Thursday, December 19

Fort Mill School Board Meeting Highlights, December 10, 2024

Extra Special Thanks

  • Fort Mill High School Girls Swim Team 5A Division 2 State Champions
  • Fort Mill High School Boys Swim Team Members Turner Wiand and Dominic Impens Palmetto s Finest Record Book for SCHSL
  • Fort Mill High School Girls Cross Country Team 5A Division 2 State Champions
  • Fort Mill High School Boys Cross Country Team 5A Division 2 State Champions

Update on Monthly Financial and Impact Fees

The monthly report on impact fees and finances was given by Mrs. Leanne Lordo.

Financial Report for the Month

  • October 31st Fourth Month in Fiscal Year
  • Total Revenue $48,561,893

The total amount spent was $67,602,607

Cash flow decrease ($19,040,714) using fund balance

  • Vehicle tax collections $2,003,898
  • Real Estate taxes $3,133,252
  • Act 388 Tier 3 month began in Oct. $2,321,695

Impact Charges

  • Total collected to date $71,263,072
  • To Date, Interest Earned on Impact Fees $6,669,901
  • Single Family units 2,774/Multi Family 1,739 Total 4,513 Units
  • November had 57 homes and 60 multi-family units added
  • Comparable data for 12 months rolling for Single Family
    • November 2023 to November 2024 $8,098,468 or 446 SF Units (55% more)
    • November 2022 to November 2023 $5,211,346 or 287 Units
  • Comparable data for 12 months rolling for Multi Family
    • November 2023 to November 2024 $1,033,720 or 86 MF Units (51% less)
    • November 2022 to November 2023 $2,127,540 or 177 Units
  • Calendar Year 2024 To Date Average collections $807,089

November 2024: $1,756,206 in actual collections

Audit of Finances

  • David Phillips will present the report to the Board at the January 7th meeting.

Program for Bank of America Purchasing Cards

  • District receives annual rebate based on spend volume
  • Received notification $100,430 will be deposited to us by December 31st we will allocate to schools based on their spend percentage. Highest amount to date.
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Report on Finances

Impact Fees for November

Report of the SCSBA Legislative Conference

School board members summarized the South Carolina School Boards Association conference, where state political, policy, and budgetary officials discussed the most important issues in education.

Meetings of the Fort Mill School Board can be watched live or recorded using the link below or the district’s YouTube account.

YouTube video: https://www.youtube.com/watch?v=3bOJ7EcZfmw

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