Oversight for Minnesota Charter School Finances

Brian Bakst, Audit: Minnesota Charter Schools need more oversight, St. Paul Pioneer Press, June, 30, 2008

An audit for Minnesota’s schools did not find great achievement differences between regular district schools and charter schools, but there is room for tighter financial oversight of charter schools. Charter schools are public schools run by parents and teachers, and the schools have more flexibility. Each charter school is different, so it is sometimes difficult to measure them. Although not that many charters of those schools were in financial trouble (statutory operating debt in 2007 was at 4.8 percent for charters, which was lower than the 5.3 percent of Minnesota districts in statutory operating debt), they still may need some additional financial regulation. One solution being discussed is to impose a mandatory training requirement for all charter school board members.

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