Montclair Ambulance Unit

“The 990 is prepared by an outside tax preparer with the assistance from the board treasurer.”

“Employees of mau must conduct business according to the highest ethical standards of public service. Employees are expected to devote their best efforts to the interests of mau. Violations of this policy will result in appropriate disciplinary actions including termination. A potential or actual conflict of interest occurs whenever an employee including a mau official is in a position to influence a mau decision that may result in a personal gain for the employee or an immediate relative including a spouse or significant other, child, parent, stepchild, sibling, grandparents, daughter-in-law, son-in-law, grandchildren, niece, nephew, uncle, aunt, or any person related by blood or marriage residing in an employee's household. Employees are required to disclose possible conflicts so that mau may assess and prevent such conflicts. If there are any questions whether an action or proposed course of conduct would create a conflict of interest, immediately contact administration who will immediately contact legal counsel appointed by the board to obtain clarification.”

“The compensation of executive director and organization employees are determined by the board president and trustees. Compensation based on overall review and performance.”

“The form 990 is available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, governing documents and conflict of interest policy are also available upon written request.”

“The financial statements have been prepared on a modified cash basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the unites states of america ("u.s. Gaap"). Consequently, certain revenue is recognized when received rather than when earned, and certain expenses are recognized when paid rather than when the obligation is incurred. Mau modifies the cash basis of accounting by capitalizing and subsequently depreciating expenditures for property and equipment and reporting long-term debt as a liability.”

“The organizations finance committee assumes responsibility for oversight of the audit and selection of an independent accountant. This process has not changed from the prior year.”