CFO Hammel presents July financial report

News

FORSYTH COUNTY, Ga. — Chief Financial Officer Larry Hammel presented the July financial report at Tuesday’s Board of Education meeting.

Larry Hammel

The report showed cash receipts of $27,674,417.53 and disbursements of $39,854,182 .50 for the first quarter of this fiscal year. Accounts payable totaled 21,152,311.55 and payroll $18,701,870.95.

SPLOST V collected a total of $50.9 million, compared to $52.7 the previous year and SPLOST VI collected $14.9 million in the first quarter.

This year’s budget is $593,754,783 and $567,055,315 remains available.

Special revenue funds stand at $765,996. The capital project fund cash balance is $30,401,179.52 and the fund balance is $17.3 million.

Senate Bill 588 required the Board to revise its current policy with regard to public participation at public meetings prior to Oct. 1.

The Bill states  “…members of the public shall not be removed from such public meetings except for actual disruption and in accordance with rules adopted and published by the local board of education; to provide that visual and sound recording shall be permitted at such public meetings; to provide for the authority of superior courts to enforce compliance and award relief; to provide for attorneys’ fees; to provide for construction; to provide for related matters; to repeal conflicting laws; and for other purposes.”

The Board approved the purchase of lighting for the Forsyth Center for Arts and Living from Barbizon Lighting Company for $157,401.96.

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