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EPIC board approves May financials and orders legal review of roughly $450,000 IRS liability
Summary
The EPIC Charter Schools board approved financial statements for the period ending May 31, 2025, authorized a purchase order to pay a longstanding payroll-tax balance and voted to have general counsel consult a tax attorney to pursue possible abatements of penalties and interest.
The EPIC Charter Schools board approved financial statements for the period ending May 31, 2025, and moved to address a longstanding payroll-tax issue with the Internal Revenue Service, voting to authorize a purchase order to pay the balance and to have school counsel consult a tax attorney.
The board approved the May financial statements after a presentation by Michael Florey, who said the system ended May with a fund balance he described as improving after cost reductions. “We ended May with a fund balance of 16,800,000.0,” Michael Florey said during the finance update. The board then approved a motion to accept those…
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