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INTEGRITY EDUCATIONAL CENTER

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REVENUE FLOW:<br />

K: FINANCIAL CAPACITY<br />

Integrity Educational Center will work cooperatively and collaboratively with the<br />

California Department of Education, OUSD to achieve a direct revenue flow from CDE to Integrity<br />

Educational Center in at least its first year of operation. Funds transferred directly from CDE to<br />

Integrity Educational Center will be transferred to the charter school account in the Oakland County<br />

treasury in the most expeditious manner possible. Integrity Educational Center will apply directly<br />

for all categorical funding. Budget development will begin each year immediately following the<br />

January announcement of the govenor's k-12 state budget proposals and will be continuosly refined<br />

through the month of May. Budgeted resources will always be consistent with school<br />

goals.Integrity Educational Center will submit financial statements to OUSD, CDE, the state and any<br />

other state or federal agency as required by applicable law. Every year, Integrity Educational Center<br />

k ONin have an audit by an independent agency and reports will be submitted to OUSD<br />

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