Audit: US oversight of charter school funds lax
Published: Thursday, 25 Oct 2012 | 7:59 AM ET
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LOS ANGELES - An audit of the U.S. Department of Education's division overseeing hundreds of millions of dollars in charter school funding has criticized the office for failing to properly monitor how states spend the money.
The report released in late September by the department's Office of the Inspector General also singled out state education departments in California, Florida and Arizona for lax monitoring of what charter schools do with the funds and whether their expenditures comply with federal regulations.
The education department's Office of Innovation and Improvement spent $940 million from 2008 to 2011 on charter schools, which are autonomously operated public schools. Most of the money is funneled through state education