LITTLE ROCK, Ark. (AP) The Arkansas State Board of Education has revoked the charter of a Little Rock school after unauthorized withdrawals from its bank account left it without enough operating funds.
The Arkansas Democrat-Gazette reports the board voted Friday to immediately revoke the charter of Covenant Keepers College Preparatory School and to close the school.
The board also amended the charter of Friendship Aspire Academy, allowing it to serve Covenant Keepers’ 104 sixth- through eighth-graders.
Education Department attorney Mary Claire Hyatt says nearly $176,500 was taken from Covenant Keepers’ account in January without approval by the school operator or board. Another nearly $12,500 was withdrawn Feb. 8, the day the previous withdrawals were discovered.
A complaint filed with Little Rock police accuses former Covenant Superintendent Valerie Tatum of recently making unauthorized bank withdrawals.
Tatum has declined comment.
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