Bakersfield CIVIC Light Opera Association

“The board of directors governing body designates a representative to review the form 990 and determine if for any reason it needs to be reviewed by all the members of the governing body at a special meeting. If a special review meeting is determined to be necessary, it is held and any issues resolved prior to authorising the executive director to sign the form 990.”

“The organization maintains and annually updates conflict of interest statements because from time to time the organization receives some of its revenues from grants from large private foundations, and when that occurs, as a condition of the grants, and their renewal, "conflict of interest statements" are required of all officers, directors, trustees and key employees. These grantor foundations have a right to do periodic reviews and/or require the organization to have a certified financial audit performed, which includes the statements and the protocol concerning their maintenance.”

“All ceo, executive director and key employee compensation is determined by the independent members of the organization's board of directors, based on information provided by those members who own and operate independent businesses in the community.”

“All ceo, executive director and key employee compensation is determined by the independent members of the organization's board of directors, based on information provided by those members who own and operate independent businesses in the community.”

“The organization voluntarily produces requested governing documents, policy documents and financial statements to any person/organization which its governing body determines has a reasonable "right to know", as well as to the persons/organizations to whom it is required by their grant agreements to make such disclosures.”

“AS REPORTED ON THE 2012 FORM 990 THERE WAS A CHANGE IN ACCOUNTING PERIOD AND METHOD FOR THE FOLLOWING REASON:BECAUSE OF GRANT, CONTRACT AND BUDGET REQUIREMENTS THE ORGANIZATION IS REQUIRED TO NOW ACCOUNT FOR THEIR OPERATIONS, AND FILE THEIR TAX RETURNS, ON THE ACCRUAL BASIS USING A CALENDAR YEAR ACCOUNTING PERIOD ENDING EACH DECEMBER 31st (CONSISTENT WITH THE PERIODS ASSOCIATED WITH THOSE GRANTS, CONTRACTS AND BUDGETS).”