06-30-2011 Special School Board Meeting
Agenda Item #13


Title
Notification of Intention to Terminate Palm Bay Municipal Charter High School Charter Contract

Discussion

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.



Recommendation
Recommend that the Board provide Palm Bay Municipal Charter High School the attached notice of intention to terminate the charter contract.

Meeting Date(s)
Consent w/o Information - 6/30/2011

Authority for Action
1002.33, F.S.

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
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Program

Contact

Vicki Mace, Director of School Choice

Ext. 395




Attachment:  Palm Bay Charter High School Official Letter.pdf