ADMINISTRATION COMMITTEE AGENDA Tuesday, January 29 th , 2018 – 2:00 P.M. County Council Conference Room Committee Members: Johnny Vaught, Chairman; Dennis DiSabato; Cam Crawford; Orton Bellamy Call to Order…………………………………………………………………………………….………………………..………………….…….Johnny Vaught I. Invocation II. Public Input III. Review and Approval of Agenda Contents IV. Approval of Minutes – December 4 th , 2018 V. New Business A. Community Development Matters 1) HUD Funding Update…………………………………………………..…………………………………….Courtney Kain 2) Resiliency Plan Update…………………………………………………………………..……….…………Courtney Kain B. OSHA Safety Log 2018 Update……………………………………………………………….…….…….….………..Patrick Owens C. Discussion of the Proposed Transfer of Authority to Conduct the Town of Surfside Beach’s Municipal Elections to the Horry County Election Commission…………….……………..Sandy Martin D. A Resolution Relating to the Issuance by the South Carolina Jobs-Economic Development Authority of its Economic Development Revenue Bonds, in One or More Series, Taxable or Tax-Exempt, in the Principal Amount of Not Exceeding $50,000,000………………………………………………………………………………….………..…..Justin Powell E. Financial Matters 1) Approval of Non-Audit Engagement……………………………………………………………………Barry Spivey 2) Administrator’s Contingency……………………………………………………………………………….Barry Spivey 3) Interim Financial Update November 2018 ……………..…..…………….………….……...……Barry Spivey ATTACHMENTS (for information only) A. County Council Expenses VI. Old Business VII. Announcements VIII. ADJOURN Approved 1/23/2018 Approved 1/23/2018 Johnny Vaught, Committee Chairman Chris Eldridge, County Administrator 1
Transcript
ADMINISTRATION COMMITTEE AGENDA Tuesday, January 29th, 2018 – 2:00 P.M.
County Council Conference Room
Committee Members: Johnny Vaught, Chairman; Dennis DiSabato; Cam Crawford; Orton Bellamy
Call to Order…………………………………………………………………………………….………………………..………………….…….Johnny Vaught
2) Resiliency Plan Update…………………………………………………………………..……….…………Courtney Kain
B. OSHA Safety Log 2018 Update……………………………………………………………….…….…….….………..Patrick Owens
C. Discussion of the Proposed Transfer of Authority to Conduct the Town of Surfside Beach’s Municipal Elections to the Horry County Election Commission…………….……………..Sandy Martin
D. A Resolution Relating to the Issuance by the South Carolina Jobs-Economic
Development Authority of its Economic Development Revenue Bonds, in One or More Series, Taxable or Tax-Exempt, in the Principal Amount of Not Exceeding $50,000,000………………………………………………………………………………….………..…..Justin Powell
E. Financial Matters
1) Approval of Non-Audit Engagement……………………………………………………………………Barry Spivey
3) Interim Financial Update November 2018 ……………..…..…………….………….……...……Barry Spivey
ATTACHMENTS (for information only)
A. County Council Expenses
VI. Old Business VII. Announcements VIII. ADJOURN
Approved 1/23/2018 Approved 1/23/2018 Johnny Vaught, Committee Chairman Chris Eldridge, County Administrator
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MINUTES
HORRY COUNTY COUNCIL
Administration Committee Meeting
Council Conference Room
December 4, 2018
2:00 p.m.
MEMBERS PRESENT: Harold Worley, Chairman; Tyler Servant; Gary Loftus and Dennis DiSabato.
MEMBERS ABSENT: Mark Lazarus
OTHERS PRESENT: Pat Hartley; Councilman Johnny Vaught; Councilman Danny Hardee; Councilman
Paul Prince; Chris Eldridge; Justin Powell; Arrigo Carotti; Barry Spivey; Patrick Owens; Courtney Kain;
Larry Roscoe; Sandy Martin; Tim Oliver and Kelly Moore.
In accordance with the FOIA, notices of the meeting were provided to the press stating the time, date, and
place of the meeting.
CALL TO ORDER: Mr. Worley called the meeting to order at approximately 2:00 p.m.
INVOCATION: Mr. Worley gave the invocation.
PUBLIC INPUT: None
REVIEW AND APPROVAL OF AGENDA CONTENTS: Mr. Servant moved to approve the agenda
contents, seconded by Mr. Loftus. The motion passed unanimously.
APPROVAL OF MINUTES: October 23, 2018: Mr. DiSabato moved to approve the minutes as
submitted, seconded by Mr. Loftus. The motion passed unanimously.
NEW BUSINESS:
Mr. Spivey stated that the Comprehensive Annual Financial Report for fiscal year ending June 30, 2018 was
included in the packet for their review and that it would be posted on the web site after the meeting. He
presented a slide and explained it showed the governmental funds for Horry County. Those were the funds
for the fiscal focus and was the modified accrual basis of accounting. He briefly summarized what was done
with the funds. He noted that for fiscal year 2018 there had been an increase in the general fund balance of
$14 million which brought the total to $78 million and the CIP funds had revenue in excess expenditures of
$2.9 million leaving a balance in the fund of $20.2 million. He continued breaking down the numbers for
RIDE II and RIDE III noting that the big emphasis the previous year had been Hwy 707, Glenn’s Bay,
International Drive and the Riverstone property that was purchased for the wetlands mitigation. The RIDE I
debt added to its fund balance $18.4 million for the year which accumulates to $59.3 million at the end of
2018. He noted that in the budget process the RIDE I loan was broken into many parts that consisted of four
individual loans. All of those loans had been paid off with the exception of just one.
There were also a number of non-major funds which did not have a separate presentation in the financial
report but embody a number of operations. They include the road fund, fire fund, beach renourishment, waste
management, E911, economic development, solicitor, recreation and stormwater. In total they added $6.2
million to their fund balance resulting in a balance total of $74.6 million at the end of the year. Capital funds
spent more money due to the fire apparatus fund in the amount of $420,988 still leaving a balance of $3.5
million. Debt service also spent more money than came in that totaled $227,000 leaving a balance of almost
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$8 million. In total the governmental funds had $429,121,000 at the end of fiscal year 2018. Of that amount,
$312 million had been restricted based on the needs for debt service capital outside agreements and various
programs and dedicated millage. That amount was dedicated to those purposes previously set in place by
Council or by an outside type arrangement or legal requirement. They had also committed $105 million of
the total fund balance with the biggest part of that was for reserves at $40.8 million but also included capital
of $20.8 million, additional debt service of $6.9 million and beach renourishment of $4 million. Of the $429
million only $11.5 million was available.
The next slide addressed Government wide – Fiscal year 2018. Mr. Spivey briefly explained each item and
noted that the total governmental activity generated net position rather than fund balance was $931.6 million.
The business type activities which was the Department of Airport Operations was at a net position of $282
million. When added together with the other net position total the comprehension financial report would
show the total net position of Horry County at $1.2 billion for fiscal year 2018.
He noted to the Committee that there was a comprehensive financial report included in their packet for
review. He then introduced Tim Grow and Julia Ramcke that were representing the auditors for the County
as well as the Department of Airports.
Audit Report: Mr. Grow referred to the document given to the Committee and stated it was their official
communication. He had two specific things he wanted to address. One was the pension liability Mr. Worley
had mentioned briefly. What governmental accounting was trying to achieve was to put the information in
the hands of the people who had the best ability to influence the people who could fund the pension liability.
He felt there were some legislators’ attention when it came to the numbers. By putting it in the local
municipalities’ hands, they were getting the feedback they needed. The downside was whose pocket it was
going to come out of to fund it. His next point was concerning the FEMA funds the County was entitled to as
a result of the flooding that occurred. The money was accounted for appropriately including the expenditures
and the receivables but FEMA had a particular way of how they wanted the grant reported, so it was
basically a recording issue.
As part of his communication he wanted to briefly go through their process with part of that being the
rotation of partners. Even though it was the same firm a new team member could bring in a new perspective.
Their first step was a planning process and in looking at Horry County, they would assess the risks of the
county from their perspective. Every county would have their own unique issues and they would start
designing their audit procedures based on the unique risks of Horry County as they had identified them. The
audit was based on the concept of materiality in that they did not audit every single transaction. Three
opinions would be issued as a result of the procedures. The first opinion would be on the financial statement
as a whole. Secondly they would consider the County’s system of internal controls as they performed their
procedures. The third opinion would be on the schedule of federal expenditures. Because the County
received Federal awards, the audit would be required to assess those awards and design procedures around
the major programs. He noted there could still be errors but they stood by their work and they felt that the
financial statement that had been prepared by management with the County’s oversight was fairly
represented. There were no corrected or uncorrected misstatements and management had represented to them
that they had been given everything that was asked for and all objectives had been met by both sides.
Ms. Julia Ramcke spoke regarding the airport audit and noted that a lot of what Mr. Grow had
reported applied to the airport as well. She explained that their audit of the airport included the
planning process, an assessment of the risks that are specific to the airport, as well as internal
controls and they pretty much followed the same procedures as the main audit. She noted there was
a report for each council member in their packet that highlighted everything they were discussing.
She mentioned a couple of things that were specific to the airport such as governmental auditing
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standards and noted attachments to the management representation letter for their review. There
were no disagreements with management nor difficulties encountered during the audit process.
Mr. Worley commented to Ms. Sandy Martin that they felt she was doing a fantastic job over at
Voter Registration with what she had to work with. He explained that she had been invited to speak
in order to explain to the committee what they needed to make the election process go smoother. He
noted that he understood that they had to also deal with the State and asked her to be honest and
straight forward with the committee on what they needed. If the State did not come through with
what they needed, the committee would go after them because they absolutely had to have an
election day that worked for everyone.
Voter Registration & Election Update: Ms. Martin stated that they had about 112,000 votes which
translated into about 52% and noted that was a super good turnout for a Primary. There were about 13,000
absentee votes in that total. The biggest issues on Election Day had been long lines, not enough machines
and not enough poll workers. Some of the machines were old and didn’t work but they had been told by the
State there were plans for a new system by January 2020. It was more than likely going to be a paper based
system and the facility they were currently in would not be able to accommodate what the new system would
involve. They needed to be thinking about what type of facility would accommodate the new system. She
explained some of the problems with having enough trained poll workers and stated they had to have about
800 trained workers to staff the 125 locations for a small amount of pay and long hours. She had requested
two more employees desperately needed for her office in the upcoming budget. She noted that in 1984 there
were 40,000 registered voters and their office had five full time people. The current figure was now 220,000
registered voters and they had only four full time employees. They had temporaries that were good workers
but there was only so much they could let them do so they did not fully understand all the ins and outs of the
process. They really needed more full time employees and it was difficult trying to get poll workers during
elections. She also mentioned that she had sent an email to them concerning one of their projects. They
wanted to split some of the larger precincts and to combine some of the smaller ones to keep the number of
precincts at a manageable level. The issue would be finding suitable locations for the precincts once they had
been split. For instance, Jetport 2 had almost 6,000 people in it but they were having trouble finding another
location to accommodate another precinct once it was split. They had approached several buildings in the
area and everyone had said no.
Mr. Worley stated that there had to be a plan so he asked Ms. Martin to sit down with her staff to discuss
what their needs were. He explained that she had been invited to speak in order to educate the committee on
what she needed them to do in order to get the job done, whether it was more office workers, poll workers,
storage or equipment.
Mr. Loftus asked about the sign in process where people were lined up going through the process while
machines were sitting empty. He wanted to know if that was due to not having enough staff signing people
in. Mr. Worley answered that it was all of the above things Ms. Martin had mentioned. Mr. Loftus asked if
they could come up with a way to get that process moving faster so the public could get to the machines
quicker.
Ms. Martin commented that she thought they should look at trying to recruit some younger workers that were
more familiar with laptops and also possibly a satellite location for absentee votes at the beach somewhere
especially for the 2020 election. That would be an added expense for equipment and a space big enough to
handle the volume. Mr. Loftus asked how much and she said she had no idea and they had only done it one
other time.
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Mr. Powell reminded the committee that they had not had an increase in the local government funds in at
least five years. It was a State mandated function that had not had any increase in its funding to Horry
County.
Mr. Servant asked what type of system they were looking at changing to and if it was a paper ballet or a type
of duplicate ballet. Ms. Martin stated that she was not sure yet but one option would be the vote would be
cast on a machine that would print out a ballot to be read by a scanner immediately and then dropped in to a
ballot box. She had no idea as to space needed or cost as no decisions had been made.
