Financial advisors are still hammering out an exact figure, but McIntosh says Pencader needs anywhere between $200,000 and $300,000 to cover salaries and school closing costs. However, the letter reads education leaders told Pencader's board there was no money available.
Listen to BOD President Frank McIntosh here: http://www.newsworks.org/components/com_flexicontent/uploads/mcintosh.mp3 He asserts:
- DOE approved Frank's budget knowing that the school did not have the funds to pay teachers if the state closed the school and Passes the school for finance on Formal Review.
- BOD "let it go" since there was nothing they could do with it.
- Head of School met with DOE on monthly basis but "no one said you have to do anything about it."
- New board was concerned but "there nothing that could be cut out" and "made a decision not to worry about it. Hope we wouldn't be shut-down."
- Looking for DOE to make available a couple hundred thousand. "It's not even a rounding error in the state budget."
- "There's always money if you really want to find it."
- The students have to finish out even if Pencader closes early. Pencader already talking to Colonial.
- "Costs are going to have to be born by someone."
0 comments:
Post a Comment
Word Verification May Be Case Sensitive