![]() Įpic's governing board is scheduled to meet at 10 a.m. It reported 38,556 students, down from nearly 61,000 last year. Įpic Charter Schools' budget for its One-on-One and Blended schools combined is about $335.7 million this year, with $252.9 million coming from state coffers. "It is our responsibility to right the wrongs that occurred during the tenure of EYS (Epic Youth Services)," the statement reads. ![]() In a Facebook post Thursday, Epic said its former management company is responsible for the penalty, and the school will pursue reimbursement on behalf of the school. Epic's board severed ties with the company in May.Įpic administrators recently agreed to the amount owed, said Brad Clark, an attorney for the department. The penalties were incurred while the school was managed by Epic Youth Services, a for-profit company owned by the school's co-founders, David Chaney and Ben Harris. State law caps school administrative expenses at 5% to ensure maximum funds go into the classroom. The penalties are for exceeding the state's 5% cap on administrative expenses, failing to properly classify administrative costs, and for transferring $203,000 to an Epic school in California. But the amount owed was reduced after an investigation by the department. ![]() Last year, the board had ordered Epic, the state's largest online charter school system, to repay more than $11 million. The funds will be withheld from Epic over the next 12 months and will be distributed to other public schools through the state funding formula. Board member Carlisha Bradley was absent and William Flanagan, who resigned in October, has not yet been replaced. īoard of Education members voted 5-0 to approve the clawback of state funds in its meeting Thursday afternoon. The state Department of Education will withhold $9.1 million from Epic Charter Schools' state funding to cover misspending discovered in a 2020 audit. ![]() Epic Docked $9.1 Million in State Funding Over Audit Findings - Oklahoma Watch CloseĮpic Docked $9.1 Million in State Funding Over Audit FindingsĭecemEpic Docked $9.1 Million in State Funding Over Audit Findingsīy Jennifer Palmer, Oklahoma Watch December 16, 2021 ![]()
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