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Mullins finance packet shows negative operating cash flow and big revenue shortfalls
Summary
City Administrator Holly Jackson presented the Finance Committee with August financials showing a ($67,008) operating cash-flow shortfall for the month, $654,761 in cash on hand and substantial year-to-date revenue shortfalls versus full-year budgets; the packet is unaudited.
MULLINS, S.C. — The Mullins Finance Committee reviewed a packet of August 2025 financial reports on Sept. 15 that show a negative operating cash flow for the month and sizable year-to-date revenue shortfalls, City Administrator Holly Jackson told the committee.
Jackson presented budget-to-actual comparisons and end-of-year cash-flow materials, noting operating cash flow for August 2025 at ($67,008) and cash on hand of $654,761. The packet also shows total assets of $1,287,899, a 49.97% decline from the previous year, and restricted cash of $441,224, down 68.42% year over year.
The packet lists year-to-date General Fund revenue at $437,410 and total revenue at $460,169, far below full-year budget targets (General Fund full-year budget $5,354,977). Several revenue lines — including local option sales tax, business license receipts and franchise fees — are materially under budget in the year-to-date comparisons.
Line-item excerpts in the materials show overtime and payroll-related charges across multiple funds (examples include account 015201-1 with a cumulative balance of $1,595.83; 015301-1 with $2,838.56; and 015401-1 with $8,781.03). The packet includes a consultant-style “Monthly Performance Report” prepared by GreeneFinneyCauley that carries an explicit disclaimer: the financials have not been subjected to audit, review or compilation and no assurance is provided.
The committee packet contains charts that trace operating cash flow from May through August and highlight a transfer from positive months into a negative operating position for August. The materials also itemize departmental expenditures and budget-to-actual variances for Administration, Public Works, Police, Fire, Museum and Recreation.
The meeting record notes that reports were attached to the agenda and that the committee did not record additional formal actions beyond a motion to adjourn. Mayor Miko Pickett moved to adjourn; Council Member Terry Davis seconded, and the meeting was recorded as adjourned.
The materials presented to the Finance Committee will inform further budget planning and project discussions; the packet itself advises that it is unaudited and provides no assurance, signaling that figures may be subject to change pending formal review.
