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Board attends to final financial details before handing the reins to FirstLine

Revenues from Jazz Fest parking more than doubled this year, directors of Langston Hughes Academy learned at their May board meeting.

The school made almost as much on the first weekend ($17,390) as it made on both weekends last year ($19,000), and the second weekend pulled in a hefty $27,893 for a grand total of $45,283.

On July 1, the academy’s board, NOLA 180 Inc., yields to the FirstLine charter management group as it takes charge. Looking toward the turnover, NOLA 180 member Paul Pechon said accounts receivable will total $0 by June 30.  Both parties agree the surplus money should be rolled over to FirstLine but the board has not received guidance from the state on the proper procedure for doing so. Pechon will be the point person on the “rollover checklist”, as most of the issues involve finances.

Member D’Juan Hernandez wanted to ensure that there will be a specific date after which the board no longer carries any obligations or liability, and the board embraced the idea as a priority.

In addition to Pechon and Hernandez, members Dow Edwards and Kristina Kent, were present. Jay Altman was present from FirstLine.

The meeting began at 6:15 p.m. and adjourned at 6:41 p.m.   The final meeting of the board will be June 18.

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