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District warns of roughly $300,000 revenue shortfall after 70‑student enrollment drop
Summary
District administration told the board enrollment is down about 70 students and preliminary estimates show an approximate $300,000 revenue shortfall this fiscal year; officials said the fund balance was $3,250,000 as of June 2024 and staff are evaluating budget adjustments.
Wanda Willis told the Florence County School District Board of Trustees the district’s enrollment has decreased by roughly 70 students this year and the administration expects an estimated $300,000 revenue impact for the current fiscal year.
Willis said the district’s fund balance was $3,250,000 as of June 2024 and described the balance as healthy despite the projected hit. “It looks like we're gonna take about a $300,000 hit because of the loss of those students,” Willis said, adding that the administration is evaluating midyear budget options and monitoring property‑tax receipts that typically arrive in February and March.
Why it matters: lower enrollment directly reduces state and local revenue allocations tied to student counts. Administrators said they will watch other revenue streams and may adjust next year’s budget planning but offered no specific cuts or staffing changes at this meeting.
Board members asked clarifying questions about timing of tax receipts and whether the shortfall was certain; Willis said some revenues may come in higher than projected but the $300,000 estimate is a planning figure.
No formal budget amendment was adopted at the meeting; the discussion was reported as part of the superintendent’s and financial update.
