Determine whether Henry Johnson Charter School (School) Board of Trustees (Board) and officials ensured tuition billings to school districts were adequately supported and collections were deposited in a timely manner.
While School officials ensured resident district tuition billings were adequately supported for the sample of 30 students we reviewed, they did not ensure related district tuition collections reviewed totaling $8 million were deposited in a timely manner. Officials and staff did not:
- Monitor collections received to ensure they were deposited in a timely manner.
- Deposit 29 district tuition collections totaling $4.9 million in a timely manner.
By not depositing collections in a timely manner, the School did not have access to the undeposited funds, and the risk of loss, diversion or theft of School funds was increased.
- The Director of Finance (Director) should ensure collections are deposited in a timely manner.
- The Head of School (HOS) should periodically review billing receipt and deposit information to ensure deposits are being made in a timely manner.
School officials generally agreed with our recommendations and indicated they planned to initiate corrective action.