Lincoln County revenue collection off to slow start
Published 10:48 am Monday, December 18, 2023
BROOKHAVEN — Lincoln County is two months into Fiscal Year 2024 and revenue collection is slow. Lincoln County Administrator Daniel Calcote presented a financial report to the board of supervisors during a regularly scheduled meeting.
Calcote reported the county has collected 11 percent of projected revenue so far. The slow collection of revenue is normal.
“We should start seeing money from taxes come in from January to March,” Calcote said.
He said the County has expended 22 percent of its annual budget due to normal upfront costs at the start of the year.
Lincoln County Board of Supervisors has spent 29 percent of its annual budget through November. HOME grant payments, liability insurance payments and a bond payment made in November made up a bulk of those expenses. The HOME grant payments were reimbursed by grants.
Building and Grounds spent 44.1 percent of the budgeted expenditures due to the purchase of a new server.. District 1 Road Fund expended 35.4 percent of its budget due to the purchase of a new tractor and mower. Calcote said the tractor and mower were ordered several months ago.
While Building and Grounds and District 1 Road Funds are high they are not significantly high, Calcote said. Supervisors had no further questions about the financial report.