Special Education Service Agency a Public Agency

“Upon completion by a cpa firm, form 990 is first reviewed by an accounting consultant and then by the executive director. Any questions or necessary revisions are addressed during this review process. The executive director then approves and signs the final version before it is filed.”

“Lines of authority and responsibility are clearly defined by the organization chart. Key managers are in-serviced each year with the lines of supervision explained and then periodically contacted to ensure all lines of communication are understood, responsibilities are reemphasized. If a conflict of interest is apparent, anyone can contact their immediate supervisor, the executive director, or the board of directors whichever they feel more comfortable doing.”

“The board of directors review, discuss and approve the executive director's salary. The salaries of administrative key employees are based on salary schedules that were initiated from the research of competitive salaries within the region and put together by alaska education & business services and the executive director. The salaries of other key employees who are not administrators are based on salary schedules that are approved during negotiations between the union of special education service employees and special education service agency, and ultimately the agreement is approved by the board of directors.”

“The board policy manual, financial statements, and other policies are available upon request. Financial statements are distributed to all board members upon completion of every yearly audit.”

“The Agency participates in the Alaska Public Employees' Retirement System (PERS) plan and the Teachers' Retirement System (TRS) plan. In 2018, the Agency adopted the provisions of GASB Statement No. 75 Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, which, among other accounting and reporting criteria, requires the Agency to recognize its proportional share of the Net OPEB Liability (and related deferred inflow/outflow accounts), as of the beginning of the Agency's fiscal year. As a result of the implementation of this statement, the Agency has recorded an opening balance adjustment of -$254,880 and subsequently restated the opening net position as $427,161.”

“- excess of capital outlays over depreciation expense -13,358 - change of unused defined contribution pension forfeitures 73,335 - changes in net pension liability account 32,628 -------- - net change in fund balances -92,605”