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Horry County reports September revenues near $33.8 million; general fund receipts lag seasonal expectations

Horry County Council · October 21, 2024
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Summary

County finance staff told council that September all‑funds revenues were about $33.8 million while general fund revenues year‑to‑date were roughly $22.7 million (about 8.4% of budget), with expenditures running near 22.5% of the general fund budget.

Miss Todd, who presented the September financial report, told the council that "we're just under 33,800,000 with 67.25% of that being from general fund." She said all‑funds expenditures were about $75,500,000 with 78.5% charged to the general fund and that staff uses an annualized budgeting method that targets mid‑year comparators.

Todd said general fund revenues to date measure about $22,700,000, roughly 8.4% of the budget, and that most property tax revenues are expected in December and January. She added that special revenue funds — including road maintenance, stormwater and beach renourishment — show modest net changes in fund balance at this point in the fiscal year. Council members asked clarifying questions about the recreation fund and transfers; Todd said transfers totaling about $1,300,000 were included and that some contractual services were higher early in the year due to front‑loaded contracts.