Mr. Worley stated that the taxpayers of Horry County would be looking at Council to make sure any new
election system worked properly. If they didn’t have enough voting machines or storage or poll workers the
Community leaders would take a hit as well even though it was mandated by the State Delegation. He
suggested they develop a plan that they all supported to help improve the election process.
Mr. Loftus commented on the statement about the State coming up with a new process and he wanted to
know if they would be asking for Ms. Martin’s input or would they be telling them what they would be
doing. Ms. Martin was under the impression they would be getting what the State decided to implement. Mr.
Worley asked Mr. Powell what type of funding the committee approved for their office. Mr. Powell stated
that their budget came out of the General Fund but there was a reimbursement that came in for some of the
expenses and they accounted for that amount in the budget every year. The machines in all likely hood would
be paid for by the General Assembly in some form. There was a storage question concerning the size of the
new machines and if they would have sufficient space. It was a State mandated function so it would
ultimately come out of the General Fund.
Mr. DiSabato asked if they should plan for anything in the CIP in regards to the relocation of the 21st Ave.
building to the new facility they were looking at. Mr. Powell said there was a question about whether or not
to have a satellite facility and whether or not it needed to be a permanent office.
Mr. Worley addressed the number of poll workers needed which was approximately 800 and asked how
much they were paid. Ms. Martin stated that they made $75 for working, $60 for training. If they were the
person in charge, they received an additional $60 part of which was reimbursed by the State. Mr. Loftus
asked if her counterparts in places like Greenville and Charleston were having the same problems. Ms.
Martin state that everybody was. Charleston had 200 poll workers that did not show up on Election Day. Mr.
Worley stated he would rather be overstaffed than short staffed. Ms. Martin stated that the State limited the
number of poll workers they could staff the precincts with since they were paying for them Mr. Worley
stated that he wanted to begin to work on getting things fixed. He asked Ms. Martin to put together a plan on
what she thought was needed to get everything running smoothly and staffed appropriately. He asked her to
prepare the report knowing that the Delegation would see it as well as the Governor. He asked that when she
had finished the report to call him or Justin so that they could schedule her to speak to the committee again.
Horry County Mobile App Update: Mr. Tim Oliver stated that the HCConnect app had been released on
October 9. He presented a slide showing some of the stats for the first two months. In less than 60 days they
had over 4,200 downloads and 68% of them had created profiles. He shared some of the methods used to get
the information out such as 37,000 emails to all Horrycounty.org account holders, inserts in the tax notices
and community outreach meetings. They planned to continue all the methods the entire year and expected to
reach about 290,000 residents. They also planned to notify approximately 60,000 out of town property
owners. He added that with Kelly Moore’s help they had begun to schedule community outreach meetings
with the first one being later in the month with Carolina Forest Community Association. He presented a map
that showed all the primary and secondary locations that had been registered with the app and one of the big
things with the app was that the County owned the data. They would be able to analyze the major interests of
the residents and where they lived in the County. He also presented a slide that showed the percentages of
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where the majority of registered profiles were located with Conway being the highest at 20%. He was very
encouraged by the use of the app and it would continue to be enhanced over the next few months. The next
scheduled major release was set for May before the hurricane season.
Community Development Matters:
Community Development Update Ms. Kain presented an overview of their community development HUD
process. She explained that the County acted in two different capacities. One was as the leading jurisdiction
of the urban county entitlements that included Horry County, City of Conway and City of Myrtle Beach and
also was the leading entity of the HOME Consortium which was a broader partnership between
Williamsburg County, Georgetown County and most of the jurisdictions in Horry County.
She discussed the different things they were dealing with. One was revitalization and rather than being
scattered they were trying to focus on neighborhood re-development and the Racepath community in
particular that still needed a lot of work. They planned to expand the discussion towards the Bucksport and
Socastee area and how they could help them with their limited resources. Another concern was the
homeowner repair program that still had over 200 people on their list. They were looking at how to leverage
funds so they could help more people as well as developing some type of loan program. They were still
working with the banks trying to figure a way to structure the loans. They were also trying to find ways to
help the communities to become more resilient. She listed a few of the things they had done for the Racepath
Community such as updating the playground, helping some of the homeowners with home repairs and
upgrading some of the drainage systems in the area.
They had also been working on some code enhancement issues. Mr. DiSabato asked how that was working
and she stated that it was difficult dealing with some of the garbage issues. The residents had been fairly
proactive but there wasn’t much of a visual impact. Mr. DiSabato asked if there was something within the
County code enforcement that needed to be changed or enhanced in order to give Code Enforcement
Department the tools they needed to clean up. Mr. Powell explained that the challenges they had in the past
was that municipal governments had the authority to abate nuisance property, clean up or demolish but the
County did not have the same authority under State law. They were trying to get legislation passed because it
wasn’t just that one area that was a problem but throughout the County there were issues with other
properties. Ms. Kain added that the last batch of abatements that had been authorized did include a property
in the Racepath Community that was scheduled to be demolished. Mr. DiSabato commented that he did not
know how the other councilman dealt with the issue in their district but it had been a constant source of
frustration in District 3 getting Code Enforcement out, particularly in Racepath, to help clean up the
community. He wanted to know what could be done to give Code Enforcement the tools that they needed to
address the issue. Ms. Kain stated that there were two issues. In addition to Code Enforcement there was
Environmental Services which was the junk cars and that type of trash. Mr. Powell noted they also had
Animal Control so they were stretched pretty thin. Mr. DiSabato asked if it could be moved over to a
different department. Mr. Powell stated it was an issue that could be discussed further.
She then explained that they had been working diligently to have Horry County incorporated into the
Community Development Disaster Recovery fund. Congress had authorized $1.68 billion for all 2018
disasters although the funds wouldn’t move until next year. It was a critical component of what they wanted
to do to assist the community. It could allow them to address infrastructure issues, buy-outs for homeowners,
as well as elevating properties. Mr. Loftus noted that the County would have to front the money first and then
get reimbursed. Ms. Kain confirmed that. Mr. Loftus asked what was the delay and if it was the standard two
years. Ms. Kain didn’t think so and said that HUD was pretty good with their reimbursement system. There
was some discussion about FEMA’s process vs HUD’s process noting they were totally different.
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Resolution to amend the City of Conway HUD/CDBG Entitlement Grant for 2017 -2018 (Year 10)
Ms. Kain explained that the City of Conway had allocated all of their funds for the last two years to the
Whittemore Park School towards transforming it into a community center. They had some delays that did not
allow them to spend their money quickly enough. HUD requires the money to be spent in a timely manner.
They had been asked to identify some alternate projects so that could reach their regulatory threshold. They
had provided the following amendment that would reduce a portion of their Whittemore Community Center
and to put a portion of those funds into their homeowner repair program and their at-risk teen program. Mr.
DiSabato asked what could happen if the funds were not spent in the appropriate time. Ms. Kain stated that
HUD could come back and request the funds be returned. Mr. DiSabato moved to approve with a second
from Mr. Loftus and the vote was unanimous.
Proposed Modification to the Employment Guideline: Mr. Owens referenced some employment
guidelines revisions to be considered and noted that there had not been any revisions in a few years. The
majority of the revisions were simply to clarify procedures that they had learned over the last few years
needed to be clarified for the employees. The biggest reason the revisions were being done now was that
South Carolina passed a pregnancy accommodation act earlier in the year so they wanted to make sure the
language was compliant. Another major factor was that the grievance process was being simplified and
would allow employees to get a complaint mediated quicker or to the committee quicker. Another change
that would have a positive impact on the employee was revising the language concerning the number of
active pay status days and what part of the month they were required for an employee to be eligible for
vacation or sick leave. That language would be removed. Mr. DiSabato moved to approve with a second
from Mr. Loftus. The vote was unanimous.
Flood Ordinance: Mr. Worley suggested deferring discussion to a later date. He did not think it was a
pressing issue and could be discussed later. Mr. DiSabato moved to defer with a second from Mr. Servant.
Mr. Loftus asked if there was some kind of time line on when the discussion would be. Mr. Worley stated
that it could be sometime in the summer. The vote was unanimous.
Reassessment Update: Mr. Roscoe stated they would be doing a reassessment that would go into effect in
2019. He presented a slide that had a brief explanation of the process. In general, a new date of value would
be established for all parcels in Horry County. The new date to revalue the entire county would be
12/31/2018. It would allow for recent sales, trends and economic data to be factored in the values. There
were 260,000 parcels in the county so the process would be in mass rather than individually. Computer
models, trends and economic data would be used to revalue. They had managed to physically look at about
130,000 of the properties to evaluate the quality and condition as well as deterioration of the property. There
would have to be approval from the SCDOR before final implementation. The data would be sent to them in
February 2019. He explained some of the statutory requirements that had to be met. The bills had to be out
by October 1st of the reassessment year. The reassessment notice had to be out 90 days prior so that people
had an open appeals window and the general consensus was that about 10% would appeal. During the last
reassessment period they had handled approximately 35,000 appeal with only about 100 going to the Board.
He discussed their time line noting they were currently still revaluing all land parcels according to 2018 sales
data as well as finishing up the 2018 appeals. They would be finishing up the last field visits which
numbered about 70,000 and hope to finish by May 1st. Assessment notices must be mailed by October 30th,
but their goal was to get them out by June 30th in order to give people time to review and appeal if they
needed to. Everyone with an increase of at least $1000.00 or more in their taxes would receive an assessment
notice. They would begin working with PIO to inform the public and would be using some newspaper ads,
some billboards, the County access channel as well as the new HTC app.
Financial Matters:
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Resolution Authorizing and Directing the Transfer of Funds to Increase the Budget for Parks and
Recreation: Mr. Spivey explained the resolution was to transfer funding of $200,000.00 from the General
Fund to the Parks and Recreation fund. It was coming from monies that had been set aside the previous year
that related to the 1% hospitality tax. They had been setting aside $200,000.00 per year for debt services on
the certificates of participation which was the County’s share of the Pelican Stadium financing. It has been
repaid so that money could be allocated to another use. Mr. DiSabato moved to approve with a second
from Mr. Loftus. The vote was unanimous.
Interim Financial Update September 2018: Mr. Spivey referred to the financial update report in the
packet and noted they were seeing the impacts of Hurricane Florence. The reports showed they were under in
terms of revenue and over in terms of expenditures. The expenses would be re-categorized potentially
reimbursable from FEMA once they finished and would be moved from personal services line to a disaster
expenditure line. Through September they had taken in $12.5 million and spent $33 million. Fund balance
was being used to the extent of $25.6 million. Business licenses and interest income were the primary
overages. On the expenditure side the primary overages were in personal services which included overtime
for extra personnel and hours during the hurricane and flooding. He summarized briefly how the storm /
flooding had impacted several areas. He believed they were still on track to do well with the budget and the
resources available would be sufficient to deal with Hurricane Florence without having to tap into the
reserves.
Community Benefit Fund Requests:
Beach Ball Classic (Loftus, Vaught, Prince) Ms. Hartley stated the amount would be $13,500.00 and would
be for support of the annual high school basketball competition in Myrtle Beach allocated by District 4, 8 and
9. Mr. Vaught moved to approve and the vote was unanimous.
The Shepherds Table (Phillips) Ms. Hartley stated the amount would be $2,000.00 from District 7 to help
with funding assistance for food supplies and meals for low income families. Mr. DiSabato moved to
approve with a second form Mr. Loftus and the vote was unanimous.
Horry County Parks & Recreation- James Frazier Community Center (Phillips) Ms. Hartley stated the
amount was $20,000.00 from District 7 to fund improvements at the James Frazier Community Center as
identified in the master plan. Mr. DiSabato moved to approve with a second from Mr. Loftus and the
vote was unanimous.
Horry County Parks & Recreation- Bucksport and Sandridge Programs (Phillips) Ms. Hartley stated
the amount would be $7,000.00 from District 7 to provide funding support for recreation programs at
Bucksport Park and Sandridge Park. Mr. DiSabato moved to approve with a second from Mr. Loftus and
the vote was unanimous.
Waccamaw Economic Opportunity Council (Phillips) Ms. Hartley stated the amount would be $4,000.00
from District 7 for their 2019 Summer Food Service Program that provided meals to low income children
when school was out. Mr. DiSabato moved to approve with a second from Mr. Loftus and the vote was
unanimous.
