| FORM 990, PART VI, SECTION A, LINE 4 |
THE ORGANIZATION'S BYLAWS NOW REQUIRE THAT THE ORGANIZATION'S BOARD MEMBERS BE THE SAME INDIVIDUALS THAT SERVE AS MEMBERS OF THE SHANDS BOARD. THE ORGANIZATION'S ARTICLES AND BYLAWS WERE ALSO CHANGED TO MORE ALIGN WITH THE WAY THAT THE SHANDS BOARD OPERATES, SUCH AS THE TIMING OF BOARD MEETINGS, DETERMINATION OF VARIOUS COMMITTEE CHAIRS, AND THE AUTHORITY OF THE QUALITY COMMITTEE. CENTRAL FLORIDA HEALTH, INC., A FLORIDA NOT FOR PROFIT CORPORATION, REMAINS THE SOLE MEMBER OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 |
CENTRAL FLORIDA HEALTH IS THE SOLE MEMBER OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE MEMBERS OF THE ORGANIZATION'S BOARD SHALL BE THOSE SAME INDIVIDUALS WHO ARE SERVING, AT SUCH GIVEN TIME, AS MEMBERS OF THE BOARD OF DIRECTORS OF SHANDS TEACHING HOSPITAL AND CLINICS, INC., A RELATED FLORIDA NOT FOR PROFIT CORPORATION, UNLESS OTHERWISE DETERMINED BY THE UNIVERSITY OF FLORIDA PRESIDENT PURSUANT TO SECTION 1004.41 OF THE FLORIDA STATUTES. |
| FORM 990, PART VI, SECTION B, LINE 11B |
A COMPLETE COPY OF THE FORM 990 WAS SENT TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING THE FORM. A PRESENTATION REGARDING THE FORM 990 WAS ALSO MADE TO THE ADVISORY BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C |
THE ORGANIZATION HAS ESTABLISHED A CONFLICT OF INTEREST POLICY WHICH HAS BEEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION'S POLICY REQUIRES CERTAIN INDIVIDUALS TO DISCLOSE PARTICIPATION IN ACTIVITIES OR CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST ON AN ANNUAL BASIS OR IF AT ANY TIME SUCH INDIVIDUAL BECOMES AWARE OF CIRCUMSTANCES THAT MAY PRESENT A CONFLICT OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE VP GENERAL COUNSEL AND CORPORATE COMPLIANCE DEPARTMENT WHO NOTIFY THE BOARD IF ANY CONCERNS ARISE. INDIVIDUALS COVERED BY THE CONFLICT OF INTEREST POLICY MUST ABSTAIN FROM DELIBERATIONS AND VOTING WITH RESPECT TO TRANSACTIONS WHEREIN A CONFLICT IS DEEMED TO EXIST. |
| FORM 990, PART VI, SECTION B, LINE 15 |
MANAGEMENT ENGAGES AN INDEPENDENT FIRM ENGAGED IN THE DEVELOPMENT OF COMPENSATION SURVEYS ON EXECUTIVE PAY LEVELS ACROSS DIFFERENT INDUSTRIES PROVIDES COMPETITIVE DATA AND GUIDANCE ON DETERMINING APPROPRIATE AND REASONABLE RANGES AND SALARIES. THE THIRD PARTY WILL PROVIDE RECOMMENDED INCENTIVE COMPENSATION RANGES TO ENSURE TOTAL COMPENSATION IS ALSO REASONABLE AND WILL PERIODICALLY REVIEW ALL OTHER ASPECTS OF COMPENSATION INCLUDING ALL ELEMENTS OF SUPPLEMENTAL BENEFITS TO ENSURE THEY COMPARE WITH COMPETITIVE AND REASONABLE TOTAL REMUNERATION LEVELS. ALL EXECUTIVE, OFFICER, AND KEY EMPLOYEE POSITIONS ARE REVIEWED ANNUALLY TO ENSURE SALARY SCALES ARE IN LINE WITH COMPARABLE POSITIONS IN SIMILAR INSTITUTIONS BY AN INDEPENDENT FIRM. |
| FORM 990, PART VI, SECTION C, LINE 19 |
GENERALLY, THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. HOWEVER, THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE PUBLICLY AVAILABLE THROUGH FLORIDA'S SECRETARY OF STATE WEBSITE WWW.SUNBIZ.COM. |
| FORM 990, PART XI, LINE 9: |
WRITE OFF DEFERRED LOAN COSTS -796,499. DEFERRED OUTFLOWS - REFUNDING 349,366. DEFERRED OUTFLOWS - REFUNDING 6,772,197. OTHER CHANGES IN NET ASSETS 182,710. |
Attach to Form 990 or 990-EZ.