County reports projected $800,000 surplus and plans early RAN loan repayment
County Administrator Keith C. Rogers, Jr. reported a projected $800,000 surplus for FY2026, current cash balances near $10 million and a plan to repay a Revenue Anticipation Note (RAN) early to save about $100,000 in interest.
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County Administrator Keith C. Rogers, Jr. provided a financial update March 24 that included posting the January budget vs. actual report and the second-quarter financial report. He said the current projection is an $800,000 surplus in the general fund at the end of FY2026 and reported current cash balances of approximately $10 million, projected to be $7.5 million after an early repayment of the RAN loan scheduled for March that will save about $100,000 in interest compared with a June repayment.
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