Afsa High School

“The members of the organization are: 1. Any parent or guardian of any student enrolled at afsa; 2. Any learning facilitator or salaried administrator employed by afsa; and 3. Any elected or appointed member of the board of directors of afsa. All members have equal voting rights.”

“Each director is appointed by majority vote of the members.”

“Amendments to the organization's governing documents must be approved by a majority of members present at the regular or special meeting of the membership.”

“The form 990 was prepared by an independent accounting firm and reviewed by the school's management and board treasurer. The reviewed draft of the form 990 was then sent to the board for final review and approval prior to filing.”

“At the start of each board meeting (and included on the agenda), the board chair determines if there are any potential conflicts of interest. The board chair determines if a conflict of interest exists based on information provided by the interested board member. The school has a conflict of interest policy-all board members must comply with this policy. If a conflict is determined to exist, the board member must refrain from voting and/or recuse him/herself. Proceedings related to conflicts of interest are documented in the meeting minutes.”

“The board determines the compensation of the school director and all teachers, based on recommendations from the human resources (hr) committee as part of the annual budgeting process. The hr committee uses the macs annual survey results and other public school wages to determine the recommendations. The deliberation and decision are documented in the meeting minutes. This process was most recently undertaken in 2014 for the school director, b. Meyer and all other staff.”

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

“New activities include an expansion to accommodate 5th and 6th grade students, increasing the school's student base to grades 5-12.”

“Change in pension liability 68,919.”

“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.”