Audit finds Pennsylvania cyber charter schools amassed excessive reserves

New Report Suggests 'Pennsylvanians Cannot Afford to Wait Any Longer’ for Cyber Charter School Funding Reform - Bucks County Beacon

The Pennsylvania Department of the Auditor General under Republican Auditor General Timothy DeFoor has released an audit of five of Pennsylvania’s cyber charter schools. There’s good news and bad news, and once more, evidence that Pennsylvania’s cyber charter laws need to be updated. A cyber charter is a privately owned and operated school, funded by taxpayer dollars, that delivers instruction over the internet via computer. Pennsylvania is curr…

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of five cyber charter schools which shows from 2020-23, they legally increased revenues and reserves, due in part to an outdated funding formula.

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

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.

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a performance audit of five Pennsylvania cyber charter schools, prompting calls for substantial changes to the state’s outdated funding formula.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…

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…