The finances of the City of Pembroke, Georgia — the Bryan County seat — drawn from the City’s audited FY2024 Annual Financial Report and its approved one-page FY2026 budget summary. This page covers the City of Pembroke only; Bryan County is a separate government with its own dashboard.
Fiscal year ends December 31. FY2024 figures are audited actuals for January 1 – December 31, 2024. FY2026 figures come from a one-page summary whose columns are headed “Approved.” Every figure is tagged with its fiscal year and status.
Total net position — primary government FY2024 Audited
Up from $20,764,919 at the start of FY2024. Government-wide basis.
Total governmental fund balances FY2024 Audited
$7,417,961
Fund basis, December 31, 2024. Of this, $5,738,040 (77%) is restricted for capital projects; only $1,445,393 is unassigned.
General Fund fund balance FY2024 Audited
$1,679,921
Down $673,330 during FY2024, from $2,353,251. Unassigned portion: $1,445,393.
Bonded + notes debt (principal) FY2024 Audited
$5,579,129
Water & Sewer revenue bonds $3,548,436 + notes payable $2,030,693. The City reports no general obligation bonds. Pension, lease, and other obligations are listed separately in the debt section — they are not in this total.
Net pension liability FY2024 Audited
$348,423
Primary government total (governmental $252,452 + business-type $95,971). An obligation, not debt.
General Fund total FY2026 Approved
$3,623,094
From the City’s one-page “2026 Budget” summary: expenditures equal projected revenue, Difference $0.
Water/Sewer Fund total FY2026 Approved
$1,627,629
From the same one-page approved summary: expenditures equal projected revenue, Difference $0.
Net position FY2024 Audited
Government-wide basis (accrual), Statement of Net Position at December 31, 2024. Total assets of $31,347,690 plus deferred outflows of $173,067, less total liabilities of $8,320,804 and deferred inflows of $90,125, equal net position of $23,109,828. Capital assets, net, were $21,772,875.
Component
Governmental
Business-type
Total primary gov’t
Net investment in capital assets
$6,786,609
$9,262,761
$16,049,370
Restricted — Capital projects
$5,738,040
—
$5,738,040
Restricted — Other purposes
$175,877
—
$175,877
Restricted — Debt service
—
$284,274
$284,274
Unrestricted
$1,269,071
−$406,804
$862,267
Total net position
$13,969,597
$9,140,231
$23,109,828
The business-type (Water and Sewer) column carries an unrestricted deficit of −$406,804, shown as printed. See the Water and Sewer section and the disclosures below for the full picture.
Accrual basis, Statement of Activities. Governmental activities revenues totaled $7,344,119 (program plus general revenues, computed from the statement) against expenses of $4,655,743. Expenses by function:
Public safety
$1,613,166
Streets and sanitation
$1,471,893
General government
$1,105,516
Housing and development
$250,376
Recreation and culture
$107,412
Municipal court
$58,962
Interest
$48,418
Total governmental expenses — government-wide$4,655,743
Net (expense) revenue by function
Streets and sanitation
+$2,660,930
Public safety
−$1,319,891
General government
−$1,014,535
Housing and development
−$177,785
Municipal court
−$58,962
Interest
−$48,418
Recreation and culture
−$11,508
Total net — governmental activities
+$29,831
Read the Streets line with care: the positive governmental net is driven by $3,950,142 of capital grants recorded in Streets and sanitation (SPLOST/TSPLOST-type capital money), out of $4,036,430 in total capital grants. Program revenues overall were $642,967 in charges for services, $6,177 in operating grants, and $4,036,430 in capital grants. FY2024 governmental operations were not a tax-funded surplus.
General revenues — governmental (government-wide)
Sales taxes
$1,160,940
Property taxes (general purposes)
$769,161
Insurance premium tax
$239,187
Other
$183,657
Franchise taxes
$161,923
Other taxes
$85,354
Insurance recoveries
$37,653
Interest earned
$20,670
Total general revenues — governmental$2,658,545
After transfers out of −$2,517,397 to the Water and Sewer Fund, the change in governmental net position was +$170,979 — from $13,798,618 to $13,969,597. The tax-by-type split above exists only on this government-wide basis; the fund statements print a single combined Taxes line (see the fund-basis section).
The City’s only business-type activity is the Water Fund (Water and Sewer). Accrual basis, Statement of Activities. Business-type revenues totaled $1,433,696 against expenses of $1,777,163.
