High Point Academy

“No committees with authority to act on behalf of the board.”

“A copy of the Form 990 is given to all board members for their review prior to filing.”

“Members of the governing board are required to disclose any conflict of interest prior to any vote by the board involving a company or employee that the board member would have a conflict of interest. The board member is then required to abstain from the discussion and vote.”

“Annual salary surveys are obtained from the surrounding schools for similar positions. These comparisons are given to the board prior to making employment offers to the key employees.”

“The executive director makes the school's governing documents, conflict of interest policy, and financial information available to the public upon request.”

“To provide a strong foundation of academic excellence in partnership with family and community in which each individual is challenged to achieve his/her highest potential academically, socially & personally by operating a pre-k through 8th grade character school.”

“To provide a strong foundation of academic excellence in partnership with family and community in which each individual is challenged to achieve his/her highest potential academically, socially & personally by operating a pre-k through 8th grade charter school.”

“The school is a participant in the State's public pension plan (PERA) and began reporting a portion of the State's unfunded net pension liability following Governmental Accounting Standards Board Statement (GASB) No. 68 Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27 in fiscal year 2015. The School also participates in the State's Postemployment Healthcare Benefit Plan per GASB Statement 75. As a result of these GASB statements, the school records an expense in its Government Wide financial reports each year that swings widely from year to year based on future investment return assumptions, participation and other projections made by PERA's actuaries. Due to the unpredictable and uncontrollable nature of these swings, and that the liability is not a true liability of the school, these State driven accruals are reported as Other in Part IX to allow the reader to track the impact of these accruals separately and to remain consistent with historical reporting.”

“The board of directors assumes responsibility for the oversight of the audit and selection of an independent accountant. This has not changed from prior years.”