OKLAHOMA CITY — Epic One-on-One virtual charter school has been fined $530,527 for exceeding a legal limit on administrative costs.
The Oklahoma State Department of Education will subtract the amount from Epic’s appropriation of state funds.
Epic Superintendent Bart Banfield was notified of the penalty on Jan. 23 in an email from the state Department of Education, as first reported by The Frontier.
“(Epic One-on-One) exceeded the allowable limits on expenditures for these purposes by 5.58%, or $530,527.20,” the email to Banfield stated. “As a result, the OSDE is required to assess a penalty in the amount of $530,527.20, which will be deducted from the District’s next State Aid payment.”