Return Reference | Explanation |
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Pt VI, Line 12c | The board of the Charter School adheres to its adopted conflict of interest policy. |
Pt VI, Line 15a | The board reviews and approves all employees salaries including those of management staff. |
Pt VI, Line 15b | The board reviews and approves all employees salaries including those of management staff. |
Pt VI, Line 19 | All governing documents, conflict of interest policy and financial statements are available to the public upon request. |
Pt VI, Line 11b | Form 990s are reviewed by all board members of the Charter School and must be approved at a board meeting before filing with the IRS. |
Pt XII, Line 2c | The selection of the independent auditor must be approved by the board of the Charter School. Also the annual audited financial statements are presented to, reviwed and approved by the entire board. |
Pt VI, Line 2 | Three members of the Board of Trustees are former employees of New Jersey Community Development Corporation(NJCDC). NJCDC is the founding entity of the Charter School. These members recuse themselves from all transactions between the Charter School and NJCDC. |
Other | SCHEDULE L, PART IV, LINE 1 - New Jersey Community Development Corporation (NJCDC) is the founding entity of the Community Charter School of Paterson (the "Charter School"). NJCDC is a recognized IRS Code Section 501(c)(3) nonprofit organization. By its State approved charter, 3 of the 7 trustees of the Charter School are affiliated with NJDCDC. The Charter School leases its facilities from NJCDC. NJCDC affiliated trustees are prohibited from voting on or discussing issues related to the leases, including lease payments. All lease related expenses are separated from the monthly bill list and voted on separately. |
Other | PART XI, LINE 9 - RECONCILIATION OF NET ASSETS - $499,298. This amount represents partly a prior year's adjustment due to a reconciliation for GASB 68 - Pension. |
Software ID: | 21013422 |
Software Version: |