Jennings Community Learning Center

“The directors are appointed by majority vote of parents/guardians of enrolled students and the employees of the school.”

“Meetings of committees are not contemporaneously documented because the school does not have any committees with authority to act on behalf of the governing body.”

“The school director reviews and signs the completed form 990 and files required copies.”

“The school's conflict of interest policy applies to all board members and employees. Board members are prohibited from serving as a board member, employee or agent of a for-profit entity with whom the school contracts. Board members who serve as a board member, employee or agent of a non-profit entity must disclose all relevant facts to the minnesota department of education who shall determine if a conflict exists. Any individual with an actual or potential conflict of interest may not approve or recommend approval of the relevant transaction or contract and may not directly or indirectly influence the transaction or contract. Proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”

“The school director's salary is reviewed and approved by the board of directors as part of the annual budget. Budget approval is documented in minutes of school board meetings. There are four independent members of the jennings school board who participate in budget review and approval. This process was last conducted in 2015 for the school director, w. Zimniewicz. Other employee compensation is determined upon hire by the director and board chair based on the prospective employee's qualifications, the school's needs, school budget and financial situation. The board chair, who is an independent member, generally participates in compensation decisions and the board approves salaries as part of the annual school budget. Board decisions are documented in board meeting minutes. This process was last conducted in 2015 for all other positions.”

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

“Change in pension liability 6,517.”

“The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”

“During fiscal year ended june 30, 2015, the school adopted gasb statement no. 68, accounting and financial reporting for pensions, and the related gasb statement no. 71, pension transition for contributions made subsequent to the measurement date - an amendment of gasb statement no. 68. As a result, the school's net position as of june 30, 2014 has been restated to reflect the recognition of the school's proportionate share of the public employees' retirement association of minnesota general employees' retirement fund's net pension liability as well as their portion of the teacher's retirement association's coordinated and basic plan net pension liability.”