Riverfront Recapture Inc.

“Several entities appoint ex-officio members to the Board. These entities include the City of Hartford, Town of East Hartford, Town of Windsor, the Metropolitan District, and the Capitol Region Council of Governments.”

“The Finance & Human Resources Committee has been delegated the authority to review the 990 on behalf of the Board. Once it is prepared by the Finance Director, it is reviewed by the auditors. The Finance & Human Resources Committee will then meet to review the form in detail and accept responsibility for approving it for filing. The Form 990 is then e-filed and a copy is disseminated to the full Board and posted on the website, www.riverfront.org, for public inspection.”

“All voting Board members obtain a copy of the conflict of interest policy each April and must complete an annual Affirmation of Compliance and Disclosure Statement to evidence compliance with the policy and to fully disclose the material facts about any actual or potential conflicts of interest as described in the policy. The statements shall be reviewed by Riverfront's Chair of the Governance Committee and the President & CEO, who will report any potential conflicts to the Executive Committee. The Secretary will file copies of all the statements with the official corporate records.”

“The Executive Committee reviews the President & CEO's performance based on goals that were set for the previous year and determines the compensation on an annual basis. The Committee then meets with the President & CEO to review performance and set goals for the coming year. The President & CEO is responsible for reviewing the remainder of the staff and sets compensation rates within budget guidelines.”

“The public may inspect the Form 990 and audited financial statements online at www.riverfront.org. Other governing documents are available upon request.”

“Additions to land value for property held by separate, controlled entity, Riverfront Land, Inc. Expenses of $15,484 were paid by Riverfront Recapture, Inc.”

“The Audit Committee oversees the audit process, beginning with the annual appointment of an independent accounting firm. Prior to the audit, the Committee calls a meeting with the auditors to discuss the audit approach and follows up to review the completed financial statements that are then presented to the full Board. If at any point the organization determines that a change in accounting firms is necessary, the Audit Committee is responsible for leading the search.”