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Audit finds Pennsylvania cyber charter schools amassed excessive reserves

Summary by The Indiana Gazette Online
A three-year audit shows five of Pennsylvania’s cyber charter schools amassed excessive reserves following rapid enrollment growth during the COVID-19 pandemic, demonstrating the need to change the way tuition is paid for online students. State Auditor General Timothy DeFoor’s office…

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politicspa.compoliticspa.com

DeFoor Releases Cyber Charter School Performance Audit, Calls for Major Reform to How They are Funded

Auditor General Tim DeFoor released a performance audit of five cyber charter schools which shows from 2020-23, they legally increased revenues and reserves, due in part to an outdated funding formula.

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Pennsylvania Capital-StarPennsylvania Capital-Star
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The Indiana Gazette OnlineThe Indiana Gazette Online

Audit finds Pennsylvania cyber charter schools amassed excessive reserves

A three-year audit shows five of Pennsylvania’s cyber charter schools amassed excessive reserves following rapid enrollment growth during the COVID-19 pandemic, demonstrating the need to change the way tuition is

Read Full Article
Penn LivePenn Live

Cyber school funding formula ‘needs to change’ after audit findings: Pa. auditor general

Pennsylvania Auditor General Timothy DeFoor on Thursday called for major reforms to cyber charter funding after an audit of five schools showed they increased revenue by $425 million and reserves by nearly 150% over a four-year period.

·Harrisburg, United States
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MyChesCoMyChesCo

Auditor General Demands Urgent Action to Fix Flawed Cyber Charter Funding and Protect Students’ Futures

HARRISBURG, PA — Auditor General Timothy L. DeFoor has unveiled a performance audit of five Pennsylvania cyber charter schools, prompting calls for substantial changes to the state’s outdated funding formula. The audit, which reviewed operations between 2020 and 2023, revealed significant financial growth among these schools, with revenue increases of $425 million, a 144% rise in reserves, and taxpayer-funded expenditures that raise questions ab…

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Education Voters PAEducation Voters PA

Key Findings From a New Audit of Five PA Cyber Charter Schools - Education Voters PA

A newly-released audit from Pennsylvania Auditor General Tim DeFoor’s office of five Pennsylvania cyber charter schools has confirmed what we’ve long known—Pennsylvania’s cyber charter school funding system is deeply flawed and in need of urgent reform. Under the current funding system, school districts pay vastly different tuition rates for cyber charter education. In 2022-23, tuition payments ranged from $6,975 to $25,150 per student for regul…

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explorejeffersonpa.comexplorejeffersonpa.com

DeFoor Audit: Cyber Charter Schools Boosted Reserves by 144%, Calls for Reform

HARRISBURG, Pa. (EYT) — A new performance audit of five cyber charter schools shows they legally increased their revenues by $425 million and reserves by 144% from 2020 to 2023, prompting Auditor General Timothy L. DeFoor to call for an overhaul of Pennsylvania’s cyber charter school funding formula. “I am now the third auditor general to look at this issue and the third to come to the same conclusion: the cyber charter funding formula needs to …

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Commonwealth Foundation broke the news in on Thursday, February 20, 2025.
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