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, such as board members, officers, or employees, 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 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 officers and key employees' compensation as a direct action. The process described here was last completed in 2024.”

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

“After school services: program service expenses 570,395. Management and general expenses 0. Fundraising expenses 0. Total expenses 570,395. All other consultants & services: program service expenses 0. Management and general expenses 239,172. Fundraising expenses 0. Total expenses 239,172. Contracted substitute teachers: program service expenses 103,453. Management and general expenses 0. Fundraising expenses 0. Total expenses 103,453. Nursing & medical (non-iep): program service expenses 5,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,283. Other student instructional services: program service expenses 19,596. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,596. Pd consultants & tuition: program service expenses 89,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,369. Special education fees (selpa): program service expenses 115,408. Management and general expenses 0. Fundraising expenses 0. Total expenses 115,408. Special education services: program service expenses 509,513. Management and general expenses 0. Fundraising expenses 0. Total expenses 509,513.”

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