School board special session to decide fate of Global Academy

Tuesday, June 29, 2010 at 6:23pm
Global-Academy.jpg

After accruing significant financial debt, and showing no signs of rectifying the situation, the fate of a troubled Nashville charter school will be decided Thursday by the school board.

In an email sent to school board members Monday evening, Alan Coverstone, who oversees charter schools for Metro Nashville Public Schools, called for a special school board meeting on Thursday to consider the future of Nashville Global Academy, a one-year-old, kindergarten- third-grade charter in Whites Creek that has experienced turbulence from the outset.

Days after Nashville Global Academy opened last year, a busing and transportation fiasco left Metro school administrators placing the school on probation in August.

Now the charter school has accumulated $149,000 in debt, money that it owes the school district. Coverstone and others had been tracking the financial mismanagement of the school since April.

“As our investigation continues, it is increasingly apparent that the school has mismanaged funds, failed to maintain required records, and failed to pay its debts to its teachers,” Coverstone said in the email. “The school is facing debt to MNPS totaling several hundred thousand dollars related to money owed on actual attendance, unpaid employee benefit bills, and food service and fuel charges not paid.”

A week ago, Coverstone asked Nashville Global Academy’s board of directors to relinquish its charter by June 30 or fix the financial problem.

“We have passed the point of confidence that the Global Academy board has the capability or the intention of voluntarily relinquishing its charter,” Coverstone said.

Shutting down the school would leave 155 students looking for a new school. Coverstone has said parents of affected students would be contacted immediately and would be given their new school options during the week of July 6. They would have until July 31 to make a decision.

2 Comments on this post:

By: budlight on 6/30/10 at 7:04

Now the charter school has accumulated $149,000 in debt, money that it owes the school district. Coverstone and others had been tracking the financial mismanagement of the school since April.

Well, can't 'cha, can't 'cha, can't 'cha JUST bail it out? Isn't that the way Obama would do it? Debts? What are those? Responsibility? What is that? I mean, what are they teaching the students? Anyway? Bail 'em out.

Sure! Where did the money go? The article didn't mention that critical part.

By: artsmart on 6/30/10 at 7:05

Talk about the blind leading the blind. Metro schools counldn't keep track of how Federal funds are spent and a start up charter school that couldn't school that couldn't follow the rules from the start have a problem. Who would have ever thought. Why did it take until April to start checking on the money? What is Alan Coverstone's job again?