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

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, and parent engagement indicators and staff engagement indicators.

Resurgence Hall Middle Academy: 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, and parent engagement indicators and staff engagement indicators.

Finance Committee

Resurgence Hall Charter School: FY26 January Financials

• Forecast increased to approximately $983,706 driven by savings from unfilled positions and interest expense reconciliation, partially offset by added services and supplies costs
• Grant drawdowns have not yet occurred; holding until midterm allotments are released
• Ended January with $6.57M in cash on hand
• Projected to end FY26 with 401 days cash on hand, significantly exceeding the 60-day benchmark
• FY25 Comprehensive Performance Framework fiscal viability score: Meets Standards (90 points)
• FY26 SCSC dashboard indicates continued strong financial performance across all key metrics

Resurgence Hall Middle Academy: FY26 January Financials

• Forecast increased to approximately $487,758 due to role consolidations and interest expense reconciliation, with some unbudgeted expenses in counseling, security, and instructional supplies
• Grant drawdowns have not yet occurred; awaiting midterm allotments
• Ended January with $2.78M in cash on hand
• Projected to end FY26 with 240 days cash on hand, well above the 60-day benchmark
• FY25 Comprehensive Performance Framework fiscal viability score: Meets Standards (90 points)
• FY26 SCSC dashboard reflects strong financial health and compliance across all indicators

Refinance

•  PNC provided an overview of bond financing as a long-term refinancing option, including how charter schools can leverage tax-exempt bonds to secure more stable, fixed-rate debt structures
• Current rate environment was discussed, noting higher interest rates than prior years but opportunities to refinance strategically as market conditions shift
• Timing considerations included aligning refinancing with loan maturity, market windows, and organizational readiness to ensure optimal terms
• PNC shared their experience and track record in charter school lending, including structuring facility financing for high-performing schools and CMOs
• Discussion included next steps and considerations for Resurgence Hall, including evaluating refinancing scenarios, potential savings, and long-term facility strategy
• Recommendation to establish a committee to support research of options and selection of path forward

Governance Committee

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

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

SCSC February Training Recap

• Awaiting confirmation report from SCSC
• New board members have virtual modules to complete
• SCSC training very helpful and supportive

Bylaws Update

• Proposed amendment allows Directors to serve up to three consecutive two-year terms (six years total), followed by a required one-year rotation off the Board
• Amendment applies prospectively, with current Directors eligible to serve up to two additional two-year terms regardless of prior service
• Board discussed the importance of balancing continuity and institutional knowledge with strong governance practices and clear term limits
• The amendment was recommended for approval, with updated bylaws to take effect immediately upon adoption

The Meeting was Adjourned

The meeting adjourned at approximately 7:01 pm