future meetings.
