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Council accepts June 2026 financial statements showing $21.0 million in available cash
Summary
Carr, Riggs & Ingram presented June financials showing available cash of $21,010,695, a fund balance of $20,671,958 (up $634,812 year-over-year), and net income of $3,512,436; the council accepted the report by unanimous vote.
Denna Caro of Carr, Riggs & Ingram presented the Town of Pike Road's June 2026 financial statements to the council on July 22. The statement shows available cash of $21,010,695 and a fund balance of $20,671,958, an increase of $634,812 compared with the prior year. Revenues year to date were $10,470,370 (up $145,028) and net income at month-end was $3,512,436; the ratio of income to expenses was reported at 34 percent and months of operating expenses on hand were reported as 33 months.
Councilman Doug Fuhrman moved to accept the financial statements; Councilman Rob Steindorff seconded and the council approved the statements by unanimous vote. The minutes record the statements as accepted "as presented." The council did not record any follow-up tasks or revisions to the financial documents in the minutes.
