Border Financial Resources Inc.

“The Finance Director and Executive Director review the return first. Then it is reviewed by the Board of Directors and submitted for approval at the next meeting.”

“When a conflict of interest arises a memo of disclosure and rationale must be provided by the employee or board member. The memo is addressed to the Executive Committee, who will review it and make a recommendation to the Board of Directors. The memo must contain a description of the circumstances, the kind of assistance, source of the assistance, and availability of the product or service elsewhere, and the rationale for providing the assistance, product or service, or hiring the relative. If the potential conflict involves federal funds then the funding agency is contacted to request permission and a conflict of interest form is disclosed.”

“The Executive Director's contract is paid Comite de Bien Estar, the controlling related entity, the contract is reviewed and approved by Comite's Board of Directors using the "Rebuttable Compensation Checklist" which is submitted to the Human Resources department.”

“Other Officers and Key Employees salary is determined by the Human Resource Department's survey of comparable data, the employee's length of service, employee evaluation, and education. They are approved by the Executive Director.”

“A written request for copies must be made to the administration office of the Comite de Bien Estar.The IRS Form 990 is also available to public on Guidestar.”

“Travel & Lodging 1394.”

“Bad Debt 17102.”

“Interest Expense 2585.”

“Bank Fees 640.”

“Loan Fees 1344.”

“AR Grants 94000. 0.”

“Other Receivables 1088. 31965.”

“Note Receivable 202297. 268467.”

“Refundable Deposits 345. 345.”

“Prepaid Expenses 0. 0.”

“Other Payables 342. 0.”

“Accrued Interest Payable 123. 0.”

“Accrued Payroll & Related Taxes 1243. 1649.”

“Related Party Payable 163821. 159457.”