Exec Summary BBFA Readoption

School District of Clayton ​ For Information Only | Action Required Board of Education

Board Policy BBFA - BOARD MEMBER CONFLICT OF INTEREST AND FINANCIAL DISCLOSURE

Summary In accordance with Missouri statutes, all public entities in Missouri (School District of Clayton included) are required to re-adopt an ethics ordinance by September 15 every other year, and forward a certified copy of the ethics ordinance to the Missouri Ethics Commission within 10 days of its re-adoption.

The School District of Clayton complies with this requirement by re-adopting Policy BBFA-2 titled Board Member Conflict of Interest and Financial Disclosure. Policy BBFA-2 is presented for review and re-adoption. There are no changes to the policy.

Description of Agenda Item As the title indicates, Board Policy BBFA-2 – sets forth policy relating to conflicts of interest and financial disclosure.

A conflict of interest is generally defined as a conflict between the private interests and the official responsibilities of a person in a position of trust, and generally relates to topics such as: ●​ Employment & compensation ●​ Various business transactions ●​ Use of public funds ●​ Quid Pro Quo ●​ Nepotism

Conflicts of interest require disclosure. The need to disclose a conflict may arise anytime, and is best done in writing.

Additionally, some positions are required to file a Personal Financial Disclosure (PFD) to provide information about their financial interests. The Superintendent and Chief Financial Officer are required to file a PFD annually.

Motion To approve the re-adoption of Policy BBFA - Board Member Conflict of Interest and Financial Disclosure

Submitted by: John Brazeal, CFO