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Berkeley County reports $653,665 surplus; Commission approves State Budget Revision #1 for Fund 001
Summary
County Administrator Gary Wine told commissioners the fiscal year ended with an unencumbered fund balance of $3,333,665—$653,665 above projection—and the Commission approved State Budget Revision #1 for Fund 001 to allocate $719,382 available funds.
County Administrator Gary Wine presented the end-of-July budget review, reporting a projected unencumbered fund balance of $2,680,000 but an actual balance of $3,333,665 at fiscal year end, creating an excess of $653,665. He said an additional $65,770 in assigned fund balance carried over because of outstanding purchase orders, producing $719,382 available for allocation and proposed State Budget Revision #1 for Fund 001.
Commissioner John Hardy moved to approve State Budget Revision #1 for Fund 001 and Vice President R. Stephen Catlett seconded; the motion carried unanimously. The minutes record the surplus figures and approval but do not detail specific line-item reallocations in the Revision.
