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Clayton County board debate centers on Convocation Center lease and foundation finances
Summary
At a Jan. 10 board retreat, Clayton County Public Schools and its foundation clashed over funding and oversight for the district's new Convocation/Communication Center. The foundation and a proposed operator presented projections showing a year-one shortfall; some board members demanded audited accounts before long-term commitments.
Clayton County Public Schools board members pressed foundation leaders and a prospective operator on Friday over how the district will finance and govern a new Convocation/Communication Center, with the meeting ending in a motion to approve the lease only after changes and additional financial assurances are made.
The debate unfolded at a Jan. 10 board retreat when the foundation's volunteer chair told the board the foundation holds roughly $2.4 million in assets and about $1 million in cash on hand but will need additional capital to stand up operations. "Out of the 2.4 million, the million is what is, call it unrestricted that we can leverage towards this," the foundation chair said. The chair estimated that at least several months' worth of operating cash would be required up front and suggested a line of credit or BOE-backed funding to bridge startup expenses.
Board members repeatedly asked for more financial detail and oversight. "I have asked for…
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