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Fort Mill board approves $2.67 million year-end transfer to reduce millage and shore up athletics, contingency
Summary
The board approved a $2,667,716 year-end transfer allocating $1,317,716 to debt service (two-mill equivalent), $50,000 to middle-school athletics, $300,000 to high-school athletics and $1,000,000 to contingency; the motion passed by voice vote.
The Fort Mill School District board approved a recommended year-end fund transfer of $2,667,716 during the meeting.
Finance staff recommended allocating $1,317,716 to the debt-service fund (equating to the value of roughly two mills) to reduce the millage impact from a projected high of 85–89 mills to approximately 83 mills for the coming cycle. The recommendation also included $50,000 to supplement middle-school athletics for the just-completed year, $300,000 to supplement high-school athletics and $1,000,000 to the district contingency fund to plan for the near-term operating implications of opening multiple new schools.
A board member (speaker 13) moved the transfer as described and the motion was seconded; the chair called the vote and the motion carried by voice vote (ayes), with no formal roll-call tally recorded in the transcript.
The transfer will be reflected in year-end accounting and was presented as an outgrowth of audit-close estimates and available referendum funds.
