Employees of Capitol High Academy who did not get a paycheck Friday should get the money they’re owed for July by late this week, the president of the school’s board of directors announced Tuesday.

Winston Decuir Jr., president of the 100 Black Men Charter School Initiative, said the problem they’ve had in paying employees was cleared up Monday.

Sean Bruno, the school’s auditor, submitted the school’s 2009-2010 annual audit over the weekend and the state Legislative Auditor’s Office accepted the report Monday. As a result, the state Department of Education called Decuir on Monday afternoon, saying the charter school group would soon get $439,000.

However, by 5 p.m. Tuesday, Decuir said, the school’s bank had not received the money.

When the money is deposited, Decuir said, the school will start processing payroll checks — both the missed checks from Friday and the second ones that would ordinarily go out July 29.

He said the school’s 30 employees will be contacted.

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

Decuir has said the root of the problem was the for-profit EdisonLearning, which ran the school on behalf of the charter school group until February, failed to provide Bruno with documentation for many of its expenses, which meant 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.

The school now plans to seek reimbursement for another $400,000 in expenses and, Decuir said, he 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 is planning to operate the small high school when it reopens next month.