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Pike Road reports $21.38 million available cash; 34 months of operating expenses on hand
Summary
Carr, Riggs & Ingram presented the town’s February–March financial statements showing $21,379,752 in available cash, a $20.54 million fund balance (up $275,122 year over year), and year-to-date revenues of $8,161,409; the council accepted the statements unanimously.
Denna Caro of accounting firm Carr, Riggs & Ingram presented the Town of Pike Road’s financial statements for February and March 2026, reporting available cash of $21,379,752 and a fund balance of $20,541,086, an increase of $275,122 from the prior year. "Our revenues year-to-date are $8,161,409, which is $3,381,564 more than the prior year," Caro said, and she reported a net income of $3,381,564 at month end.
Caro also said the ratio of income to expenses was 41 percent and that the town had roughly 34 months of operating expenses on hand. Councilman Rob Steindorff moved to accept the financial statements for February and March 2026 as presented; Councilman Marcus Robinson seconded and the council approved them unanimously.
The acceptance means the statements will be filed with the town record; no additional amendments or follow-up tasks were recorded in the minutes.
