Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance topic
No spam. Unsubscribe anytime.
County reports projected $800,000 surplus and plans early RAN loan repayment
Summary
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.
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.
Rogers noted concerns about declining tax collection rates, especially real estate taxes, and committed to more timely and dynamic financial reporting in future budget cycles. He promised to provide documentation of the RAN repayment and balances in the next report.
