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Hartsville reports nearly $966,000 cash on hand; several state aid lines not yet realized
Summary
Treasury report dated May 18 shows cash $965,945.88 and debt $32,844.48; General Fund YTD revenue $241,298.12 of a $608,525 budget; several state aid lines (CHIPS, PAVE) remain at $0 YTD.
The town’s bank-account snapshot dated May 18, 2025 shows cash on hand of $965,945.88 and debt totaling $32,844.48, producing a reported cash-to-debt ratio of 29.41 (previous month 8.89). Reported available balances include General Fund checking $440,680.47 and Highway Fund checking $253,994.87.
The General Fund year-to-date (Jan. 1–May 19) lists revenue of $241,298.12 against a $608,525.00 budget (39.65% realized). Several state-aid revenue lines in the report — including CHIPS and PAVE — appear as $0 YTD, reducing realized income versus budget. The Highway Fund shows $200,274.57 in revenue vs. a $276,167 budget and a YTD net ordinary income of $71,168.44. The minutes record these figures in board attachments and do not indicate any vote or change to tax rates.
