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Charter school money records criticized

Schools with problems called threat to others

By Katie Byard Beacon Journal staff writer

Charter schools with poor financial records are undermining the good job that other schools are doing, state Auditor Mary Taylor told about 75 charter school officials at the University of Akron on Monday.

''Three quarters of the community schools that we audited (in 2005), we found had no significant problems with their audit,'' she said.

Those schools with problems ''threaten the success of each and every one of you in this room,'' said Taylor, a charter school supporter.

Schools that ''are not accountable for their money, those that can't be audited certainly add an additional criticism'' for charter school opponents, she said in an interview after the gathering.

The meeting was one of four regional training sessions that Taylor's staff has organized for charter schools public schools that are in many cases run by private interests. Ohio has more than 300 charter schools.

Taylor last month released a list of about two dozen charter schools that are unauditable. This means their records are in such poor condition that an audit can not be completed.

The two-year budget, which took effect July 1, includes a provision that requires the Ohio Department of Education to halt state aid to charter schools with unauditable records.

The funding will stop if a school doesn't show progress toward bringing records into an auditable condition in 90 days, Taylor said.

 

The new law won't immediately affect the charters on the list released last month, however, because the schools were deemed unauditable before the law took effect.

The two area charter schools on the list are Ida B. Wells Community Academy and Lighthouse Educational Development Corp. Both schools are in Akron. Six of the unauditable schools are in Cuyahoga County.

Ida B. Wells' educational leader, Kofi Khemet, said Monday the state's list is out of date. He said the school submitted required financial information to the state and the school's sponsor in June.

Attendance was voluntary at Taylor's training session. Khemet said officials from his school were not there because they were busy moving the school to 815 Copley Road, Akron.

Lighthouse board chairman Joseph White said Monday his charter school has also resolved its audit issues.

Taylor said that her office worked with charter supporter Ohio House Speaker Jon Husted, R-Kettering to create the new provision.

Supporters of charter schools should approve of the reform, she said, because ''one of of the ways they (charter schools) can succeed is to be financially accountable.''

Taylor said, ''I say if you are a critic of charter schools, you should support the provision because obviously it's cutting off the bad schools.''

Taylor said ''you have people who are good innovative educators . . . but they don't have the added expertise of the business planning, financial forecasting, budgeting . . . ''


Katie Byard can be reached at 330-996-3781 or kbyard@thebeaconjournal.com.

 

Charter schools with poor financial records are undermining the good job that other schools are doing, state Auditor Mary Taylor told about 75 charter school officials at the University of Akron on Monday.

Get the full article here.


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