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Sumter School District reports roughly 41% of general-fund revenue collected through Jan. 31
Summary
Chief finance officer Shatika Spearman told the board the district had collected $67.2 million, about 41.02% of the general-fund budget, and forecasted an ending fund balance of about $59.2 million as of Jan. 31, 2025. Board members questioned several line items, including security and transportation.
Sumter School District Chief Finance Officer Shatika Spearman reported to the finance committee that, through Jan. 31, 2025, the district had collected $67,244,759 in general-fund revenue, representing a 41.02% collection of the fiscal-year budget.
Spearman told the committee the district’s fiscal year runs July 1 through June 30 and that local revenue had a budget of $36,914,444 with roughly $9 million collected (about 24.39%). She said state aid to classrooms remained budgeted at $88,426,464 and that collections on that line were approximately $42,962,817, or about 48% of that budget. "We are sitting at a collection of 67,244,759, which represents a 41.02% collection," Spearman said.
The nut graf: the update matters because the district is slightly ahead…
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