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Richland 1 reallocates $1.4 million from fund balance for software, evaluations and programs; district publishes longer multi‑year reserve plan
Summary
The board approved reallocating $1.4 million from FY23-24 unassigned fund balance to specific FY25-26 projects and reviewed an informational plan for larger reserved fund allocations tied to the Appropriations Act.
The Richland 1 Board of School Commissioners on June 24 approved the reallocation of $1,400,000 from the district's FY23-24 unassigned fund balance to several FY25-26 projects and reviewed an informational plan for additional reserved fund uses required by state reporting.
The administration asked the board to approve the reallocation and identified five targeted items: Kronos implementation ($50,000); South Carolina Department of Education agreed‑upon procedures ($250,000); University of South Carolina South Carolina DREAM program ($584,000); a web‑based two‑way communications solution ($100,000); and summer student evaluations and related pay for employees outside the 240‑day schedule ($418,000). "For us to be able to…
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