The Transylvania Times -

BA Receives Goods News On Report Card - Pisgah Forest, NC


December 18, 2017

Wednesday evening The Brevard Academy; A Challenge Foundation Academy Board of Directors received good news regarding the school’s audit and school report card for last year.

“We gave you a clean opinion. Everything was good,” said C. Briggs Petway Jr. of Petway, Mills & Pearson regarding the audit.

He said auditors do not look at all of the financial transactions, but simply review a small sample of financial transactions and their documentation to make sure they are in compliance with state regulations.

“Your job is to ride herd, and I’m sure you do,” said Petway of the board’s financial oversight responsibilities.

While the school received a clean audit, he cautioned the board about two potential concerns. He said the school only has $458,000 cash on hand, and that is not much when operating a school.

He noted that it cost $3,094,000 to run the school last year, but its revenues were only $2.9 million. He said, however, he understood that the school ran a deficit last year because it was moving into its own building on a new campus.

Later in the meeting Vice Chair and Treasurer Nick Iosue said the school is projected to run a surplus this year of $197,000, which would boost the school’s fund balance to more than $650,000.

The other concern Petway noted affects all North Carolina public schools: funding the liability for pensions.

“North Carolina really jacked up the pension liability this year,” said Petway, adding that next year a teacher’s salary could equal their pension liability.

“Public sector pensions are a time bomb waiting to happen,” he said.

School Report Card

School Director Ted Duncan said Brevard Academy received a grade of B on the state school report card.

According to the state, Brevard Academy received a 69 for achievement, 75.4 for growth and 70 for school performance. The school’s end-of-grade reading score was a 76 and the end-of-grade math score was a 59. The state performance grading scale is 85-100 for an A, 70-84 for a B, 55-69 for a C, 40-54 for a D, and below 40 is an F.

Duncan said the scores are comprised 80 percent on achievement and 20 percent on growth. The school met its growth status.

Duncan said Brevard Academy’s middle school received a grade of B while Brevard and Rosman middle schools received a grade of C. When board member Coty Ferguson asked what could be done to improve the school’s grade to an A, Duncan said they could improve the math scores. He said several intervention efforts have been put in place to help students who are having difficulty with math.

Other News

•Iosue reported that the process to obtain a loan from the USDA is still ongoing. He said feasibility studies, such as financial, environmental and architectural ones, still have to be completed and turned in to the USDA. The school originally signed a loan with Challenge Foundation Properties.

•The board approved: $1,600 for a one month trial with a cleaning company out of Charlotte; $1,500 for advertising in three area newspapers; $1,000 for a holiday party for staff; and $3,000 to mail recruitment postcards to zip codes targeted by TeamCFA.

•Ali Lien and Kiersten Wilber of Mountain Roots discussed the outdoor education classes and opportunities they provide to Brevard Academy. This is the third year Mountain Roots has been running the school’s outdoor education program. The program is split into environmental education and TLC – teams, leadership and character.

•Fifth graders Brewer Nitcher and Addison Shober tied for third place and Matthew Blomquist received honorable mention in the Transylvania County Soil and Water Conservation Poster Contest.

•Open House will be held Thursday, Jan. 11, from 5:30-6:30 p.m. and Thursday, March 8, from 5:30-6:30 p.m.


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