Bricolage Academy

“Certain governing decisions are subject to approval by opsb: changes to material terms of the operating agreement are subject to approval of the opsb. See operating agreement sections 3.2.6, 3.2.7, and 15.8.1. The following changes are also subject to opsb approval: * changes in charter school's articles of incorporation and/or bylaws that are contrary to the terms of this operating agreement; * changes in legal status of charter school; * changes in school's mission; and * changes in school location (change of site and/or adding or deleting sites). Also, material revisions to the terms of our insurance are subject to opsb approval. Operating agreement section 8.1. Finally, bricolage is subject to intervention by opsb in limited circumstances. Operating agreement section 10.6.”

“The organization's committees do not have authority to act on behalf of the governing body.”

“The director of finance, ceo, finance committee, and full board will review the return in full before filing.”

“Conflict of interest policy section 9.3 (a) duty to disclose in connection with any actual or possible conflict of interest, a director, executive officer, or member of a committee must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. (b) determining whether a conflict of interest exists a financial interest is not necessarily a conflict of interest. A person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. (c) procedures for addressing a conflict of interest i. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Ii. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. Iii. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. Iv. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. V. All such transactions or arrangements shall be reviewed by the board every six months for the duration of the transaction/arrangement.”

“A committee of independent board members determines the compensation of the ceo using comparability data. The board of directors votes on the compensation recommended by the committee. The deliberation and decision are documented in the board minutes. The ceo sets all other compensation.”

“All information is available upon request.”

“Selection of an independent accountant is handled by the entire board of directors, and oversight of the audit is done by the finance committee.”