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PCSD board accepts September financial report and receives audit update; superintendent reports 32 letters of intent
Summary
Trustees approved the September 2025 financial report and heard that the FY25 draft audit returned an unmodified opinion and a general fund balance increase. Superintendent Neely reported 32 letters of intent for new-charter applicants and staff updates on data systems and report-card performance.
At its Nov. 20 meeting the South Carolina Public Charter School District board approved the September 2025 financial report and received an audit update.
Nick Michael, deputy superintendent of financial services, said the district was at 72.87% of the general fund approved budget at the September reporting point (the guideline expectation is 75%). He reported about $55 million in revenue and similar expenditures year to date, producing a small net loss driven by front-loaded expenses; October results were expected to move the year back into positive…
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