First glimpse of Sumter School District audit to be revealed Wednesday

BY BRUCE MILLS
bruce@theitem.com
Posted 11/28/17

A draft preview of the Sumter School District's most recent audit report will be presented to the district's Board of Trustees' Finance Committee Wednesday, marking the first public glimpse of how the …

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First glimpse of Sumter School District audit to be revealed Wednesday

Posted

A draft preview of the Sumter School District's most recent audit report will be presented to the district's Board of Trustees' Finance Committee Wednesday, marking the first public glimpse of how the district has spent its money since last year's overspending was revealed.

The projected ending fund balance for Fiscal Year 2016 — July 1, 2016, to June 30, 2017, — is $665,165, according to Chief Financial Officer Chris Griner, the same estimate he gave last month to the committee and in recent board meetings.

The district's auditor, Robin Poston, will formally present the official 2017 audit report on Monday night at the board's regularly scheduled monthly meeting for December at the district office, 1345 Wilson Hall Road.

Last year when Poston released the 2016 audit report, it revealed the district overspent its budget by $6.2 million and had an ending general fund balance of $106,449 — a critically low level, according to Poston. That led to numerous cost-cutting measures and eventually Griner's hiring in July. 

Wednesday's committee meeting begins at 7:45 a.m. Like all board-related events, the meeting is open to the public.