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WHITE HAT MANAGEMENT HELPS 26 OHIO CHARTER SCHOOLS BE THE FIRST IN THE STATE TO BE AWARDED HIGHEST NATIONAL FINANCIAL REPORTING HONOR

AKRON, Ohio – October 7, 2005 — Twenty-six Ohio charter schools managed by Akron, Ohio-based White Hat Management are the first charter schools in the state to be awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA), for the 2003-2004 fiscal year.

Established in 1945, the Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and is designed to recognize and encourage excellence in financial reporting by state and local governments. The Certificate of Achievement is awarded by the GFOA, a nonprofit organization serving the needs of state, provincial, and local government finance practitioners in the United States and Canada.

“We are very pleased that an organization with the prestige and national standing of the Government Finance Officers Association (GFOA) has recognized the efforts and incredible resources that we have consistently expended to ensure the highest degree of financial integrity throughout the publicly funded charter schools we manage,” said Mark Thimmig, CEO of White Hat Management, the lifelong learning company that performs the accounting and fiscal reporting of the schools that received the award. “We are especially proud of the fact that the schools we manage are the first to receive this award in Ohio, and of our Director of School Finance, David Massa, who led the initiative for this impressive level of compliance and recognition. The nonprofit boards we serve and our company perceive fiscal responsibility to be one of our greatest priorities, and we are glad to be recognized as leaders in this arena.”

Attainment of the Certificate of Achievement represents a significant accomplishment by a government entity and its management. To be eligible for the award, GFOA member organizations submit their completed annual financial reports to the program, and the submissions are judged by an impartial panel. The 26 Ohio White Hat managed schools that received the award are:

  • Life Skills Center of Akron
  • Life Skills Center of Cincinnati
  • Life Skills Center of Cleveland
  • Life Skills Center of Youngstown
  • Riverside Academy (Cincinnati)
  • HOPE Academy Broadway (Cleveland)
  • HOPE Academy Cathedral (Cleveland)
  • HOPE Academy Chapelside (Cleveland)
  • HOPE Academy Lincoln Park (Cleveland)
  • HOPE Academy Brown Street (Akron)
  • HOPE Academy University (Akron)
  • HOPE Academy East (Cleveland)
  • Life Skills Center of Canton
  • Life Skills Center of Hamilton County
  • Life Skills Center of Lake Erie
  • Life Skills Center of Middletown
  • Life Skills Center of Springfield
  • Life Skills Center of Northeast Ohio
  • Life Skills Center of Summit County
  • Life Skills Center of Elyria
  • Life Skills Center of Trumbull County
  • Alternative Education Academy (OHDELA)
  • HOPE Academy Cuyahoga County
  • HOPE Academy Northcoast (Cleveland)
  • HOPE Academy Canton
  • Life Skills Center of Toledo

About White Hat Management

Headquartered in Akron, OH, White Hat Management is a lifelong learning company that features an array of services, including a full complement of education management and school operation services such as general operations, human resources, financial reporting, board relations, facilities acquisition, development and management and student-data reporting to state education authorities. White Hat's extensive education-management background allows the company to provide all the services a charter school might need. More information about White Hat can be found at www.whitehatmgmt.com

 

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The HOPE Academies and Riverside Academy are community schools established under Chapter 3314 of the Revised Code. These schools are public schools and students enrolled in and attending the schools are required to take proficiency tests and other examinations prescribed by law. In addition, there may be other requirements for students at the schools that are prescribed by law. Students who have been excused from the compulsory attendance law for the purpose of home education as defined by the Administrative Code shall no longer be excused for that purpose upon their enrollment in a community school. For more information about this matter contact the school administration or the Ohio Department of Education.