Solutions that don’t break the bank, reinvent the wheel or marginalize our teachers are within our grasp. We could have rigorous classes, safe and disciplined schools and treat teachers like valued colleagues rather than easily replaceable cogs, and we could do so tomorrow if we wanted. Disclaimer, this is an opinion and commentary site and should not be confused as a news site, and you should know that quite often people may disagree with the opinions posted herein.
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Monday, August 12, 2013
58 Florida Charter Schools run a deficit!
From the Tampa Times by Jeff Solochek
A growing number of Florida charter schools had operating deficits at the end of fiscal 2012, compared to a year earlier, according to a newly released report from the Florida Auditor General.
The report states that 58 charter schools, or 12 percent, had a general fund deficit at the end of the fiscal year, up from 25, or 6 percent, at the end of fiscal 2011. The list included two schools in Hillsborough -- Brooks DeBartolo Collegiate and Mt. Pleasant Standard -- and three in Pinellas -- Newpoint, Pinellas Primary Academy and Plato Academy Seminole.
The document also indicated that 25 charter schools had significant material weaknesses in their financial controls, including concerns over accuracy of financial statements, separations of duties, and qualifications of personnel assigned to financial work. Three of the charter schools where material weaknesses were found are part of the McKeel charter system, associated with state House appropriations chairman Seth McKeel of Lakeland.
The Auditor General recommends the Legislature consider heightened reporting requirements for charter schools facing deteriorating or troubled financial conditions.