The figures below represent our actual operating revenue and expenses through March 30, 2017 and projected operating revenue and expenses through the end of the fiscal year June 30,2017. This was an investment year for PEF as we merged with the Associated Parents Clubs of Piedmont and hired the first Executive Director for these combined groups. PEF is proud to state that 100% of our operating expenses are used in direct support of our mission to provide sustained financial support to the Piedmont Unified School District.
As of May 2017, the PEF Board of Directors approved grants of over $2.4 million to PUSD. This amount represents all funds raised in Fiscal Year 2016-2017 minus direct expenses. Grant funds were transfered to PUSD in October 2017.