Amber Charter School
Financial Management Practices
Amber Charter School, a 340-student elementary school, is located in New York City. The School, which was established in 2000, is one of more than 40 schools chartered by the State University of New York. We audited the adequacy of the internal controls established by School officials over selected areas of financial operations, and identified a number of weaknesses in these controls. For example, cash funds were not adequately controlled, contracts were not competitively bid, and adequate inventory records were not maintained. We also found that a large pay increase may not have been approved by the School’s Board of Trustees, and some of the individuals hired by the School did not undergo a criminal history record check before beginning their employment.
For a complete copy of Report 2007-S-101 click here.