The Samaritan House (Phillips) Ms. Hartley stated the amount was $3,000 from District 7 for providing
transportation and food services for low income families. Mr. DiSabato moved to approve with a second
from Mr. Loftus and the vote was unanimous.
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Horry County Council on Aging (Phillips) Ms. Hartley stated the amount was $6,000.00 from District 7 for
support of programs at Conway Senior Citizens Center and the Bucksport Senior Citizens Center. Mr.
DiSabato moved to approve with a second from Mr. Loftus and the vote was unanimous.
City of Conway Parks & Recreation (Phillips) Ms. Harley stated the amount was $5,000.00 from District 7
for funding support to develop programs for teenagers at city parks. Mr. DiSabato moved to approve with
a second from Mr. Loftus and the vote was unanimous.
Churches Assisting People (Phillips) Ms. Hartley stated the amount was $2,000.00 from District 7 for
assistance providing food for those less fortunate. Mr. DiSabato moved to approve with a second from
Mr. Loftus and the vote was unanimous.
Ms. Hartley noted there was one more that was not listed on the agenda. It was for Island Green South
Homeowners Association for $4,000.00 from Districts 1 and 4. It was to provide funding assistance with
removal of debris from Hurricane Florence. Mr. Loftus moved to approve with a second from Mr.
DiSabato and the vote was unanimous.
ATTACHMENTS (for information only):
County Council Expenses
COMMITTEE DISCUSSION: None
ANNOUNCMENTS: None
Mr. Loftus moved to enter into executive session with a second from Mr. DiSabato and the vote was
unanimous. Mr. DiSabato moved to exit executive session and the vote was unanimous.
Executive Session: Mr. Carotti stated that while in executive session the Committee received legal advice
where the legal advice relates to a pending, threatened or potential claim of legal advice relating to a matter
covered by the attorney-client privilege. While in executive session no decisions were made and no votes
were taken.
ADJOURNMENT: Mr. Loftus made a motion to adjourn at approximately 3:41 p.m. with a second from
Mr. DiSabato. The motion passed unanimously.
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County Council Decision Memorandum Horry County, South Carolina
Date: January 17, 2019 From: Courtney Kain, Community Development Director Division: Administration Cleared By: Justin Powell, Assistant County Administrator Re: HUD 2019 – 2020 Programming Update
ISSUE Update on HUD funding cycle BACKGROUND As an allocation announcement has not been issued for the upcoming program year and the availability of future funding is uncertain, Horry County has elected to temporarily suspend the HUD-funded programs application intake process for 2019-2020. Horry County will not be accepting applications for Community Development Block Grant (CDBG), Emergency Solutions Grant (ESG), or HOME Investment Partnerships Program (HOME) funding at this time. Community Development will reopen the application process at a future date and does not anticipate programmatic changes. Questions will be addressed as a part of the application process upon re-initiation. Any organization desiring to be included in the distribution of the notice of funding availability should send an email request with their name and organization to [email protected]. Applications will also be posted on the Horry County Community Development website upon announcement of the funding round. RECOMMENDATION: No action required
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2018 OSHA LOG REPORT UPDATE
2018 OSHA Log Summary
• 24 cases with days away from work
• 58 cases with restricted duty
• 126 other cases
• 703 days away from work
• 1,511 restricted duty days
• 208 total injuries
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2018 OSHA LOG REPORT UPDATE
2018 OSHA Log Comparison to 2017
• 201 less days out of work
• 353 less restricted duty days
• 12 more total recordable injuries
• Total hours worked by all employee increased by approximately 150,000 hours
• Averaged 177 more employees
1188
2985
134 208
904
1864
115 196
703
1511
126 208
0
500
1000
1500
2000
2500
3000
3500
Number of daysaway from work
Number of restrictedduty days
Other recordable Cases(Requiring Medical
Treatment)
Total injuries
OSHA Log Comparison 2016-2018
2016 2017 2018
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14
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January 16, 2019
Via Email and U.S. Mail The Honorable Johnny Gardner ([email protected]) Chris Eldridge, Administrator ([email protected]) Horry County, South Carolina Post Office Box 1236 Conway, South Carolina 29528
Re: Not Exceeding $50,000,000 South Carolina Jobs-Economic Development Authority Economic Development Revenue Bonds (Villas at Carolina Forest Project) (“Bonds”)
Dear Chairman Gardner and Mr. Edlridge:
Please allow this letter to serve as a request on behalf of the South Carolina Jobs-Economic Development Authority (“JEDA”) and The Villas at Carolina Forest, LLC (“Carolina Forest”) for Horry County Council to hold a public hearing and consider the enclosed resolution with respect to the above-referenced Bonds and the Project, as defined and described below, to be financed with the proceeds of the Bonds. JEDA and Carolina Forest are making this request to Horry County Council, the governing body of Horry County, South Carolina (“County”), in accordance with Title 41, Chapter 43 of the Code of Laws of South Carolina 1976, as amended, Section 147(f) of the Internal Revenue Code of 1986, as amended, and Section 5f.103-2(f) of the Treasury Regulations.
The Bonds are being issued by JEDA for the purpose of providing a loan to Carolina Forest (or a to be formed special purpose entity) to finance the acquisition, construction, and equipping of a senior living community, with independent, assisted living and memory care units, in the County (“Project”). The Project will have approximately 166 units, units and will include space for physical rehabilitation and therapeutic services and common spaces for dining and other social activities.
The Project will result in an anticipated capital investment in the County of approximately $53,000,000 and the direct employment of approximately 85 people within 24 months. In addition to beneficial capital investment and job creation resulting from the Project, the Project is anticipated to alleviate an unmet demand for assisted living and memory care housing in the County.
The Bonds issued to finance the Project are limited revenue obligations of JEDA and are secured solely by the revenues generated from the Project. The Bonds are not a general obligation indebtedness of JEDA and the County will have no liability with respect to the Bonds.
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JEDA and Carolina Forest kindly request that the Horry County Council hold the public hearing and consider the resolution at its February 5, 2019, meeting. Carolina Forest is more than happy to have representatives available at the meeting to answer questions about the Project and the Bonds.
Thank you for your consideration and assistance. Please do not hesitate to contact me with any questions or if you should need additional information.
Sincerely,
Emily S. Luther
Enclosures: stated
cc: Arrigo Carotti, Attorney, (via email: [email protected]) Horry County, South Carolina Justin Powell, Assistant County Administrator (via email: [email protected]) Horry County, South Carolina Gary T Pope, Jr. (via email: [email protected]) Pope Flynn, LLC
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1 PPAB 4657590v3
A RESOLUTION
RELATING TO THE ISSUANCE BY THE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS, IN ONE OR MORE SERIES, TAXABLE OR TAX-EXEMPT, IN THE PRINCIPAL AMOUNT OF NOT EXCEEDING $50,000,000
WHEREAS, the South Carolina Jobs-Economic Development Authority (“Authority”), acting by and through its Board of Directors, is authorized and empowered under and pursuant to the provisions of Title 41, Chapter 43 of the Code of Laws of South Carolina 1976, as amended (“Act”), to (i) utilize any of its program funds to establish loan programs for the purpose of reducing the cost of capital to qualified business enterprises in order to promote and develop the economic welfare of the State of South Carolina (“State”) and thus provide maximum opportunities for the creation and retention of jobs and improvement of the standard of living of the citizens of the State and (ii) act in conjunction with other persons and organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural, and recreational development in the State;
WHEREAS, the Authority is further authorized by Section 41-43-110 of the Act to issue revenue bonds, as defined in the Act, payable by the Authority solely from a revenue producing source and secured by a pledge of said revenues in order to provide funds for any program authorized by the Act;
WHEREAS, The Villas at Carolina Forest, LLC, a South Carolina limited liability company, the sole member of which is Central Housing & Community Services Corporation, a California nonprofit and tax-exempt organization, and one or more of its affiliated or related entities (collectively, “Borrower”), has applied to the Authority to issue not to exceed $50,000,000 of the Authority’s economic development revenue bonds (“Bonds”) in one or more series, taxable or tax-exempt, to defray the cost of (i) financing a portion of the costs of designing, acquiring, constructing, and equipping an approximately 166-unit senior living community consisting of independent living, assisted living, and memory care units located in Horry County, South Carolina (“County”) and related real estate, all of which the Borrower has represented constitutes property eligible to be financed with economic development revenue bonds (“Project”); (ii) funding certain reserve funds related to the Project and the Bonds; (iii) financing capitalized interest during the construction period of the Project; and (iv) providing for the payment of certain fees and expenses to be incurred in connection with the issuance of the Bonds;
WHEREAS, the Project will be located on Carolina Forest Boulevard, on property more particularly described as a 17.66 acre portion of TMS # 163-00-01-056;
WHEREAS, the Project will be initially owned and operated by the Borrower;
WHEREAS, the Borrower anticipates that the Project will benefit the State, generally, and the County, in particular, through the capital investment in the County resulting from the Project and the creation of new job opportunities (both direct and indirect) for people from the County and surrounding areas, with a resulting alleviation of unemployment, an increase in payrolls and tax revenues, and other public benefits, including the provision of affordable and decent housing, incident to the operation of the Project not otherwise provided locally; and
WHEREAS, on this date, prior to any deliberations regarding this Resolution, the Authority and the County Council (“Council”) jointly held a public hearing, at which all interested persons
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were given a reasonable opportunity to express their views, for the purposes of complying with Section 147(f) of the Internal Revenue Code of 1986, as amended, and Treasury Regulations Section 5f.103-2(f), as amended (collectively, “Federal Tax Requirements”) and Section 41-43-100 of the Act. The public hearing was duly noticed by publication in The Sun News, a newspaper having general circulation in the County, not less than 15 days prior to the date hereof.
NOW, THEREFORE, BE IT RESOLVED by Council of the County as follows:
Section 1. As required by the Act, and based on information certified by the Borrower to the County in the Certificate attached as Exhibit A, Council finds that (a) the Project will serve the purposes of the Act; (b) the Project is anticipated to benefit the general public welfare of the State and County by providing services, employment, or other public benefits not otherwise provided locally; (c) the Project will give rise to no pecuniary liability of the County or any incorporated municipality, or a charge against its respective general credit or taxing power; (d) the amount of Bonds required to finance the Project is expected to be not exceeding $50,000,000; and (e) the documents to be delivered by the Borrower and the Authority with respect to the Bonds will provide, among other things, (i) for the amount necessary in each year to pay the principal of and interest on the Bonds, (ii) the reserve funds, if any, to be established with respect to the retirement of the Bonds and the maintenance of the Project (and, if any such reserve funds are established, the amount necessary to be paid each year into such funds), and (iii) that the Borrower shall maintain the Project and carry all proper and customary insurance with respect thereto. The documents to be delivered by the Borrower and the Authority as required by subsection (e) of this Section shall be filed with the Clerk to County Council prior to the closing of any of the Bonds and the amount necessary to pay principal and interest on the Bonds contained therein shall be incorporated by reference into this Resolution when so filed.
Section 2. For purposes of satisfying the Federal Tax Requirements, the Project and the Bonds are hereby granted “public approval.” The Bonds are not an obligation or liability of the County.
Section 3. The Chairman and the County Administrator, or their designees, are authorized and directed to execute such documents as may be necessary to evidence the County’s “host approval,” as defined in the Federal Tax Requirements.
Section 4. All orders and resolutions and parts thereof in conflict herewith are to the extent of such conflict hereby repealed, and this Resolution shall take effect and be in full force and effect from and after its adoption.
[Signature Page Follows]
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AND IT IS SO RESOLVED.
Dated this _____ day of ____________, 2019.
HORRY COUNTY COUNCIL
________________________________________ Johnny Gardner, Chairman
Harold G. Worley, District 1 Orton Bellamy, District 7 Bill Howard, District 2 Johnny Vaught, District 8 Dennis DiSabato, District 3 W. Paul Prince, District 9 Gary Loftus, District 4 Danny Hardee, District 10 Tyler Servant, District 5 Al Allen, District 11 Cam Crawford, District 6
Attest: __________________________________ Patricia S. Hartley, Clerk to Council
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EXHIBIT A CERTIFICATE OF THE BORROWER
I, the undersigned, authorized officer of The Villas at Carolina Forest, LLC, hereby certify as follows in connection with a request for the County Council (“Council”) of Horry County, South Carolina (“County”) to hold a public hearing and consider a resolution on February 19, 2019, in connection with the issuance by the South Carolina Jobs-Economic Development Authority (“Authority”) of its not exceeding $50,000,000 Economic Development Revenue Bonds (Villas at Carolina Forest Project) (“Bonds”):
1. The Villas at Carolina Forest, LLC, or one or more affiliated or related entities (collectively “Borrower”) plans to acquire, design, construct and equip an approximately 166-unit senior housing community consisting of independent living, assisted living and memory care units (“Project”) in the County.
