Suzanne Wells Council Testimony on 12-5-2024 on Eagle Academy Closing
/Thank you Chairman Mendelson for agreeing to hold today’s hearing on Eagle Academy PublicCharter School, and for allowing interested members of the public the opportunity to testify.Since Eagle Academy closed in August 2024, one important issue has been resolved. TheCouncil initiated a request to reprogram $13.6 million from DCPS capital funds to DGS to pay offthe loan Eagle Academy had on the McGogney school which DC leased to Eagle Academy. Thisallow McGogney to stay in the DCPS inventory with the presumption that it will be used as swing space for upcoming DCPS renovations in Wards 7 and 8.
There should be a full public accounting of the closeout of the finances of Eagle Academy. Atthe August 2024 Public Charter School Board (PCSB) hearing, there were many unansweredquestions about Eagle Academy’s finances. I found it odd in August, and I find it odd today, thatthe key people involved in the financial management of Eagle Academy, i.e., the formerCEO/CFO and the former accounting firm have not been questioned. So little publicinformation is available about Eagle Academy’s finances that it is impossible to know the fullextent of any financial mismanagement. I encourage the Council to request the PCSB provide afull, public accounting of the closeout of Eagle Academy’s finances including 1) loans the school received from the CEO/CFO and whether these loans were legal, 2) all outstanding debts theEagle Academy has, and 3) what happened to the July 2024 UPSFF that was given to Eagle Academy.
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