Suncoast Charter start-up funding
Suncoast Preparatory Academy DistrictCalifornia- Detected
- Jul 3, 2026
- 123 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
The board authorized an internal interfund advance of up to $5,000,000 to cover transition, start-up, operating, payroll, vendor, insurance, and other costs for launching Suncoast Charter School on July 1, 2026. Suncoast Preparatory Academy closes June 30, 2026, and may not receive new-program revenues until as late as January 2027, so this is a cash-flow bridge. This signals a funded start-up phase where the Executive Director can commit resources for facilities, staffing, technology, curriculum, and services needed to open and stabilize the new charter.
Board will hire a Certified Public Accountant for a final audit of the closing program; management must provide periodic updates on use and repayment of the advance.
From the meeting
- Meeting date
- July 3, 2026
- Agency
- Suncoast Preparatory Academy District
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