2. The Project will be located on Carolina Forest Boulevard in Myrtle Beach, South Carolina on property more particularly identified as a 17.66 acre portion of TMS # 163-00-01-056.
3. The Borrower will be the initial owner and operator of the Project following construction.
4. The Borrower anticipates that the Project will result in a capital investment in the County of approximately $53,000,000 and the direct employment of approximately 85 people within 24 months.
5. The Borrower anticipates that the Project will benefit the State of South Carolina, generally, and the County, in particular, through the capital investment in the County resulting from the Project and the creation of new job opportunities (both direct and indirect) for people from the County and surrounding areas, with a resulting alleviation of unemployment, an increase in payrolls and tax revenues, and other public benefits, including the provision of affordable and decent housing, incident to the operation of the Project not otherwise provided locally.
6. The Borrower anticipates that the capital investment and creation of job opportunities resulting from the Project will serve the purposes of Title 41, Chapter 43 of the Code of Laws of South Carolina, 1976, as amended, which purposes include the promotion and development of the business and economic welfare of the State, the location of new business enterprises in the State and the provision of opportunities for the creation of jobs.
7. Neither the Bonds nor the Project shall give rise to a pecuniary liability of the County or any incorporated municipality or a charge against the County’s or any municipality’s general credit or taxing power.
8. The Borrower is working with the Authority to facilitate the issuance of the Bonds in order to defray the costs of (i) financing the Project, (ii) funding certain reserve funds related to the Bonds and the Project, (iii) financing capitalized interest during the construction period of the Project, and (iv) paying certain fees and expenses to be incurred in connection with the issuance of the Bonds. The Borrower believes the amount of Bonds required to defray these costs is not exceeding $50,000,000.
9. The documents to be delivered by the Borrower and the Authority with respect to the Bonds will provide, among other things, (i) for the amount necessary in each year to pay the principal of and interest on the Bonds, (ii) the reserve funds, if any, to be established with respect to the retirement of the Bonds and the maintenance of the Project (and, if any such reserve funds are established, the amount necessary to be paid each year into such
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funds), and (iii) that the Borrower shall maintain the Project and carry all proper and customary insurance for the Project.
10. The sole member of The Villas at Carolina Forest, LLC is Central Housing & Community Services Corporation, a California nonprofit corporation and tax-exempt organization.
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THE VILLAS AT CAROLINA FOREST, LLC, by its Sole Member CENTRAL HOUSING & COMMUNITY SERVICES
CORPORATION
By: Name: Roscoe C. Wilson Its: President
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NOTICE OF PUBLIC HEARING
For the purposes of complying with the requirements set forth in Section 147(f) of the Internal Revenue
Code of 1986, as amended, and Section 5f.103-2(f) of the Treasury Regulations (collectively, “Federal Tax
Requirements”) and Chapter 43 of Title 41 of the Code of Laws of South Carolina 1976, as amended
(“Act”), NOTICE IS HEREBY GIVEN that the South Carolina Jobs-Economic Development Authority
(“Authority”) and Horry County, South Carolina (“County”) will hold a joint public hearing (“Public
Hearing”) during the County Council meeting on February 19, 2019, which meeting will begin at 6:00
p.m., in the County Council Chambers of the Horry County Government & Justice Center, located
at 1301 2nd Avenue, Conway, South Carolina 29526 regarding the issuance by the Authority of its
Economic Development Revenue Bonds in one or more taxable or tax-exempt series in a maximum
aggregate principal amount of not to exceed $50,000,000 (collectively, “Bonds”).
The Authority will loan the proceeds of the Bonds (“Loan”) to The Villas at Carolina Forest, LLC, a
South Carolina limited liability company, the sole member of which is Central Housing & Community
Services Corporation, a California nonprofit corporation and tax-exempt organization, and one or more of
its related or affiliated entities (collectively, “Borrower”). The Borrower intends to use the proceeds of the
Bonds to defray the cost of (i) financing a portion of the costs of designing, acquiring, constructing, and
equipping an approximately 166-unit senior living community consisting of independent living, assisted
living, and memory care units in the County and related real estate (“Project”); (ii) funding certain reserve
funds related to the Project and the Bonds, (iii) financing capitalized interest during the construction
period of the Project; and (iv) providing for the payment of certain fees and expenses to be incurred in
connection with the issuance of the Bonds.
The Project will be initially owned and operated by the Borrower. The Project will be located on
Carolina Forest Boulevard on property more particularly identified as a 17.66 acre portion of TMS # 163-
00-01-056.
The Bonds, when issued, will be special, limited obligations of the Authority payable from the revenues
derived from the repayment of the Loan by the Borrower. The County will have no financial responsibility
for the Bonds.
At the time and place fixed for the Public Hearing, all persons who appear will be given an opportunity
to express their views, both orally and in writing, for or against the proposed issuance of the Bonds, the
location and nature the facility to be financed, and the approval of the issuance of the Bonds by the County,
which approval is required by the Federal Tax Requirements and the Act. Prior to the Public Hearing,
written comments may be delivered to the Clerk to County Council at the County Administration Building,
1301 2nd Avenue, Conway, South Carolina 29526. All interested persons are invited to present their
comments and views at the time and place of the Public Hearing. If special accommodations are needed to
participate in the public hearing, please contact the County Council office at 843-915-5120 at least 48 hours
prior to the scheduled meeting date
SOUTH CAROLINA JOBS-ECONOMIC
DEVELOPMENT AUTHORITY
HORRY COUNTY, SOUTH CAROLINA
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-1-
County Council Decision Memorandum Horry County, South Carolina
Date: January 17, 2019
From: Barry Spivey, Finance Director
Cleared By: Chris Eldridge, County Administrator
Justin Powell, Assistant County Administrator
Arrigo Carotti, County Attorney
Division: Administration
Re: Audit Committee approval of non-audit engagement with independent auditor
ISSUE
The County Council adopted Resolution R-77-11 approving the Horry County Audit Committee Charter
(Charter) on August 16, 2011 to implement the Government Finance Officers Association “Best
Practice” for establishment of an Audit Committee. Resolution R-14-12 revised the Charter to reflect the
authority of the Administrator, contained in the Financial Policy (Chapter 2, Article V, and Division 5
of the Horry County Code of Ordinances) to engage outside professionals to conduct Internal Audits as
deemed necessary.
Section C of the Charter provides: the Committee shall approve, in advance, any audit and any
permissible non-audit engagement or relationship between the County and the independent auditors
(except as otherwise provided in this Charter).
Horry County is requesting the engagement of our current auditor, Elliott Davis LLC/PLLC, to assist the
County with implementation of a financial statement reporting software. Elliott Davis by assisting with
the implementation would leverage their existing audit file currently prepared in the same software and
by participating in the project will minimize additional future audit procedures on the new reporting
model making the project less costly to the County. Elliott Davis would be providing technical assistance
and access to existing software schematics from their audit work papers. Staff maintains full
responsibility for the work product and internal controls over financial reporting. Elliott Davis’
independence would not be impacted by this engagement. Fees are estimated not to exceed $20,000.
RECOMMENDATION
Staff recommends approval of this non-audit engagement for Elliott Davis.
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County Council Briefing Memorandum Horry County, South Carolina
Date: January 17, 2019
From: Barry Spivey, Finance Director
Division: Administration Division
Cleared By: Chris Eldridge, County Administrator
Melanie Gruber, Manager – Budget
Re: Administrator’s Contingency Account
ISSUE
Briefing on the use of funds from the Administrator’s Contingency Account during FY 2019.
BACKGROUND
The County’s Financial Policy requires reporting on the use of the General Fund Contingency
Account. The table below provides amounts used during the FY2019 budget year for the period
July 1, 2018 to June 30, 2019.
Excerpt from the Financial Policies:
General Fund Emergency Contingency. Administration understands that in order to avoid
financial instability, continuing requirements cannot increase faster than continuing revenues and
therefore an emergency contingency account in the General Fund shall be established each fiscal
year during the budget process. The account will be funded at a level consistent with prior year
trends and based on current year needs.
Expenditures from the General Fund Contingency Account shall be limited to the following:
(a) "One-time only" allocations.
(b) Emergency situations which, if left unattended, will jeopardize the health and safety of
the community.
(c) Unanticipated expenditures that are necessary to keep previous public commitments or
fulfill a legislative or contractual mandate or can be demonstrated to result in
significant administrative or programmatic efficiencies that cannot be covered by
existing appropriations.
Period Description Amount
FY2019 Budget 150,000.00$
1st Quarter Team Horry Shirts and Hats 18,742.40
2nd Quarter -
TOTAL SPENT: 18,742.40$
FY 2019 Balance 131,257.60$
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Horry County Selected Financial Highlights
For the Five Months Ended November 30, 2018
129
Executive Summary General FundNovember 30, 2018 Interim Results
2
Annual Budget YTD
Actual
Variance Annual Budget /
Actual YTD
Actual Variance
Actual / Actual Revenues 163,278,129$ 43,403,640$ (119,874,489)$ 44,551,906$ (1,148,266)$ Expenditures 160,534,077 62,076,933 98,457,144 54,345,021 (7,731,912)
Net Change in Fund Balance (25,026,237)$ (26,990,911) (1,964,674)$ (14,351,717) (12,639,194)$ Fund Balance, July 1 78,130,051 63,808,960
Fund Balance, November 30 51,139,140$ 49,457,243$
FY19% Actual to
Budget
FY18% Actual to
Budget
Revenues 26.58% 27.85%Expenditures 38.67% 35.01%
FOR THE FIVE MONTHS ENDED,November 30, 2018 November 30, 2017
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3
Executive Summary General FundNovember 30, 2018 Interim Results
Comments Annual Budget
Year-to-dateActual
Year-to-dateActual
Variance Actual/Actual
Real and Personal property taxes 89,450,813$ 18,477,811$ 18,890,859$ (413,048) Timing of collections received.
Business Licenses 5,161,350 474,768 383,332 91,436
EMS fees 9,703,000 2,690,687 2,929,409 (238,722) Decrease in collections in current year.
Register of Deeds fees 7,809,121 3,202,948 3,080,773 122,175 Documentary stamps up $154k.
Building permits 6,146,869 2,267,829 2,619,759 (351,930) YTD building permit count down 3% from prior year, construction value up 17%.
Intergovernmental-State 11,430,220 3,113,971 3,930,584 (816,613) Decrease primarily due to change in PEBA accounting methodology.
Interest Income 602,038 650,078 288,118 361,960 Increase in investment rates, as well as overall investment balances.
Other 32,974,718 12,525,548 12,429,072 96,476
163,278,129$ 43,403,640$ 44,551,906$ (1,148,266)$
Significant Revenue Variances from Prior Year - Five Months EndedNovember 30, 2018 November 30, 2017
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4
Executive Summary General FundNovember 30, 2018 Interim Results
Comments Annual Budget
Year-to-dateActual
Year-to-dateActual
Variance Actual/Actual
Personal Services 110,813,541$ 43,107,601$ 37,255,053$ (5,852,548)$ Due to timing of payroll, as of November 30, 2018, FY 2019 has one more pay period than FY 2018.
Supplies & materials 12,069,290 3,274,701 3,684,390 409,689 Decrease in asphalt supplies $227k, noncapital equipment $71k and repairs & maintenance $120k.
Contributions to agencies 659,172 434,654 933,145 498,491 Decrease in funding to CRTA.
Contractual Services 19,333,936 7,650,007 7,586,222 (63,785) Increase in service contracts ($281k), decrease in drainage improvements $232k.
Increases in vehicle cost recovery for Sheriff, Police, Detention and Maintenance. Increase in heavy equipment cost recovery for PW-Maintenance.
