(Philadelphia) -- Pennsylvania's elected fiscal watchdog has begun another audit of the troubled Philadelphia school system.
Auditor General Eugene DePasquale says analysts will study many aspects of the district's operation, including the cost of charter schools.
Superintendent William Hite says the system has lost more than $100 million in revenue per year since the state stopped charter school reimbursements in 2011.
About one-third of Philadelphia's 200,000 students attend charter schools.
DePasquale says the state has a vested interest in the district's performance. About 55 percent of the system's $2.4 billion budget comes from the state.
The audit, which began last week, covers the years 2009 through 2012.
DePasquale says he hopes to have an interim report ready by October, and the full report available next year.
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