BridgePrep St. Cloud financial recovery
Osceola County School DistrictFlorida- Detected
- Jul 22, 2026
- 107 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
BridgePrep Academy of St. Cloud received a recommendation for a 5‑year charter renewal in 2025, but the district flagged serious financial weaknesses, including a negative fund balance of about $399,882 and unreliable 2025 financial statements. SMART Management presented a comprehensive financial recovery plan and a Recoverable Grant Agreement that must be executed and acknowledged by the auditor to restore a positive fund balance. Finance, audit, and charter-management consultants can assist with long-term financial planning, internal controls, enrollment/revenue strategy, and compliance reporting as the school is monitored going forward.
Charter renewal approval is contingent on executing the Recoverable Grant Agreement and auditor confirmation that it will eliminate outstanding liabilities and create a positive fund balance; financial performance will be closely monitored through at least early years of the 5‑year term.
From the meeting
- Meeting date
- July 22, 2026
- Agency
- Osceola County School District
Questions about this project
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When will Osceola County School District issue an RFP for this project?
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