TAYLOR DECLARES AKRON CHARTER SCHOOL'S BOOKS "UNAUDITABLE"
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State Auditor Mary Taylor said Tuesday that an Akron charter school's financial records are "unauditable," a designation that requires the school's sponsor to provide documentation necessary to complete an audit.
The finding, involving Phoenix Village Academy-Primary 1, also means that its sponsor, Ashe Culture Center, Inc., cannot open any new schools until the situation is resolved.
Ms. Taylor's office said it has advised the Ohio Department of Education that key documents showing how tax funds were spent are missing, incomplete or inaccurate.
If financial records are not brought into an auditable condition within 90 days, state funding could cease until the situation is corrected.
Gongwer News Service Ohio (Sub. Req.)
