Valley Charter Schools

“There are no committees that have the 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 distributed to governing board members 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 interested person, who is required to disclose the existence of any 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.”

“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 officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

“The governing documents, conflict of interest policy, along with financial statements are made available to the public upon request.”

“Contracted substitute teachers: program service expenses 144,530. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,530. Special education services: program service expenses 308,775. Management and general expenses 0. Fundraising expenses 0. Total expenses 308,775. After school services: program service expenses 307,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 307,665. Other student instructional services: program service expenses 82,885. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,885. Pd consultants & tuition: program service expenses 118,786. Management and general expenses 0. Fundraising expenses 0. Total expenses 118,786. Nursing & medical (non-iep): program service expenses 25,459. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,459. All other consultants & services: program service expenses 4,878. Management and general expenses 215,870. Fundraising expenses 0. Total expenses 220,748. Special education fees (selpa): program service expenses 111,162. Management and general expenses 0. Fundraising expenses 0. Total expenses 111,162.”

“The oversight and selection process has not changed from prior year.”