Conor Monahan

Recent posts

Singleton Charter School presents slight decrease in 2012-2013 budget

James M. Singleton Charter School Finance Committee Chair, Ed Shanklin, opened the June 12 public budget hearing at 5:06 PM in front of a small crowd in the school’s multipurpose room. The purpose of the meeting was to publicly announce next year’s budget and to allow for public comment.

Administrative costs back in line with state regs; enrollment holding strong

Reporting to the school’s board of directors at their monthly meeting, May 15,  chief financial officer Catrina Reed said James M. Singleton Charter next year will be in compliance with state rules that limit administrative costs to 30 percent of the budget. The state Department of Education had notified the school last year that it was failing to meet the state requirement that 70 percent of the budget be spent on instruction, Reed said Singleton currently is spending 72.9 percent of its state funding on instruction.

Finances in surplus despite enrollment uncertainties at some schools

Budget projections have held up and each of the five schools in the expanding FirstLine  network are operating with a surplus of roughly $30,000, finance committee chairman Stephen Rosenthal told fellow board members at their monthly meeting, April 24. The strong balances have been realized despite unpredictable drops in attendance and related revenue, especially at Joseph S. Clark Prep. The back ink shows that the corporation as a whole can support itself within the current model, Rosenthal noted.

School looks to profit from Fest parking; smooth start to revamped application process

Five members of the Langston Hughes Academy board gathered on April 24 but in the absence of several members, including finance committee member Paul Pechon, did not formally convene a monthly meeting. The school’s chief financial officer, Adrian Morgan, delivered a brief management report highlighting positive early returns from the first phase of the centralized application process – OneApp – newly inaugurated by the Recovery School District.