Oasis Charter Academy has gotten a stay of execution.

The charter school, which has been operating in the red for four years, was to have its fate decided at Monday's meeting of the Hesperia Unified School District school board. But the board agreed, in a 4-0 decision (board member Bruce Minton was absent), to put off potentially closing down the school for 30 days, once the results of an audit are in.

The Hesperia Road K-12 charter school teaches 147 students and has nine employees, five of them teachers.

Supporters of the school spoke out on Oasis' behalf at the May 5 school board meeting, but the school has been losing money since 2004, when director Cynthia Ferguson of the newly opened school received a charter school loan.

State law requires charter schools spend 80 percent of their revenue on instructional services, benefits and salaries. And Oasis' small student body meant there wasn't enough revenue left over to fully pay back its debts.

The HUSD, as the chartering district, has a legal responsibility to make sure Oasis operates in a financially sound manner.

Oasis just needs a little more time, according to Ferguson.

"At the end of next year, our negative fund balance will be gone," she said earlier this month. Oasis' student body has grown past the 100-student mark, which Ferguson said is the magic number needed for sufficient revenue to make the school's debt payments.

The next regular meeting of the school board will be held on June 9 at the board's usual meeting place in the Education Support Center, 15576 Main Street.

Beau Yarbrough can be reached at 956-7108 or at beau@hesperiastar.com.