Lefthand Watershed Oversight Group

“No committees have the authority to act on behalf of the board.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. The draft of the form is then provided to the organization's executive director for review. Any changes to the document are incorporated into the filing before the return is then provided to the finance committee for review prior to filing.”

“The conflict of interest policy statement is made available to each voting member of the governing board, officers, and employees. All sign a statement of understanding concerning reporting of potential conflicts of interest. Each voting member of the governing board, officers, and employees are also required to complete a separate conflict of interest questionnaire on an annual basis. If a conflict of interest is disclosed, all material facts are presented, and after any discussions with the interested person, the remaining directors, officers, key employees or committee members, in the absence of the interested party, decide if a conflict of interest exists. A written record on any reported of possible conflict and of any adjustments made to avoid possible conflicts of interest are kept by the board president and key staff. Minutes of the governing board and all committees with board delegated powers should contain situations with possible conflicts of interest and the board's or committee's decision on the existence of the conflict of interest.”

“The hiring committee determines the compensation for the executive director/watershed coordinator. The hiring committee is made up of the board president, board vice-president and board treasurer. The minutes refer to entering into an executive session for personnel performance review, but details of the discussion are not provided in the minutes. The salary range was developed based on a combination of the requirements of the position; level of experience, education and performance of the executive director; ability to pay. A copy of the 2019 colorado nonprofit salary & benefits survey, provided by the colorado nonprofit association was also considered. This was most recently completed in 2019.”

“Financial statements are included in the monthly board packets, which are on the organization's website. The bylaws are also available on the organization's website. All other documents are available upon request.”

“Consulting services: program service expenses 553,967. Management and general expenses 0. Fundraising expenses 0. Total expenses 553,967.”

“The process for overseeing and selecting a accountant has not changed from the prior year.”