Twelve studies find that overall gains in charter schools are larger than other public schools; four find charter schools’ gains higher in certain significant categories of schools; six find comparable gains; and, four find that charter schools’ overall gains lagged behind traditional schools.
Source: Charter School Achievement: What We Know, July 2005 Update
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Download: 
http://www.nationalcharterschools.org/uploads/pdf/resource_20060503143200_Lets%20Do%20The%20Numbers.pdf
The Executive Director of the National Charter Schools Institute offers an examination of seven practices designed to help a charter school accomplish sound fiscal management. These include: establishing internal controls (through policy); monitoring compliance with fiscal policies; developing financial reporting interpretation skills; developing accurate budgets; recognizing red flags; minimizing risk; and hiring an independent auditor. He recommends that every board should understand is that it is ultimately responsible for the school’s finances. Even in schools where the board has contracted the management of the school, the board is still ultimately responsible for the school’s finances.
Date: 2006
Source: National Charter Schools Institute
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