Marine Area Community School

“The school does not have any committee's with authority to act on behalf of the governing body.”

“The form 990 is prepared by an independent accounting firm. Finance committee will review 990 individually and bring any concerns to finance committee. After all concerns are remedied, the entire 990 is presented to full board for consideration. Any questions/issues are handled and 990 is approved at full board meeting.”

“All fully appointed or elected board members are to disclose any potential conflicts with the board at each meeting. The board will review and determine whether a conflict actually exists, and if so the person/people involved will not be allowed to vote on the issue. This activity will be noted in the board minutes. If a conflict is discovered after the transaction has taken place, marine area community school will disclose to the commissioner of education the conflict of interest, any potential contract, lease, or purchase of service from its authorizer. Additionally, they will disclose all violations of federal criminal law involving fraud, bribery, or violations affecting school awards/grants.”

“Marine personnel committee conducts market analysis for school leadership and provides compensation competitive with like schools in nearby locations taking into account budget limitations and board policy. This was last performed in 2019.”

“The school makes its governing documents and conflict of interest policy available upon request. The financial statements are available at board meetings and upon request.”

“Educational purposes: program service expenses 186,236. Management and general expenses 0. Fundraising expenses 0. Total expenses 186,236. Consulting fees: program service expenses 44,945. Management and general expenses 34,288. Fundraising expenses 0. Total expenses 79,233. Federal subcontracts: program service expenses 31,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,096. Communication services: program service expenses 281. Management and general expenses 31,338. Fundraising expenses 0. Total expenses 31,619. Postage services: program service expenses 0. Management and general expenses 123. Fundraising expenses 0. Total expenses 123.”

“Net change in pension liability -453,871.”

“The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”

“The process has not changed from the prior year”