Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Richland 2 reports $312.4 million in third‑quarter revenue; reading‑coach shortfall flagged
Summary
Senior CFO Nancy Williams told the Richland 2 Board on May 13 that the district had received $312,391,664 (80.77%) of anticipated general‑fund revenue through March 31, and highlighted a $350,656 shortfall in state reading‑coach funding that may be absorbed by the general fund.
Nancy Williams, the district’s Senior Chief Financial Officer, told the Richland 2 Board of Trustees on May 13 that general‑fund revenue through March 31 totaled $312,391,664, or 80.77% of the year’s anticipated receipts.
Williams said expenditures for the general fund stood at $261,196,200 and, including open purchase orders (encumbrances), the district had used about 71% of its available general‑fund budget. She said Education Improvement Act (EIA) revenue received to date totaled $29,843,796 with expenditures “over $27.9 million.”
Williams drew the board’s attention to fund 335, the EIA line for reading coaches, which showed a negative balance of $350,656 as of March. She said the state provides a flat amount for reading‑coach funding…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