Disaster Expenditures - 1,951,359 81,005 (1,870,354) Increase due to Hurricane Florence Other Operating Expenditures 11,297,600 3,008,387 2,705,497 (302,890)
160,534,077$ 62,076,933$ 54,345,021$ (7,731,912)$
November 30, 2018 Significant Expenditure Variances from Prior Year - Five Months Ended
November 30, 2017
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5
Executive Summary Special Revenue FundNovember 30, 2018 Interim Results
Annual Budget
Year-to-dateActual
Year-to-date Actual
Variance Actual / Actual Comments
Fire
Revenues 21,886,826$ 4,961,390$ 4,960,192$ 1,198$ Decrease in real and personal property taxes ($22k), increase in interest on investments $19k.
Expenditures 20,896,054 7,219,204 5,898,306 (1,320,898) Increase in personal services ($1.1M) and disaster expenditure ($287k).
Other Financing Sources (Uses) (4,122,655) (1,713,610) (286,238) (1,427,372) Increase in transfers for fire capital plan.Net Change in Fund Balance (3,131,883)$ (3,971,424)$ (1,224,352)$ (2,747,072)$
Road Maintenance & CTC
Revenues 19,158,603$ 7,213,009$ 7,090,775$ 122,234$ Increase in road maint. fees $304k and interest $116k and a timing decrease in state revenue ($298k)..
Increase in funding to CRTA ($530k), heavy equipment cost recovery ($229k) and construction projects ($1.2M), decrease in contributions to municipalities $110k.
Other Financing Sources (Uses) 454,534 10,000 - 10,000
Net Change in Fund Balance (31,854,925)$ 2,298,904$ 3,952,540$ (1,653,636)$
Beach Renourishment
Revenues 11,081,250$ 4,820,499$ 509,638$ 4,310,861$ Increase in funding of Arcadian Shores beach renourisment project.
Expenditures 16,855,215 82,647 7,391 (75,256) Increase in contractual services.
Net Change in Fund Balance (5,773,965)$ 4,737,852$ 502,247$ 4,235,605$
FOR THE FIVE MONTHS ENDED,November 30, 2018 November 30, 2017
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6
Executive Summary Special Revenue FundNovember 30, 2018 Interim Results
Annual Budget
Year-to-dateActual
Year-to-date Actual
Variance Actual / Actual Comments
Stormwater
Revenues 7,246,398$ 1,702,584$ 1,188,527$ 514,057$ Increase due to rate increase for FY 2019.
Expenditures 9,608,564 3,545,762 2,060,871 (1,484,891) Increase in personal services, due to timing of pay periods, ($155k) and disaster expenditures ($1.3M).
Other Financing Sources (Uses) 2,066,218 (389,076) (558,727) 169,651 Decrease in transfers for heavy equipment.
Net Change in Fund Balance (295,948)$ (2,232,254)$ (1,431,071)$ (801,183)$
Recreation
Revenues 4,724,755$ 1,253,001$ 1,319,905$ (66,904)$ Increase in interest on investments $5k, decrease in real and personal property taxes ($13k) and programs ($59k).
Expenditures 5,196,441 1,610,975 1,488,299 (122,676) Increase in personal services due to timing of pay periods.
Other Financing Sources (Uses) 32,175 4,365 (3,530) 7,895
Net Change in Fund Balance (439,511)$ (353,609)$ (171,924)$ (181,685)$
FOR THE FIVE MONTHS ENDED,November 30, 2018 November 30, 2017
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HORRY COUNTY, SC
INTERIM FINANCIAL STATEMENTS
GENERAL AND SELECTED SPECIAL REVENUE FUNDS
November 30, 2018
UNAUDITED
Prepared By the Horry County Finance Department
Interim financial statement reports are presented as a financial snapshot of operations with analysis.
35
GENERAL FUND HIGHLIGHTSFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
General government,
$14,496,215 , 23%
Public safety, $37,832,087 , 61%
Health and social services, $728,201 , 1%
Infrastructure and regulation,
$6,467,463 , 11%
Culture, recreation and tourism,
$2,118,313 , 3% Other, $434,654 , 1%
General Fund Expenditures by Activity
Real, Personal &Vehicle taxes, 21,919,651 , 50%
Fee in lieu of tax, 346,661 , 1%
Intergovernmental, 3,462,597 , 8%
Fees and fines, 10,006,887 , 23%
Documentary stamps, 2,204,529
, 5%
License and permits, 2,861,906
, 7%
Other, 2,601,409 , 6%
General Fund Revenues
General Government,
$8,558,250 , 20%
Public Safety, $27,713,791 , 64%
Health and Social Services:, $603,415 ,
1%
Infrastructure & Reg, $5,036,752 ,
12%
Culture, Recreation and Tourism:, $1,195,393 ,
3%
General Fund Personal Services by Activity
36
REVENUE SOURCES FOR SELECTED SPECIAL REVENUE FUNDSFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
Annual Annual Budget / to Annual Actual /Budget Actual Actual Budget Actual Actual
Total revenues 163,278,129$ 43,403,640$ (119,874,489)$ 26.58% 44,551,906$ (1,148,266)$ Total expenditures 160,534,077 62,076,933 98,457,144 38.67% 54,345,021 (7,731,912) Excess of revenues over expenditures 2,744,052 (18,673,293) (21,417,345) -680.50% (9,793,115) (8,880,178) Other Financing Sources (Uses) (27,770,289) (8,317,618) 19,452,671 29.95% (4,558,602) (3,759,016) Net Change in Fund Balance (25,026,237)$ (26,990,911)$ (1,964,674)$ (14,351,717)$ (12,639,194)$
Total expenditures 160,534,077$ 62,076,933$ 98,457,144$ 38.67% 54,345,021$ (7,731,912)$ Total encumbrances - 5,184,692 (5,184,692) 6,572,074 1,387,382 Total expenditures & encumbrances 160,534,077$ 67,261,625$ 93,272,452$ 41.90% 60,917,095$ (6,344,530)$
INTRODUCTION
REVENUESTotal General Fund actual revenues decreased by $1.1M over prior year. Below lists each revenue category with year to date total and comparison to prior year to date totaland the explanation of the change.
Total actual Revenues of $43.4M was offset by expenditures of $62.1M and Other Financing Uses of $8.3M to produce an decrease in Fund Balance of $27.0M.
HORRY COUNTY, SOUTH CAROLINA
EXECUTIVE OVERVIEWFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
(with comparative actual amounts for the period ended November 30, 2017)UNAUDITED
FY 2018FY 2019
Highlights relating to Revenues and Expenditures
Comments Annual Budget
Year-to-dateActual
Year-to-dateActual
Variance Actual/Actual
Real and Personal property taxes 89,450,813$ 18,477,811$ 18,890,859$ (413,048) Timing of collections received.
Business Licenses 5,161,350 474,768 383,332 91,436
EMS fees 9,703,000 2,690,687 2,929,409 (238,722) Decrease in collections in current year.
Register of Deeds fees 7,809,121 3,202,948 3,080,773 122,175 Documentary stamps up $154k.
Building permits 6,146,869 2,267,829 2,619,759 (351,930) YTD building permit count down 3% from prior year, construction value up 17%.
Intergovernmental-State 11,430,220 3,113,971 3,930,584 (816,613) Decrease primarily due to change in PEBA accounting methodology.
Interest Income 602,038 650,078 288,118 361,960 Increase in investment rates, as well as overall investment balances.
Other 32,974,718 12,525,548 12,429,072 96,476
163,278,129$ 43,403,640$ 44,551,906$ (1,148,266)$
Significant Revenue Variances from Prior Year - Five Months EndedNovember 30, 2018 November 30, 2017
38
EXPENDITURESGeneral Fund - Budgetary Basis
A C D E F GVariance % Actual Variance
Annual Actual Annual Budget / to Annual Actual Actual /Budget & Encumbrances Actual Budget & Encumbrances Actual
EXPENDITURESTotal general fund actual expenditures are ($7.7M) higher than prior year. This is primarily due to increases in Personal Services ($5.9M) and Disasterexpenditures ($1.9m) , along with decreases in Supplies and materials $410k, and Contributions to Agencies $498k. The general fund expenditures annualbudget of $160,534,077 includes personal services (salaries and fringe benefits) of $110,813,541 which is 69.0% of the total expenditure budget.
FY 2019
Total general fund actual other operating expenditures for FY19 are ($1.9M) higher than FY18. The change in other operating expenditures is illustrated below:
(with comparative actual amounts for the period ended November 30, 2017)UNAUDITED
Actual personal services costs are ($5.9M) higher than last year. The change in personal services is illustrated below:
•Total general fund actual salaries have increased ($4.7M) and fringe benefits have increased ($1.2M) primarily due to timing of pay periods. There is one additional pay period in November 2018 compared to November 2017.
HORRY COUNTY, SOUTH CAROLINA
EXECUTIVE OVERVIEWFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
Highlights
FY 2018
•Supplies and materials decreased primarily due to decreases in asphalt supplies, noncapital equipment and repairs and maintenance. Cost recovery accounts (included in other) experienced increases in FY19. Increase in disaster expenditures due to Hurricane Florence. Other agencies decreased by $498k, due to funding of Coastal Rapid Transit Authority and movement to Road Maintenance Fund.
Cash and cash equivalants 2,896,016$ 1,748,447$ Pooled cash and investments 63,311,369 56,985,410 Receivables, net: Property taxes and other taxes 73,856,646 68,502,084 Accounts and other 5,261,098 4,399,516 Fees 3,505,467 3,045,875 Due from other funds 513,269 897,616 Due from other governments 2,607,830 4,335,594 Inventories 66,060 73,100 Prepaid items 2,730,003 2,749,507
Accrued salaries & wages 3,028,006 152,931 Due to other governments 1,523,950 1,460,539 Due to taxpayers for overpayment 244,312 244,312 Funds held in trust - proceeds from sale of properties due to delinquent taxes 5,671,655 5,938,928 Other accrued liabilities 4,832,121 4,598,511
Total Liabilities 18,191,133 13,988,693
Deferred inflows of resourcesUnavailable revenues - fees and other 8,056,138 8,115,562 Unavailable revenues - property taxes 77,361,347 71,175,651
Total deferred inflows of resources 85,417,485 79,291,213
Fund balancesNonspendable 2,796,063 2,822,607 Committed to public safety 2,001,085 1,707,176 Committed to culture, recreation & tourism 327,045 89,081 Committed to infrastructure & regulation 1,412,475 1,359,519 Committed to reserves 40,750,230 39,948,186 Committed to other purposes 2,007,677 1,660,780 Committed to mosquito abatement 3,000,000 - Committed to early lease payoff 6,918,492 - Committed to capital projects 6,200,000 - Committed to OPEB 2,425,323 2,175,323 Committed to abatement/demolition 961,420 - Assigned to other purposes - 426,949 Unassigned (17,660,670) (732,378)
Total fund balances 51,139,140 49,457,243
154,747,758$ 142,737,149$
HORRY COUNTY, SOUTH CAROLINAGENERAL FUND
BALANCE SHEETSAs of November 30, 2018
(with comparative amounts as of November 30, 2017)
Total liabilities, deferred inflows of resources and fund balances
40
A B C D EAnnual Variance Annual Variance
Revenues Budget Actual Budget / Actual Actual Actual / Actual
Real property taxes 80,734,353$ 17,184,325$ (63,550,028)$ 17,347,297$ (162,972)$ Personal property taxes 5,697,626 946,826 (4,750,800) 986,426 (39,600) Vehicle taxes 8,681,408 3,788,500 (4,892,908) 3,696,820 91,680 Fee in lieu of tax 3,018,834 346,661 (2,672,173) 557,136 (210,475) Intergovernmental 11,801,059 3,462,597 (8,338,462) 4,080,554 (617,957) Fees and fines 29,325,054 10,006,887 (19,318,167) 10,428,816 (421,929) Documentary stamps 5,219,446 2,204,529 (3,014,917) 2,050,390 154,139 License and permits 11,672,194 2,861,906 (8,810,288) 3,149,383 (287,477) Cost allocation 3,500,411 - (3,500,411) - - Other 3,627,744 2,601,409 (1,026,335) 2,255,084 346,325
Total revenues 163,278,129 43,403,640 (119,874,489) 44,551,906 (1,148,266)
ExpendituresCurrent:
General government 39,055,196 14,496,215 24,558,981 13,141,526 (1,354,689) Public safety 93,468,945 37,832,087 55,636,858 31,650,417 (6,181,670) Health and social services 1,628,689 728,201 900,488 674,587 (53,614) Infrastructure and regulation 19,871,993 6,467,463 13,404,530 5,891,221 (576,242) Culture, recreation and tourism 5,885,082 2,118,313 3,766,769 2,054,125 (64,188) Other 624,172 434,654 189,518 933,145 498,491
Total expenditures 160,534,077 62,076,933 98,457,144 54,345,021 (7,731,912)
Excess (deficiency) of revenues over (under) expenditures 2,744,052 (18,673,293) (21,417,345) (9,793,115) (8,880,178)
Other Financing Sources (Uses)Sales of assets 100,000 149,366 49,366 326,324 (176,958) Lease Financing - - - - - Transfers in 670,183 284,603 (385,580) 284,733 (130) Transfers out (28,540,472) (8,751,587) 19,788,885 (5,169,659) (3,581,928)
Total other financing sources (uses) (27,770,289) (8,317,618) 19,452,671 (4,558,602) (3,759,016)
Net change in fund balance (25,026,237) (26,990,911) (1,964,674) (14,351,717) (12,639,194)
Fund balance at beginning of year 78,130,051 78,130,051 - 63,808,960 14,321,091
Fund balance at of end of period 53,103,814$ 51,139,140$ (1,964,674)$ 49,457,243$ 1,681,897$
Prior Year
FY 2018
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
GENERAL FUND
HORRY COUNTY, SOUTH CAROLINA
STATEMENTS OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FY 2019
(with comparative actual amounts for the period ended November 30, 2017)
41
General Fund Revenue ‐ Building Permits
Horry County, South Carolina
For the Twelve Month Period ended November 30, 2018 and 2017
Horry County, South Carolina
General Fund Revenue ‐ Business License
For the Twelve Month Period ended November 30, 2018 and 2017
42
Horry County, South Carolina
For the Twelve Month Period ended November 30, 2018 and 2017
For the Twelve Month Period ended November 30, 2018 and 2017
Horry County, South Carolina
General Fund Revenue ‐ Documentary Stamps
General Fund Revenue ‐ EMS Fees
43
A C D E F GVariance % Actual Prior Variance
Annual Annual Budget / to Annual Year Actual /Budget Actual Actual Budget Actual Actual
Total revenues 21,886,826$ 4,961,390$ (16,925,436)$ 22.67% 4,960,192$ 1,198$ Total expenditures 20,896,054 7,219,204 13,676,850 34.55% 5,898,306 (1,320,898) Excess of revenues over expenditures 990,772 (2,257,814) (3,248,586) -227.88% (938,114) (1,319,700) Other Financing Sources (Uses) (4,122,655) (1,713,610) 2,409,045 41.57% (286,238) (1,427,372)
Net Change in Fund Balance (3,131,883)$ (3,971,424)$ (839,541)$ (1,224,352)$ (2,747,072)$
Total expenditures 20,896,054$ 7,219,204$ 13,676,850 34.55% 5,898,306$ (1,320,898)$ Total encumbrances - 314,149 (314,149) 497,269 183,120
Total expenditures & encumbrances 20,896,054$ 7,533,353$ 13,362,701$ 36.05% 6,395,575$ (1,137,778)$
Highlights relating to Revenues and Expenditures
Total actual revenues through November 30, 2018 were about the same. However; property tax revenues were down ($22k), while interestrevenue was up $18k.
