January 16, 2021


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Condition education board requires $11.2 million back from Epic Charter Faculties around condition audit conclusions | Schooling

1 min read

Approximately $46 million was collected by EYS as payment for its deal to operate Epic’s two Oklahoma constitution educational facilities.

The point out auditor is continuing to go after public information for college student mastering paying at Epic in courtroom and a demo has been set in the circumstance for December.

Holt also instructed the state Board of Education that none of the findings or statements in the state audit report are intended or need to be interpreted as criticism about “the validity” of constitution colleges or mother or father faculty choice.

She mentioned the job of the forensic auditors is to scrutinize the fiscal management and use of public monies by Epic college operators.

Byrd’s workplace uncovered that Epic exceeded the state’s 5% condition cap on administrative overhead costs meant to assure general public educational facilities direct most methods on learners “year right after 12 months.”

The state auditor’s report cites “questionable classification and reporting of administrative costs” among FY 2017 and FY 2019 totaling $16.6 million for Epic 1-on-A single, a statewide digital constitution college, and $6.7 million for Epic Blended Learning Centers, which offer you students in Tulsa and Oklahoma counties a blend of at-home and classroom-dependent reports.

And a $530,000 penalty imposed by the condition school board in February, though major, represented a fraction of what the state auditor claimed she has documented proof that Epic essentially owes for those underreported administrative payroll costs the previous 6 fiscal several years: $8.9 million.

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