Cedar Rapids Community School District Foundation

“The board of trustees has commissioned the operations committee which included the officers of the board of directors to review and approve form 990 prior to filing. Copies of form 990 are also shared with the board of trustees for approval.”

“Full disclosure, by notice in writing, shall be made by the interested par ties to the full board of trustees in all conflicts of interest. Followin g such disclosures, the board of trustees shall determine if a conflict of interest exists, and if so, vote to authorize or reject the transaction o r take any other action deemed necessary to address the conflict and protect the agency's best interest. A board member or committee member who is formally considering employment with the crcsdf must take a temporary leave of absence must be in writing and submitted to the board of trustees for consideration and formal action. An interested board member, officer, or staff member shall not participate in any discussion or debate of the board of trustees, or any committee, subcommittee thereof in which the subject of the discussion is a contract, transaction or situation in which there may be a perceived or actual conflict of interest. However, such interested party may be present to provide clarifying information in such discussion or debate unless objected to by any present board committee member. Anyone in a position to make decisions about spending crcsdf resources, who stands to benefit from that decision, has a duty to disclose that conflict as soon as it arises or becomes apparent. Such person should not participate in any decisions regarding such transactions. Any conflicts of interest will be noted in the minutes of the meetings.”

“All governing documents, conflict of interest policy statements, financial statements are available upon request.”

“School project grants are provided to schools for large capital projects that are not in the crcsd budget.”