Total actual expenditures increased ($1.3M). The change in personal services is illustrated below:
•Salaries increased by ($846k) and benefits Increased by ($235k) primarily due to timing of pay periods in November.
The change in other operating expenditures is illustrated below:
Increase in disaster expenditures due to Hurricane Florence.
(with comparative amounts as of November 30, 2017)
Fire Fund - Budgetary BasisFY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
EXECUTIVE OVERVIEWFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
(with comparative amounts as of November 30, 2017)
HORRY COUNTY, SOUTH CAROLINA
EXECUTIVE OVERVIEWFOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018
A C D E F GVariance % Actual Prior Variance
Annual Annual Budget / to Annual Year Actual /Budget Actual Actual Budget Actual Actual
Total revenues 19,158,603$ 7,213,009$ (11,945,594)$ 37.65% 7,090,775$ 122,234$ Total expenditures 51,468,062 4,924,105 46,543,957 9.57% 3,138,235 (1,785,870) Excess of revenues over expenditures (32,309,459) 2,288,904 34,598,363 -7.08% 3,952,540 (1,663,636) Other Financing Sources (Uses) 454,534 10,000 (444,534) 2.20% - 10,000 Net Change in Fund Balance (31,854,925)$ 2,298,904$ 34,153,829$ 3,952,540$ (1,653,636)$
Total expenditures 51,468,062$ 4,924,105$ 46,543,957$ 9.57% 3,138,235$ (1,785,870)$ Total encumbrances - 4,525,718 (4,525,718) 4,098,843 (426,875) Total expenditures & encumbrances 51,468,062$ 9,449,823$ 42,018,239$ 18.36% 7,237,078$ (2,212,745)$
FY 2019 FY 2018
Salaries and related benefits have increased by ($16k).
Highlights relating to Revenues and Expenditures
Total actual revenues through November 30, 2018 increased by $122k, primarily due to an increase in Road Maintenance Fees $304k, Interestincome $116k and a timing decrease in State CTC funds ($298k).
Increases were Cost Recovery ($229k), Construction Projects ($1.1M) and Contributions to Agencies - CRTA ($540k).
Total actual expenditures increased ($1.8M). The change in Personal Services is illustrated below:
The change in other operating expenditures is illustrated below:
Annual Variance Annual Prior Year VarianceBudget Actual Budget / Actual Actual Actual / Actual
Revenues Real property taxes 17,657,354$ 3,517,447$ (14,139,907)$ 3,536,357$ (18,910)$ Personal property taxes 1,478,866 211,866 (1,267,000) 212,546 (680) Vehicle taxes 2,623,770 1,141,079 (1,482,691) 1,111,191 29,888 Fee in lieu of tax 45,455 28,739 (16,716) 60,834 (32,095) Intergovernmental 26,594 7,763 (18,831) 6,649 1,114 Interest 50,000 49,665 (335) 31,012 18,653 Other 4,787 4,831 44 1,603 3,228 Total revenues 21,886,826 4,961,390 (16,925,436) 4,960,192 1,198
Expenditures Current: Public safety:
Personal services 15,089,968 5,996,613 9,093,355 4,915,323 (1,081,290) Contractual services 1,300,494 322,324 978,170 406,867 84,543 Supplies and material 1,350,271 146,521 1,203,750 244,938 98,417 Business and transportation 1,038,661 304,303 734,358 253,856 (50,447) Capital outlay 285,167 17,902 267,265 7,582 (10,320) Other 281,493 125,880 155,613 51,825 (74,055) Disaster expenditure - 305,661 (305,661) 17,915 (287,746) Contingency 250,000 - 250,000 - - Cost allocation 1,300,000 - 1,300,000 - -
Total expenditures 20,896,054 7,219,204 13,676,850 5,898,306 (1,320,898)
Excess (deficiency) of revenues over (under) expenditures 990,772 (2,257,814) (3,248,586) (938,114) (1,319,700)
Other Financing Sources (Uses)
Other financing sources - 4,163 4,163 - 4,163 Transfer out (4,122,655) (1,717,773) 2,404,882 (286,238) (1,431,535)
Total other financing sources (uses) (4,122,655) (1,713,610) 2,409,045 (286,238) (1,427,372)
Net change in fund balance (3,131,883) (3,971,424) (839,541) (1,224,352) (2,747,072)
Fund balance at beginning of year 10,121,476 10,121,476 - 9,076,699 1,044,777 Fund balance at end of period 6,989,593$ 6,150,052$ (839,541)$ 7,852,347$ (1,702,295)$
FY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
FIRE SPECIAL REVENUE FUNDSCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -
BUDGET (GAAP BASIS) AND ACTUAL
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018(with comparative actual amounts for the period ended November 30, 2017)
50
Annual Variance Annual Prior Year VarianceRevenues Budget Actual Budget / Actual Actual Actual / Actual
Total engineer 37,118,995 2,440,257 34,678,738 1,240,585 (1,199,672)
Operations:Personal services 753,773 248,798 504,975 233,224 (15,574) Contractual services 27,980 5,768 22,212 5,022 (746) Supplies and Material 18,016 4,913 13,103 2,930 (1,983) Business and Transportation 120,190 43,025 77,165 45,616 2,591 Construction Projects 7,802,316 605,780 7,196,536 693,089 87,309 Distributions to Municipalities 2,714,851 739,752 1,975,099 850,143 110,391 Contributions to Agencies 2,059,694 539,526 1,520,168 - (539,526) Other-cost recovery 711,086 296,286 414,800 67,626 (228,660) Cost allocation 141,161 - 141,161 - -
Total operations 14,349,067 2,483,848 11,865,219 1,897,650 (586,198) Total expenditures 51,468,062 4,924,105 46,543,957 3,138,235 (1,785,870)
Excess of revenues
over (under) expenditures (32,309,459) 2,288,904 34,598,363 3,952,540 (1,663,636)
Other Financing Sources (Uses)
Transfers in 454,534 10,000 444,534 - 10,000 Total other financing sources (uses) 454,534 10,000 444,534 - 10,000
Net change in fund balance (31,854,925) 2,298,904 34,153,829 3,952,540 (1,653,636)
Fund balance at beginning of year 35,234,024 35,234,024 - 29,446,406 5,787,618 Fund balance at end of period 3,379,099$ 37,532,928$ 34,153,829$ 33,398,946$ 4,133,982$
FY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
ROAD MAINTENANCE & CTC SPECIAL REVENUE FUNDSCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -
BUDGET (GAAP BASIS) AND ACTUAL
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018(with comparative actual amounts for the period ended November 30, 2017)
51
Annual Variance Annual Prior Year VarianceBudget Actual Budget / Actual Actual Actual / Actual
Revenues Federal Revenue 1,000,000$ -$ (1,000,000)$ -$ -$ State Revenue 9,041,250 4,291,250 (4,750,000) - 4,291,250 Local accommodations tax 1,000,000 474,426 (525,574) 483,831 (9,405) Interest 40,000 54,823 14,823 25,807 29,016
Total revenues 11,081,250 4,820,499 (6,260,751) 509,638 4,310,861
Total expenditures 16,855,215 82,647 16,772,568 7,391 (75,256)
Excess of revenues over (under) expenditures (5,773,965) 4,737,852 10,511,817 502,247 4,235,605
Fund balance at beginning of year 6,865,988 6,865,988 - 6,006,066 859,922 Fund balance at end of period 1,092,023$ 11,603,840$ 10,511,817$ 6,508,313$ 5,095,527$
FY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
BEACH RENOURISHMENT SPECIAL REVENUE FUNDSCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -
BUDGET (GAAP BASIS) AND ACTUAL
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018(with comparative actual amounts for the period ended November 30, 2017)
52
Annual Variance Annual Prior Year VarianceBudget Actual Budget / Actual Actual Actual / Actual
Total expenditures 9,608,564 3,545,762 6,062,802 2,060,871 (1,484,891)
Excess (deficiency) of revenues over (under) expenditures (2,362,166) (1,843,178) 518,988 (872,344) (970,834)
Other Financing Sources (Uses)
Transfers in 3,000,000 - (3,000,000) - - Transfers out (933,782) (389,076) 544,706 (558,727) 169,651
Total other financing sources (uses) 2,066,218 (389,076) (2,455,294) (558,727) 169,651
Net change in fund balance (295,948) (2,232,254) (1,936,306) (1,431,071) (801,183)
Fund balance at beginning of year 2,036,353 2,036,353 - 2,918,587 (882,234) Fund balance (deficit) at end of period 1,740,405$ (195,901)$ (1,936,306)$ 1,487,516$ (1,683,417)$
FY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
STORMWATER MANAGEMENT SPECIAL REVENUE FUNDSCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -
BUDGET (GAAP BASIS) AND ACTUAL
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018(with comparative actual amounts for the period ended November 30, 2017)
53
Annual Variance Annual Prior Year VarianceBudget Actual Budget / Actual Actual Actual / Actual
Revenues Real property taxes 3,190,972$ 664,025$ (2,526,947)$ 674,902$ (10,877)$ Personal property taxes 220,680 36,993 (183,687) 38,530 (1,537) Vehicle taxes 343,959 150,024 (193,935) 146,395 3,629 Fee in lieu of tax 28,433 6,671 (21,762) 10,592 (3,921) Intergovernmental 161 794 633 134 660 Interest 15,000 13,268 (1,732) 8,453 4,815 Program fees 925,550 381,226 (544,324) 440,899 (59,673) Total revenues 4,724,755 1,253,001 (3,471,754) 1,319,905 (66,904)
Excess (deficiency) of revenues over (under) expenditures (471,686) (357,974) 113,712 (168,394) (189,580)
Other Financing Sources (Uses)
Transfers in 63,500 17,417 (46,083) 9,265 8,152 Transfers out (31,325) (13,052) 18,273 (12,795) (257)
Total other financing sources (uses) 32,175 4,365 (27,810) (3,530) 7,895
Net change in fund balance (439,511) (353,609) 85,902 (171,924) (181,685)
Fund balance at beginning of year 2,363,098 2,363,098 - 2,246,296 116,802 Fund balance at end of period 1,923,587$ 2,009,489$ 85,902$ 2,074,372$ (64,883)$
FY 2019 FY 2018
HORRY COUNTY, SOUTH CAROLINA
RECREATION SPECIAL REVENUE FUNDSCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE -
BUDGET (GAAP BASIS) AND ACTUAL
FOR THE FIVE MONTHS ENDED NOVEMBER 30, 2018(with comparative actual amounts for the period ended November 30, 2017)
54
Year 1
FY 2018
Year 2
FY 2019
Year 3
FY 2020
Year 4
FY 2021
Year 5
FY 2022
Year 6
FY 2023
Year 7
FY 2024
Year 8
FY 2025
May
6,231,423
$
6,853,549
$
‐$
‐$
‐$
‐
$
‐$
‐
$
June
7,988,418
$
8,836,865
$
‐$
‐$
‐$
‐
$
‐$
‐
$
July
9,085,753
$
9,048,487
$
‐$
‐$
‐$
‐
$
‐$
‐
$
Aug
7,512,049
$
8,106,258
$
‐$
‐$
‐$
‐
$
‐$
‐
$
Sept
5,965,135
$
5,304,936
$
‐$
‐$
‐$
‐
$
‐$
‐
$
Oct
5,902,326
$
6,019,996
$
‐$
‐$
‐$
‐
$
‐$
‐
$
Nov
5,130,067
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Dec
5,718,778
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Jan
4,327,222
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Feb
4,774,793
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Mar
6,178,934
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Apr
7,003,940
$
‐$
‐$
‐$
‐$
‐
$
‐$
‐
$
Actual
75,818,838
$
44,170,091
$
‐$
‐
$
‐$
‐$
‐$
‐$
Budge
t69,510,676
$
70,692,358
$
71,894,128
$
73,116,328
$
74,359,306
$
75,623,414
$
76,909,012
$
79,894,778
$
Actual Ove
r
(Under) Budge
t6,308,162
(26,522,267)
$
Cumulative
Variance
6,308,162
(20,214,105)
$
Cumulative
Receipts
$75,818,838
119,988,929
$
119,988,929
$
119,988,929
$
119,988,929
$
119,988,929
$
119,988,929
$
119,988,929
$
Estimate Reven
ue
592,000,000
$
Balan
ce to Collect/(Excess)
472,011,071
$
High
est ind
ividua
l mon
th since inception is high
lighted
in yellow.
