Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
December finance report: district receipts exceed expenditures by about $973,000; bonuses paid in December
Summary
The district reported $15.3 million in revenue and $14.3 million in expenditures for December, leaving a surplus of roughly $973,000; officials noted the district paid employee bonuses in December and tax revenues continue to arrive.
Orangeburg County School District’s finance director reported to the board on Jan. 14 that December revenue totaled $15,300,000 and expenditures totaled $14,300,000, leaving revenue exceeding expenditures by roughly $973,000 for the month.
The superintendent and finance staff noted the December numbers include employee bonuses that were paid out in December. Board members asked about the pace of tax collections; finance staff said property-tax receipts are still arriving and that timing affects monthly revenue. One board member requested a detailed breakdown of a $55 million figure referenced at a previous meeting and asked the finance department to provide a salary breakdown in a different format; staff agreed to supply the requested detail.
The finance report was informational; no budget amendments or new appropriations were proposed during the Jan. 14 meeting. Board members expressed interest in seeing a more detailed salary and expenditure breakdown ahead of upcoming budget discussions.
