Welcome and Call to Order

The meeting will be called to the order.

Approval of Minutes

Review and approval of prior meeting minutes.

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.

Finance Committee

Resurgence Hall Charter School: October Financials

Previous Forecast 266,164

• Supplies (3,579) Higher staff joy and technology supply costs
• Purchased Services (5,261) Increased professional development and HR costs
• Benefits & Insurance (26,596) Associated with additional personnel
• Three school services associates moved from RHMA to
• RHPA; one new teacher associate position created Personnel (85,830)

Current Forecast 144,898

First Title Drawdown Prepared and Ready for Submission

Current Ratio 2.05 - 15 pts. Current Ratio is greater than 1.0. Compares current assets to current liabilities to measure if the school can pay short-term obligations.

Unrestricted Days Cash 309 - 20 pts. Days cash is greater than 60 days, Compares unrestricted cash to expenses per day to measure how many days a school can pay its operating expenses without an inflow of cash.

Enrollment Variance 2.86% - 10 pts. Enrollment Variance is between 2% and 8% Compares projected enrollment reported to the state to current enrollment.

Debt to Income Ratio 13.19% - 10 pts. Annual Debt to Asset Ratio is between 5% to 15% Compares total debt service to total revenue to measure

how much the school owes each month to how much they earn

Timely Repayment of Debt Yes - 10pts. Based on current loan covenants and debt service payments Measurement of if a school repays its debts on time.

Efficiency Margin 7.24% - 15pts. Efficiency Margin is greater than 0% Compares the change in net assets to the total revenue to measure if the school can use assets to generate income

Debt to Asset Ratio 85.07% - 20pts Debt to Asset Ratio is less than 95%. Compares total liabilities to total assets to measure the school's financial leverage.

80 - 100 points --Meets Financial Performance Standards

70 – 79 points -- Approached Financial Performance Standards

0 – 69 points -- Does Not Meet Financial Performance Standards

Resurgence Hall Middle Academy: October Financials

Previous Forecast 21,143

• Personnel 60,547 Three school services associates moved to RHPA
• Benefits & Insurances 15,787 Associated benefits
• Purchased Services 3,746 Lower professional development and HR costs
• Supplies 2,931 Lower staff joy and technology supply costs

Current Forecast 104,154

Awaiting GaDOE approval to finalize Title budgets

Current Ratio 1.43 - 15 pts. Current Ratio is greater than 1.0. Compares current assets to current liabilities to measure if the school can pay short-term obligations.

Unrestricted Days Cash 198 - 20 pts. Days cash is greater than 60 days, Compares unrestricted cash to expenses per day to measure how many days a school can pay its operating expenses without an inflow of cash.

Enrollment Variance 8.26% - 0 pts. Enrollment Variance is between 2% and 8% Compares projected enrollment reported to the state to current enrollment.

Debt to Income Ratio 10.01% - 10 pts. Annual Debt to Asset Ratio is between 5% to 15% Compares total debt service to total revenue to measure

how much the school owes each month to how much they earn

Timely Repayment of Debt Yes - 10pts. Based on current loan covenants and debt service payments Measurement of if a school repays its debts on time.

Efficiency Margin 7.15% - 15pts. Efficiency Margin is greater than 0% Compares the change in net assets to the total revenue to measure if the school can use assets to generate income

Debt to Asset Ratio 87.35% - 20pts Debt to Asset Ratio is less than 95%. Compares total liabilities to total assets to measure the school's financial leverage.

80 - 100 points --Meets Financial Performance Standards

70 – 79 points -- Approached Financial Performance Standards

0 – 69 points -- Does Not Meet Financial Performance Standards

Academic Committee

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,

parent engagement indicators, and staff engagement indicators. Enrollment FY25.

• Demographic Data
• Total enrollment
• Gender
• FRL
• Race
• Special Programs
• Zones
• Priority Enrollment
• YOY Application submissions per month
• Upcoming year applications per grade level

Resurgence Hall Middle Academy: Review the 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 FY25.

• Demographic Data
• Total enrollment
• Gender
• FRL
• Race
• Special Programs
• Zones
• Priority Enrollment
• YOY Application submissions per month
• Upcoming year applications per grade level

Governance Committee

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

• FY24 CPF results are expected early next year
• New guidance released this month for governing board training - 

Atlanta – Loudermilk Conference Center

February 12, 9:00 a.m. – 5:00 p.m. – Training for All Governing Board Members

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

• FY24 CPF results are expected early next year
• New guidance released this month for governing board training - 

Atlanta – Loudermilk Conference Center

February 12, 9:00 a.m. – 5:00 p.m. – Training for All Governing Board Members

Adjournment

End Meeting

The Meeting was Adjourned

The meeting adjourned at approximately 6:58 pm