Minnesota Legal Compliance Audit Guide for Local Government - Section 9

LEGAL COMPLIANCE MANUALCHARTER SCHOOLSIntroductionIn 2001, the Minnesota Legislature amended Minn. Stat. § 124D.10. See 2001 Minn.Law s, 1st Sp. Sess. ch. 6, art. 2, §§ 20-26. It specifically made charter schoolssubject to many statutes that apply to school districts.It also mandated that the audits of charter schools be conducted in compliance withMinn. Stat. § 6.65, which mandates legal compliance audits and the promulgation ofthis Legal Compliance Audit Guide. Minn. Stat. § 124D.10, subd. 8(i).In response to these legislative directives, this section 9 has been added to the LegalCompliance Audit Guide. Please note that charter schools must also comply with theUniform Financial Account ing and Report ing St andards (UFARS) for Minnesot a schools.See section 8.11/03 9-1Minn. Stat. Yes No WorkpaperSection CHARTER SCHOOLS ReferencePart I. Conflicts of Interest - Charter School Specific Provisions§ 124D.10, - A member of a charter school board of directors is prohibitedsubd. 3a from serving as a member of the board of directors or as anemployee or agent of or a contractor w ith a for-profit entitywith whom the charter school contracts, directly or indirectly,for professional services, goods, or facilities.- The conflict of interest provisions under Minn. Stat.§ 124D.10, subd. 3a, do not apply to compensation paid to ateacher employed by the charter school who also serves as amember of the board of directors.- The conflict of interest ...