Paterson Charter School for Science and Technology Inc.

“The board of trustees and designated school officials review the tax form 990 return prior to submission and filing with the irs.”

“Each school official and/or key employee, as well as each member of the board of trustees, is required to file the school ethics commission disclosure statement, per applicable new jersey law. These forms are filed with the local county authority.”

“Salary and compensation of the ceo/lead person of the paterson charter school for science and technology is reviewed and evaluated by board of trustees of the charter school on an annual basis. In conducting such review and evaluation, factors such as personal strengths and weaknesses, as well as goals and achievements of the charter school, and comparable salary data are all given due weight and consideration. The ultimate compensation evaluation and recommendation is thereafter approved by the board of trustees of the charter school.”

“Salary and compensation of officers, key employees and all teachers are reviewed and evaluated by the charter school lead person and business adminstrator on an annual basis. In conducting such review and evaluation, factors such as teacher performance, education, experience, longevity and comparable area standards for the profession, are given due weight and consideration. All such compensation evaluations and recommendations are reviewed and approved by the board of trustees of the charter school.”

“The minutes for the meetings of the board of trustees of the paterson charter school for science and technology are available to the public on the school's website. Annual audit and financial reports of the charter school are available on the state of new jersey department of education website. Other charter school information is available on the school website, or will be provided upon request.”

“The charter school follows state and federal regulations and standards governing record retention and destruction.”

“The ending fund balance for paterson charter school for science and technology (pcsst) as of june 30, 2020, was $5,759,287. The principal reason for the positive fund balance is due to the reporting requirements of the gasb 68 net pension liability. For year end june 30, 2020, pcsst reported a pension liability of $3,761,069, plus deferred inflows of $2,590,593, for a total pension liability of $6,351,662. This amount is reduced by the total deferred outflows of $1,798,476, for a net pension liability of $4,553,186. This amount is pcsst's apportionment of the new jersey state net pension liability at the school level. The state of new jersey is ultimately responsible for the pension liability. If this reporting requirment of the gasb 68 net pension liability was removed, pcsst would show a positive fund balance in excess of $7.5 million.”

“The paterson charter school for science and technology has a written whistleblower policy which prohibits discrimination or retaliation against any school employee who: (1) discloses or threatens to disclose to a supervisor or appropriate entity a policy or practice which the employee reasonably believes is in violation of law; (2) provides information to any public body conducting an investigation or inquiry into any alleged violation of law; or (3) objects to, or refuses to participate in any activity, policy or practice which the employee reasonably believes is in violation of law, is fraudulent or criminal, or is incompatible with public health or safety.”