August 10, 2022

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Business is my step

Epic Charter Schools introducing human, financial assets to tackle deficiencies ID’d by state auditor | Schooling

2 min read

'Our kids have become a piggy bank': Epic Charter Schools shields $50M in taxpayer funds from public scrutiny

In a conference Monday evening, Epic Constitution School’s governing board hired extra staff to tackle deficiencies cited by condition investigators.

Epic Charter Schools’ statewide virtual constitution faculty additional new hires and contracted with a second accounting firm Monday night time in response to problems discovered in a recent point out investigative audit.

At Epic One-on-One’s regular governing board meeting, the hiring of Jeanise Wynn, who has been the business supervisor at Edmond Community Educational institutions, was introduced. Wynn will serve as the school’s new assistant superintendent of finance, reporting straight to the governing board.

Longtime Epic Chief Financial Officer Josh Brock will now serve only the school’s exterior, for-profit administration enterprise, named Epic Youth Expert services.

The arrangement of Brock serving as CFO for both equally entities was branded an “inherent conflict of interest” by the Oklahoma State Auditor and Inspector mainly because acquiring Brock generate checks for Epic’s charter colleges and then signing their backs to deposit them into the for-income company’s lender account “violates the most simple accounting principles.”

Moreover, a former Epic teacher named Charlotte Uzzel has been produced the new tutorial high-quality assurance professional to do the job along with the school system’s inside auditor and conduct gradebook audits.

Epic board associates also authorised a $225 for each hour contract with a 2nd faculty accounting firm, Arledge and Associates, to analyze how Epic has been reporting its expenses, including administrative costs to the Oklahoma Point out Division of Training. © All rights reserved. | Newsphere by AF themes.