Two weeks after Concrete Roses STEM Academy suddenly shut down, administrators at the charter school are trying to find a way to get more money to pay teachers for their last days of work.
WBTV, the Observer's news partner, reported earlier this week that school teachers and staff were growing worried that they won't ever see their final paychecks.
Now, an email to faculty and staff at Concrete Roses provided to the Observer lays out a few ways CEO Cedric Stone is hoping to secure the money to pay teachers.
First, some financial background: The school was originally authorized by the state to spend about $479,000 based on how many students were expected to attend. As enrollment dwindled and the school failed to turn in reports of how it spent money over the summer, the state Office of Charter Schools froze Concrete Roses' access to cash.
The school had already spent $285,170, much of it on payroll. But teachers and staff at the school say they had yet to receive paychecks for the last two weeks of classes before the school's funding was cut off.
Stone's email lays out three ways he hopes to get more money to pay them:
- Asking the Office of Charter Schools for permission to use some of the school's allotted money.
- Selling equipment and other assets the school still has.
- Asking Charlotte-Mecklenburg Schools for money based on its enrollment through the first 20 days of class