Stride Academy Charter School

“As per mn statute 124e.07, staff members employed at the school, including teachers providing instruction under a contract, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the schools board of directors.”

“There are no committees with authority to act on behalf of the governing board.”

“The return is reviewed by the director and business manager prior to filing.”

“The academy's conflict of interest policy applies to its directors and officers. Directors and officers are required to disclose any known or potential conflicts of interest in writing to the board of directors prior to the time set for voting on any such transaction. The individual with a conflict may not attempt to influence the decisions of other directors in voting on the matter and may not be present during a vote on the matter. The situation is documented in the board minutes. Failure to bring notice of a potential conflict of interest to the attention of the board may constitute cause for removal of the individual from the board.”

“Determination of the compensation of all employees included review and approval by independent persons, comparability data and contemporaneous substantiation in the board minutes. This process included the executive director.”

“The academy's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Related board members per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Andy lyman and suzy mcintyre are board members but receive compensation for their services as teachers.”

“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Pension adjustment 1,432.”

“The board is responsible for selection of an independent accountant and for the oversight of the financial statement audit. This process has not changed from prior year.”