Pact Charter School

“The Form 990 is prepared by an independent accountant and reviewed in detail by the Organization's finance manager, board treasurer, and administrator. The final draft is made available to the board prior to filing.”

“Board members, committee members, and school employees sign a conflict of interest policy requiring disclosure of any potential known conflicts. This is required as conflicts come up throughout the year as well. Individuals with potential conflicts of interest shall disclose all material facts to the board of directors. Transactions where a conflict has been determined to exist may be undertaken if the interest is disclosed or known to the board of directors; the board approves, authorizes, or ratifies the action in good faith; the approval is by a majority of directors (not counting the interested person); and the action takes place at a meeting where quorum is present (not counting the interested director). All proceedings related to the conflicts of interest are documented in the meeting minutes clearly reflecting that all of the requirements of the school's conflict of interest policy have been met. Individuals that are determined to have a conflict of interest may be present for discussion and to answer questions, but may not advocate for the action to be taken and must leave the room when the vote is taken.”

“The Board of Directors reviews and approves all compensation.”

“The Organization makes its documents available to the public upon request.”

“Other Education Contracted Services: Program service expenses 416,102. Management and general expenses 205,620. Fundraising expenses 0. Total expenses 621,722. Contracted Transportion Fee: Program service expenses 378,760. Management and general expenses 0. Fundraising expenses 0. Total expenses 378,760.”

“The process has not changed from the prior year.”