The Junior League of Jackson

“The president and the treasurer shall review the form 990 to ensure that it is accurate and complete and a draft of the form 990 is provided to the board of directors via email. Form 990 is reviewed and any questions that arise from the board of directors are answered and/or cleared prior to the filing of the return. Prior to being signed by the president, the form 990 shall be presented to the jlj board of directors for approval.”

“The officers of keystone are required to complete the conflict of interest statement annually. The statement is reviewed by the board of directors and any conflicts of interest that arise during the year are resolved by the board of directors and are recorded in the official board minutes.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The committee shall be composed of the treasurer, who serves as chair of the committee, treasurer-elect, president, president-elect, and two sustaining advisors with accounting or auditing expereience appointed by the president, who shall serve in alternating two-year terms. Jlj staff may be invited to attend specific meetings as requested by the committee. The outside auditor shall present a final report of the audit to the audit committee. The audit committee shall meet semi-annually unless a need arises to meet more frequently to review the annual audit and to implement recommendations of the outside auditor to the league. The audit committee shall provide the board of directors of the league and the board of directors of the keystone fund with a semi-annual report and shall also perform those functions set out in article ii, section 1 and delegated to the audit committee. The board of directors may advise or direct the audit committee as needed. The audit committee shall assess the services of the outside auditor not less than once every three years and shall make recommendations to the finance council and the board of directors as to whether there is a need to obtain bids for the annual audit and whether the terms of the audit contract need to be revised.”