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Finance director: May report shows strong general fund position; late sales tax receipt will post in June
Summary
The district's May financial report showed general fund revenues exceeding expenses and an expected late sales tax deposit. The director noted special fund spending patterns, student activity refunds from canceled trips and ongoing reliance on contracted special‑services providers.
Kershaw County School District presented its May 2025 financial dashboard to the Board of Trustees, with staff reporting general fund revenues above expenses and an expected late sales tax deposit that will be recorded in June.
The finance director said there was no sales tax revenue booked for the reporting month because the state check was not received until June 4; staff said two deposits are expected in June to close out the year's sales tax receipts. The report summarized that year‑to‑date local revenue (including ad valorem and fee‑in‑lieu receipts) and state revenue were generally in line with expectations, though aid to districts lines showed a modest decrease at the 135th day adjustment tied to funding formula calculations.
The May summary also reflected normal end‑of‑year patterns in special funds and student activity accounts. The director told trustees that some schools showed negative receipts for May because previously collected trip funds were refunded after cancellations; Camden Middle refunds for a junior beta convention were cited as an example.
Food service participation data in the report listed May participation at 64.58% and a full‑year average of 66.69% (the finance director noted the district bases participation on days of service rather than a straight monthly average). The budget presentation acknowledged areas to address for participation but said overall figures supported continuation of the CEP (Community Eligibility Provision) where applicable.
On expenditures, the finance director said transfers were higher than typical due to a bond maturity that allowed the district to draw maturing funds back into the general fund; auditors may request different presentation but staff indicated the transfers were correctly booked for year‑end. The director also noted that contracted services costs remain elevated, particularly for special education and related service providers (speech language pathologists, school psychologists), and said the district expects similar contracted‑service needs next year because many providers remain outside traditional district employment.
Board members asked whether contracting levels might fall next year; staff answered that current statewide workforce trends were driving the contracted model and that the district expects continued reliance on contracted special‑services providers. The finance director said the May report was the last full monthly report before audit closeout and that final audited figures would be available in the fall.
