Agamim Classical Academy

“As per mn statute 124e.07, staff members employed at the school, including teachers providing instruction under a contract, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.”

“The school does not have any committees that have authority to act on behalf of the governing body.”

“The form 990 is prepared by the school's accountant and reviewed in detail by the school's finance committee. The reviewed public disclosure 990 will be made available to all board members prior to filing with the irs.”

“All board members are covered under the conflict of interest policy and are required to disclose annually any interests that could give rise to conflict. The determination as to whether a conflict of interest exists is to be made by the school board. Any school board members who has an actual or potential conflict shall notify the school board of such interest immediately. The school board member shall thereafter cooperate with the school board as necessary for the school board to make its determination. Individual determined to have a conflict of interest may not participate in the discussion nor the vote. All proceeding related to conflicts of interest are documented in the meeting minutes. See the school's website for more information on this policy.”

“The school's board of directors reviews and approves compensation for all staff using market rate analysis as part of the annual budget review process. The deliberation and decision is documented in the meeting minutes. The review is completed annually.”

“The school makes it governing documents and conflict of interest policy available to the public on the school's website. The school makes its financial statements available to the public upon request.”

“Related board members per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Jessica ensminger is a board member but received compensation for her services as a teacher.”

“Nursing services: program service expenses 8,256. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,256. Cleaning & maintenance services: program service expenses 26,209. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,209. Substitute teachers: program service expenses 46,752. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,752. Special education services: program service expenses 188,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 188,983. Misc contracted serices: program service expenses 5,961. Management and general expenses 3,790. Fundraising expenses 0. Total expenses 9,751.”

“Pension liabilities, net of pension deferred outflows & inflows: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability is reported on the school's statement of net position, the school is not in a position to directly control the liability or the subsequent liquidation of the liability.”