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District financial update: Q1 revenues, penny sales tax and request for capital project staffing
Summary
Berkeley County School District presented a first-quarter financial update and asked the board to approve three new capital project positions to manage an expanding pipeline of construction funded largely by penny sales tax and recent bond issuances.
District finance staff presented a first-quarter (through Sept. 30) financial update and sought board approval Dec. 2 for three additional staff positions to support a growing capital project portfolio.
Miss Marcy Abrahamson presented the Q1 summary. For the general fund the district’s approved budget was about $475 million; it had received roughly $58.9 million through Sept. 30 and reported approximately $76.8 million in expenditures with $9.0 million encumbered. Special revenue, EIA, ESSER and several capital fund balances were…
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