The Horry County Administration Committee met on October 21, 2024, at 1:00 PM in the County Council Conference Room. The meeting covered financial updates, an election update, a discussion on food trucks on county property, a reassessment appeals update, and several action items including compensation for county boards, ARPA fund reallocations, grant matching funds, a fee agreement amendment with DC Blox Inc., transfer of Conway's municipal elections to the county election commission, and a tax exemption extension.
Meeting to order. We'll start today with invocation by Mr. Allen, followed by the Pledge of Allegiance. Everybody please rise. Praise God. Let us pray. Heavenly Father, we're thankful to have this opportunity once again to be able to gather here and come together. Encourage our hearts and uplift us. Direct us and guide us according to your perfect will. Touch each and every heart and soul in a very special way so that all things will be done for your glory, so that we might be able to praise you and honor you through it all. Because we ask you to fund thy holy name, our Lord and our Savior, Christ Jesus. Amen. And to the Republic for which it stands one nation under God, indivisible, liberty, and justice for all. Moving on to public input. There's nobody signed up to today. So we'll move on to the review and approval of the agenda contents. Motion to approve. So all in favor? All right. The ayes have it. Moving on to the approval of the minutes from the September 24th, 2024 meeting. Motion to approve. Second. All in favor? Ayes have it. Moving on to new business financial update September 2024. Ms. Todd. All right. So looking at financials for September. We're going to start off with all revenues across all funds. So we're just under 33.8 million with 67.25% of that being from general fund. Expenditures across all funds is at 75.5 million. And 78.5% of that being from general fund. Looking at general fund. At this point of the year, we do an annualized budget, so we estimate it be around 25% through the fiscal year. Looking at revenues for general fund to date, we're at 22.7 million, which is around 8.4% of the budget amount. Majority of the revenues will come in that December-January time frame. Our expenditures are at $59 million, which is 22 and a half percent of the budget amount, just slightly under where expected to be at this point in the fiscal year. We have transfers of 1.3 million with both revenues and expenditures being up in comparison to prior year actuals. Looking at the general fund revenues more closely, we are where we expected to be in most categories, with both vehicle taxes and interest being above expectations at this point. And again, the property tax revenue will come in that December January time frame. Expenditures for general fund. Where we're expected to be in most categories outside of contractual services, that is up due to larger contracts renewing at the beginning of the fiscal year. That'll balance out in the coming months. Where we're expected to be, we see a net change in fund balance of 5.6 million. Again, those revenues will come in that December January time frame. Road maintenance fund has a net change in fund balance of 4 million, with both revenues and expenditures performing as expected. And beach for nourishment fund has a slight net change in fund balance of $335,000 with very little expenditures thus far into the new fiscal year. Stormwater fund has a net change in fund balance of $2.5 million.