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ATAX account shows positive balance; board accepts FY2026 financials through Jan. 30

Town of Edisto Beach Accommodations Tax Advisory Board · February 5, 2026
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Summary

Town Administrator Mark Aakhus reported the ATAX fund and project balance sheets for FY2026 through Jan. 30, 2026 and said the account maintains a positive cash balance; the board voted to accept the financials unanimously.

Town Administrator Mark Aakhus presented the ATAX Fund Balance Sheet and the ATAX Project Balance Sheet for fiscal year 2026 through Jan. 30, 2026 and reported a positive cash balance in the fund.

Board member Marie Bost moved to accept the ATAX financials as presented; Emma Hart seconded and the motion passed unanimously. The acceptance documents the board’s current financial position and clears the fund report for inclusion in municipal records.

No amendments or follow-up reporting requirements were recorded at the meeting; staff did not identify shortfalls or pending adjustments during the presentation.