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Piedmont Community Charter School reports multi‑million cash position after June distribution
Summary
The board heard the treasurers June and July financial reports showing about $7.0 million in cash and investments, a midyear investor distribution and small year‑end budget variance.
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…
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