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Board accepts February financial report and approves first reading of FY26 general fund budget

South Carolina Public Charter School District Board of Trustees · April 11, 2025
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Summary

Trustees accepted the February 2025 financial report showing a year-to-date net gain and approved the first reading of the FY26 general fund budget (House version basis), which assumes conservative revenue projections, a proposed teacher minimum salary increase and adding FTEs for IT and PowerSchool support.

The board approved the February 2025 financial report and approved the first reading of the FY26 general fund budget during the April 10 meeting.

Nick Michael, finance director, reported district-wide revenue of over $136,200,000 and expenditures of over $136,000,000 through Feb. 28, resulting in a year‑to‑date net gain of $172,303 and increasing the district’s fund balance to…

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