Our World Neighbor Charter School
Financial Management Practices
Our World Neighbor Charter School is located in New York City. At the time of our audit, it had about 670 students enrolled in kindergarten through grade 7. The School, which was established in 2002, is one of more than 40 schools chartered through 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 certain weaknesses in these controls. For example, established procurement procedures were not always followed and adequate inventory records were not maintained. We recommended that the School’s Board of Trustees more closely monitor the School’s financial transactions. We also found that many 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-56 click here.