Orenda Education

“The federal form 990 was prepared by randy walker & co. A copy of the federal form 990 was presented to orenda charter school for approval. After approval, the form was submitted to the internal revenue service.”

“The conflict of interest policy is monitored and enforced through the annual completion of a conflict of interest form.”

“The process includes comparability data by reviewing education service center region 12 texas district salary and compensation surveys and comparing salary scales of surrounding school districts as well as texas workforce commission salary guidelines.”

“Financial statements are posted on our district website. Documents and policies are available upon request.”

“Orenda education 2951 williams drive georgetown, tx 78628 employer identification number: 74-2774612 for the year ending august 31, 2015 orenda education is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“The charter holder's obligations under bonds payable include taxable education revenue bonds (series 2011q) and education revenue bonds (series 2011a) issued through the texas public finance authority charter school finance corporation, and taxable education revenue bonds (series 2011b) issued through the newark cultural education facilities finance corporation. These bonds are dated december 1, 2011. The series 2011q and a bonds closed and funded on december 1, 2011, and the series 2011b bonds closed and funded on december 15, 2011, with all proceeds being held by the bank of texas. The bonds' proceeds will be used for property acquisition and construction at the gateway college preparatory campus and were underwritten by piper jaffray & co. The interest rates on the bonds range from 7.25% to 8%, and the terms of the bonds range from nine to thirty years. The charter holder's bond obligations also include taxable education revenue bonds (series 2013b) and education revenue bonds (series 2013a) issued through the arlington higher education finance corporation. These bonds closed and funded on october 16, 2013, with all proceeds being held by regions corporate trust. The bonds' proceeds will be used for expansion of the gateway college preparatory campus and were underwritten by regions corporate trust. The interest rates on the series 2013a and series 2013b bonds are 2.58% and 3.87%, respectively, and the terms of the bonds are three years. In august 2015, the series 2013a and series 2013b bonds were refinanced through an issuance of education revenue refunding bonds (series 2015a) and taxable education revenue refunding bonds (series 2015b) issued through the newark higher education finance corporation. These bonds closed and funded on august 20, 2015, with all proceeds being held by bank of texas. The bonds' proceeds will be used for expansion of the gateway college preparatory campus, and a portion has been restricted by the charter holder to pay off the series 2011a bond in 2021 (see note 1). The bonds were underwritten by oppenheimer & co. The interest rates on the bonds range from 1% to 4%, and the terms of the bonds range from four to twenty-nine years.”

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”