Seven Hills Preparatory Academy

“The return is prepared with information provided by cliftonlarsonallen (financial manager) and once a draft is available it is then reviewed by the finance committee and then sent to the board for review and approval.”

“All directors and officers are required to submit an annual statement that discloses any relationships that may give rise to potential conflicts of interest. The board of directors and school administrators complete required training on what may constitute a conflict of interest and both review the conflict of interest annual statements and conflicts that arise during the year. Any director who has a potential conflict of interest in a transaction that is being contemplated by the board, or as has a relationship with any person whom may be involved in such a transaction, must fully disclose to the board the existence of the interest or relationship. Individuals with potential conflicts of interest may not participate in the discussion nor the vote on the transaction. All proceedings related to conflicts of interest are noted in the meeting minutes.”

“The board oversees a biennial compensation analysis that involves a comparative review of area charter schools and resident districts as well as a review of existing salary bands for staff in addition to an annual rubric-based evaluation of administration.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Subcontractors: program service expenses 32,338. Management and general expenses 238. Fundraising expenses 0. Total expenses 32,576. Fees for services: program service expenses 114,601. Management and general expenses 47,966. Fundraising expenses 0. Total expenses 162,567. Special ed consultants: program service expenses 27,165. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,165. Miscellaneous consultants: program service expenses 282,962. Management and general expenses 0. Fundraising expenses 0. Total expenses 282,962. Transportation: program service expenses 889,811. Management and general expenses 0. Fundraising expenses 0. Total expenses 889,811.”

“Change in tra and pera liability -564,400.”