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Wentzville board narrows financial-disclosure thresholds, adds CFO to filing list
Summary
After hours of debate, the Wentzville School District Board approved revisions to board policy 0342 to add the chief financial officer to required financial disclosures and to set a lower dollar threshold for reportable income sources.
The Wentzville School District Board of Education on Aug. 21 approved revisions to board policy 0342 that add the district chief financial officer to a short list of administrators required to file annual financial-disclosure statements and that set the board’s internal reportable threshold at $100 for certain disclosures. Board legal staff and several board members spent more than an hour debating the appropriate dollar threshold for what income must be reported and how the district’s rule should relate to state statutory minimums. The board’s legal…
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