The Richland County Community School District 1 treasurer reported the district's December cash balance and explained recent fund movements tied to capital projects.

The treasurer said the education fund showed a roughly $2,500,000 decrease from the prior month because the district paid the first installment on a solar installation and moved payments into the capital projects fund for the athletic complex; the capital projects balance rose by about $945,000 as a result. The treasurer reported a cash balance of $38,771,240.12 at the end of December and, including assets and student activity funds, a total of $39,512,605.29.

The treasurer noted December sales-tax receipts were the second-highest on record and projected that, if the revenue trend continued, sales-tax receipts from the local 1% levy could approach $2.2 million for the year. Board members had no substantive changes to the presentation and approved the financial reports on a roll-call vote.

The board did not provide a line-item spending plan for the bond-supported athletic project or a detailed timetable for solar-project payouts in open session; those specifics were not specified.