Did a Delaware charter school slip into the red ?? Has the time come requiring IBU “and” MBU reports?

Delaware Academy of Public Safety Security Monthly Financial Report as of July 31, 2016

Did FY2016 end in deficit exceeding surplus ?? Look at 11 “other expenses”.

Look at new budget FY2017 ! Salaries take a hit!  

Where is this school’s June 30th financial position report? They refer to their monthly financial reports as monthly budgets!  

I am pretty sure the law requires submission of preliminary FY budgets July 1 and final budgets around December after September 30 unit count! 

Look at this school’s Citizen Budget Oversight Committee and keep in mind under the law the Delaware Department of Education is required to assign a DOE staff members as “a committee member” on charter school’s CBOC.

  • 9 March 2106  *Note: Meeting cancelled*

  • 13 April 2016  *Note: Meeting time changed to 5pm*

  • 11 May 2016

  • 8 June 2016  *Note: Meeting cancelled*

  • 10 August 2016 *Note: Meeting cancelled*

  • 21 September 2016

No minutes posted for May’s meeting because there was no June, July or August meetings to approve minutes prior to public view! Also, making 

The follow was from the CBOC April 2016 meeting and I assume minutes approved were from the last meeting held in February 2106:

I. Roll call The following persons were present: Charles Copeland, Dennis O’Brien, Herb Sheldon, Felix Santiago, Richard Riggs and Ronald Patterson.

Are they all committee members ??

IV. Adjournment

Herb Sheldon, adjourned the meeting at 5:40PM. Minutes submitted by:

Herb Sheldon, CFO, Acting Commissioner

Minutes approved by: Charles Copeland, Board Chairman

“acting commissioner” OK I give ! WTF is a commissioner?

Minutes approved by the chairman? And I assume CBOC chair? WTF ??? Shouldn’t the committee as a body approve the minutes not the chair??

Folks the question of capital funding for charter schools must be off the table until we have clear consistent transparent financial reports. The CBOC law has been established and as far as charter schools CBOC; the Delaware Department of Education is “required” to have a DE DOE representative at the table. Obviously with the many CBOC meeting cancellation of this charter school a reg flag is flying high! 

Once again we must question the leadership of the Delaware Department of Education and the competency of the Delaware State Board of Education that doesn’t question these matters during their monthly charter school reviews!  

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