Expenses
$1,777,163
Charges for services
$1,328,460
Capital grants and contributions
$97,571
Net (expense)
−$351,132
General revenues (interest earned)
$7,665
Transfers in (from governmental funds)
+$2,517,397
Change in net position
+$2,173,930
The increase came from a transfer, not from utility operations. On its own operations plus capital grants and interest, the utility was −$343,467 in FY2024. Net position rose from $6,966,301 to $9,140,231 only because of the $2,517,397 transfer in. Fund-level detail is in the Water and Sewer Fund section below.
Governmental revenues by source — fund basis FY2024 Audited
Modified accrual basis, all governmental funds combined. Total revenues were $7,262,003, made up of the General Fund $3,221,968, TSPLOST Fund $1,214,778, SPLOST Fund $2,735,364, CHIP Grant Fund $1,208, and American Rescue Plan Act Fund $88,685.
Intergovernmental
$3,972,089
Taxes (single combined line, as printed)
$2,372,102
Charges for services
$379,785
Other
$189,834
Fines and forfeitures
$152,297
Licenses and permits
$110,885
Interest
$85,011
Total revenues — governmental funds$7,262,003
Most of the intergovernmental line is capital sales-tax money, not General Fund revenue: SPLOST $2,700,025 + TSPLOST $1,185,776 + American Rescue Plan Act $86,288 = $3,972,089. Do not read the $7,262,003 total as general operating resources.
Source: FY2024 Annual Financial Report, Statement of Revenues, Expenditures and Changes in Fund Balances — Governmental Funds, p. 8 (Totals column). Read the FY2024 Annual Financial Report (PDF)
Governmental expenditures by function — fund basis FY2024 Audited
Modified accrual basis, all governmental funds combined: current expenditures $3,776,295, capital outlay $941,464, and debt service $447,398.
Public safety (current)
$1,323,266
Streets and sanitation (current)
$1,088,612
General government (current)
$973,600
Capital outlay — Streets
$497,201
Debt service — Principal
$398,980
Capital outlay — Public safety
$310,806
Housing and development (current)
$247,142
Capital outlay — General government
$133,457
Recreation and culture (current)
$84,462
Municipal court (current)
$59,213
Debt service — Interest
$48,418
Total expenditures — governmental funds$5,165,157
Revenues exceeded expenditures by $2,096,846, but other financing uses were a net −$2,212,938 (insurance recoveries $37,653 and debt issuance $266,806, less transfers out of $2,517,397), for a net change in fund balances of −$116,092 — from $7,534,053 to $7,417,961.
Governmental Funds Balance Sheet, December 31, 2024. Fund-basis total assets were $9,529,564 (liabilities $2,031,598 + deferred inflows $80,005 + fund balances $7,417,961).
By fund
TSPLOST Fund
$2,935,987
SPLOST Fund
$2,355,436
General Fund
$1,679,921
CHIP Grant Fund
$441,629
American Rescue Plan Act Fund
$4,988
Total governmental fund balances$7,417,961
By classification — all governmental funds
Restricted — Capital projects
$5,738,040
Unassigned (General Fund)
$1,445,393
Restricted — Public safety
$134,909
Nonspendable (prepaid insurance)
$58,651
Restricted — Health and welfare
$40,968
Total$7,417,961
77% of the total is restricted for capital projects ($5,738,040 — TSPLOST $2,935,987 + SPLOST $2,355,436 + CHIP $441,629 + ARPA $4,988); only $1,445,393 is unassigned. The General Fund’s $1,679,921 is made up of nonspendable $58,651, restricted $175,877 (public safety $134,909 + health and welfare $40,968), and unassigned $1,445,393. The report prints no Committed and no Assigned balance for any fund.
Budget vs. actual — as printed in the report FY2024 Audited
The audited report itself presents “Budget and Actual” comparisons for the three funds with legally adopted budgets in the basic statements. The General Fund schedule is shown exactly as the report presents it.
General Fund — Budget and Actual
General Fund
Original budget
Final budget
Actual
Variance vs final
Total revenues
$2,946,772
$2,997,240
$3,221,968
+$224,728
Total expenditures
$3,206,802
$3,257,270
$3,932,951
−$675,681 (over)
Net change in fund balance
$40,136
$40,136
−$673,330
−$713,466
Fund balance, December 31 (Actual)
—
—
$1,679,921
—
The largest actual overruns against the final budget were General government −$408,946 (actual $973,600 vs. final budget $564,654) and Public safety −$135,670, as printed. The General Fund balance fell $673,330 during FY2024, from $2,353,251 to $1,679,921.
