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Kershaw district finance report: November ledger shows expected shortfall; 45-day count produced slight funding gain
Summary
District finance staff reported November ledger balances show expenses exceeding revenues by about $1 million (on budgeted expectations), sales tax revenue for the month was about $843,000, and the 45-day average daily membership (ADM) count produced a small net funding gain for the district.
At the Jan. 14 Kershaw County School Board meeting, district finance staff presented the November financial dashboard, saying ledger balances show current-year expenses exceeding revenues by roughly $1 million but that this outcome aligns with budgeted expectations.
Mister Willard presented the report and noted the district had added the FY24 audit fund balance into the ledger. He told trustees sales tax monthly revenue for November totaled about $843,000 and cautioned that sales-tax receipts are received one month after collections. Willard also reminded the board that an interest payment of $2,228,000 on the district's referendum bond was recorded in September and that bond-related payments will increase going into late February and early March when the next batch of payments is due.
On state aid, Willard explained the district combines general fund and Education Improvement Act (EIA) lines for reporting and that the 45-day student-count adjustment affects those lines; at the 45-day count the district did not lose funding and in fact gained a small amount compared with budget projections. He said the administration would wait for January payments to confirm the final amounts before reporting specific figures.
Willard highlighted that special-fund revenue typically trails special-fund expenditures because the district pays expenses up front and seeks reimbursement later, and he described student activity and food-service trends as consistent with expectations. He also noted the district's community eligibility provision for school meals remains on track compared with FY24.
No formal board vote was recorded on approval of the report in the public transcript; trustees posed no substantive questions that changed the staff recommendations.
