Employees of Capitol High Academy who didn’t get a paycheck on Friday as planned should get all the money they are owed for July by later this week, the president of the school’s board of directors announced Tuesday morning.

Winston Decuir Jr., president of the 100 Black Men Charter School Initiative, said the holdup in paying employees was cleared Monday. He said the school’s auditor, Sean Bruno, submitted the school’s 2009-2010 annual audit over the weekend, state Legislative Auditor’s accepted the audit Monday morning and the state Department of Education called Decuir Monday afternoon saying the charter school group would soon get $439,000.

At 11 a.m. Tuesday, Decuir said the school’s bank had yet to receive the money. When the money is deposited, Decuir promised that the school would start processing payroll checks, both the missed one from Friday, and a second one that would ordinarily go out July 29, and contact the school’s 30 employees to let them know.

“We hope to have checks out by Thursday or Friday,” he said.

Decuir has said the root of the problem is that for-profit EdisonLearning, which ran the school on behalf of the charter school group, until February has failed to provide Bruno with documentation for many of its expenses. He said the audit could not be completed because of the lack of documentation.

By law, the state Department of Education quit processing reimbursement requests that the charter school would have otherwise received by now, Decuir said. Decuir said the school now plans to seek reimbursement for another $400,000 worth of expenses and hopes to clear most of its debts within 30 to 60 days.

In May, the 100 Black Men Charter School Initiative returned its charter to the state and that charter ended June 30. The state-run Recovery School District, or RSD, is planning to operate the small high school when it reopens next month.