The other two budgetary funds
CHIP Grant Fund — interest, budget / actual
$149 / $1,208
CHIP Grant Fund — ending fund balance
$441,629
American Rescue Plan Act Fund — revenues, budget / actual
$0 / $88,685
ARPA Fund — transfer out
$86,288
ARPA Fund — ending fund balance
$4,988
ARPA actual revenues were intergovernmental $86,288 plus interest $2,397.
Proprietary fund statements. These fund-level totals differ from the government-wide business-type column by exactly the $316,484 internal balance (“Due to other funds”) — a presentation difference, not an error. Use each set only under its own label.
Position at December 31, 2024 — Water and Sewer Fund (fund level)
Total current assets
$450,258
Capital assets, net
$13,182,176
Total assets
$13,632,434
Total current liabilities (incl. Due to other funds $316,484)
$700,822
Total long-term liabilities
$3,818,368
Total liabilities
$4,519,190
Net position — net investment in capital assets
$9,262,761
Net position — restricted for debt service
$284,274
Net position — unrestricted
−$406,804
Net position — Water and Sewer Fund (fund level)
$9,140,231
Cash — as printed
Cash and cash equivalents (unrestricted)
−$117,370
Restricted cash
$284,274
Total cash and cash equivalents
$166,904
Revenues, expenses and changes — FY2024
Water and sewer sales
$1,146,460
Other operating revenue
$182,000
Total operating revenues
$1,328,460
Total operating expenses
$1,683,103
Operating loss
−$354,643
Nonoperating, net (interest income $7,665 − interest expense $94,060)
−$86,395
Loss before capital contributions and transfers
−$441,038
Capital contributions / grants
$97,571
Transfers in
+$2,517,397
Change in net position
+$2,173,930
Largest of the 20 printed operating-expense lines: depreciation $474,261; salaries $364,971; utilities $145,388; rent $140,000; repairs and maintenance $139,932. Cash-flow statement: the operating loss of −$354,643 reconciles to net cash provided by operating activities of $156,203; cash fell $160,363 during the year, from $327,267 to $166,904.
At December 31, 2024. Bonded debt, notes payable, leases, pension liability, compensated absences, and customer deposits are kept as separate lines, exactly as the report presents them — only bonds plus notes make up the debt total. Total liabilities (government-wide) were $8,320,804: current $2,745,213 and long-term $5,575,591 (governmental $1,757,223 + business-type $3,818,368).
Bonded debt — Water and Sewer revenue bonds (the City’s only bonded debt)
Series 2016 Refunding (2.57% for first 15 years; $22,445/mo through June 2036)
$2,679,146
Series 2019 — USDA (2.50%; $3,149/mo through April 2059)
$869,290
Revenue bonds payable — total (current $219,125 + long-term $3,329,311)$3,548,436
Series 2016 was issued at $4,210,000. The printed debt-service schedule for the bonds totals $3,548,436 principal, $844,033 interest, $4,392,469 combined. Note 10’s text gives the Series 2019 balance as $869,291 while its table and the financial statements give $869,290; this page uses $869,290 (see Disclosures).
Business-type — GEFA loan (July 2021; original $603,000 with $211,050 principal forgiveness; 0.13%; $1,655/mo, Dec 2023 – Nov 2043)
$370,979
Total bonded + notes debt (principal)
$5,579,129
There are no general obligation bonds in the report. The $5,579,129 debt total is entirely Water and Sewer revenue bonds ($3,548,436) plus notes payable ($2,030,693). It is not the City’s total obligations — the items below are separate.
Other obligations — not debt
Net pension liability — primary government (governmental $252,452 + business-type $95,971)
Pension: a single GMEBS defined-benefit plan — total pension liability $2,521,188 less plan fiduciary net position $2,172,765 equals the $348,423 net pension liability; funded ratio 86.18%; measured March 31, 2024 (valuation July 1, 2024); FY2024 pension expense $89,101. Participants at July 1, 2024: 38 active + 24 retirees/beneficiaries + 36 vested former employees = 98. Leases: right-to-use leased assets of $271,326 less accumulated depreciation of $120,486 = $150,840 net; the lease schedule totals $144,376 principal, $17,225 interest, $161,601 combined.
