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

Finance Committee

Resurgence Hall Charter School: FY25 Audit 

Clean Audit Opinion: The auditor issued an unmodified (clean) opinion—financial statements present fairly, in all material respects, the school’s financial position as of June 30, 2025.

Strong Financial Position:

• Total assets: $23.6M
• Total liabilities: $21.1M
• Net position: $3.58M, an increase of $199K over prior year.

Healthy Fund Balance: General fund unassigned balance of $5.21M, reflecting continued fiscal stability and sound cash reserves.

Internal Controls & Compliance: No material weaknesses or significant deficiencies reported; all compliance requirements under Government Auditing Standards were met.

Resurgence Hall Middle Academy: FY25 Audit

Clean Audit Opinion: The auditor issued an unmodified (clean) opinion — the financial statements present fairly, in all material respects, the financial position of the school as of June 30, 2025.

Strong Financial Standing:

• Total assets: $11.6M
• Total liabilities: $10.78M
• Net position: $1.45M, an increase of $189K from FY24.

Healthy Fund Balance: The unassigned general fund balance stands at $2.03M, reflecting strong fiscal management and reserve stability.

Internal Controls: No material weaknesses or compliance issues identified; all requirements under Government Auditing Standards met.

Comparison to other SCSC schools?

• RH strong start and continued health
• Most schools have issues in the beginning years, implement feedback, get better

Resurgence Hall Charter School: FY26 July & August Financials

• Forecast Update:
• Updated forecast now $893K favorable vs. prior projection.
• Increases driven by strong initial state revenue allotments and updated enrollment data.
• Offsetting factors: higher disability insurance, supplies, and service costs tied to enrollment growth.
• State Revenue:
• Enrollment: 400 scholars (vs. 392 budgeted).
• QBE + Commission funding: Total $6.22M (↑ $785K from board budget)
• Grants:
• Title I, II, IV, IDEA 611, and 619 budgets pending submission.
• $306K total entitlements; no FY26 drawdowns yet (as of August).
• Cash & Liquidity:
• $5.9M cash on hand as of August 2025.
• Forecast to end FY26 with 375 days’ cash on hand, a strong liquidity position.

Resurgence Hall Middle Academy: FY26 July & August Financials

• Forecast Update:
• Adjusted forecast: $388K current, down slightly from $440K prior.
• Drivers: new curriculum purchases and updated QBE allotment based on midyear enrollment revision.
• State Revenue:
• Enrollment: 280 scholars (↑ from 277).
• Total projected state funding: $4.04M (aligned with board budget).
• Grants:
• Title I, II, IV, and IDEA budgets pending submission; $184K total entitlements.
• RHMA will receive a midyear allotment revision due to growth.
• Cash & Liquidity:
• $2.8M cash on hand at end of August.
• Projected to finish FY26 with 249 days’ cash on hand — healthy for a growing campus.

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.

• Enrollment monitoring continues across all K–8 grades for accuracy and funding alignment.
• Georgia law (SB 48 / HB 538) requires annual universal dyslexia screening for K–3 students.
• RH uses Amira Learning, a free, state-approved tool for early literacy screening.
• Screenings occur three times per year with required parent notification and follow-up support.
• Aligns with state law and reinforces RH’s long-standing early literacy practices.
• WIDA Screener identifies English Learners (ELs) in grades 1–12 statewide.
• Administered within 30 days of school start (or 10 days of new enrollment).
• Ensures federal/state compliance and equitable learning access for multilingual students.

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.

• 100% of Conflicts of Interests Submitted

Adjourn

The Meeting was Adjourned

The meeting adjourned at approximately 7:17PM