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Board accepts January financials; ESSER balance shows small over‑expenditure
Summary
Finance director presented January 2025 reports showing the general fund at 50% of expected revenue and expenditures at 47%; ESSER grant encumbrances leave a remaining negative balance of $24,002.84, which staff said was from proactive liquidation efforts and that late-liquidation approval has been requested.
The Lexington County School District Two board accepted its January financial reports during the Feb. 27 meeting, where Finance Director Miss Strickland reviewed revenues, expenditures and federal ESSER grant balances.
Miss Strickland said the district’s general-fund revenue budget is $124,128,542 and $62,655,600 (50%) had been collected through Jan. 31; expenditures were $58,798,571, or 47% of the budget. “Ideally, we would want to be at 58%,” she said, noting timing differences tied to tax collections.
On ESSER (Elementary and Secondary School Emergency Relief) funds, Miss Strickland reported a total award of $22,958,337 and said the district had applied for late liquidation; staff must encumber the funds and had a remaining negative balance of $24,002.84 because expenditures were intentionally pushed to ensure liquidation before the deadline. She said the district’s ESSER encumbrances are in place and staff are working with state guidance on timing.
The board accepted the monthly financial reports as presented. Several trustees later discussed procurement and minority‑owned vendor tracking in a related agenda item.
Miss Strickland also presented pupil-activity and PAC figures and answered board questions about contingency and procurement staffing; she said the district is interviewing for a new procurement director.