Source: FY2024 Annual Financial Report — Statement of Net Position p. 4; Note 8 (leases) p. 30; Note 9 (notes payable) pp. 30–31; Note 10 (revenue bonds) pp. 32–33; Note 11 p. 33; Note 12 (pension) pp. 35–37. Read the FY2024 Annual Financial Report (PDF)
FY2026 budget summary — General Fund FY2026 Approved
From the City’s one-page “2026 Budget” summary — an approved 1-page summary, not a budget book. Its amount columns are headed “Approved.” It lists expenditures by department only; there are no revenue line items. Every line below is exactly as printed, in the document’s printed order, with its printed account number.
3200POLICE
$984,381
4200STREET DEPARTMENT
$915,637
1500GENERAL ADMINISTRATION
$530,785
3500FIRE DEPARTMENT
$347,708
4900MECHANIC SHOP
$182,900
7400PLANNING & ZONING
$156,992
6110POOL / RECREATION
$111,571
7550DOWNTOWN DEVELOPMENT AUTHORITY
$105,612
2650MUNICIPAL COURT
$88,912
1110GOVERNING BODY
$71,987
3400PRISON DETAIL
$70,030
7420CODE ENFORCEMENT
$31,344
4950CEMETERY
$19,100
6100MAINSTREET PROGRAM
$6,135
1410ELECTION
$0
Total General Fund [FY2026 Approved] (as printed)$3,623,094
Printed summary block, as printed: Estimated General Fund Expenditures $3,623,094 / Projected General Revenue $3,623,094 / Difference $0. The 15 printed lines sum exactly to the printed total. Account 7550 is the City General Fund’s own appropriation line for downtown development — a City line item, shown here as printed. (Bars are sorted largest-first for readability; amounts and account numbers are as printed.)
FY2026 budget summary — Water/Sewer Fund FY2026 Approved
The second fund in the same one-page approved summary, headed “WATER/SEWER FUND” in the document. Lines exactly as printed, with printed account numbers.
4400WATER/SEWER DEPARTMENT
$1,579,584
3400WATER/SEWER DEPT PRISON DETAIL
$48,045
Total Water/Sewer Fund [FY2026 Approved] (as printed)$1,627,629
Printed summary block, as printed: Estimated Water/Sewer Fund Expenditures $1,627,629 / Projected Water/Sewer Revenue $1,627,629 / Difference $0. The document also prints a line, “Water / Sewer Residual Equity Reserve,” with no amount — none is shown here. Account 3400 is used in both funds with different descriptions, exactly as the document prints it.
What a careful reader needs to know about these figures — including the inconsistencies found inside the source documents themselves.
December 31 fiscal year-end. Audited figures are FY2024 (January 1, 2024 – December 31, 2024). They are not a “2024 budget” and not current-year figures. The only FY2026 material on this page is the one-page summary described next.
No MD&A, and four audit findings. The City’s FY2024 financial report omits the Management’s Discussion and Analysis required by GASB (the auditor’s opinions are not affected). The audit reported no material weaknesses and no reportable noncompliance, but listed four significant deficiencies in internal control (findings 2024-1 through 2024-4, covering year-end accruals, payroll liability reconciliations, post-close journal entries, and bank reconciliations). Because the MD&A was omitted, there is no management narrative in the report to quote, and none is presented here.
The FY2026 document is a one-page approved summary, not a budget book. The FY2026 figures come from the City’s one-page “2026 Budget” summary. Its columns are headed “Approved.” It lists expenditures by department for two funds, with projected revenue set equal to expenditures in each fund (Difference $0). It is not a budget book and contains no revenue line items.
Two accounting bases coexist. Fund-basis (modified accrual) and government-wide (accrual) totals differ by design, and the Water and Sewer Fund statements differ from the government-wide business-type column by the $316,484 internal balance. Every section on this page carries its basis label — “Governmental funds,” “Government-wide,” or “Water and Sewer Fund (fund level)” — and figures from different bases are never summed or compared without the label.
Most governmental money is restricted capital money. $5,738,040 of the $7,417,961 governmental fund balance (77%) is restricted for capital projects (SPLOST/TSPLOST/CHIP/ARPA); only $1,445,393 is unassigned, all in the General Fund. Likewise, $3,972,089 of the $7,262,003 fund-basis revenue is intergovernmental, dominated by SPLOST ($2,700,025) and TSPLOST ($1,185,776). The totals are not general operating resources.
