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Finance committee flags Crestwood field cost increase; CFO reports steady midyear revenue and expenditures
Summary
The Sumter School District finance committee reported March 10 that the Crestwood High School football field project’s estimated cost rose from about $2 million to $4.7 million and that the committee requested an additional $3.5 million as a working estimate to complete requested items.
The Sumter School District finance committee reported on March 10 that cost estimates for the Crestwood High School football field have risen significantly and that the district’s midyear financial picture remains consistent with budget patterns for this time of year.
Tara Johnson, reporting for the finance committee, said the project was initially estimated at about $2,000,000 but that a more complete invoice review showed the current spend was closer to $4,700,000. The committee discussed a requested additional $3,500,000 to complete the requested scope; combining the revised spend and the additional request was described in…
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