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Pike Road council accepts October 2025 financial statements showing $17.3M in available cash
Summary
Carr, Riggs & Ingram presented Pike Road's October 2025 financial statement: available cash $17,344,839; fund balance $17,776,699 (up $1,061,225 year over year); revenues YTD $1,072,855; net income $616,361. Council unanimously accepted the report.
Denna Caro of accounting firm Carr, Riggs & Ingram presented the Town of Pike Road’s October 2025 financial statement at the Nov. 26 council meeting, and the council accepted the report unanimously.
Caro reported that the town’s available cash was $17,344,839 and the fund balance was $17,776,699, an increase of $1,061,225 from the prior year. Year-to-date revenues totaled $1,072,855, which Caro said was $422,988 higher than the prior year. Net income for the month was $616,361. Caro reported a 57% income-to-expense ratio and said the town has the equivalent of 28 months of operating expenses on hand. "Our available cash was $17,344,839," the minutes record.
Councilwoman Mim Whatley moved to accept the financial statements as presented; Councilman Marcus Robinson seconded. The council approved the financials by unanimous vote of members present.
The minutes note that Caro reviewed several revenue categories but do not include line-by-line statements in the published minutes. The town clerk’s office holds the complete financial report for those seeking the full statements.
