Maga’låhen Hurao-CHamoru Academy Charter School, Guam’s first CHamoru language and culture immersion charter school, received an unmodified opinion on its Fiscal Year 2025 financial statements from independent auditors Ernst & Young.
The audit found no material weaknesses in the school’s internal controls or compliance, though four internal control deficiencies were identified for management consideration. FY2025 was also the first year the school’s audit was overseen by the Office of Public Accountability.
The charter school ended FY2025 with a net position of about $219,000.
During the fiscal year ending Sept. 30, 2025, the school reported about $1.4 million in revenue from the Government of Guam, representing about 88% of the $1.5 million allocated under the per-pupil funding formula. Total expenditures were about $1.3 million, with salaries and wages making up the largest share at $676,000, or 49% of operating costs.
Enrollment also increased significantly. The school began the 2024–2025 academic year with 91 students in grades K3 through fifth grade and grew to 174 students at the start of the 2025–2026 school year, a 91% increase. As of Sept. 30, 2025, the school had about $530,000 in receivables from GovGuam for appropriations earned but not yet received.
The audit also noted transactions with Chief Hurao Academy, Inc., a nonprofit that served as the charter applicant organization and transitional board. During FY2025, the school contracted with the nonprofit for curriculum development and teacher training totaling about $325,000. The nonprofit also provided a non-interest-bearing bridge loan for startup operations, with an outstanding balance of about $194,000.
Auditors recommended improvements in lease accounting, payroll accrual procedures, data security for the student enrollment database and continued financial training for staff.