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
100 | General Fund |
200 | Special Revenue Fund |
300 | Education Improvement Act Fund |
400 | Debt Service Fund |
500 | School Building Fund |
600 | Food Service Fund |
700 | Pupil Activity Fund |
800 | LEA Optional Use for Additional Special Revenue |
900 | SDE Designated Special Revenue Grants |
FUNCTION
100 | Instruction |
200 | Support Services |
300 | Community Services |
400 | Other Charges |
500 | Debt Service |
OBJECTS OF EXPENDITURES
300 | Purchased Service |
400 | Supplies and Materials |
500 | Capital Outlay |
600 | Other Objects |
700 | Transfers |
LOCATIONS
000 | District-wide |
016 | Clinton High School |
017 | Clinton Middle School |
019 | Clinton Elementary School |
022 | Joanna-Woodson Elementary School |
023 | Eastside Elementary School |
025 | Alternative School |