Greater Berks Development Fund

“The members of the organization are comprised of the incorporators of the corporation and other persons elected by a favorable vote by two-thirds of all the members present at any regular or special members meeting.”

“The members of the corporation may elect other members by a favorable vote of two-thirds of all the members present at any regular or special members meeting.”

“An agenda is prepared for committee meetings, attendance is taken, and the committees follow up with the board of directors for approval or ratification of business discussed when necessary.”

“The form 990 was sent electronically to the board for approval”

“The board of directors monitors and enforces the conflict of interest policy. Actual conflicts are reviewed by the president.”

“The organization's form 990 is available upon request.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“The organization did not have any instances where backup withholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

“Book depreciation greater than tax depreciation -194,571. Equity in net income of affiliate 596,770.”

“The audit committe of the board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year.”

“Gateway building operations: utilities 115,392 repairs & maintenance 243,732 administrative 96,836 taxes and insurance 234,025 management fee 18,456 depreciation 366,147 amortization 3,194 professional fees 11,123 --------- total gateway building operations 1,088,905”

“Wells fargo building operations: depreciation 506,248 amortization of financing and refunding costs 31,068 interest 204,177 --------- total wells fargo building operations 741,493”

“606 court street building operations: utilities 43,578 repairs & maintenance 80,449 administrative 31,495 taxes and insurance 37,576 management fee 5,815 depreciation 27,407 amortization 2,218 interest 57,730 --------- total 606 court street building operations 286,268”

“Berkley property operations: utilities 55 taxes and insurance 6,826 interest 14,101 --------- total berkley property operations 20,982”

“Bern property operations: utilities 576 taxes and insurance 25,329 professional fees 1,608 interest 13,799 development 73 amortization 6,450 --------- total bern property operations 47,835”

“61 & 73 property operations: taxes and insurance 14,448 interest 20,971 amortization 375 --------- total61 & 73 property operations 35,794”