Audit: Failed NC charter school mismanaged taxpayer funds

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Submitted: Thu, 01/29/2015 - 2:07am
Updated: Thu, 01/29/2015 - 2:11am

RALEIGH, NC (AP) — North Carolina’s state auditor says a failed Kinston charter school got nearly $700,000 in taxpayer funds in 2013 despite years of financial mismanagement and inflated expected student enrollment to get more than it was due.

State auditors said Wednesday they looked into the finances of Kinston Charter Academy after it closed in September 2013.

Auditors say school CEO and principal Ozie Hall and his wife were paid $11,000 for unused vacation time less than a month before the school closed while other employees were owed $370,000. His wife was chairman of the school’s board.

Hall says the audit is politically motivated and he was owed the vacation pay.

State school board Chairman Bill Cobey says legislation is needed to better protect taxpayer money when charter schools have financial irregularities.

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