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District 5 trustees hear Finance 101 workshop on budgeting, debt and procurement
Summary
Missy Campbell, chief financial officer for Spartanburg School District 7, told District Five trustees that budgets should be driven by district priorities and supported by multiyear planning, conservative assumptions and strong fund‑balance practices.
Missy Campbell, chief financial officer for Spartanburg School District 7 and a member of the South Carolina Association of School Business Officials, led a Finance 101 workshop for Lexington‑Richland School District Five trustees focused on how districts build, manage and sustain general‑fund budgets.
"A budget should reflect your goals, your values, and your priorities in your district," Campbell said, urging trustees to treat the budget as "a living, breathing, working document" rather than a one‑time exercise. She emphasized that salaries and benefits typically account for 85–90% of general‑fund spending and…
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