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Finance director reports negative SPLOST and TSPLOST balances; staff expects recovery next month
Summary
Finance Director Tammy Lackey told commissioners the county’s SPLOST balance was negative $132,402.08 and TSPLOST negative $122,492.99; she said distributions had been updated and both accounts were expected to return to positive next month.
Finance Director Tammy Lackey updated the Board on current bank balances and recent revenue distributions, including second-quarter tipping and host fees and LOST, SPLOST and TSPLOST receipts.
Director Lackey reported a "SPLOST balance of negative $132,402.08 and a TSPLOST balance of negative $122,492.99," and advised commissioners staff expected both accounts to return to a positive balance the following month. She presented a year-over-year comparison of host and tipping fees for historical reference and said the updated figures would inform near-term cash-flow planning and project scheduling.
Commissioners asked clarifying questions later in the meeting about how negative TSPLOST would affect near-term equipment purchases; Administrator John Gorton outlined internal borrowing options and a plan to reimburse Special Projects funds when TSPLOST receipts normalize.
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