Showing posts with label Debt: $600K. Show all posts
Showing posts with label Debt: $600K. Show all posts

Derrick Thomas Academy





Derrick Thomas Academy has lost its charter.

The University of Missouri at Kansas City announced it is pulling its charter because of the school's poor academic performance over the past decade.

UMKC officials said classes will resume without interruption on Monday.

"Hopefully parents and students will notice no change when they arrive at school on Monday," said Phyllis Chase, director of the UMKC Charter School Center. "After reviewing their data, the decision has been made that we will not renew their charter again."

UMKC says the charter school has struggled with governance, organizational and academic performance issues since it first opened its doors...

The school is not necessarily closing at the end of the school year, but the university will no longer work with the school.

Chase said UMKC has been patient, perhaps too patient, with issues at the school. She said yanking the charter was a tough decision...

Several teachers at Derrick Thomas Academy say they were excited about the board change and direction of the school. Some parents said there have been problems at the school all year long...

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“Will low test scores, shaky financial situation spell the end for Derrick Thomas Academy?” KHSB (MO), 7/16/2012
KANSAS CITY, Mo. - A new Missouri law requiring more accountability from charter schools takes effect in August, but is it already too late for a school bearing the name of one of Kansas City’s most beloved athletes?

A 41 Action News investigation found that low academic scores and poorly-managed money have created an uncertain future for Derrick Thomas Academy.

Because of large staff turnover, the charter school has been working to hire teachers and administrators over the summer, but remains unsure if the upcoming school year will be its last...

But the school built in number 58’s honor is on shaky ground, an uncertain future all captured in a letter obtained by 41 Action News.

Carolina International School

A handful of parents have contacted the N.C. State Board of Education concerning the leadership of Carolina International School, which survived an embezzlement case in 2008 that nearly forced it to close.

About a dozen parents question how the current principal and assistant principal were hired for Cabarrus County's only charter school and how board of director meetings are run and documented under North Carolina's open records law. The group wants to start a dialogue with board members in hope to expand the school's board of directors and help prevent future problems…

At the Feb. 10 meeting, the board voted to increase payments to the N.C. Department of Revenue to pay off tax liabilities stemming from the embezzlement. The school will have federal and state debt paid off by June 30, he said, and the financial change could make it easier to attract board members, said Elliott.

The total debt from litigation fees, back taxes and interest from the 2008 embezzlement case reached upwards of $600,000, and the board of directors could legally have been bound to pay that debt had funds not been raised, said Elliott…

A group of about a dozen parents examined board minutes from the summer of 2010 that document the school's hiring of the principal and assistant principal. Elliott is documented as seconding his own vote to go into a closed session. Board member and science teacher Megan McNutt, who was marked absent for the July meeting, is documented as seconding Sam Leder's vote to go into a closed session. Neither of these items have been updated or amended on current meeting minutes found on the school website as of Feb. 18.

Concord attorney Sue Schneider's daughter is a sixth-grader at CIS. She wants the state to get involved to ensure the board and the principal are adhering to school bylaws, which include running meetings using "Robert's Rule of Order, Revised," an updated version of parliamentary procedure that dates back 200 years.

She about 10 other parents are asking the state to better police the charter school's meeting activity and help fully disclose the search process for finding potential principal and assistant principal candidates during the "relatively short" hiring process…

The school had faced struggles after Sandra Vielbaum, the school's former finance officer, in 2008 was charged and later convicted of embezzling $195,000, leaving the school in financial straits. The school was in danger of closing, as it faced a deficit of $400,000, but school leaders secured $380,000, with help from parents and loans, which allowed the school to remain open…