Buffalo United Charter School - Financial Management (2018M-197)

Issued Date
March 22, 2019

[read complete report - pdf]

Audit Objective

Determine whether the Board ensured School funds are used in the most effective and economical manner.

Key Findings

  • The Board assigned nearly all revenue the School received to National Heritage Academies, Inc. (NHA), which is responsible for the general management and control of the School’s finances.
  • The Board did not have control over School funds or how they are used.

Key Recommendations

  • Negotiate changes in the terms of the management agreement with NHA to gain more control over the School’s finances.
  • Continue to periodically assess the terms and conditions of any management agreement to ensure it is reasonable and in the School’s best interest.

School officials generally disagreed with our findings and recommendations. Appendix B includes our comments on the School’s response.