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Piedmont Community Charter Board approves preliminary 2025–26 budget after finance report shows April shortfall
Summary
Board approved the 2025–26 preliminary budget unanimously after the treasurer reported an April operating deficit largely caused by timing of a local payment; board members noted a roughly $600,000 reduction in planned allotments tied to state accounting changes and discussed revisiting long‑term plans this fall.
The Piedmont Community Charter School Board of Directors on May 20 unanimously approved the school’s preliminary 2025–26 budget after hearing the treasurer’s April financial report.
The treasurer reported month‑to‑date April revenues of $2,266,480.14 in state funds, $79,504.76 in local revenue and $138,279.88 in federal revenue; total revenue for the month was reported as $1,745,665.78 against expenses of $1,870,730.20, producing a monthly deficit of $125,064.42 that the treasurer attributed primarily to one local payment arriving May 1 instead of April 30. The board packet also showed a year‑to‑date surplus figure of $689,255.33.
Board members and staff said the district faces an approximate $600,000 reduction in next year’s planning allotments after the state moved certain salary allotments under the ADM (average daily membership) calculation and removed the district from the state’s “low‑wealth” classification. Claire Wilson, who presented the preliminary budget, and other speakers said the low‑wealth supplemental funding the school received this year amounted to $33,658 and that changes at the state level — governed by the legislature, not by local student counts — drove much of the shift.
Members discussed approving the preliminary budget now to meet statutory timelines while reserving the option to amend it in the fall if the state budget or allotments change. "We approve this budget and see what happens this fall," one board member said, adding that lower projected surpluses would require different long‑term plans.
The board approved the preliminary 2025–26 budget by voice vote with no opposing votes. Members also agreed to reconvene in the fall to reassess longer‑term planning after the state budget is finalized.
The packet included additional cash and investment detail: total reported funds held and cash available after designated accounts and reserves. The treasurer noted the board remains within its debt covenants under the proposed budget.
The board directed staff to continue monitoring state allotment changes and to present an updated plan in the fall if final state action materially changes revenues.
