The Horry County Administration Committee met on April 29, 2025, at 1:00 PM in the County Council Conference Room. Chairman Tyler Servant presided. The committee reviewed the March 2025 financial update, approved the FY2025 third-quarter contingency report, and took action on multiple fiscal and policy items, including the HOME Consortium Annual Action Plan, grants match funding, an ordinance amendment, community benefit allocations, a proclamation, accommodations tax funding, and a multi-county business park agreement. All votes were unanimous.
The meeting then moved into executive session to discuss investigative proceedings regarding allegations of criminal misconduct.
We'll go ahead and call to order the administrative meeting for Tuesday, April 29th, 2025. Again, everybody please stand. We'll do a quick invitation followed by the Pledge of Allegiance. Let's pray. Thank you, Dear Lord, for another opportunity for us to come together to do the business of the county. We ask for your guidance and ask that you watch over us as we go about these administrative meetings. And we ask that we all pause and take a look at all the blessings that you've already bestowed upon us. We ask for continued guidance in your name, we pray. Amen. Let's allusions to the flag United States of America and for which it stands. Thank you. Please be seated. All right. Do we have any public input? No public input. All right. Agenda contents. Motion. So all in favor? These minutes for the March 25th meeting. So all in favor? All right. Good afternoon. So today we are looking at financials for the month ending March 31st. So looking at revenues across all funds, we're at 351.9 million dollars with 69% of that coming from the general fund. Looking at expenditures across all funds, we are at just over 241 million dollars with 73% of expenditures in the general fund. Looking at the general fund summary, we do an annualized budget, so we expect to be around the 75% mark at this point in the fiscal year. For revenues, we are at 244 million, which is almost 90% of the budget amount for the year. This is mainly from property tax collections. Our expenditures are at 176 million, which is 67% of the budget amount. This is slightly under where we expect to be at this point in the year. We have transfers of 14.4 million dollars. General fund total actual revenues are 12.1% higher than prior year, and general fund total actual expenditures are 9.7% higher than prior year. Does that mean that our revenue projections are going to exceed what we thought they would be? Possibly, yes. Okay. So looking at the general fund revenues a little more closely for the month end of March. Almost all of our revenue categories are performing as expected for this point in the year. Looking at expenditures in the adjournal fund. All categories are performing favorably and tracking below the expected 75% for this point in the fiscal year. Looking at special revenues, fire fund is performing as expected with a net change in fund balance of $15 million. Road maintenance fund, net change in fund balance of $3.7 million. Both revenues and expenses are performing as expected. So far, and a net change in fund balance of $854,000. Stormwater Fund has a net change in fund balance of $7 million with 100% of budget revenue collected at this point. Recreation fund with 80 per 83% of the budget revenue collected. They have a net change in fund balance of 408,000. And finally, waste management recycling fund has a net change in fund balance of 8.8 million dollars with almost 94% of budget revenue plan. That is all I think I'm next. I think you're next too.