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October 24, 2012

 

Comptroller DiNapoli Releases School Audits

New York State Comptroller Thomas P. DiNapoli today announced his office completed an audit of the Global Concepts Charter School.

“My office’s audits of school districts, charter schools and BOCES help schools improve their financial management practices,” DiNapoli said. “These audits are tools for schools to make sure proper policies and procedures are in place to protect taxpayer dollars and provide students with the best possible education.”

Global Concepts Charter School – High School Building Lease (Erie County)
Auditors found the charter school board did not demonstrate that it used an appropriate process to ensure it obtained a suitable site for a school building at a reasonable cost. School officials did not provide evidence that the board performed an appropriate cost analysis of the selected site or alternative sites. As a result, we estimate that the school will pay $2.3 million more than necessary over the next five years for this school building.


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