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Hartsville posts $969,049 in cash and reports strong year-to-date net income through March
Summary
Town financial statements presented March 19 show $969,049.06 in cash, $104,139.75 in debt (cash-to-debt ratio 9.31), and net income figures of $104,650.46 (highway) and $118,242.88 (general fund) year-to-date through March 18, 2025.
Financial reports presented to the board on March 19 list total cash of $969,049.06 and total debt of $104,139.75, yielding a reported cash-to-debt ratio of 9.31. The report breaks balances down by fund and account (general fund checking, highway fund, reserve funds) and lists several loan and reserve account balances by account number.
Separate budget-vs.-actual reports through March 18 show highway revenue lines (DA1001 Real Property Highway) at $154,980 and net ordinary income for the highway report of $104,650.46; the combined general-fund report lists net income of $118,242.88. The documents also show line-item variances (for example, several revenue grants such as CHIPS and PAVE reported as not yet received), and the board recorded that the supervisor will continue working on the annual finance report.
No board member requested changes to the financial reports at the meeting; the documents were accepted as presented.
