Welcome and Call to Order

The meeting will be called to the order at 7:05pm.

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

Discussion RE: Finance Committee

Resurgence Hall Charter School: Presentation includes monthly financial presentation, balance sheet, budget vs. actuals, cash flow, income statement, YTD credit card register, financial workbook, February and March financials, February and March bank reconciliations and registers -which includes all banking accounts, credit cards, and checks. Review of FY23 Balance Sheet.

• 478,000 increase to operating income vs budget
• Revenue increase largely due to additional grant funding
• Expense reallocation of personnel from primary to middle academy 
• 294,000 savings in personnel 
• Cash balance in good standing
• On track to receive 90/100 points SCSC Financial Performance

Resurgence Hall Middle Academy: Presentation includes monthly financial presentation, balance sheet, budget vs. actuals, cash flow, income statement, YTD credit card register, financial workbook, February and March financials, February and March bank reconciliations and registers -which includes all banking accounts, credit cards, and checks. Review of FY23 Balance Sheet.

• 1.3M increase to operating income vs budget
• Local sources of revenue of grant funding, shifting csp to FY23, notified MA will receive ESSER funds
• 19K decrease due to reallocation of personnel 
• Projecting to end FY23 with $906K
• On track to receive 95/100 points of SCSC Financial Performance

First draft of FY24 budget

Highlights- Reflecting FY24 QBE rates for both academies

• Staffing updated salaries
• Allocating 23% of facility costs to MA
• 394K for PA, 393K for MA
• Increased resources with field trip and field trip transportation
• Increased resources in arts, music, and extracurriculars for MA sports 
• Salary increase- cost of living increase, increase in entry-level to be competitive
• Building improvements to Phoenix and Founders for window replacement
• Security enhancements with doors

Banking updates

• Implementation of Positive Pay
• Working to consolidate down accounts

Discussion RE: Academic Committee

Resurgence Hall Charter School: Review 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, parent engagement indicators, and staff engagement indicators. Enrollment FY23.

Resurgence Hall Middle Academy: Review academic dashboard, which includes schoolwide enrollment, attendance averages, demographic data, RHMA entry year, attrition rate and reason for both students and staff, school climate indicators, parent engagement indicators, and staff engagement indicators. Enrollment FY23.

• Milestones start next week
• Enrollment- Attrition- half of it is due to relocation
• Bill to allow non-yellow buses to provide transportation came before legislation but did not go through
• Waitlist over 500

Discussion RE: Governance Committee

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

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

• Training on 13th and 14th- in-person, modified, “how to plan and have an effective board meeting” session, rules and regulations may change, be transparent and having communication.
• Steven and Nelmaris will find another training, recommendation of GA State Charter training before the end of May
• Notice Requirements, no longer required to publicize the amending budget meetings
• CAP Response- Received points back for FY23, still waiting on FY22 rectification

Adjournment

The Meeting was Adjourned

The meeting adjourned at approximately 7:57 pm