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May financial update: county revenues at projection but solid‑waste fund still owes $3.9M to general fund, finance director says
Summary
Liberty County reported general‑fund revenues at 100% through May and an unreserved fund balance of 6.6 months; finance staff said the solid‑waste enterprise still owes about $3.9 million to the general fund and may require gradual write‑offs or transfers over several years.
County finance staff presented the May 2026 financial statements at the Aug. 4 meeting and answered commissioners' questions about enterprise funds and SPLOST/FLOS proceeds.
The finance presenter (speaker 21) said general‑fund revenue is at 100% of projection through May while total expenditures were about 86% for the year, leaving an unreserved fund balance of roughly 6.6 months. "We currently have 6.6 months in our unreserved fund balance," the presenter said.
The solid‑waste fund shows positive operating results through May but has a long‑standing receivable to the general fund. The presenter said the solid‑waste fund currently owes about $3.9 million to the general fund from prior support. Commissioners and staff discussed whether to write down the receivable over several years or plan transfers; staff suggested incremental write‑offs if full repayment is not feasible in the near term.
On sales taxes, the presenter reported SPLOST and a new FLOS distribution: the county received an initial T‑SPLOST distribution just under $1.1 million and confirmed FLOS proceeds must be applied to offset property taxes per the November 2025 referendum and subsequent state guidance. The board asked staff to publicly post annual SPLOST reports required by law.
