St Paul City School

“The school's board of directors are elected at the annual meeting by the following eligible voters: any staff members who are employed at the school, including teachers, and all parents/legal guardians of students enrolled at the school.”

“The form 990 is prepared by an independent accounting firm and a draft is reviewed by the executive director prior to filing with the irs.”

“Annually, board members and key employees complete a full disclosure which includes the member, spouse, and close relatives to identify potential conflicts of interest. The board of directors reviews and determines if conflicts of interest exist (without counting the interested director in the discussion except to provide material facts and answer questions). Individuals with potential or actual conflicts of interest do not vote on that matter. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“The board of directors reviews the budget and establishes the appropriate level of compensation for all positions based on job performance and the appropriate comparability data annually.”

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

“Per mn statute 124e.07, charter schools are required to have licensed teachers as members of the board of directors. Amy barber is a board member but received compensation for their service as a teacher.”

“Student transportation: program service expenses 494,845. Management and general expenses 0. Fundraising expenses 0. Total expenses 494,845. Other purchased services: program service expenses 668,932. Management and general expenses 122,397. Fundraising expenses 0. Total expenses 791,329. Food service: program service expenses 1,597,185. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,597,185.”

“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.”

“Gasb 68 - pension adjustment 463,805.”