Kairos Public School Vacaville

“There are no committees with authority to act on behalf of the governing board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The organization utilizes a formal, annual process to establish compensation for all certificated, classified, and administrative positions, including officers and key employees. An annual compensation analysis is conducted by the fiscal team using comparable salary data from similarly situated charter schools, neighboring school districts, and the organization's authorizing district. Compensation recommendations resulting from this analysis are reviewed by the fiscal committee and submitted to the independent board of directors for approval. All positions, except the ceo/superintendent, are compensated pursuant to board-approved salary schedules. The ceo/superintendent's compensation is established through a separately conducted salary study and is set forth in a board-approved employment contract following the same review and approval process. The organization maintains contemporaneous documentation of the compensation analysis, committee review, and board approval, including reports, meeting minutes, approved salary schedules, and contracts. This process was most recently completed in fy 24-25.”

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

“The process for oversight and selection of an independent accountant has not changed from the prior year.”