KIPP Tech Valley Charter School - Resident Tuition Billing (2019M-66)

Issued Date

May 24, 2019

Audit Objective

Determine if School officials completely and accurately billed resident districts.

Audit Results

School officials have maintained adequate proof of residency records, accurately billed resident districts using the correct New York State Education Department (SED) rate and full-time equivalent (FTE) and ensured that year-end reconciliations were reasonable and supported.

There were no recommendations as a result of this audit.

School officials generally agreed with our report.

Background

KIPP Tech Valley Charter School (School) is located in the City of Albany in Albany County. The School was established and granted a charter by the State University of New York Board of Regents in 2004 and opened in September 2005. The charter was renewed for five years in July 2015.

The School is governed by a seven member Board of Trustees (Board) responsible for the School’s financial and educational affairs. The Executive Director is the School’s chief executive officer and is responsible, along with other administrative staff, for the day-to-day management of the school under the Board’s direction.

The School’s main source of revenue is tuition billing from students’ resident districts. The School’s accounting consultant is responsible for invoicing resident districts for each student’s period of enrollment according to SED tuition rates.

Quick Facts
2018-19 Enrollment	660
2018-19 Appropriations	$8.4 million
2017-18 Resident Tuition Billings	$7.3 million
Number of Districts Billed in 2017-18	19

Audit Period

July 1, 2017 – October 31, 2018