Margaret Scurlock, the custodian of funds for the county schools, said the district’s general fund balance was at $4.9 million as of Sept. 30. That amount is $210,000 short of a one-month operating fund required by the state. However, it is higher than previous estimates.
During a budget hearing in September, Scurlock said projections had the fund balance at $4.25 million. And on Sept. 30 2011, the general fund balance was $1.5 million.
“Our finances are definitely improving,” Scurlock told the audience at the board’s meeting on Thursday.
Scurlock said local general funds swelled from $471,797 in 2011 to $4.7 million in 2012
According to Scurlock, the gain in local funds came about because the school district’s sales tax revenue increased from $10.6 million in 2011 to $11.7 million in 2012. Scurlock added that other factors like the recent closing of schools contributed to the steep gains.
Though revenue from sales tax increased, funds from ad valorem taxes decreased from $4.8 million in 2011 to $4.5 million in 2012.
The county schools’ child nutrition program also saw significant increase in its fund balance — jumping from $664,000 to $1.1 million.
Scurlock said those gains were made from reducing personnel, monitoring supplies and efficient use of commodities.
In other business, the board:
•Approved a motion to issue the district’s payroll checks on Dec. 21.
•Approved the child nutrition program’s plan for food safety.
•Appointed Gina Wisner to the Sick Bank Committee.
•Heard from Joel Hagood, the county school system’s director of curriculum and instruction, who said the district was spotlighted for progress in college preparation during a recent conference in Florence.