You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Schools

  • Parents urged to apply for textbook aid
    Fort Wayne Community Schools officials are urging all parents to fill out their free textbook applications, which are lagging behind this year.
  • Pence won't reconsider seeking US preschool grant
    INDIANAPOLIS - Education advocates pressured GOP Gov. Mike Pence on Tuesday to reconsider seeking a federal preschool grant, but the governor rejected calls to apply for up to $80 million in funding.
  • How will pre-K be financed?
    Allen County officials say they are waiting to see where future funding will come from for statewide prekindergarten now that Gov. Mike Pence has withdrawn an application for $80 million in federal funds.
Advertisement

Marshall charter ends 1st year with surplus

– Thurgood Marshall Leadership Academy will close its inaugural year with excess cash and expects a budget surplus for next year.

In a special meeting Thursday, the charter school’s board approved a $1.3 million budget for the upcoming school year.

This year, board member Will Clark reported that the delay of a loan could have a negative effect on the budget. Board member Jonathan Ray said Thursday that start-up costs were carried through the year and some projected expenses were incorrect, resulting in a positive year-end budget for the school. At the end of May, the school’s budget recorded an excess of about $191,000.

The $1.3 million budget for the 2013-14 school year is based on a projected enrollment of 130 students.

Wages, stipends and bonuses for the school staff total $512,000. The school also budgeted about $106,000 for its building and grounds maintenance. It will also buy iPads for student use for $55,000.

The school will also pay fees to its management company and authorizer: $62,000 to American Quality Schools and $19,000 to the Indiana Charter School Board, the school’s authorizer.

At the end of this school year, the school had fewer than 100 students after enrolling about 130 for count day in September.

Count day is the day on which the state counts the number of students in schools as the basis for per-student tuition payments throughout the year.

With the school’s projected enrollment of 130 students, the budget doesn’t allow the school to hire a music or art teacher, Tiffani Cooper, accountant with American Quality Schools, told board members by phone Thursday.

Board member Sheila Moore suggested the school look into reducing the number of teacher aides it employs in order to hire a part-time art or music teacher for the school.

sarah.janssen@jg.net

Advertisement