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PCSD financial, legislative and operational updates: January finances, staffing for external affairs and IT, and internal risk assessment
Summary
PCSD finance director reported a net gain for January 2025 and an increase to the district office fund balance; board heard updates on external affairs staffing and legislative tracking, plans to bring PowerSchool services in-house, and a new internal financial risk-assessment tool.
At the March 13 meeting, South Carolina Public Charter School District finance and operations staff updated trustees on January finances, legislative developments, organizational staffing, and a new internal risk-assessment tool for school finances.
Finance director Nick Michael told trustees that through Jan. 31 the district had received about $117.8 million in revenue and incurred roughly $117.7 million in expenditures, producing a net gain of approximately $90,169 for the period. He also said the district office recorded about $488,000 in revenue and $434,000 in expenditures for January, increasing the beginning fund balance by $100,809 for the fiscal year. Michael said approximately 97.44 percent of the district's state revenue allocation is categorized under state aid to classrooms.
Michael request…
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