The audit, released late Friday night, cites “lack of management oversight, inaccurate monthly financial reports, failure to follow established procedures, an ineffective filing system, and incomplete documentation of transactions” for funds held in accounts controlled by the charter school’s principal, Pamela L. Boyd.
The article also points out the difficulties faced by the PHSSA school board. The board is held responsible for the success and running of the school but have no direct control over the employees and some of the finances of Patrick Henry.
The audit report adds fuel to concerns about management of Patrick Henry, whose employees work for the public school system instead of the board of directors that runs the nonprofit organization, as required under Virginia law.
“Charter school laws need to be changed so there isn’t this gray area of confusion and so employees of a charter school are employees of that charter school,” Patrick Henry Vice President Kristen Larson said Saturday. “The charter school board should have control over that.”
Larson said the auditor’s findings are consistent with the findings of Patrick Henry’s accountant, who audited the student activity funds this spring. “It validates what we’ve been doing,” she said.