ERIC Number: ED456527
Record Type: Non-Journal
Publication Date: 2001-Jan
Reference Count: N/A
Somerville Charter School: Management Issues and Recommendations.
Massachusetts State Office of the Inspector General, Boston.
Somerville Charter School was among 24 Massachusetts charter schools included in a study undertaken by the Office of the Inspector General in March 1998. The office identified weaknesses in the contracting practices, procurement procedures, and financial management of some schools, including Somerville. These weaknesses could undermine the schools' ability to achieve their educational objectives and jeopardize the interests of state taxpayers whose dollars fund charter schools. The study was followed by an audit review in November 1999, which generated this report. The Inspector General recommends that the Board of Trustees should hire its own staff to oversee the school's business operations; should consider managing the school's business operations with its own staff when the school's contract with its service company, SABIS, Inc., expires in 2001; should oversee the preparation and execution of the school's annual budget; should select, contract with, and oversee the school's independent auditor; and should seek guidance regarding its fiduciary duty and establish procedures to comply with the requirements of the open meeting law. Three tables illustrate school financial activities. Appendix A is the response of the Somerville Charter School Board of Trustees to the report of the Office of the Inspector General. (RT)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Massachusetts State Office of the Inspector General, Boston.
Identifiers - Location: Massachusetts