Southwestern Ct Agency on Aging Inc

“Swcaa reviews the form 990, which is prepared by an outside accounting firm. After the form 990 has been prepared, it is presented to and reviewed by the finance & audit committee. Changes, edits or concerns are didcussed at the finance committee meetign with members of the audit firm available during the meeting to discuss. After the draft is approved by the finance committee, a copy is presented by the finance chair to the board for approval. The board receives the draft one week before the finance chair's presentation. The board discusses/edits and approves the 990. The audit firm then submits it to the internal revenue service.”

“All board members and staff members will be asked to sign an annual declaratory statement which discloses employment or participation in all other organizations, boards and commissions on which they currently serve. A signature acknowledging receipt of and acceptance of the ethics policy is also required and declares their intent to avoid participation in discussion or in voting on any issue affecting one of those boards or commissions or that does not serve the best interest of the southwestern ct agency on aging. Board members, employees and officers of private agencies or other community agencies or of any municipal or government body may serve on the board of directors; but may not vote or participate in discussion of matters related to the financial or contractual affairs of their agency or body. All votes taken by the board members are reviewed and anyone having a potential conflict of interest is recused.”

“President/ceo compensation - the president/ceo received the same cost of living increase as all other staff members. The cost-of-living increase is recommended by the finance committee and voted on as part of the board's budget approval process in september of each year for the fiscal year beginning october 1. The executive director's compensation was evaluated with members of the personnel committee reviewing comparability data from other area agencies on aging and nonprofit leader salaries. A formal recommendation went from the personnel committee to the finance committee and was approved by the full board. This approval is documented in a personnel memo from the board chair and the board's approval is documented in the board minutes. Director of care management, operations director, and community options director - salaries were established upon hire based on comparability data and historical salary data. In subsequent years, these positions received the same cost of living increase as all other staff members. The cost-of-living increase is recommended by the finance committee and voted on as part of the board's budget approval process in september of each year for the fiscal year beginning october 1.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Financial statements are also posted on the guidestar.”

“The organization has a finance & audit committee that is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”