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Pike Road accepts May financial report showing $20.3 million in available cash
Summary
Auditors reported the town had $20,312,945 in available cash and a fund balance of $19,646,111; the council accepted the May 2026 financial statements unanimously and asked one question about the Pike Road Station fund balance.
Denna Caro of accounting firm Carr, Riggs & Ingram presented the Town of Pike Road’s May 2026 financial statements on June 24, reporting available cash of $20,312,945 and a fund balance of $19,646,111, an increase of $126,918 from the prior year. Year‑to‑date revenues were reported at $9,603,626, $39,830 lower than the prior year, and net income for the month was $2,486,589. Caro told the council the ratio of income to expenses was 26 percent and the town had roughly 32 months of operating expenses on hand.
Councilwoman Angie Bradsher asked specifically about the Pike Road Station fund balance; no further detail was recorded in the minutes. After the presentation Bradsher moved to accept the May financial statements as presented; Councilman Doug Fuhrman seconded and the council approved the motion by unanimous vote.
The council did not record additional line‑item breakdowns in the meeting minutes beyond the figures presented by the auditor. No follow‑up reporting dates for further financial detail were announced at the meeting.
