Agenda Item #13
Notification of Intention to Terminate Palm Bay Municipal Charter High School Charter Contract
The Superintendent recommends giving Palm Bay Municipal Charter High School a ninety (90) day notice of the School Board's intention to terminate the charter contract for the reasons cited in the attached proposed notice.
Pursuant to s. 1002.33(8), F.S., a charter school contract may be terminated by the Sponsor for failure to meet generally accepted standards of fiscal management.
According to a financial audit by RSM McGladrey dated June 1, 2011, the high school is trending a potential $70,900 deficiency of revenues under expenditures for the 2010-2011 school year.
Additionally, the School Board of Brevard County is taking action to give ninety (90) day notice to terminate the Palm Bay Community Charter - Patriot Campus charter contract. Palm Bay Municipal Charter High School shares the same facility, administration, and other resources with the City's K-8 charter school, Palm Bay Community Charter - Patriot Campus, which meets criteria for a state of "financial emergency." It stands to reason that the high school will not be able to sustain operation under these circumstances, particularly since the School is not projected to end the current fiscal year with a positive fund balance.
Recommend that the Board provide Palm Bay Municipal Charter High School the attached notice of intention to terminate the charter contract.
Consent w/o Information - 6/30/2011
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Vicki Mace, Director of School Choice
Attachment: Palm Bay Charter High School Official Letter.pdf