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Carroll County finance director reports May revenue gains, project spending
Summary
Finance Director Alicia Searcy reported year-to-date general fund revenue of $82,915,000 and year-to-date expenses of about $77,115,000; she outlined SPLOST and capital payments including a $1,605,000 progress payment to contractor Balfour and $560,811 spent on the transfer station in May.
Alicia Searcy, Carroll County’s finance director, reviewed the county’s May 31 financials at the June 25 work session, reporting stronger year-to-date revenues and ongoing capital spending.
Searcy told commissioners the general fund had year-to-date revenue of $82,915,000 compared with $78,837,000 a year earlier and year-to-date expenses of roughly $77,115,000. She said the county has collected about 97% of expected revenue and expended about 90% of its budget so far for the year.
On capital accounts, Searcy listed project payments made in May: a $1,605,000 progress payment to Balfour (construction contractor) for the county administration building; $2,868,000 in May on furniture, fixtures and equipment for the same building; and $560,811 spent on the new transfer station, mostly for concrete and finishing work. She also noted ongoing payments for recreation lighting and work at Bob’s Ferry Park.
Searcy said SPLOST receipts and payouts continue, with $2,816,000 in 21-SPLOST revenue and $1,013,000 paid out to municipalities (including interest). She also said the county has drawn down approximately $11 million from the 15-SPLOST cash account and about $4.5 million from the 21-SPLOST to date.
Commissioners asked for and received clarifications about budget line items and a one-time $500,000 payment that reduced debt-service balance in the reported period. No formal vote was recorded on the financial report.
