Detroit — A Detroit charter school has closed it doors six weeks into the school year and sent students searching for new schools after Detroit Public Schools revoked its charter because of financial problems.
Aisha Shule/WEB DuBois Preparatory Academy, a charter school authorized by DPS, educated about 110 students in grades 6-12 until Friday when it closed.
Steve Wasko, DPS spokesman, said the school decided to close its doors on Friday instead of Oct. 31, as announced by DPS on Friday.
DPS revoked the school’s charter because it is no longer financially sound, Wasko said.
The school was on the state’s watch list for districts in deficit. Wasko said the school’s debt exceeded $400,000, more than half of its annual revenue.
According to state records, it began the 2012-13 school year with a positive fund balance but expected to end the fiscal year in the red with a deficit of $351,251.
“DPS is responsible for ensuring that the charter schools it authorizes meet their academic goals, are financially sound and comply with the law. ... The financial condition leaves little confidence that the school has the resources necessary to improve student achievement and to maintain a safe learning environment,” he said.
Wasko said parents are responsible for enrolling their children in new schools, but DPS and the school are working to help in the transition.
An enrollment fair was held Tuesday night, and 11 DPS schools and a number of charters participated, Wasko said.
The school opened in 1974 and became a DPS authorized charter school in 1994.