The utility did not cover its costs in FY2024. In FY2024 the Water and Sewer Fund had an operating loss of $354,643 and a loss of $441,038 before capital contributions and transfers. Its net position rose by $2,173,930 only because of a $2,517,397 transfer in from governmental funds (SPLOST $2,431,109 and federal American Rescue Plan Act funds $86,288). At December 31, 2024 the fund reported negative unrestricted cash of −$117,370 (offset by $284,274 of restricted cash) and an unrestricted net position deficit of −$406,804. The negatives are shown as printed.
The General Fund shrank in FY2024. The General Fund balance fell $673,330 (from $2,353,251 to $1,679,921) on actual expenditures of $3,932,951 against a final budget of $3,257,270 — see the Budget vs. Actual section above.
The debt figure needs its composition. Bonded + notes principal of $5,579,129 is entirely Water and Sewer revenue bonds ($3,548,436) plus notes payable ($2,030,693, of which $1,659,714 is governmental). There are no general obligation bonds. The City also carries pension ($348,423), lease ($144,376), compensated-absence ($170,345), and customer-deposit ($116,978) obligations; none of those is folded into the debt total, and the debt total is not “total obligations.”
No population is published. Neither source document prints a population figure for Pembroke, so this page shows none. No outside figure has been imported.
OPEB is not reported. The FY2024 report contains no OPEB (retiree health) liability line and no OPEB note. That silence is not a verified zero, so no OPEB amount — not even “$0” — is shown.
Inconsistencies inside the source documents
Every figure on this page was re-added independently: 167 arithmetic checks — 159 passed, 8 failed. All 8 failures are $1–$2 inconsistencies printed in the source documents themselves, listed here. Where a printed total and its own detail disagree, this page uses the printed totals and statement balances.
Governmental depreciation — $1. Note 7’s depreciation-by-function lines sum to $789,324 (also the note’s printed function total), while the accumulated-depreciation rollforward in the same note and the reconciliation use $789,325. This page uses the statement totals and does not publish the by-function split.
Business-type depreciation — $1. Note 7’s business-type depreciation additions sum to $474,260; the Water and Sewer Fund operating and cash-flow statements report $474,261. This page uses $474,261 (the fund statements govern).
Governmental notes-payable debt-service schedule — $1 + $1. In Note 9, the schedule’s yearly principal rows sum to $1,659,715 against a printed total of $1,659,714, and its interest rows sum to $133,495 against a printed $133,494; two yearly rows also mis-add by $1. This page uses the printed totals and the statement balance of $1,659,714, and does not reproduce the yearly schedule.
GEFA (business-type) debt-service schedule — $2 / $1 / −$2. In Note 9, the schedule’s principal rows sum to $370,981 against a printed total of $370,979, its interest rows to $4,601 against $4,600, and its total rows to $375,577 against $375,579. This page uses the printed totals and the statement balance of $370,979, and does not reproduce the yearly schedule.
Series 2019 revenue bond — $1. Note 10’s text gives the Series 2019 balance as $869,291 while its table and the financial statements give $869,290; only $869,290 foots to the printed bonds total of $3,548,436. This page uses $869,290.
Pension note wording — year label. Note 12’s sentence about when post-measurement-date employer contributions ($90,547) will be recognized names the year ending December 31, 2024 — the year already ended at the report date; the recognition year would ordinarily be the following year. No figure on this page depends on that sentence, and it is not quoted here.
Transfer narrative is incomplete, not contradictory. Note 6 narrates the SPLOST Fund’s $2,431,109 transfer to the Water and Sewer Fund but does not mention the American Rescue Plan Act Fund’s $86,288 transfer out, which the statements include in the $2,517,397 total. The statements govern, and the composition is shown in the Water and Sewer sections above.
Sources
Every figure on this page comes from one of these two City of Pembroke documents — nothing else. No Bryan County document was used; Bryan County is a different government.
City of Pembroke, Georgia — Annual Financial Report — For the Year Ended December 31, 2024 (51 pages). Independent Auditor’s Report by Lanier, Deal & Deal, Certified Public Accountants (Statesboro, Georgia), with unmodified (“clean”) opinions on the governmental activities, the business-type activities, the aggregate discretely presented component unit, and each major fund; report dated August 18, 2025. Linked from the City’s Transparency Portal.
2026 Budget — one page (landscape). Both amount columns are headed “Approved.” Every printed line item is reproduced in the two FY2026 sections above; both funds’ line items foot exactly to their printed totals.