Welcome and Call to Order

The meeting will be called to the order.

Approval of Agenda

So that there is agreement between board members on the agenda, and the amount of time spent on the meeting, the board shall vote to approve an agenda for the meeting. To the best of its ability, it will follow that agenda, and allow for the chair to move the board through the agenda as specified.

Approval of Minutes

Review and approval of prior meeting minutes.

FY27 Proposed Budget Discussion

FY27 Budget for Resurgence Hall Charter School and Resurgence Hall Middle Academy. 

The Board reviewed the FY27 Budget Proposal, which is grounded in three core principles:

• Transition to a mature, K-8 school model
• Continued investment in staffing and retention
• Shift to a sustainable, primarily public revenue model with reduced reliance on one-time philanthropic funding
• Budget reflects a fully staffed model aligned to the organization’s vision, with intentional investments to support instructional quality and long-term stability.
• Continued investment in employees with a competitive salary schedule that is not step-stair, but significant increases at milestones
• 100% Employer paid health insurance
• Comprehensive wellness programming partnership similar to post-COVID partnership

Revenue

• Total revenue reflects a decline year-over-year, driven by:
• Reduced philanthropic funding
• Slight enrollment adjustments
• Increased reliance on predictable public funding streams (QBE, federal)

Expenses

• Personnel remains the largest investment, reflecting:
• Salary benchmarking adjustments
• Expanded staffing (associate teachers, managers)
• Targeted increases in:
• Benefits and insurance
• Technology and curriculum investments

Operating Position - The budget reflects a significant reduction in operating income:

• RHPA: approximately $1.23M to $95K
• RHMA: approximately $770K to $17K

Board members discussed the long-term outlook:

• Positive reception to shift toward recurring public revenue model
• Acknowledgment that:
• Reduced operating surplus in FY27 reflects intentional investment year
• Model remains sustainable given:
• Strong enrollment demand
• Stable public funding
• Healthy reserves

Shared expenses and revenue check - post depreciation 60/40 matches LEA enrollments

Public Comment

Our Public Comment period is for members of the public to address the board. Each member of the public may sign up to comment at the meeting, and will be allotted two minutes. The board will listen, but may not directly respond to any comments. Our meetings are open to the public and public record. As such, if your comment is about a private matter, please contact the board via email, or speak to the board chair privately.

Committee Reports

Academic

Resurgence Hall Charter School: Review the academic dashboard, which includes schoolwide enrollment, attendance averages, demographic data, RHCS entry year, attrition rate, and reason for both students and staff, school climate indicators, and parent engagement indicators and staff engagement indicators.

Resurgence Hall Middle Academy: Review the academic dashboard, which includes schoolwide enrollment, attendance averages, demographic data, RHCS entry year, attrition rate, and reason for both students and staff, school climate indicators, and parent engagement indicators and staff engagement indicators.

FY27 Scholar & Family Handbook Updates

Section J – Grading

• Increased transparency in K–4 grading
• Middle Academy grading clarified as course-specific (shared via syllabus/orientation)
• Ensure syllabus is signed by parent/guardian

Section M – Dress Code

• Clear distinction between uniform vs. spirit wear
• Explicit clarification: boots are not permitted

Section N – School Supplies

• Increase in required supplies (e.g., pencil packs, Kleenex)

Finance

Resurgence Hall Charter School: FY26 March Financials

Forecast

The forecast remains stable following minor revisions, with projected operating income of approximately $1.23M.

Key adjustments included:

• Increase in local revenue from student fees and fundraising
• Removal of certain TRS-related personnel costs from bonus projections
• Higher-than-expected technology services and software expenses

Cash Position

• RHPA ended March with approximately $6.73M in cash on hand
• Days cash on hand exceeds 380+ days, significantly above the 60-day benchmark

Grant Drawdowns

• Title II and Title IV grants fully drawn
• Title I and IDEA grants in progress with initial drawdowns submitted

Fiscal Health

• CPF Fiscal Viability Score: 90 (meets standards)
• Strong indicators across liquidity, debt repayment, and efficiency metrics

Resurgence Hall Middle Academy: FY26 March Financials

Forecast

The forecast remains stable after minor end-of-year adjustments, with projected operating income of approximately $770K.

Key adjustments included:

• Minor increases in services and supplies based on year-to-date spending
• Reduction in personnel projections due to bonus adjustments

Cash Position

• RHMA ended March with approximately $2.97M in cash on hand
• Days cash on hand exceeds 280+ days, well above benchmark

Grant Drawdowns

• GaDOE portal tech issue is preventing ability to submit drawdown

Fiscal Health

• CPF Fiscal Viability Score: 90 (meets standards)
• Strong performance across all financial health metrics

Auditor Selection -

Review CV and past experience with Bambo and recommendation to continue as auditor

Refinance -

• Objective: Secure optimal long-term financing before June 2027 maturity

Partnership Updates:

• SouthState Bank – Initial meeting (March 17)
• Low Income Investment Fund (LIIF) – Initial meeting (April 6)
• Ameris Bank – Intro engagement + follow-up Q&A (March 26)

Strategy:

• Pursuing both traditional lenders and CDFIs to ensure competitive terms

Next Steps:

• Term sheets expected from SouthState & Ameris
• Initial meeting scheduled with EFF
• Continued diligence with LIIF 
• Continued introductions and outreach to potential lenders

Governance

Resurgence Hall Charter School: Review board membership, board recruitment, board fundraising progress, and review policies that govern Resurgence Hall Charter School.

Resurgence Hall Middle Academy: Review board membership, board recruitment, board fundraising progress, and review policies that govern Resurgence Hall Middle Academy.

• Partnering with GCSA-approved SCSC training for Governance training for Stephen
• FY27 Employee Handbook Updates
• Meal Per Diem Increase:Breakfast: $20 (previously $15)
• Lunch: $30 (previously $25)
• Dinner: $50 (previously $35)
• Daily total: $100 (previously $75)
• Rationale: Align with current market conditions and support staff travel needs

Discussion FY27 Scholar and Family Handbook

Discuss 2026-2027 Scholar and Family Handbook

Discussion FY27 Employee Handbook

Discuss 2026-2027 Employee Handbook

Discussion and Vote Auditor

Discussion and Vote Resurgence Hall Charter School and Resurgence Hall Middle Academy Auditor for FY26 Financials

Discussion and Vote FY26 March Financials

School Leader Report

Scholar & School Highlights

• RHMA Girls Basketball Team won the championship
• 17 eighth-grade scholars participated in international trip to London
• Exploring fundraising opportunities to make cost not a barrier
• Annual trips beginning FY27 5-8. 5th and 7th grade trip low hundreds
• Goal is that when scholar graduates 8th grade would have participated in at least 2 of the 4 trips.
• Class of 2026 accepted to multiple competitive high schools
• “Full Circle” Celebration honored 26 K–8 scholars and families who have been enrolled since K or 1st grade
• Impact Awards recognized outstanding educators

Participation in:

• Pahara Institute Fellowship (national leadership network)
• Leadership Atlanta (regional civic leadership program)
• Focus: Strengthening leadership capacity, partnerships, and long-term impact

Chairman's Remarks

Closing remarks from board chair.

The Meeting was Adjourned

The meeting adjourned at approximately 8:17 pm