In meetings Tuesday that lasted until after midnight, the governing board of Epic Blended and Epic One-on-One charter schools, Community Strategies, approved a motion that will move the school’s controversial learning fund from private account management to public bank accounts.
The board also approved items after a nearly four-hour executive session, including a settlement proposal regarding contract termination proceedings with the Statewide Virtual Charter School Board.
Epic’s learning fund reimburses the families of Epic Blended and Epic One-on-One students for up to $1,000 of educational curriculum or extra-curricular purchases and is currently administered by the for-profit management company Epic Youth Services, which is owned by Epic co-founder Ben Harris and David Chaney.
Epic’s assistant superintendent of finance, Jeanise Wynn, presented the proposed changes, which would, effective July 1, place all funds allocated to the learning fund in bank accounts owned by Community Strategies doing business as either Epic Blended Learning Charter or Epic One-on-One Charter School, respectively.
“This will also require that all revenue and expenditure records for the public bank CONTINUE READING: Epic's controversial 'learning fund' will change, settlement proposed for SVCSB