Family Life Academy Charter School
Financial Management Practices
Family Life Academy Charter School, a 290-student elementary school, is located in New York City. The School, which was established in 2001, 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, contracts were not competitively bid, cash disbursements were not adequately documented, and pay raises were not properly approved. We also found that the School’s Board of Trustees was not meeting as often as it was supposed to meet, 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-102 click here.