Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Piedmont Community Charter posts $1.15 million surplus for 2023–24; July shows early‑year operating dip
Summary
The board reviewed year‑end audited figures showing $20.5 million in revenue and a $1.15 million net surplus for 2023–24; an accounting transfer to a repair-and-replacement account and typical early‑year timing produced a July operating deficit that staff said is expected to reverse as year‑to‑date revenues arrive.
Commissioner McCraney, presenting the treasurer and finance committee report, said the school recorded $20,525,001.72 in revenue against $19,370,426.48 in expenses for fiscal 2023–24, producing a net surplus of $1,154,575.24; after other income, he reported a reconciled surplus of $1,454,921.04.
The report to the board included account balances and an explanation for a large month‑to‑month change in operating cash. McCraney told directors the operating account balance fell at month end because…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
