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Hartsville reviews accounts and year-to-date budgets; cash-to-debt ratio 8.89
Summary
At the April 16 meeting the board reviewed bank balances and budget-to-date reports: total cash $925,836.73, debt $104,139.75 (cash-to-debt ratio 8.89), and General Fund revenue of $172,740.41 through April 15, 2025.
The board heard a bank-account and budget review showing total cash of $925,836.73 and total debt of $104,139.75, yielding a cash-to-debt ratio of 8.89. The General Fund showed $172,740.41 in revenue year-to-date (Jan. 1–Apr. 15) against a $266,245 budget for the same period, with CHIPS and other state-aid lines still showing zero receipts to date.
Board members reviewed line-item variances across departments including building, highway, and elections expenses. Highway Fund revenue to date was $155,215.94 of a $347,294 budget, with machinery maintenance and snow-removal costs specifically noted. The meeting minutes include detailed tabular statements of balances and budget lines for the record.
