New City School

“The Form 990 is prepared by an independent accounting firm. Once the Form 990 is completed, it is given to New City School for review before it is signed and filed. The Form 990 is not provided to all board members in a complete format.”

“The board assigns the monitoring to a specific committee who is responsible to review the compliance with the policy. Board members are required to annually complete a conflict of interest statement.”

“An annual review is completed by the governing board. The finance committee of the Board reviews compensation and recommends approval by the board. A written agreement is put in place.”

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

“Several members of the board are teachers at New City School. Minnesota State statute 124D.10 subd.4(g) requires the board to have at least one member that is an employed/contracted teacher.”

“Other fees-ProgServ-990: Program service expenses 29,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,607. Elementary ed - consultant fees: Program service expenses 38,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,402. Consulting fees/fees for services: Program service expenses 501. Management and general expenses 0. Fundraising expenses 0. Total expenses 501. TITLE I - indirect costs: Program service expenses 2,718. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,718. Speech - payment to other agencies: Program service expenses 17,187. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,187. Federal sub awards/contract less th: Program service expenses 13,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,000. General special education - payment: Program service expenses 49,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,506. Staff development - consulting fees: Program service expenses 221. Management and general expenses 0. Fundraising expenses 0. Total expenses 221. Health services - contracted servic: Program service expenses 7,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,724. Facilities - contracted services: Program service expenses 268,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 268,439. School board - consulting fees: Program service expenses 0. Management and general expenses 26,912. Fundraising expenses 0. Total expenses 26,912. Human resources - ads & background: Program service expenses 0. Management and general expenses 539. Fundraising expenses 0. Total expenses 539. Administrative support - consulting: Program service expenses 0. Management and general expenses 60,322. Fundraising expenses 0. Total expenses 60,322. Business services - office supplies: Program service expenses 0. Management and general expenses 6,836. Fundraising expenses 0. Total expenses 6,836. Business services - indirect costs: Program service expenses 0. Management and general expenses -20,351. Fundraising expenses 0. Total expenses -20,351. Management - fees for services - ot: Program service expenses 0. Management and general expenses -87,234. Fundraising expenses 0. Total expenses -87,234.”

“The financial statements are prepared by an independent accounting firm. The statements are reviewed and approved by the board before being issued. This process was the same as last year.”

“New City School is required to have an Authorizer to monitor its operations in order to maintain its charter. New City School's approved Authorizer during the fiscal year 2022 was Novation Education Opportunities.”

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.”