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Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
Nevada County Grand Jury
• 2017-2018
• Agency Response
Twin Ridges Home Study Charter School 111 New Mohawk Road
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Recommendations 3
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R3Page 49For the purpose of transparency and easy access, each agency should provide links to three years of audited financialsfafemenfs and summary pension data for the same period on the financial page of its public website. We agree that in the name of transparency, these financial documents should be made available to the public. Our last three years of audited financial documents can be found within the district's Audited Annual Financial report and we will post the past three years on our website. Summarized pension data is included with the audited financial statements. We will make it a top priority moving fonvard to work with the Nevada County Superintendent of Schools to post these documents individually for Twin Ridges 46 Home Study Charter on our site. -https ://www.twi nridgeshomestudy.org/school-docu ments-and-plans/
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R4Page 50Public agencies should consider implementing the suggesfions form the League of California Cifres. From Scott Lay, Superintendent of Schools: This report is not applicable to the LEA's in Nevada County. LEA's are however, planning for many years of increased contributions to CaIPERS and CaISTRS. Each agency, including the NCSOS will decrease other areas of spending to incorporate these additional costs into the budget as there are no increases to revenue anticipated to fund these cost increases.
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R6Page 50Nevada County Superintendent of Schoo/s should report fhe Nef Pension Liability for charter schoo/s that are part of its agency's audit. From Scott Lay, Superintendent of Schools: Because the charters schools that report under the NCSOS financials are considered to be part of the organization for audit purposes, the cost to split out each LEA's portion of the unfunded liability may not be practical. The Net Pension Liability that is reported under the NCSOS annual audit does include each charter schools portion. We will explore the possibility of projecting and reporting each agencies portion of the liability separately with our external auditor. Sincerely, Kelley Soper, Director Twin Ridges Home Study Charter School 47