Showing posts with label Debt: $300K. Show all posts
Showing posts with label Debt: $300K. Show all posts

Capital Preparatory Charter High School


Capital Preparatory Charter High School has surrendered its charter and is under investigation for financial mismanagement and a range of violations by the New Jersey State Police, a state Department of Education spokesman said yesterday.

The Grand Street school had been placed on two consecutive 90-day probationary periods before it gave up its charter May 2. It will close at the end of the school year. Because Capital Prep chose to surrender its charter rather than have it revoked, it cannot appeal, DOE spokesman Alan Guenther said.

In addition to the financial problems, visits to the 329-student school by DOE staff “revealed a weak educational program, lacking in rigor and not meeting the goals set forth in the school’s charter,” Guenther said...

The DOE’s Office of Fiscal Accountability and Compliance (OFAC) had found problems including a $300,000 deficit, improper expenditure of funds, severe cash-flow problems, and violation of state travel policies, Guenther said.

The agency also found Capital Prep lacked a certified school business administrator and committed “gross mismanagement of public funds,” including bid violations, payments without adequate documentation, overpayment to consultants and employees being paid as vendors, Guenther said.

The investigation was spurred by an audit revealing the deficit, said Carly Bolger, director of the DOE’s Office of Charter Schools. Charter schools must have a balanced budget.

Bolger said the school violated travel policies last year and this year by spending $46,000 to stay at The Chelsea Hotel in Atlantic City for several meetings and retreats without obtaining a waiver from the DOE...

Fort Snelling Academy


NEW CHARTER SCHOOL AT FORT SNELLING LOSING KIDS, CASH; May 15, 2001; Star Tribune (Minneapolis, MN)
A charter school at Fort Snelling will end the school year early because of financial trouble.

Classes at Fort Snelling Academy will end June 1 instead of June 7 so the school can begin to recoup a $300,000 budget deficit, school officials said Monday. A loss of students and the funding tied to them led to the shortfall.

Fort Snelling Academy opened last fall as a college-prep high school, wooing average students who may not have had college plans but who had the potential for higher education. It opened in September with 264 students and 11 more on a waiting list.

The school has lost about 100 students since opening day. Peter Kordell, chairman of the school's board, said half of those students left because they could not or would not keep up with the rigorous curriculum, and the other half left because the school had a chaotic environment when it first opened.

Fort Snelling Academy received its charter in February 2000 and opened in September without a permanent site or the temporary building at 5000 Bloomington Rd. that it is now using.

For the first month, students were shuffled from one location to another. At one point, they even ate lunch under a large tent…

The school was soon closed.

Children's Conservation Academy

WHEN CHARTERS CLOSE, PUBLIC SCHOOLS FOOT THE BILL; December 4, 2007; Voice of San Diego (CA)
Spending scandals brought down Children's Conservation Academy, a City Heights charter school shuttered in 2007, only two years after it opened. A year earlier, A. Phillip Randolph Leadership Academy dissolved, with questions swirling around its finances. Its closure echoed that of Jola Community Charter School, a girls' charter that sunk two months after opening in 2005.

These schools and two other closed charters owe more than $300,000 to San Diego Unified School District in unpaid fees and property taxes. None have repaid the district. School staff doubts they ever will…

District staffers suspect fraud in the closures of some San Diego charters, most notably Children's Conservation Academy, which closed in August. San Diego Unified claims that CCA spent hundreds of dollars on Padres tickets, cell phone bills and gym memberships, and paid more than $11,000 to executive director Nicole Decatur's mother, a past board president, with little proof of the work she'd performed…

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SAN DIEGO – Just days before students are to return to classes at Children's Conservation Academy in City Heights, the taxpayer-funded charter school is in imminent risk of shutting down amid questions of financial mismanagement and a lack of leadership…

District officials threatened to revoke the school's educational contract, known as a charter, unless the school fixes a long list of management and accounting problems. They say the school owes the district more than $97,000 in fees and for various services…

The district said the school has not properly accounted for tens of thousands of dollars in questionable expenses, including an athletic club membership ($638), restaurant food ($2,219), Starbucks coffee ($143), Padres tickets ($369) and cell phone bills ($1,505)…

According to district documents, the school operated for a year and a half without workers' compensation insurance required by state law, and it lacked proof that all of its employees had undergone checks for criminal background and tuberculosis, posing safety and health hazards to students. Decatur was among the employees who did not have proper clearances, the district said. In a series of letters dating to June 2006, the district expressed concerns about “conflicts of interest” and “self-dealing” on the school's governing board. Decatur's mother, Marina Grant, a past board president, was paid more than $11,000 by the school, “without authorization and without sup porting documentation to reflect the work performed,” according to the district…

Some teachers provided affidavits to the district, documenting many concerns, including lack of textbooks and basic supplies. The school's attorney denied there were insufficient instructional materials.

Decatur laid much of the blame for the school's bungled finances on a past business manager and others' mistakes…