"The National Federation of Municipal Analsts, demands standards for charter school transparency and accountability. It is impossible to assess the credit worthiness of bonds without full transparency on the part of agencies receiving public funds! ." A charter school’s POStatement should disclose: "facilities and their financing: all material financial agreements: proposed indenture, loan agreement, capital leases, management agreements, tax regulatory, credit risk, agreements, reliance on endowments, fund drives, contributions, & gifts; audited financial statements, current budgetary processes debt service, repair/replacement; operating & deficit, as well as insurance & property tax reserve funds; 3rdparty manager control, compensation, and replacement; and charter school teaching faculty, classroom ratios; Academic performance as well as school management and operations!"
At dianeravitch.net
