Failed Charter School Defrauded the State of NC for $300,000
An audit following the closure of yet another charter school has found that Kinston Charter Academy received $300,000 in additional taxpayer money by overstating the number of students expected to enroll. The audit also found that the CEO and his wife received more then $11,000 in vacation leave, while teachers and staff often missed scheduled salary payments.
From WUNC's article,
A failed charter school in Lenoir County mismanaged hundreds of thousands of dollars, according to the state auditor’s office.
Kinston Charter Academy received more than $600,000 of state money two months before it closed, even though it had received several citations for fiscal mismanagement over the years.
The audit says the funds were inappropriately used to cover expenses from the previous year, instead of going toward other public schools that students transferred to after Kinston closed.According to the audit, Kinston Charter Academy received at least $300,000 more dollars than it should have from taxpayer funds.
The NC Department of Public Instruction asked the state to conduct the audit, arguing the department should be given more authority to take action with charter schools before they are overwhelmed with financial troubles.
According to the audit, Kinston Charter Academy overstated how many students were expected to enroll, allowing the school to receive at least $300,000 more dollars than it should have from taxpayer funds.
The audit also shows that the school employed unqualified relatives of the CEO, including his wife and daughter, who did not have any experience in education or administration. It further notes that the CEO and his wife received more than $11,000 in vacation leave even though teachers and staff often missed their salary payments.