Keiller Leadership Academy

“There are no committees that have been granted authority to act on behalf of the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the designated employee, who is required to disclose the existence of any material financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters. A designated employee, which includes the officers, director of charter school, members of the governing board, and candidates for member of board, is determined to have a material economic interest if it has an effect on the individual, his/her immediate family, or a company, firm or other entity in which he/she has an economic interest that is significant in light of the individual's financial condition or the financial condition of the company, firm or entity. A conflict of interest is determined when a designated employee or immediate family member thereof has an actual or potential "material economic interest" in a proposed transaction or contract between the charter school and another party. Each designated employee must file a form 700 statement of economic interest at the time and manner prescribed by california code of regulations, disclosing to the board any (i) existing or proposed relationships with the academy, (ii) reportable investments, (iii) interests in real property, (iv) business positions, and (v) income required to be reported for each designated employee's position. All statements are filed and retained with the original statement forwarded to the county board of supervisors. After disclosure of the actual or potential conflict of interest, the designated employee shall leave the board or committee meeting while the matter is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the board or committee members have reasonable cause to believe that an interested person has failed to disclose an actual or potential conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The process described here was last completed in 2023.”

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the year at the front office of the school.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”