FORM 990, PART VI, SECTION A, LINE 3 |
PRAXEIS, LLC IS ENGAGED IN PROVIDING CONSULTING, MARKETING AND MANAGEMENT SERVICES TO THE COMMUNITY. THE CEO AND CFO LISTED ON PART VII, SECTION A ARE EMPLOYEES OF THE MANAGEMENT COMPANY. THE CEO RECEIVED $165,557 IN COMPENSATION FOR WHICH THE MANAGEMENT COMPANY IS REIMBURSED BY OAK HAMMOCK. THE CFO'S SERVICES ARE PART OF THE MANAGEMENT FEE AND ARE NOT REIMBURSED BY OAK HAMMOCK. |
FORM 990, PART VI, SECTION B, LINE 11 |
A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO BEING FORWARDED TO THE FULL BOARD. THE BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE FORM PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD MEMBERS ANNUALLY SIGN CONFLICT OF INTEREST AFFIDAVITS. AT THE BEGINNING OF EVERY YEAR, AN AFFIDAVIT IS FORWARDED TO EACH OFFICER, DIRECTOR OR BOARD MEMBER ALONG WITH THE CONFLICT OF INTEREST PORTION OF THE BYLAWS IN WHICH THEY SIGN AND VERIFY THAT NO CONFLICT OF INTEREST EXISTS OR STATE WHAT THE CONFLICT IS. WHEN AN ISSUE ARISES IN A BOARD MEETING THAT REQUIRES A VOTE, AND IF ANY OF THE DIRECTORS HAS A CONFLICT OF INTEREST ON THAT ISSUE, THEY WILL ABSTAIN FROM VOTING DUE TO THEIR CONFLICT. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART XI, LINE 9: |
CHANGE IN INTEREST RATE SWAP CONTRACTS 3,296,817. |
FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT |
THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE FINANCE COMMITTEE'S OVERSIGHT AND SELECTION PROCESS IS SUBJECT TO THE BOARD OF DIRECTOR'S APPROVAL. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |