Resurgence Hall- Resurgence Hall Charter School (K-4) Resurgence Hall Middle Academy (5-8)

Committee of the Whole

Regular Meeting - Wednesday April 23rd, 2025 @6:30 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Stephen Pritchett present member 5 Minutes Late At Adjournment
Paula Murphy present member On Time At Adjournment
Khaliff Davis present member On Time At Adjournment
Natasha Fenili present member On Time At Adjournment
Tony Jones present member On Time At Adjournment
Michael Daniels present member On Time At Adjournment
Tori Jackson Hines present member On Time At Adjournment

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.

Approve the agenda as submitted

By: Michael Daniels Seconded by: Khaliff Davis

There was no notable discussion on the motion.

Approval of Minutes

Approve the minutes

By: Khaliff Davis Seconded by: Michael Daniels

There was no notable discussion on the motion.

Finance Committee

Auditor selection

  • Recommendation Bambo for RHPA and RHMA


Savings account

  • Shift to savings
  • Next step review investment options


Resurgence Hall Charter School: March Financials

RHPA Monthly Financials

  • Revised investment income forecast: +$54.8K
  • Savings from not backfilling a midyear departure: +$30.4K
  • YTD supply/service adjustments: +$12.4K
  • Updated forecast: $858.5K (↑ from $760.9K)

Grant Drawdowns

  • All federal grants (Title I, II, IV, IDEA 611/619) fully drawn
  • Title I at 54% drawdown with second submission pending

Cash Balance

  • Projected to end FY25 with 386 days cash on hand

SCSC Dashboard (Performance Measures)

  • Current Ratio: 2.25
  • Days Cash: 381
  • Debt to Income: 12.73%
  • Efficiency Margin: 15.76%
  • Total Score: 90 (Meets Financial Standards)


Resurgence Hall Middle Academy: March Financials

RHMA Monthly Financials

  • One new hire added: - $33.6K
  • Minor service/supply revisions: - $12.1K
  • Updated forecast: $398.6K (↓ from $444.3K)

Grant Drawdowns

  • Title I: 80% drawn, first submission complete
  • Title II, IV, IDEA: 100% drawn

Cash Balance

  • Projected to end FY25 with 273 days cash on hand

SCSC Dashboard (Performance Measures)

  • Current Ratio: 1.54
  • Days Cash: 270
  • Debt to Income: 9.76%
  • Efficiency Margin: 18.09%
  • Total Score: 90 (Meets Financial Standards)



The Meeting was Adjourned

The meeting adjourned at approximately 7:01 pm

Motion to adjourn

By: Tony Jones Seconded by: Michael Daniels

There was no notable discussion on the motion.