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FINANCIAL SERVICES

South Carolina law requires that school districts post expenditures of $100 or more as well as credit card statements each month. Laurens County School District 56s Vendor Payments and Credit Card statements are posted below to comply with Spending Transparency Act No. 23.

All expenditures are paid using an accounting system with a 15 digit account structure. An example of this account structure is 100-114-410-000-016. The first 3 digits in this account represent the Fund from which the money is being paid. The next three are the Function or purpose for which the funds are being used. The following set of 3 digits is the Object, service or commodity, being purchased. The next set of 3 digits is used for any special sorting or modification of the expenditure. The last set of 3 digits indicates the location of the expenditure. A brief explain of these codes are listed below.For a more in-depth explanation please visit the South Carolina Department of Education Financial Accounting Handbook and the South Carolina Department of Education Funding Manual at: http://ed.sc.gov/agency/Finance-and-Operations/Finance/old/finance/manuals/index.html.

FUND

100General Fund
200Special Revenue Fund
300Education Improvement Act Fund
400Debt Service Fund
500School Building Fund
600Food Service Fund
700Pupil Activity Fund
800LEA Optional Use for Additional Special Revenue
900SDE Designated Special Revenue Grants

FUNCTION

100Instruction
200Support Services
300Community Services
400Other Charges
500Debt Service

OBJECTS OF EXPENDITURES

300Purchased Service
400Supplies and Materials
500Capital Outlay
600Other Objects
700Transfers

LOCATIONS

000District-wide
016Clinton High School
017Clinton Middle School
019Clinton Elementary School
022Joanna-Woodson Elementary School
023Eastside Elementary School
025Alternative School
ADA Compliance Errors 0