Lycoming County Library System Board

“The bylaws were amended to add article ix on dissolution as follows: upon the dissolution of the corporation or the organization, the board of directors or governing staff shall, after paying or making provision for the payment of all the liabilities of the corporation or organization, dispose of all the assets of the corporation or organization in such manner, or to such organization(s) organized and operated exclusively for charitable, education, religious, or scientific purposes as shall at the time qualify as an exempt organization(s) under section 501(c)(3) of the internal revenue code of the 1954 (or corresponding provision of any future united states internal revenue law), as the board of directors or governing staff shall determine. Any such assets not so disposed of shall be disposed of by the court of common pleas of the county in which the principal office of the corporation or organization is then located, exclusively for such purposes as said court shall determine, which are organized and operated exclusively for such purposes.”

“Form 990 was reviewed in detail by the cfo and then provided to all trustees for their review and approval prior to filing with the irs.”

“All board members and the system administrator are required to complete and sign a conflict of interest form annually. The forms are reviewed by the system administrator and secretary. There were no conflicts noted in the current year that would require any action.”

“System administrator and other salaries are part of a salary administration plan conducted by an outside consultant who compares comparable position salaries locally and statewide. The state library provides salary figures for ceo's across the state. The salary adminstration plan was updated in 2009. The james v. Brown library (related party) board reviews and approves annual salary raises as part of the budget process each year to ensure that compensation does not exceed fair market value. Review and approval process is documented via board minutes.”

“The most recent form 990 is posted on our website. Financial statements, governing documents and the conflict of interest policy are available for public review upon request.”

“All individuals working at the lycoming county library system board (the "board") are employees of james v. Brown library ("jvb") and are reported on its form 941 under ein 24-0799180. The salary and benefit expense reported on form 990, part ix are the board's allocated payroll costs based on time spent by the shared employees. Jvb is an affiliated tax-exempt organization and is considered a common pay agent for w-2 reporting.”