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

Finance Committee

Resurgence Hall Charter School: February Financials

• Bottom line forecast increased to $760,883 (from $589,922)
• Key drivers:
• +$297,582 audited depreciation adjustment
• +$74,053 in local sources (scholar dues)
• -$70,635 due to unfilled staff departures
• -$282,083 from lower-than-expected state QBE allotment
• Allotment Midyear sheets unexpectedly low
• GaDOE naming impact on many schools - may be clerical error in that
• GaDOE funded more than was requested for the initial allotment
• QBE overall decreased
• SCSC advocating for hold harmless

Grant Drawdown Summary

• Title I: 54% drawn down ($99,847 of $186,364)
• Title II & IV: Fully drawn
• IDEA 611 & 619: 0% drawn; ready to draw down

Cash Balance

• Forecasted to end FY25 with 361 days’ cash on hand

SCSC Financial Dashboard (as of 2/28/25)

• Current Ratio: 2.27
• Unrestricted Days Cash: 386
• Debt to Income: 12.83%
• Timely Debt Repayment: Yes
• Efficiency Margin: 17.83%
• Debt to Asset Ratio: 82.48%
• Total Score: 90 – Meets Financial Performance Standards

Resurgence Hall Middle Academy: February Financials

• Forecast revised down to $444,272 (from $515,786)
• Key changes:
• -$115,721 from depreciation adjustment
• +$14,022 in local revenue (aftercare)
• +$13,767 from revised state/federal revenue

Grant Drawdown Summary

• All grants (Title I, II, IV, IDEA 611) at 0% drawdown
• Budget revisions and transfers approved
• Drawdowns expected next month

Cash Balance

• Forecasted to end FY25 with 277 days’ cash on hand

SCSC Financial Dashboard (as of 2/28/25)

• Current Ratio: 1.56
• Unrestricted Days Cash: 287
• Debt to Income: 9.76%
• Timely Debt Repayment: Yes
• Efficiency Margin: 21.34%
• Debt to Asset Ratio: 83.89%
• Total Score: 90 – Meets Financial Performance Standards

26 K Escrow need to learn more on ability to drawdown funds from loan

Resurgence Hall Charter School and Resurgence Hall Middle Academy Budget Hearing Dates

The Meeting was Adjourned

The meeting adjourned at approximately 7:01 pm