This item was removed from the Agenda on March 16, 2026.

There was no public comment. 

Lynne Aldridge will retire at the end of the 2025-2026 SY. Marcus Singletary has resigned effective the end of the 2025-2026 SY.

School Administration is recommending the hiring of the following personnel for teaching positions at SCCA for the 2026-2027 SY: Jaycie Taunton, Lacia Sadler, Tanyah Blevins, Malori Glover, Melinda Dustin. 

Kylie is excited to share the Spring 2026 MAP scores with the Board. Data shows an overall pattern of growth in all content areas. Data is projecting we will meet our Milestones goals in most areas. 

SCCA is on track to meet on the Operational CPF for the 2025-2026 SY with a projected score of 100. 

Kylie updated the Board on enrollment numbers for the 2026-2027 SY. 

This is the final presentation of the FY27 General Operating Budget. Based on total revenues of $8,195,458 with an increase in State Health premiums and a .5% increase in the MOU with Pataula there is a projected surplus of $83,476. 

There was no oral or written public comment on Spring Creek's proposed FY27 General Operating Budget. 

The Finance Committee has approved Spring Creek's FY27 General Operating Budget and is now requesting full Board approval. 

This item was tabled.

Due to timing constraints, and in accordance with our policies for emergency situations, Cheryl Weathersby obtained a short-term construction loan to cover construction costs until bond closing. Following this action, the Finance Committee reviewed and approved the loan and is now requesting full Board ratification.

The loan is guaranteed by Spring Creek’s certificate of deposit (CD). The bank has extended a line of credit equal to the full value of the CD—$1,044,000—at an interest rate of 5.25%.

In accordance with our emergency situation policy, Grayson Flowers signed the loan application.

The Finance Committee has approved and is now requesting full Board approval to add retention bonuses for all staff members to the Spring Creek AFY26 General Operating Budget. The cost for all staff members to receive a bonus of 2.5% of their gross salary is approximately $84,100, leaving a surplus of approximately $15,000.

Bond Closing on the new construction project is set for April 23, 2026 and the Finance Committee is requesting approval to reinvest various proceeds from the bond. Kevin King, Owners Rep and Tom Draffin, Project Manager for the new construction project were available to give
a financing update to the Board and present their recommendations for reinvestment
opportunities. The final pricing number for the new construction is $37,478,788 issued
with a 7.189% interest rate.

It is recommended that the Board enter a Guaranteed Investment Contract with Causey
Public Finance for approximately $28,000,000 of the bond proceeds and approximately $2,000,000 with Morgan Stanley through Regions Bank (bond trustee) with an interest rate of 3.57% with draw down availability as needed.

The major construction update was addressed in the Financing update from Tom Draffin and Kevin King. Construction will pause Wednesday and Thursday for Title and Bond Closing. The Groundbreaking Ceremony is set for April 27, 2026 at 10:00.