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Horry County reports $271 million in general‑fund revenue, adds $25.6 million to reserves
Summary
At its Dec. 12 planning retreat, Horry County staff reported FY2024 general‑fund revenues of $271 million—about $19 million above projection—and a net addition to fund balance of $25.6 million, with staff proposing a $2.5 million debris reserve increase from waste‑management funds for hurricane response.
Miss Todd, the county finance presenter, said the county closed FY2024 with general‑fund revenues of $271,000,000 and expenditures of $220,000,000, producing an addition to fund balance of roughly $25,600,000.
"We had revenues of 271,000,000," Miss Todd said as she walked the council through line‑item results, noting property‑tax and interest‑earnings gains and underspending on personnel and contractual services. She reported fund‑level outcomes across fire, road maintenance, stormwater and recreation funds and said total governmental fund balances stood near the $160,000,000 mark at year‑end.
Miss Todd also flagged a proposed resolution to increase the waste‑management unassigned fund balance by $2,500,000 to strengthen the county's debris reserve in response to recent hurricanes and regional needs. The resolution was introduced for council consideration during the presentation; the transcript does not record a final vote.
The presentation included line‑by‑line fund figures and staff emphasized that the general fund’s unassigned balance, after reserves and commitments, was reported at $43.8 million. Staff said increases in hospitality and business‑license receipts contributed to the favorable revenue result, while personnel and contractual savings helped limit spending.
