ASTECCharter Schools

ASTEC is committed to using taxpayer money judiciously and transparently. There are a number of checks and balances regarding the accounting of finances which help ensure that best practices and transparency are in place.

The ASTEC Board of Directors approves an annual budget upon the recommendation of the Chief Executive Officer (CEO) and the board Finance Committee. 

A monthly profit and loss statement, balance sheet, purchase orders and monies spent to date along with other financial details are presented bi-monthly to the governing board for review and feedback.

An annual audit is performed by a state-approved auditing firm and reported to the Oklahoma State Department of Education and the ASTEC Board of Directors. Links to the results of the last few audits may be found below. 

The Superintendent and the CEO are the only employees with legal authorization to commit ASTEC or any of its divisions to contracts and expenditures.

ASTEC Financial Audits