El Rio Community School

“The charter's authorizer, los angeles unified school district, has the ability to appoint a member to the board as required by california education code. However, the charter's authorizer does not exercise this option.”

“The organization does not have a committee with the authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review prior to submitting to the irs.”

“Board members annually fill out a form 700 which is collected and reviewed. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. Contemporaneous documentation is also maintained. The process described here was last completed in 2024.”

“All governing documents including conflict of interest policy are available upon request.”

“Special education services: program service expenses 256,518. Management and general expenses 0. Fundraising expenses 0. Total expenses 256,518. All other consultants & services: program service expenses 0. Management and general expenses 220,241. Fundraising expenses 0. Total expenses 220,241. Other fees for services: program service expenses 223,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 223,285.”

“The auditor selection and oversight process is handled by the board, who periodically receive rfas from various audit firms, then make a selection by board vote, with input from the finance committee. The board then reviews the audit and any exceptions annually prior to submission. The board accepts the audit no later than january each year for the prior fiscal year. The process for oversight and selection of an independent accountant has not changed from the prior year.”