For the eighth consecutive year, Lakes International Language Academy (LILA) was honored by the State of Minnesota Department of Education with the 2014 School Finance Award. Of the more than 570 charter schools, districts, and regions vying for the award, there were 385 winners. Of these, 129 were public charter schools—more than 80% of all Minnesota charter schools.
Minnesota Department of Education (MDE) congratulated recipients, saying the award “recognizes schools for meeting statutory deadlines for timely submission of audited fiscal financial data and reporting criteria and having a positive fund balance and accurate financial reporting.”
LILA Chief Financial Officer Julie Lundgren said, “We’re pleased to receive this award once again, and even more pleased that such a strong percentage of Minnesota charter schools earned it as well. It points to the fact that our state’s charter schools are stepping up, not only in terms of successful academics, but successful business practices, too.”
For more information about LILA’s strong financial history, see the Finances section of the LILA website.