Abstract: This California state audit of Options for Youth and Opportunities for Learning, a chain of charter schools that serve approximately 15,000 students, finds widespread accounting problems and conflicts of interest. The audit, initiated in conjunction with superintendents of several county offices of education, found that due to noncompliance with state laws, the OFL/OFY schools over-claimed more than $57 million than the schools were entitled to in state funding over a period of three years (2002-05). The audit also revealed excessive compensation for the founders of the charter schools, mixing of businesses that are privately owned with public schools that are controlled by the same individuals, and instances of nepotism. The report recommends that the California Department of Education try to recover the overpayments.
Resource Type: Case Studies/Evaluations Resource Format: PDF File Target Audience: Policy Makers, Researchers Resource Topic: Budget & Finance, Accountability, Ed Management Orgs & Service Providers
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