Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finances topic
No spam. Unsubscribe anytime.
Pickens County school finance chief reports 71.6% of revenue collected through February; district emphasizes 'no debt' on capital outlay
Summary
Chief Financial Officer Amy Smith reported March 12 that the district had collected 71.60% of budgeted revenue through February and expended 54.69% of the general fund budget; she emphasized the district carries no debt and that capital outlay projects are funded from cash on hand. Special revenue collections and largest recent tax collection were also noted.
Pickens County School District Chief Financial Officer Amy Smith told the school board on March 12 that revenue collected through the end of February totaled 71.60% of the budget while expenditures stood at 54.69%.
Smith said special revenue funds have collected 67.89% of the approved revenue budget and expended 51.76% of those funds. She clarified that capital outlay spending is being done from cash on hand and that the district has no bonded debt on those funds: “we have no debt,” she said, explaining that capital outlay money reported is “money in the bank” rather than borrowed funds.
Smith provided month-level details in the meeting: February receipts and interest earned were described in dollar amounts in the transcript but the meeting audio contains some numerical transcription artifacts. She highlighted a record single collection earlier in the year (reported around $928,000 in January) as an unusually large inflow.
Board discussion included confirmation that a five‑year capital outlay plan exists and is presented to the board for approval; the board also maintains a cash‑flow forecast that is updated as projects change. Smith and other staff said they monitor projects and will report significant changes to the board.
The transcript does not include a detailed line‑item budget printout or a roll‑call vote tied to the financial presentation; it records the figures Smith announced and the board’s acceptance of the report as part of routine business.