Year 1
FY 2018
Year 2
FY 2019
Year 3
FY 2020
Year 4
FY 2021
Year 5
FY 2022
Year 6
FY 2023
Year 7
FY 2024
Year 8
FY 2025
May
6,231,423
$
6,853,549
$
‐$
‐
$
‐$
‐$
‐$
‐$
June
14,219,841
$
15,690,414
$
July
23,305,594
$
24,738,901
$
Aug
30,817,643
$
32,845,159
$
Sept
36,782,778
$
38,150,095
$
Oct
42,685,104
$
44,170,091
$
Nov
47,815,171
$
Dec
53,533,949
$
Jan
57,861,171
$
Feb
62,635,964
$
Mar
68,814,898
$
Apr
75,818,838
$
¹Prelim
inary an
d Una
udite
d.
Cap
ital Projects Sales Ta
x ‐ RIDE 3
(shown by month of sales an
d net of .7% State administrative fee )
Year To Date By Month
55
Horry County Capital Project Status ‐November 2018
Year to Date Budget Report
ACCOUNT DESCRIPTION ORIGINAL APPROP REVISED BUDGET YTD ACTUAL ENCUMBRANCE AVAILABLE BUDGET % USED
Fund balance (1,309,978.75) (19,947,896.97) (19,947,896.97) ‐ ‐ 100.00%
Total 511 Maintenance 506.00 970,871.37 (3,704,175.21) 409,429.39 4,265,617.19 ‐339.36%
Beach Equip Building ‐ 58,004.15 ‐ ‐ 58,004.15 0.00%
Total 513 Beach & Street Cleanup ‐ 58,004.15 ‐ ‐ 58,004.15 0.00%
Transfer for econ development (180,000.00) (180,000.00) (75,000.00) ‐ (105,000.00) 41.67%
Atlantic Center Roof 180,000.00 195,000.00 ‐ ‐ 195,000.00 0.00%
Total 601 Economic Development ‐ 15,000.00 (75,000.00) ‐ 90,000.00 ‐500.00%Total 12 Infrastructure & Reg 1,150,506.00 4,691,429.80 (3,502,529.60) 413,993.39 7,292,105.69 ‐65.83%
Revenue Total (18,627,416.00) (37,489,525.32) (27,191,169.28) ‐ (10,298,356.04) 72.53%
Expense Total 18,627,416.00 37,489,525.32 4,225,582.15 9,669,828.19 23,594,114.98 37.06%
Revenues Over Expenditures ‐$ ‐$ (22,965,587.13)$ 9,669,828.19$ 13,295,758.94$
58
FY 2
008
FY 2
009
FY 2
010
FY 2
011
FY 2
012
FY 2
013
FY 2
014
FY 2
015
FY 2
016
FY 2
017
FY 2
018
FY 2
019
July
944,
987
93
1,95
1
888,
715
95
8,97
5
955,
598
95
5,27
5
985,
038
1,
048,
404
1,10
8,95
5
1,
143,
039
1,14
4,35
8
1,
169,
091
24,7
32
2.
16%
Augu
st75
9,52
1
801,
544
69
3,25
8
698,
052
72
0,89
9
684,
783
82
6,70
9
871,
787
84
4,87
1
827,
716
88
7,91
0
907,
240
19
,329
2.18
%Se
pt50
0,04
9
424,
155
45
4,52
4
499,
516
50
4,89
6
591,
767
57
4,37
7
599,
513
70
6,31
6
736,
540
69
2,32
1
589,
568
(1
02,7
53)
-14.
84%
Oct
415,
930
40
5,39
7
369,
881
39
5,98
2
423,
102
40
4,67
7
434,
470
47
9,20
6
465,
121
45
3,09
8
549,
633
55
6,72
5
7,09
3
1.
29%
Nov
370,
305
31
1,60
1
293,
071
31
1,32
8
308,
316
31
3,62
5
326,
990
36
0,43
4
374,
974
42
1,35
4
423,
598
43
9,83
3
16,2
35
3.
83%
Dec
299,
408
28
3,66
8
270,
984
26
1,01
5
286,
391
29
9,95
8
333,
666
34
1,75
1
378,
790
41
8,32
5
403,
956
-
Jan
249,
828
24
8,95
6
221,
323
24
0,24
1
240,
108
25
1,67
6
269,
513
29
3,48
0
318,
345
33
1,90
5
323,
491
-
Feb
314,
073
27
6,92
4
252,
863
24
9,62
8
278,
637
28
5,63
6
307,
125
33
5,57
1
352,
143
37
2,77
0
396,
045
-
Mar
477,
104
38
0,65
6
373,
772
34
7,14
0
433,
268
45
8,19
9
456,
963
48
5,63
0
568,
190
53
6,41
9
587,
687
-
Apr
550,
536
51
8,25
9
481,
358
52
6,50
7
542,
321
51
1,82
3
573,
483
59
1,91
5
587,
077
70
5,70
6
684,
139
-
May
56
0,84
2
457,
778
47
0,50
9
487,
804
51
7,41
8
549,
655
58
6,58
1
614,
746
63
1,86
9
663,
000
69
1,69
2
- Ju
ne
816,
153
69
8,81
4
706,
476
75
8,74
1
824,
602
83
1,63
0
894,
504
95
4,96
4
953,
182
1,
016,
330
1,08
4,46
7
-
Tota
l for
the
Year
6,25
8,73
6
5,
739,
703
5,47
6,73
4
5,
734,
928
6,03
5,55
6
6,
138,
703
6,56
9,42
0
6,
977,
400
7,28
9,83
2
7,
626,
202
7,86
9,29
8
3,
662,
457
(35,
364)
-0
.96%
YTD
Tot
als
2,99
0,79
2
2,
874,
648
2,69
9,44
9
2,
863,
853
2,91
2,81
0
2,
950,
127
3,14
7,58
5
3,
359,
343
3,50
0,23
7
3,
581,
747
3,69
7,82
1
3,
662,
457
Hig
hest
indi
vidu
al m
onth
sin
ce in
cept
ion
is h
ighl
ight
ed in
yel
low
125,
356,
931
varia
nce
from
prio
r ye
ar
dolla
rs%
Hos
pita
lity
1% (U
ninc
orpo
rate
d Ar
ea O
nly)
Fees
on
Acc
omm
odat
ions
, Pre
pare
d Fo
ods,
Bev
erag
es, a
nd A
dmis
sion
s (U
ninc
orpo
rate
d A
rea
only
) Sh
own
by m
onth
in w
hich
the
sale
took
pla
ce
Ince
ptio
n to
Dat
e
‐
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
FY 2008
FY 2009
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
June
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sept
Augu
st
July
59
FY 2
008
FY 2
009
FY 2
010
FY 2
011
FY 2
012
FY 2
013
FY 2
014
FY 2
015
FY 2
016
FY 2
017
FY 2
018
FY 2
019
July
4,99
2,62
0
4,
946,
365
4,86
2,13
0
5,
419,
957
5,67
7,38
4
5,
511,
806
5,75
3,43
8
6,
090,
798
6,48
9,76
7
6,
734,
421
6,64
6,73
4
6,
717,
900
71,1
66
1.
07%
Augu
st4,
028,
211
4,24
8,34
9
3,
751,
061
3,91
8,37
8
4,
010,
672
4,00
7,07
4
4,
699,
964
4,98
4,30
0
4,
941,
282
4,90
1,42
2
5,
056,
005
5,13
4,79
6
78
,791
1.56
%Se
pt2,
446,
888
2,01
6,24
5
2,
270,
566
2,59
5,64
8
2,
610,
920
2,96
4,78
2
2,
820,
904
2,92
0,36
0
3,
425,
659
3,58
1,94
5
3,
344,
953
2,75
7,43
5
(5
87,5
18)
-17.
56%
Oct
1,82
2,14
8
1,
824,
268
1,70
8,43
5
1,
792,
407
1,92
4,08
7
1,
873,
142
2,03
2,91
1
2,
240,
019
2,11
9,47
0
2,
036,
763
2,58
4,89
8
2,
542,
853
(42,
045)
-1
.63%
Nov
1,54
0,80
1
1,
325,
300
1,24
0,22
8
1,
356,
213
1,38
8,42
3
1,
421,
382
1,44
7,94
5
1,
563,
440
1,65
8,86
0
1,
856,
303
1,85
3,20
1
1,
895,
456
42,2
55
2.
