Tracy Learning Center-Discovery Charter School

“The board may appoint an executive committee and one or more other committees each consisting of two (2) or more directors to serve at the pleasure of the board, and delegate to such committee any of the authority of the board, except with respect to: a. The filling of vacancies on the board or on any committee which has the authority of the board; b. The fixing of compensation of the directors for serving on the board or on any committee; c. The amendment or repeal of bylaws or the adoption of new bylaws; d. The amendment or repeal of any resolution of the board which by its express terms is not so amendable or repealable; e. The appointment of other committees having the authority of the board; f. The expenditure of corporate funds to support a nominee for director after there are more people nominated for director than can be elected; or g. The approval of any self-dealing transaction as such transactions are defined in section 5233(a) of the california nonprofit public benefit corporation law, except as permitted under section 23 of this article. Any such committee must be created, and the members thereof appointed, by resolution adopted by a majority of the number of directors then in office, and any such committee may be designated as an executive committee or by such other name as the board shall specify. The board may appoint, in the same manner, alternate members to a committee who may replace any absent member at any meeting of the committee. The board shall have the power to prescribe the manner in which proceedings of any such committee shall be conducted. In the absence of any such prescription, such committee shall have the power to prescribe the manner in which its proceedings shall be conducted. Unless the board, such committee, or these bylaws shall otherwise provide, the regular and special meetings and other actions of any such committee shall be governed by the provisions of this article iv applicable to meetings and actions of the board. Minutes shall be kept of each meeting of each committee.”

“The 990 return is initially reviewed by the board prior to filing the return.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the 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. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists.”

“The board evaluates the executive director, and decides on compensation.”

“The school provides its governing documents, conflict of interest policy and financial statements to the public upon request.”

“Administrative fees-investment: program service expenses 9,895. Management and general expenses 324. Fundraising expenses 0. Total expenses 10,219. Event rentals: program service expenses 31,059. Management and general expenses 1,018. Fundraising expenses 0. Total expenses 32,077. Oth svcs/op exp-athletic fees: program service expenses 58,854. Management and general expenses 1,929. Fundraising expenses 0. Total expenses 60,783. Oth svcs/op exp-bank charges: program service expenses 3,858. Management and general expenses 126. Fundraising expenses 0. Total expenses 3,984. Oth svcs/op exp-instr-lcap: program service expenses 643. Management and general expenses 22. Fundraising expenses 0. Total expenses 665. Oth svcs/op exp-instruction: program service expenses 129,665. Management and general expenses 4,250. Fundraising expenses 0. Total expenses 133,915. Oth svcs/operating exp-college: program service expenses 2,607. Management and general expenses 85. Fundraising expenses 0. Total expenses 2,692. Other svcs/operating expenses: program service expenses 15,747. Management and general expenses 516. Fundraising expenses 0. Total expenses 16,263. Other svcs/operating exp-tk: program service expenses 523. Management and general expenses 17. Fundraising expenses 0. Total expenses 540. Payroll processing expense: program service expenses 14,884. Management and general expenses 488. Fundraising expenses 0. Total expenses 15,372. Sped encroachment: program service expenses 564,335. Management and general expenses 18,495. Fundraising expenses 0. Total expenses 582,830. Storage rental: program service expenses 2,631. Management and general expenses 86. Fundraising expenses 0. Total expenses 2,717. Subagreements for svcs-prop 39: program service expenses 591,284. Management and general expenses 19,378. Fundraising expenses 0. Total expenses 610,662.”