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Committee accepts annual charter financial scorecard; auditors flag internal-control issues at large schools
Summary
ML Clarks and Associates presented the Charter School Review Committee with school-by-school financial results, including deficits at several schools and audit findings that delayed reports or noted internal-control weaknesses; the committee accepted the annual scorecard and asked staff for follow-up.
The Charter School Review Committee accepted the annual financial scorecard on March 26 after a detailed presentation from Rupesh Gupta of ML Clarks and Associates that summarized fiscal year 2025 results, enrollment trends and audit findings across the city's charter portfolio.
Rupesh Gupta reviewed each school's fiscal highlights: Downtown Montessori Academy posted a modest deficit and maintained a strong cash position; Central City Cyber School reported a surplus but later had its charter revoked for failing to complete closeout reporting; DLH Academy ran a…
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