The Piedmont Community Charter School Board received a financial update showing the school held roughly $7.0 million in cash and investments at the end of June and July and that the school paid a semiannual investor distribution in June. The treasurer reported the numbers during the boards Aug. 19 meeting.

The treasurer said total revenue for June was $2,000,652.15 and total expenses were $1,941,644.21, leaving a net surplus before investment of $281,007.94. Investment income for the period was $98,834.13, producing a net surplus after investment of $379,842.07. Cash and investments across accounts on June 30 were reported as $7,382,112.07, comprised of operating, student activities and investment accounts and petty cash, with $3,100,095.05 held in the investment account.

The treasurer summarized year‑end adjustments and a set of transfers: a transfer to a repair and replacement account of $400,000 and fund balance appropriations of $540,249.59. After accounting for those items and prepaid expenses, the treasurer said the variance from anticipated totals was about $38,282.24, roughly a half‑percent variance for the fiscal year.

The board was told the school completed its semiannual investor distribution in June of $1,113,125; the treasurer reported funds currently held by U.S. Bank at $2,145,563.57 after the distribution. For July, the treasurer reported total revenue of $1,398,316.90 and total expenses of $1,749,532.92 and that total cash and investments on July 31 were about $7,010,084.17, with $3,117,622.93 in the investment account.

The treasurer provided an anticipated cash‑available projection that factored in year‑end budgeted surplus, appropriations and amounts held in investment accounts, concluding an expected cash available by next June of about $3,714,163.51.

No formal board action was recorded on the finance presentation itself; the board asked no substantive follow‑up questions during the report. The treasurer answered queries about account sources and confirmed two scheduled investor distributions per year, in June and December.

The finance presentation preceded separate agenda votes later in the meeting on personnel and facilities items.