COLUMBIA, SC — Half way through the fiscal year, Columbia’s major accounts are doing well, the city’s chief financial officer said Tuesday.
Bill Ellis told City Council that if income and expenses continue to stay as close to budget through June, Columbia will have a good year.
The water and sewer fund is $1 million in the black through December, Ellis said. Collections for utilities are up compared to what was projected half way through the fiscal year that began July 1, Ellis’ figures show.
The $120 million General Fund, which is the city’s primary operating account, has about $194,000 extra, he said. But revenue for the General Fund is uneven — arriving in large spurts when property taxes and other large cash infusions come in, Ellis said.
The parking account, which has lost money in the past two years, is down by $150,000 so far, he said.
Overall, Ellis said, that’s solid financial footing.