Oconee County had $6.3 million in unspent funds from its 2004 and 2009 Special Purpose Local Option Sales Tax referenda at the end of June of 2017–or after 18 months of collection from its 2015 SPLOST.
The county had $3.2 million in unspent money from SPLOST 2004 set aside for County Facility Expansion and Renovation.
The county had $3.1 million in 2009 SPLOST revenue set aside for Water and Sewer Facilities, Recreation, Historic and Scenic Facilities, Fire Station Facilities and Equipment, and Farmland Protection.
The Oconee County Board of Commissioners has agreed to spend some of these reserves as well as revenue from the 2015 SPLOST as part of the Fiscal Year 2018 Budget that went into effect on July 1 of this year.
The county’s four cities did not receive revenue from SPLOST 2004 but have spent all of the revenue received from the 2009 SPLOST.
This information comes from the report on SPLOST revenue and spending that the county has to make public at the end of each calendar year. The report covers the period ending June 30, 2017.
The county is required to publish its annual SPLOST report in the county’s legal organ, The Oconee Enterprise, by the end of this year.
I obtained a copy through an open records request I filed on Nov. 20, asking that the report be made available to me as soon as it was produced.
|SPLOST Report (Click To Enlarge)|
County Clerk Kathy Hayes sent it to me on Dec. 15.
The report covers the 2004 SPLOST, which terminated at the end of 2009, the 2009 SPLOST, which closed out at the end of 2015, and the 2015 SPLOST, which began in 2016 and will run through 2021.
The 2004 SPLOST information and the 2009 SPLOST information are included in the report because the county has not spent all of the revenue those taxes produced.
The report is the only public accounting the county gives of SPLOST revenue and spending.
The county does not have a citizen oversight committee to monitor SPLOST spending, as do other counties, including neighboring Clarke County.
The 2004 SPLOST was projected to bring in $25 million, but it outperformed expectation.
The money collected, with interest earned, stands at $26,379,005, according to the report.
The county spent more money than collected for all of its 2004 SPLOST categories except Fire Station Project, where it spent exactly the projected $1.5 million, and County Facilities Expansion and Renovation, where it has spent only $1,381,088.
The county budgeted $4.6 million for County Facilities Expansion and Renovation and is now projecting it will spend that amount at some point in the future.
The county spent $314,340 from County Facilities Expansion and Renovation in the Fiscal Year ending June 30, 2017, but the report does not indicate how that money was spent.
The county is engaged in a renovation of parts of the Courthouse to meet security needs identified by the Sheriff.
The total unspent money from SPLOST 2004 is $3,218,912.
The 2009 SPLOST was projected to bring in $40.4 million, and the county and its four cities developed projects based on that amount.
The 2009 tax brought in only $33,778,345, or 83.6 percent of the amount expected.
The county’s share of the tax was $28,978,442, and it has spent $25,894,564, leaving $3,083,878 unspent.
The county had allocated $4,212,355 of the collected 2009 SPLOST revenue to Water and Sewer Facilities and had spent only $2,776,035 by June 30, 2017, leaving a balance of $1,436,320.
The county allocated $928,906 of the 2009 SPLOST revenue for Recreational, Historic and Scenic Facilities and has spent $704,456, leaving a balance of $224,450.
The amount designated for Fire Station Facilities and Equipment is $3,293,400, with $2,000,258 spent and a balance of $1,293,142.
The amount allocated for Farmland Projection from the 2009 SPLOST monies collected is $422,216. The amount spent by the end of June of 2017 was $292,250, and the balance was $129,966.
The 2015 SPLOST was budgeted at $55 million, and projects summing to that amount were approved by the Board of Commissioners.
The county doesn’t expect to reach the $55 million figure, however, and is budgeting for something near 80 percent of the $55 million figure.
As of June 30, 2017, the county had not spent any of the $12.1 million originally allocated for Water and Sewer Facilities or any of the $500,000 for Farmland Protection.
The county also had not spent any of the $250,000 allocated for Historic and Scenic Facilities or any of the $850,000 set aside for Economic Development Facilities.
The biggest expenditure to date has been $2,240,355 for Roads, Streets and Bridges.
County Finance Director Wes Geddings listed several projects in his PowerPoint presentation to the Board of Commissions and to the public summarizing SPLOST spending in the Fiscal Year that began on July 1, 2017.
Included were $1.6 million for road paving, $1.7 million for Courthouse security renovation, $2 million for multi-purpose fields at Oconee Veterans Park, and $2 million for Fire Station #8, the replacement for the existing Barber Creek Fire Station on the Oconee Connector.
Geddings did not indicate from which of the SPLOST funds the monies would be taken.
He did show a balance in collected but unspent monies from SPLOST 2015 that included $2.9 million in Water and Sewer Facilities, $626,528 in Recreational and Park Facilities, and $530,629 in Fire State Rescue Facilities and Equipment.
The county plans to forward fund the multi-purpose fields at Veterans Park and borrow money for Fire Station #8 and for improvements to the county’s water and sewage treatment facilities.