Schools
School Board Seeks Assurances On Sales Tax Revenue
The school system chief financial officer told the Board that sales tax revenue was down in calendar year 2019 compared with a year earlier.
Oconee County Board of Education members sought assurances last week from Oconee County Schools Chief Financial Officer Saranna Charping once she completed her monthly financial update.
Charping had just told the Board that collections from the system’s one percent Education Local Option Sales were down slightly in calendar year 2019 compared with the year earlier.
She also told the Board that the systems has made $7,130,950 in payments against the $25,859,700 in bond debt and is required to pay only $334,187 in the remainder of this calendar year.
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As of the end of January, Charping reported, the school system had $2,843,088 in its ELOST account, meaning it will have no difficulty making the upcoming payment this year.
“I don’t see any real concern on your face,” Board Member Tim Burgess said to Charping at the end of her report.
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“Not at this time,” Charping said with a smile and laugh.
For more on this story, with a video of the Board of Education meeting, please go to Oconee County Observations.
