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Finance director reports January revenue at 41% of budget; expenditures above revenue in January
Summary
Director of finance Shatika Spearman presented the district's general fund revenue and expenditure through Jan. 31, 2025, showing roughly 41% revenue collection and about 48% expenditures to date; staff discussed ESSER liquidating allocation and a $500,000 subscription plan.
The Sumter School District's Director of Finance, Shatika Spearman, reported to trustees on Feb. 10 that general-fund revenue collections through Jan. 31, 2025 were approximately 41% of the budget and that expenditures through the same date were about 48% of the budget.
Spearman provided line-item percentages cited to the board: local revenue collections about 24.39%, state aid classroom funding collected at about 48% (state aid figure quoted as roughly $42.9 million with $3.8 million collected), impact-aid collections at about 59%, and an overall federal and other transfers total cited during the presentation. She said the…
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