The Sumter School District will extend another bonus in the fall for returning teachers and staff.
Superintendent Penelope Martin-Knox announced the measure that will pay a $1,000 bonus, or “retention allowance,” to all returning full-time teachers and staff and $500 to all part-time staff at back in the fall. New employees will also receive the same amounts, depending on whether they are full-time or part-time.
Martin-Knox made the announcement Monday night during the district board’s regular monthly business session at Sumter High School.
The stipend amounts are intended for teachers, bus drivers, food service workers and all other employees, regardless of classification.
Employees will see payments over the fall, similar to the Retention Allowance that was paid in October last year. It was just for different amounts.
District chief financial officer Jennifer Miller said Tuesday that $2.4 million has been budgeted to pay the benefits.
Martin-Knox made the announcement after Miller presented the general fund financial report through March 31, which projects the district will increase its fund balance through June 30, 2022, by $1.2 million. This net income total still includes the $2.4 million expense for bonuses.
Accounting for vacancies and other payroll adjustments contributed to the increase in the projected fund balance, Miller said.
The district’s projected fund balance as of June 30 is now set at $33.8 million, according to the report.
IN OTHER COUNCIL NEWS
Three board committee chairs announced upcoming committee meetings. The Trustee Policy Committee will meet on May 12, the Finance Committee will meet on May 16, and the Board Facilities Committee will meet on May 18. All meetings will be held at the District Office, 1345 Wilson Hall Road, and will begin at 6 p.m.