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

Committee of the Whole

Regular Meeting - Wednesday May 28th, 2025 @6:30 PM

Meeting Minutes

Attendance Summary

Name Status Arrival Time Departure Time
Stephen Pritchett present member On Time 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 not present member
Michael Daniels not present member
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: Natasha Fenili Seconded by: Stephen Pritchett

There was no notable discussion on the motion.

Approval of Minutes

Approve the minutes

By: Stephen Pritchett Seconded by: Khaliff Davis

There was no notable discussion on the motion.

Finance Committee

Resurgence Hall Charter School: April Financials

  • Updated Forecast: Current forecast is $864,354 (previously $862,829)
  • Adjustments include:
  • Decreased special education services; increased PD and recruitment
  • Questions/Clarification on increasing Staff Joy budget in actual spend or allocation change?
  • Increased disability insurance and staff food budgets
  • Grant Drawdowns:
  • Title I: 80% drawn ($149,486 of $186,364)
  • Title II, IV, IDEA 611 & 619: 100% drawn
  • Cash Position: Forecasted to end FY25 with 386 days’ cash on hand
  • SCSC Financial Dashboard (as of 4/30/25):
  • Current Ratio: 2.19 (15 points)
  • Days Cash: 378 (20 points)
  • Debt to Income Ratio: 12.7% (10 points)
  • Timely Debt Repayment: Yes (10 points)
  • Efficiency Margin: 15.35% (15 points)
  • Debt to Asset Ratio: 83.02% (20 points)
  • Total: 90 points – Meets Financial Performance Standards


Resurgence Hall Middle Academy: April Financials

  • Updated Forecast: Current forecast is $410,646 (previously $398,576)
  • Adjustments include:
  • Savings in PD and extracurricular supplies
  • Increased membership fees
  • Grant Drawdowns:
  • Title I: 80% drawn ($79,299 of $99,564); final drawdown pending
  • Title II, IV, IDEA 611: 100% drawn
  • Cash Position: Forecasted to end FY25 with 266 days’ cash on hand
  • SCSC Financial Dashboard (as of 4/30/25):
  • Current Ratio: 1.54 (15 points)
  • Days Cash: 279 (20 points)
  • Debt to Income Ratio: 9.75% (10 points)
  • Timely Debt Repayment: Yes (10 points)
  • Efficiency Margin: 20.41% (15 points)
  • Debt to Asset Ratio: 84.12% (20 points)
  • Total: 90 points – Meets Financial Performance Standards


The Meeting was Adjourned

The meeting adjourned at approximately 6:59pm

Motion to adjourn

By: Natasha Fenili Seconded by: Stephen Pritchett

There was no notable discussion on the motion.