Patrick Henry Gets a Clean Bill of Financial Health

Chris Dovi and Richmond Magazine.com have all the details but PHSSA received kudos for it’s finances for the period of time between the summer 2009 and July 2010. Not only was the school given a clean bill of financial health but Susan Martin the former treasurer was cited for her competence. Susan Martin is currently suing Reggie Malone for defamation. Mr. Malone has publicly questioned Ms. Martin credentials.

“Over the last two years, PHSSA had heard from several outside entities … that they were impressed with the accounting systems that were already implemented,” Larson says. “ PHSSA was fortunate to have a professional CPA acting as treasurer for us prior to the school opening. We heard from charter school experts that few start-up charters have such financial controls and procedures in place prior to their schools being open.”