Bluffview Montessori School

“The school's members include parents/guardians of enrolled students, school faculty and staff, and members of the board of directors.”

“The school's members elect the members of the governing body through a vote process preceding the annual meeting. The elected members are announced at that annual meeting.”

“The board chair reviews a copy of the form 990 before it is filed.”

“The conflict of interest policy covers all officers, board members and members of committees with board delegated authority. All board members are required to complete a related party questionnaire during the annual audit. The completed forms are reviewed by the executive committee which will attempt to resolve any actual or potential conflicts. In the absence of resolution, the executive committee will refer the matter to the board or directors who shall determine if a conflict exists. Individuals with conflicts of interest may not participate in the discussion except to answer questions and may not vote on the transaction. All proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”

“The board determines the director of school and their related compensation. The director is responsible for hiring the remaining team members and determining their related compensation. The board only sets the budget which includes the salaries/compensation details as a whole.”

“The school's governing documents and financial statements are available to the public upon request for the same period of disclosure as set forth in section 6104(d). The school's conflict of interest policy is available on the school's website.”

“Per mn statute 124e.07, charter schools are required to have a licensed teacher as a member of the board of directors. Anna aarre, meghan booth, mariah white, and shelly merchlewitz are board members but received compensation for services as teachers.”

“Food services: program service expenses 144,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,783. Transportation: program service expenses 118. Management and general expenses 0. Fundraising expenses 0. Total expenses 118. Misc contracted services: program service expenses 178,967. Management and general expenses 38,701. Fundraising expenses 0. Total expenses 217,668.”

“Pension liabilities, deferred outflows & inflows pension: 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, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Net change in pension liabilities 65,069.”