FSA was not closed for poor financial managenent. Over the course of 4 1/2 months, 10 years of their finances were reviewed. Every penny was accounted for, the school had never had a deficit, and they had an emergency fund of $750,000 in the bank. Further, FSA had a BBB Fitch rating prior to its battle for renewal with Fulton County. I can send you the audit if you want the truth and not the slanderous soundbites put out by Fulron County. They employed every scare tactic known to man to distort the truth.
The school was officially not renewed by Fulton County because it would not accept a punitive 3 year charter term and refused to allow Fulton County to take away its Full Flexibilty which was one of the reasons it was so successful.
Basically the school had outperformed every other FC middle school in every measurable for many years and FC wanted to take away what made it successful and get rid of the competition. Read the FC denial reasoning if you want the truth.
Creative Loafing Atlanta
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