Approve the agenda as submitted
By: Khaliff Davis Seconded by: Natasha Dowell
Add discussion and updates on refinance (add as standing item)
Resurgence Hall- Resurgence Hall Charter School (K-4) Resurgence Hall Middle Academy (5-8)
Committee of the Whole
Regular Meeting - Wednesday March 25th, 2026 @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 | not present member | ||
| Tony Jones | not present member | ||
| Michael Daniels | present member | 5 Minutes Late | At Adjournment |
| Lavita Williams | present member | On Time | At Adjournment |
| Natasha Dowell | present member | On Time | At Adjournment |
| Tori Jackson Hines | present Non-voting Administration | 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.
Approval of Minutes
Approve the minutes as submitted
By: Khaliff Davis Seconded by: Natasha Dowell
There was no notable discussion on the motion.
Finance Committee
- Resurgence Hall Charter School: FY26 February Financials
Forecast Overview
The updated forecast increased from approximately $977K to $1.18M. The primary driver was a higher-than-expected midterm QBE allotment. Additional impacts included personnel savings due to midyear vacancies not being backfilled, revisions to the depreciation schedule, and reduced services and facilities costs.
Revenue and Funding
State funding increased due to enrollment and updated QBE allotments. The Charter Commission supplement and overall revenue projections also increased.
Cash Position
RHPA ended February with $6.53M in cash on hand, maintaining a very strong liquidity position well above the 60-day benchmark.
Fiscal Health
The Fiscal Viability Score is 90, meeting standards. Key indicators remain strong, including a current ratio of 2.22, 378 days cash on hand, and a positive efficiency margin.
- Resurgence Hall Middle Academy: FY26 February Financials
Forecast Overview
The updated forecast increased from approximately $507K to $676K. This was driven by a favorable QBE midterm allotment and adjustments to the bonus forecast. Personnel costs increased but were offset by revenue gains, while services and supplies saw modest increases.
Revenue and Funding
State revenue increased due to QBE adjustments. Federal revenue projections were slightly lower than forecast.
Cash Position
RHMA ended February with $2.85M in cash on hand, maintaining a strong liquidity position above target thresholds.
Fiscal Health
The Fiscal Viability Score is 90, meeting standards. The current ratio is 1.73, with 273 days cash on hand and a strong efficiency margin of 24.45 percent.
Refinance Updates
Create standing agenda for updates
Considerations of supports/consults needed
Price out options traditional lending vs. CDFI
Rates slightly elevated, consider timing of rate locks
Note current rate 6%
The Meeting was Adjourned
The meeting adjourned at approximately 7:04 pm
Motion to adjourn
By: Michael Daniels Seconded by: Stephen Pritchett
There was no notable discussion on the motion.