Saint Paul Conservatory for Performing Artists

“The executive committee is comprised of the president and other directors appointed by the board of directors. The committee may act during intervals between meetings of the board of directors. During such intervals and subject to the board's control and direction, the executive committee shall have and may exercise all the authority and powers of the board of directors subject to such limitations as the board may impose from time to time. Unless specifically authorized by the board of directors by resolution approved by the affirmative vote of a majority of the directors, the executive committee shall not have the authority and power to elect officers, to amend the articles of incorporation, to adopt a plan of merger or consolidation, to authorize the sale, encumbrance or disposition of all or substantially all of the property and assets of the corporation, to authorize a voluntary dissolution of the corporation or a revocation thereof, or to amend these bylaws.”

“As per mn statute 124e.07, staff members employed at the school, including teachers providing instruction under a contract, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the school's board of directors.”

“The public disclosure copy of the 990 is reviewed and approved by the board executive committee prior to filing.”

“All directors are required to annually sign a conflict of interest disclosure statement.”

“Compensation for the executive director is determined by examining the pay of similar positions in both traditional and non-traditional public schools. Executive director compensation is approved by the board as part of the annual budget approval process. Compensation of all other employees is determined by the executive director. Compensation is also reviewed by our finance committee. This committee does not have any executive authority and is designed to provide support to school administration and the board.”

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

“Per mn statute 124e.07, charter schools are required to have a licensed teacher and a parent as members of the board of directors. Dustin haug is a board member but received compensation for his services as a teacher.”

“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”

“Gasb 68 - pension adjustment 289,339.”