The school’s financial records are clean and there’s money in the bank, but administrators need to keep an eye on test scores.

That was the gist of an audit presented to the board of McDonogh City Park Academy Tuesday night by Don Wheat, a certified public accountant with Carr, Riggs and Ingram.

In other business, board member Mary Kay Parker told her colleagues she is working with a Tulane graduate student from Education Pioneers to develop projections comparing participation in the Teachers’ Retirement System of Louisiana with private 403(b) retirement accounts for each faculty member.

At a cost to the board between $1,500 and $2,500, the projections will allow employees to evaluate the benefits and disadvantages of each program. The board has until March to make a decision on which retirement plan to offer.

As part of a continuing search for an administrative affiliation, board members have met recently with several charter school management organizations: Crescent City Schools, ReNEW Schools, New Orleans College Prep, and the Horizons School. A meeting with representatives of the Choice Foundation is scheduled.

The next meeting board meeting will be Tuesday, Jan. 21.