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 -579,697. Equity in net income of affiliate 415,555.”

“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: interest 223,176 utilities 117,989 repairs & maintenance 278,049 administrative 68,276 taxes and insurance 244,681 management fee 20,449 depreciation 590,126 amortization 6,388 --------- total gateway building operations 1,549,134”

“Wells fargo building operations: depreciation 506,248 amortization of financing and refunding costs 29,325 interest 129,723 --------- total wells fargo building operations 665,299”

“606 court street building operations: utilities 42,235 repairs & maintenance 65,672 administrative 26,497 taxes and insurance 37,575 management fee 7,571 depreciation 28,013 amortization 2,218 interest 55,798 --------- total 606 court street building operations 265,579”

“Berkley property operations: taxes and insurance 4,707 interest 7,723 --------- total berkley property operations 12,430”

“Bern property operations: utilities 408 taxes and insurance 38,733 interest 67,720 amortization 6,450 --------- total bern property operations 113,311”

“61 & 73 property operations: utilities 2,023 taxes and insurance 37,451 interest 361,944 amortization 2,672 --------- total61 & 73 property operations 404,090”