The lack of a permanent building is costing the school more than $300,000 a year in rent and mortgage payments, board member says.
Rental income on auditorium is running about $8,000 to $9,000, but the expenses are projected to be $15,000 to $20,000, school leader says.
We're posting all of the New Orleans charter schools' budgets on DocumentCloud as we get them.
The board is expected to vote on the proposal Saturday.
The lone in-person interviewee for the school’s CEO position sent an email to board members late Monday about her decision.
Also, senior Geremy Williams won a car for his perfect attendance record.
Board chairman Allen Square said an RSD official told him that a new school opening in the fall could use the projected $189,000.
The board plans to adopt the proposed budget at a meeting on June 25 at 6 p.m.
The board voted unanimously to use the school’s $300,000 line of credit to cover the deficit, which one leader attributed to the cost of taking over Joseph A. Craig Elementary.
The budget meeting will be held at 5:30 p.m. at the school.