Aiken County finishes 2017-2018 fiscal year in the black for General Fund

September 25, 2018

Aiken County finished fiscal year 2017-2018 stronger financially than had been anticipated, based on figures provided recently to County Council.

During a work session prior to the panel’s Sept. 18 meeting at the Aiken County Government Center, County Finance Director Lynn Strom reported that General Fund revenues exceeded General Fund expenditures by $14,120.

The figure for revenues was $62,465,323, and the amount for expenditures was $62,451,203.

The General Fund budget was nearly $65.8 million for both categories.

The 2017-2018 fiscal year ended June 30.

In May, Strom told Council that her projections showed that there would be a General Fund deficit of “about $650,000” at the end of the fiscal year.

“It’s definitely better than what we were looking at,” said Council Chairman Gary Bunker of the County’s updated financial status. “We had some extra revenues come in at the end, and we had some reductions in expenses due to vacancies in staff positions.”

Included in the budget under revenues was the $1.2 million that the county estimated it would net from the sale of the two pieces of property on Richland Avenue West where the old Aiken County Government Complex is located. But no deals on the land were finalized, so the County didn’t receive any money from those sources.

The figures presented by Strom for fiscal year 2017-2018 could change.

“They are unaudited numbers,” Bunker said. “There also are some costs that still could come in.”

In June, Council gave final approval to a General Fund budget of $67.8 million (for both revenues and expenditures) for fiscal year 2018-2019.

The General Fund provides money for the County’s day-to-day operations.

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