Collegiate Academies of New Orleans, the board that runs Sci Academy, met on Dec. 14 to review an audit, discuss options for a future campus, and approve a name change.
“You’ve got a nice reserve going into the next year, you’re healthier than other charter schools,” auditors from the Carr, Riggs & Ingram accounting firm told the board, calling its financial documents “reliable, well reported and complete.”
The board’s certified public accountant does monthly audits, but the Carr, Riggs & Ingram report was arranged to provide an outside test of compliance and to analyze budget trends.
The school is forecasting a budget surplus of around $104,000 for the fiscal year.
Collegiate Academies, which currently runs Sci Academy and Collegiate Academy Charter School, was approved by the state to open a third charter school next year.
The board is also negotiating a deal with nearby Methodist Hospital to provide a clinic at the school.
The name change, from New Orleans Charter Science and Math Academy, would help differentiate the school from Uptown’s New Orleans Charter Math and Science High School. It will now be known officially as Sci Academy, the school’s nickname.
The report to the board by school leader Ben Marcovitz showed that 44 percent of seniors have already gained admission to four-year colleges, a number that he expects will rise to 95 percent. .
Colleges and universities that have accepted Sci High students include Louisiana State University, Loyola University, Bard College, Nicholls State University, Emory University, and Amherst College.
In addition to Marcovitz, Vice Principal Rhonda Dale-Hart, two members of the audit team, Jonathan Wilson of Liberty Bank, and a reporter from the Lens attended the meeting.
The board will meet again Jan. 11 at 6 pm.