Financial Transparency
Budget
According to Proviso 1.3 – Pursuant to Section 59-20-80, each school board of director must make available by September first of each school year its annual budget that includes state, local, and federal investments in education. The budget must be available on the school’s website.
SECTION 59-20-80. School budgets must be made public; itemization of salaries.
Notwithstanding any other provision of law, each school board of trustees in this State shall annually make available to the general public its budget for that year, which budget shall include an itemized list of the average salaries paid to the superintendents, supervisors, administrators, principals, consultants, counselors and teachers employed by the district. No state aid shall be given to any school district whose board of trustees fails to comply with the provisions of this chapter.
Management contracts
S.C. Code Ann. § 59-40-50(B)(17) requires a charter school to post any contracts it has with a management organization to the school’s website.
Monthly Statements
To maintain fiscal accountability under S.C. Code Title 59, Chapter 40, Cyber Academy of South Carolina publishes its financial transparency reports here.
** Please note that the monthly credit card statements reflect both Cyber Academy of SC and Heron Virtual Academy SC transactions. **
Annual Audits
Pursuant to S.C. Code § 59-40-50, Cyber Academy of South Carolina publishes its annual independent CPA audit reports for public review.