28%
Dec
1,20
9,03
2
1,
179,
013
1,13
4,19
5
1,
102,
238
1,23
6,54
8
1,
300,
034
1,38
6,44
2
1,
486,
290
1,63
4,39
5
1,
794,
675
1,80
6,04
1
Ja
n1,
035,
599
1,00
7,86
4
96
0,89
7
909,
717
1,
029,
499
1,06
1,02
0
1,
059,
047
1,31
6,73
7
1,
379,
978
1,40
9,29
6
1,
365,
688
Feb
1,32
3,21
1
1,
210,
196
1,13
4,53
8
1,
208,
413
1,30
8,49
9
1,
298,
574
1,33
7,12
2
1,
494,
763
1,58
1,42
1
1,
700,
528
1,71
8,29
7
M
ar2,
214,
484
1,69
7,33
1
1,
794,
996
1,72
6,20
3
2,
153,
801
2,38
2,07
0
2 ,
229,
085
2,42
8,13
7
2,
951,
366
2,75
3,75
8
3,
033,
462
Apr
2,36
3,38
8
2,
442,
283
2,33
7,17
7
2,
685,
984
2,84
2,02
7
2,
538,
913
2,89
5,92
7
3,
041,
321
3,02
6,64
4
3,
759,
545
3,45
3,68
8
M
ay2,
627,
201
2,14
3,09
0
2,
360,
988
2,57
6,51
8
2,
699,
467
2,84
5,39
2
3,
066,
567
3,21
0,86
3
3,
242,
796
3,45
2,51
0
3,
444,
353
June
4,26
8,38
7
3,
813,
513
3,99
6,90
1
4,
158,
160
4,64
2,68
8
4,
720,
756
4,83
5,58
6
5,
245,
493
5,23
9,36
3
5,
604,
418
5,86
4,84
6
To
tal f
or th
e Ye
ar29
,871
,970
27
,853
,817
27
,552
,114
29
,449
,837
31
,524
,015
31
,924
,945
33
,564
,937
36
,022
,521
37
,691
,002
39,5
85,5
83
40
,172
,166
19,0
48,4
39
(4
37,3
53)
-2.2
4%YT
D T
otal
s14
,830
,668
14
,360
,527
13
,832
,421
15
,082
,603
15
,611
,486
15
,778
,185
16
,755
,161
17
,798
,917
18
,635
,039
19,1
10,8
54
19
,485
,791
19,0
48,4
39
H
ighe
st in
divi
dual
mon
th s
ince
ince
ptio
n is
hig
hlig
hted
in y
ello
w62
5,35
4,25
6
dolla
rs
varia
nce
from
prio
r ye
ar %
11/2
% H
OSP
ITAL
ITY
FEE
REV
ENU
EFe
es o
n A
ccom
mod
atio
ns, P
repa
red
Food
s, B
ever
ages
, and
Adm
issi
ons
(Cou
nty-
wid
e) S
how
n by
mon
th in
whi
ch th
e sa
le to
ok p
lace
Ince
ptio
n to
Dat
e
‐
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
FY 2008
FY 2009
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
June
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sept
Augu
st
July
60
FY 2
008
FY 2
009
FY 2
010
FY 2
011
FY 2
012
FY 2
013
FY 2
014
FY 2
015
FY 2
016
FY 2
017
FY 2
018
FY 2
019
dolla
rs%
Ju
ly22
2,86
7
204,
947
19
5,33
6
223,
365
21
6,44
3
214,
425
22
8,39
5
241,
406
25
3,56
0
262,
440
25
4,99
5
256,
595
1,
600
0.63
%Au
gust
160,
397
15
8,38
3
140,
755
14
7,55
5
147,
473
13
7,46
6
169,
981
18
2,87
2
169,
544
15
8,10
9
171,
207
18
3,20
6
11,9
99
7.
01%
Sept
80,0
87
61,1
45
73,0
86
87,3
57
89
,053
110,
073
10
7,42
7
115,
379
14
5,56
7
155,
455
13
6,38
1
117,
728
(1
8,65
3)
-13.
68%
Oct
52,3
63
43,9
02
41,1
11
46,5
52
52
,612
44,8
02
51
,478
61
,659
54
,459
55,2
91
67
,835
66,5
21
(1
,313
)
-1
.94%
Nov
34,4
65
28,4
43
25,5
00
28,2
44
29
,458
29,2
66
31
,529
35
,436
36
,299
44,1
57
40
,508
41,9
51
1,
443
3.56
%D
ec25
,886
25
,509
24
,036
23
,624
26,0
06
27
,476
33,5
82
35,7
54
40,1
03
46
,681
38,0
55
Ja
n19
,622
16
,201
14
,955
27
,870
16,2
82
15
,558
26,3
14
20,0
07
25,9
47
23
,547
20,6
38
Fe
b28
,137
22
,299
20
,004
14
,860
23,0
18
23
,550
31,5
98
31,0
67
32,0
08
32
,526
38,8
16
M
ar55
,816
38
,552
35
,564
31
,634
46,8
98
50
,145
53,3
26
55,9
00
73,1
43
67
,015
71,1
51
Ap
r64
,966
62
,912
59
,564
67
,652
72,4
99
64
,493
78,7
27
78,3
33
72,6
95
10
0,46
1
90,7
04
M
ay85
,717
64
,435
65
,872
71
,995
73,9
16
81
,089
94,4
44
94,7
51
95,9
36
97
,636
101,
227
Ju
ne16
1,61
2
133,
827
14
9,32
1
152,
902
18
0,39
3
178,
370
20
0,91
8
216,
857
21
2,29
6
222,
038
25
1,07
2
Tota
l for
the
Year
991,
935
86
0,55
5
845,
104
92
3,61
0
974,
052
97
6,71
5
1,10
7,71
9
1,
169,
420
1,21
1,55
5
1,
265,
356
1,28
2,58
9
66
6,00
1
(4,9
25)
-0.7
3%YT
D T
otal
s55
0,17
9
496,
820
47
5,78
8
533,
073
53
5,04
0
536,
033
58
8,81
0
636,
752
65
9,42
8
675,
452
67
0,92
6
666,
001
16
,942
,549
Loca
l Acc
omm
odat
ions
Tax
(½%
in th
e un
inco
rpor
ated
are
as) S
how
n by
mon
th in
whi
ch th
e sa
le to
ok p
lace
varia
nce
from
prio
r ye
ar
Ince
ptio
n to
Dat
e
‐
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
FY 2008
FY 2009
FY 2010
FY 2011
FY 2012
FY 2013
FY 2014
FY 201
5 FY 2016
FY 2017
FY 2018
FY 2019
June
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sept
Augu
st
July
61
FY 2
008
FY 2
009
FY 2
010
FY 2
011
* FY
2012
* FY
2013
FY 2
014
FY 2
015
** F
Y 20
16**
FY
2017
** F
Y 20
18**
FY
2019
dolla
rs%
Ju
n, J
ul, A
ug1,
647,
523
1,72
2,31
7
1,
437,
165
1,94
5,50
8
2,
049,
416
2,16
7,10
5
2,
126,
110
2,01
0,68
6
1,
814,
377
1,92
3,00
6
1,
990,
959
2,32
7,07
3
33
6,11
4
16.8
8%Se
pt, O
ct, N
ov48
9,18
8
399,
066
46
2,96
4
560,
458
58
6,69
3
585,
562
46
7,04
2
600,
975
55
7,16
8
578,
502
63
0,99
8
D
ec, J
an, F
eb21
0,42
3
125,
933
15
4,02
6
183,
677
22
0,77
2
429,
458
17
3,42
9
124,
173
37
8,73
9
238,
720
24
3,03
3
M
ar, A
pr, M
ay1,
036,
965
885,
831
85
3,72
4
1,19
5,16
1
1,
041,
322
678,
224
1,
367,
922
1,15
3,71
1
1,
276,
040
1,37
8,33
8
1,
387,
023
To
tal f
or th
e Ye
ar3,
384,
099
3,13
3,14
7
2,
907,
879
3,88
4,80
3
3,
898,
203
3,86
0,34
9
4,
134,
504
3,88
9,54
6
4,
026,
325
4,11
8,56
6
4,
252,
014
2,32
7,07
3
33
6,11
4
16.8
8%YT
D T
otal
s1,
647,
523
1,72
2,31
7
1,
437,
165
1,94
5,50
8
2,
049,
416
2,16
7,10
5
2,
126,
110
2,01
0,68
6
1,
814,
377
1,92
3,00
6
1,
990,
959
2,32
7,07
3
56,1
24,4
56
N
otes
:**
The
Sta
te's
ded
uctio
n fo
r Pro
viso
109
.11
has
been
add
ed b
ack
to th
e 1s
t Qtr
rece
ipt t
o m
ore
accu
rate
ly re
port
the
Stat
e's
rece
ipts
. *
FY
2012
am
ount
s ha
ve b
een
rest
ated
bas
ed o
n ad
just
men
ts m
ade
by D
OR
in O
ct. 2
012
2,13
6,71
1$
2,
121,
383
$
1,90
0,12
9$
2,
505,
965
$
2,63
6,10
8$
2,
752,
667
$
2,59
3,15
2$
2,
611,
661
$
2,37
1,54
6$
2,
501,
507
$
2,62
1,95
7$
2,
327,
073
$
63.1
4%67
.71%
65.3
4%64
.51%
67.6
2%71
.31%
62.7
2%67
.15%
58.9
0%60
.74%
61.6
6%10
0.00
%
2,34
7,13
4$
2,
247,
316
$
2,05
4,15
5$
2,
689,
642
$
2,85
6,88
1$
3,
182,
124
$
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228
$
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073
$
69.3
6%71
.73%
70.6
4%69
.23%
73.2
9%82
.43%
66.9
1%70
.34%
68.3
1%66
.53%
67.3
8%10
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%
Cou
nty
Qua
rter
ly R
ecei
pts
from
the
Stat
e fo
r Sta
te A
TAX
Dis
trib
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rianc
e fr
om p
rior
year
Ince
ptio
n to
Dat
e
‐
500
,000
1,000,000
1,500,000
2,000,000
2,500,000
FY 2008
FY 2009
FY 2010
FY 2011
* FY 2012
* FY 2013
FY 2014
FY 2015
** FY 2016
** FY 2017
** FY 2018
** FY 2019
Jun, Jul, Aug
Sept, Oct, N
ov
Dec, Jan
, Feb
Mar, A
pr, M
ay
62
HORRY COUNTY DEBT
Debt Issue Total Interest Cost Original AmtBalance as of
6/30/18Balance as of
11/30/18
General Debt Service Millage
G.O. Bonds of 2008 dated May 20 for $62 million with interest at 4% to 5% - Detention Center & Libraries
3.9940% $62,000,000 $4,180,000 $4,180,000
G.O. Bonds of 2009 (Series A) dated December 30 for $5.04 million with interest at 2% to 3% - Recreation and Library
2.4913% $5,040,000 $1,120,000 $1,120,000
G.O. Bonds of 2010 (Series B) dated June 3 for $12.2 million with interest at 2.5% to 4.0% - Series 2001 A&B Refunding - S.S. Complex, Libraries & Court House
2.6180% $12,020,000 $4,530,000 $4,530,000
GO Bonds of 2015 (Series A) dated Dec 4 for $15.41 million with interest at 1.92% - Series2005A Refunding for Government & Justice Center
1.9200% $15,410,000 $10,970,000 $10,970,000
G.O. Bonds of 2015 (Series B) dated April 30 for $4.774 M with interest at 1.56% - Series 2007 Refunding
1.5600% $4,774,000 $3,848,000 $3,848,000
G.O. Bonds of 2015 (Series C) dated April 30 for $24.7 M with interest at 1.77% - Series 2008 Refunding
1.7700% $24,726,000 $24,604,000 $24,604,000
G.O. Bonds of 2016 (Series B) dated November 16 for $6.985M with interest at 1.68% - Series 2009B Refunding - Recreation and Library
1.6800% $6,985,000 $6,985,000 $6,985,000
$56,237,000
Special Purpose District (District Millage)2010 GO Bonds, 2001 (Series A&B) Refunding 2.6180% $1,670,000 $620,000 $620,000
2011 GO Bonds, 2004 (Series B) Refunding 2.6200% $2,100,000 $1,350,000 $1,350,000
$1,970,000
Fire GO Bonds (Fire Millage)
G.O. Bonds of 2011 (Series A) dated December 6 for $6.64M with interest at 2% to 4% - Series 2004A Refunding - Fire Protection District
2.0508% $6,640,000 $3,400,000 $3,400,000
G.O. Bonds of 2016 (Series A) dated November 15 for $3M with interest at 2.19% - Fire Protection District
2.1900% $3,000,000 $2,345,000 $2,345,000
$5,745,000$63,952,000
1% Hospitality Fee - Dated September 1, 1998 for $3.088M with interest at 3% to 5% - Baseball Stadium
$3,088,000 $231,000 $0
1 1/2% Hospitality Fee - RIDE PLAN IGA - State Roads $249,900,000 $89,765,067 $84,458,049
