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Lake Norman Charter board adopts fiscal 2025–26 budget with modest surplus
Summary
The Lake Norman Charter board approved a fiscal-year 2025–26 budget that projects roughly $99,000 in net surplus, preserves current staffing increases and adds three positions while building in an estimated $77,000 in athletic participation fee revenue.
The Lake Norman Charter Board of Directors voted to approve its fiscal year 2025–26 budget after a presentation from finance director Hailey Wilson. The motion to adopt the budget was moved by Nicole and seconded by Amy; the chair called the vote and the motion passed with no opposition recorded on the transcript.
Wilson told the board the draft budget assumes largely flat state funding and builds in a 0.05% state funding increase in the near term, about $160,000 in interest income and $77,000 from a new athletic…
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