Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CSRC accepts annual financial scorecard; auditors report mostly positive results across charter schools
Summary
The Charter School Review Committee accepted the annual financial scorecard and audit reviews from ML Tharpe and Associates, which found most city charter schools in generally sound financial condition but flagged isolated reporting and internal-control issues.
The Charter School Review Committee accepted the annual financial scorecard and audit reviews prepared by ML Tharpe and Associates that cover financial audits and compliance for the City of Milwaukee’s charter schools.
ML Tharpe’s presenter walked the committee through audit highlights school-by-school. Key findings included generally improved charter revenues across many schools, timely completion of most audits, and overall solid cash positions, with specific items to monitor such as the expiration of ESSER funding and isolated internal-control or reporting weaknesses at some schools.
Selected findings summarized in the presentation:
- Downtown Montessori Academy: Reported a $16,000 gain for 2024 after a larger prior-year deficit. Yearly revenue was about $3.34 million; year-end cash…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
