EAGLE HEIGHTS ACADEMY

EAGLE HEIGHTS ACADEMY

Audit findings

The Ohio auditor’s office issued a report of Eagle Heights Academythat listed financial problems at the Youngstown charter school that is going out of business next month. Some of the biggest problems:

$33,500 in public money illegally spent that must be repaid. School personnel received one-time payments from a federal grant without receiving approval by the school’s governing board.

$333,722.34 in federal income tax withholding and $120,658.93 in Medicare withholding that the school failed to turn over to the government.

$707,507 in questioned costs, or errors that caused costs to be overstated or understated on federal reports. These included undocumented payrolls, overstated expenditures and double reimbursement of federal funds.

Source: Ohio auditor’s office