Two charter schools investigated for financial problems
Friday, August 30, 2013
In case you missed it, we’ve reported recently on two Houston charter schools that have landed in trouble with the Texas Education Agency over financial problems.
• An investigation of the Juan B. Galaviz Charter School found that the school lost its required nonprofit status, owed the IRS $27,000 in payroll taxes, submitted a fake financial audit and lost $40,000 due to its former finance manager embezzling funds. The small school, which served about 70 students last year, has closed at least for this school year, and the state is considering revoking its charter.
The school’s interim superintendent, Victoria Cano, said the problems largely stem from the ex-finance manager, who has since pleaded guilty to felony theft. Cano said she hopes to re-open next school year.
• The state education agency questioned millions of dollars in spending at the Varnett charter school, including cruises, first-class airfare, spa services and deals that enriched the superintendent. The agency’s investigation also found that school officials conducted business out of public view, holding board meetings via phone or