Epic Charter Schools to Use $30M Private Loan for July Payroll Amid Financial Struggles

Epic Charter Schools to use $30M private loan for July payroll amid financial struggles

OKLAHOMA CITY (KFOR) — In a board meeting Monday, the Statewide Charter School Board voted unanimously to hire a team of auditors to look into Epic Charter School's finances. The SCSB's Financial Compliance Officer, Skyler Lusnia said leadership from Epic came to the board with concerns back in May. "Essentially, these concerns bring questions about the long-term financial stability of the school," Lusnia said. Oklahoma City Council approve…

State board orders investigation into Epic Charter Schools' finances after mass layoffs

The state board that authorizes Epic voted to hire a forensic auditing firm to review the online charter school's operations, performance and finances and to recommend corrective actions. #oklaed

Oklahoma Voice: State board calls for investigative audit of Epic Charter School

OKLAHOMA CITY — While pointing to mismanagement as the cause of mass layoffs and program cuts at Epic Charter School, state officials agreed Monday to hire an accounting firm to investigate further and recommend corrective action.

State board calls for investigative audit of Epic Charter School

Epic Charter School laid off 501 employees over the past school year after administrators overestimated revenues and underestimated expenses, state officials said. (Photo by Nuria Martinez-Keel/Oklahoma Voice)OKLAHOMA CITY — While pointing to mismanagement as the cause of mass layoffs and program cuts at Epic Charter School, state officials agreed Monday to hire an accounting firm to investigate further and recommend corrective action. The State…