Epic Charter Schools Audit Details Financial Collapse
- mike33692
- 16 hours ago
- 1 min read
Audit Details Enrollment Failures in Epic Charter Schools Financial Collapse
An investigative Epic Charter Schools audit outlines 15 major findings tied to the virtual school’s financial collapse, highlighting severe enrollment miscalculations and ineffective cost-cutting measures.
Epic Charter Schools Audit Reveals Enrollment Shortfalls
Auditor Ben Kincaid told state leaders Epic projected 33,000 students for 2025, but actual enrollment fell dramatically short, creating unsustainable budget gaps.
Efforts to offset losses — including staff layoffs and program reductions — failed to stabilize finances.
Charter School Board Takes Limited Action
Despite the findings, the Oklahoma Statewide Charter School Board asked few questions and took no immediate disciplinary action. Board members say Epic will remain under continued monitoring.
Long-Term Oversight Expected
The Epic Charter Schools audit reinforces ongoing concerns about oversight of large virtual charter schools. State officials say additional reporting requirements may be considered moving forward.
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