Launch Expeditionary Learning Charter School

“THE GOVERNING DOCUMENTS WERE CHANGED IN DECEMBER 2016. THE FOLLOWING CHANGES WERE MADE: - Added language subjecting the Board to the provisions of the Open Meeting Law and the General Municipal Law of the State of New York. - Removed a provision allowing the Board the raise money from private sources because this is no longer allowable. - Removed the Executive Committee as a standing committee of the Board. We discussed this at the offsite. Executive committees are not a requirement for school boards but if they exist, they must have at least 5 members which would require a majority of our Board to also sit on the Executive Committee.”

“Form 990 is reviewed by management and the finance committee of the board of Trustees for approval. If changes are required the school will then forward to the auditing firm and a final version will be distributed to all board members prior to irs submission.”

“The School shares its conflict of interest policy with board members and officers as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE GOVERNING BOARD'S DECISION AS TO WHETHER A POTENTIAL CONFLICT OF INTEREST EXISTS IS DOCUMENTED IN THE MINUTES OF THE BOARD.”

“THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR: - The Personnel Committee (PC) reviews previously determined goals and metrics achieved by the EXECUTIVE DIRECTOR - The PERSONAL COMMITTEE interviews the EXECUTIVE DIRECTOR - The PERSONAL COMMITTEE reviews comparative EXECUTIVE DIRECTOR compensation data for the charter school sector - The PERSONAL COMMITTEE writes a memo detailing the ways in which the EXECUTIVE DIRECTOR has met or not met expectations and provides a rating of Not Met, Met, or Exceeded expectations - The PERSONAL COMMITTEE presents the memo to the full board for discussion and a vote - The full board votes on the budget, including EXECUTIVE DIRECTOR compensation. This process was last completed in 2017 for the 2016 school year.”

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

“Loss on disposal of assets -7,759.”

“The school has a finance committee that is responsible for oversight of the audit and selection of the independent auditor.”