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PART VI LINE 11A & B FORM 990 IS SHARED BETWEEN THE EXECUTIVE DIRECTOR, |
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TREASURER, BUSINESS MANAGER AND OUTSIDE AUDITOR. IT IS ALSO PROVIDED TO |
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THE BOARD OF DIRECTORS EITHER AT A BOARD MEETING OR A SCANNED COPY IS |
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EMAILED OR DELIVERED TO BOARD MEMBERS. |
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PART VI LINE 12C THE EXECUTIVE DIRECTOR AND BUSINESS MANAGER MEET WITH |
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THE OUTSIDE AUDITOR TO REVIEW INTERNAL CONTROLS, PROTECTION |
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PROCEDURES AGAINST FRAUD, CONFLICT OF INTEREST AND REVIEW THE |
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FINANCIAL STATEMENTS. THE OUTSIDE AUDITOR ALSO MEETS WITH THE BOARD OF |
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DIRECTORS TO REVIEW THE AUDITED FINANCIAL STATEMENTS. THE AGENCY HAS |
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A CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH THE BOARD OF |
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|
DIRECTORS FILL OUT ANNUALLY. ANY MEMBER OF THE BOARD OF DIRECTORS THAT |
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|
HAS A CONFLICT OF INTEREST ON ANY MATTER TO BE VOTED ON BY THE BOARD |
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|
EXCLUDES THEMSELVES FROM THAT VOTE. THIS IS MONITORED BY THE PRESIDING |
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|
OFFICER AT BOARD MEETINGS AND BY THE EXECUTIVE DIRECTOR DURING THE |
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|
ORDINARY COURSE OF BUSINESS. IN THE AGENCY'S HANDBOOK THE NEPOTISM AND |
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CONFLICT OF INTEREST POLICY'S ARE LISTED. |
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|
PART VI LINE 15A BOARD HAS A SALARY REVIEW SUBCOMMITTEE TO DETERMINE |
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|
THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR. THEY MEET WITH THE |
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|
EXECUTIVE DIRECTOR TO REVIEW HER PERFORMANCE. THE BOARD IS MADE UP OF |
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|
FINANCIAL, BUSINESS AND EDUCATIONAL LEADERS IN THE CITY. OFFICERS OF |
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|
THE BOARD ARE NOT COMPENSATED FOR THEIR POSITION NOR ARE ANY MEMBER |
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|
OF THE BOARD OF DIRECTORS. |
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|
PART VI LINE 15B THE EXECUTIVE DIRECTOR IS CHARGED BY THE BOARD OF |
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|
DIRECTORS TO REVIEW EACH MEMBER OF THE ADMINISTRATION TEAM AT THE |
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|
END OF EACH CONTRACTUAL PERIOD BEFORE A LETTER OF INTENT TO |
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|
CONTINUE EMPLOYMENT IS ISSUED. ALL SALARIES ARE INCLUDED IN THE |
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|
ANNUAL BUDGET WHICH IS VOTED ON AND APPROVED BY A MAJORITY OF THE |
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|
BOARD OF DIRECTORS. |
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|
PART VI SECTION C LINE 19 FORM 990 IS POSTED ON THE MASSACHUSETTS |
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|
SECRETARY OF STATE'S WEBSITE FOR THE PUBLIC TO REVIEW AS WELL AS |
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|
REVIEWED BY THE BOARD OF DIRECTORS. THE FINANCIAL STATEMENTS AND A |
|
|
RUNNING LEDGER OF ACTUAL VS BUDGETED INCOME AND EXPENSES ARE |
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|
REVIEWED AND VOTED ON AT A MEETING OF THE BOARD OF DIRECTORS. THE |
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|
OUTSIDE AUDITOR ATTENDS A BOARD MEETING TO DISCUSS THE AGENCY'S |
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|
FINANCIAL STATEMENTS AND ANSWERS ANY QUESTIONS BOARD MEMBERS HAVE. |
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|
THE AGENCY WELCOMES TRANSPARENCY AND FORM 990, THE CORPORATIONS |
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|
GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS PROVIDED TO |
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ANYONE WHO REQUESTS TO REVIEW IT. THE CONFLICT OF INTEREST POLICY IS |
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ALSO IN THE AGENCY'S HANDBOOK. |