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Oakland Avenue Charter School receives clean audit, one significant deficiency noted
Summary
Independent auditors issued an unmodified opinion on Oakland Avenue Charter School’s FY2025 financials but flagged one significant deficiency in segregation of duties; school posted a $151,000 favorable net variance despite a $93,000 expenditure overrun.
Pervis Gray auditors told the Town of Oakland Commission on Oct. 14 that Oakland Avenue Charter School’s fiscal year ending June 30, 2025 financial statements received an unmodified (clean) opinion.
Tiffany Mangold, audit partner with Pervis Gray, said auditors found no material weaknesses but identified one significant deficiency related to segregation of duties — a common finding for small operations…
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