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Treasurer reports healthy cash balances; board authorizes start of FY2027 budgeting

Richland County CUSD 1 Board of Education (regular monthly meeting) · February 20, 2026

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Summary

Treasurer reported January ending cash funds of $37,941,260.82 and district total assets of $38,661,454.46; administration projected FY26 1% sales tax receipts around $2.3 million if the current monthly average holds; board authorized staff to begin work on the FY2027 budget.

Mister Resnick, the district treasurer, reviewed the January financial report, saying the district began the month with $38,771,240.12, received January cash receipts of $2,102,067.46, recorded expenses of $2,932,046.76 and closed the month with cash fund balances of $37,941,260.82. He presented a district total assets number of $38,661,454.46.

Resnick noted capital projects disbursements (including the solar project and athletic complex) were captured in capital project funds and called out the FY26 1% sales tax receipt of $212,188.62 for the month. Using the four months of FY26 to date, administration projected a monthly average near $193,211 and estimated a fiscal‑year total "somewhere about 2,300,000.0" if the trend holds.

Separately, the board voted to give administration permission to begin preparing the FY2027 budget and estimates; the vote was approved on a roll call.