Common use of GOVERNANCE AND REPORTING 3 Clause in Contracts

GOVERNANCE AND REPORTING 3. a. Is the school complying with governance requirements?  The governing body meets membership requirements: NMSA 22-8B-4; PEC policy o Maintains at least 5 members o Complies with governance change policy o Notifies PEC of board membership changes within 30 days, with complete documentation, and o Fills all vacancies within 45 days, or 75 days, if extension is requested by school.  All members of the governing body complete all training requirements in accordance with established deadlines. (NMAC 6.80.5.8 and 9)  The school’s governing council independently oversees the school’s finances according to law  Governing council policies and procedures, minutes or other documents ensure that required financial reports are being presented to the governing council on a monthly basis  The governing council demonstrates in board meetings that it is analyzing the financial position of the school  The charter school maintains a Board of Finance or has the capabilities to have a Board of Finance, and maintained the Board of Finance during the contract term  The governing body has not received any OMA complaints (by the AG’s office) that were evaluated and found to be verified complaints of OMA violations. (NMSA 10-15-1 and 3) NO 3.b. Is the school complying with nepotism and conflict of interest requirements?  The school is free of nepotism concerns regarding the governing board and demonstrates compliance with nepotism statute and the school’s own nepotism policy, as verified through file reviews on the site visit or when otherwise necessary.  The school is free of conflict of interest concerns and demonstrates compliance with conflict of interest statute and the school’s own conflict of interest policy, as verified through site visit file reviews or when otherwise necessary. YES Topics and Indicators Criteria Statements8 Component of Site Visit Evaluation?

GOVERNANCE AND REPORTING 3. a. Is the school complying with governance requirements?  • The governing body meets membership requirements: NMSA 22-8B-4; PEC policy o Maintains at least 5 members o Complies with governance change policy o Notifies PEC of board membership changes within 30 days, with complete documentation, and o Fills all vacancies within 45 days, or 75 days, if extension is requested by school.  • All members of the governing body complete all training requirements in accordance with established deadlines. (NMAC 6.80.5.8 and 9)  • The school’s governing council independently oversees the school’s finances according to law  • Governing council policies and procedures, minutes or other documents ensure that required financial reports are being presented to the governing council on a monthly basis  • The governing council demonstrates in board meetings that it is analyzing the financial position of the school  • The charter school maintains a Board of Finance or has the capabilities to have a Board of Finance, and maintained the Board of Finance during the contract term  • The governing body has not received any OMA complaints (by the AG’s office) that were evaluated and found to be verified complaints of OMA violations. (NMSA 10-15-1 and 3) NO 3.b. Is the school complying with nepotism and conflict of interest requirements?  • The school is free of nepotism concerns regarding the governing board and demonstrates compliance with nepotism statute and the school’s own nepotism policy, as verified through file reviews on the site visit or when otherwise necessary.  • The school is free of conflict of interest concerns and demonstrates compliance with conflict of interest statute and the school’s own conflict of interest policy, as verified through site visit file reviews or when otherwise necessary. YES Topics and Indicators Criteria Statements8 Component of Site Visit Evaluation?