Highland County Community Action Organization Inc

“The form 990 is given to the executive director & the board president for review of accuracy & completeness before filing. The return is also reviewed by the board and documented in the board minutes when approved.”

“The executive committee of the board along with all interested board members meet and conduct a thorough review of the performance of the executive director on an annual basis. Based on the review, if adjustments to the salary are merited due to performance, they are based on data in comparison to other similar entities as well as years of experience, educational achievements, similar size in terms of funding, programs and staff as well as performance. These parties will also access wage comparability studies for similar markets as they are available. The committee presents the evaluation to the full governing board as well as a recommendation for compensation. The full board accepts or rejects such actions as noted with the governing board minutes.”

“Documents are made available to the public upon request.”

“Miscellaneous k-1 adjustment 125,728.”

“This return was initally prepared and filed with the audited financial statements still in the process of being completed. The audited financials have since been finalized and minor adjustments have been made to this amended return to reflect those changes. Total revenue decreased, primarily due to a reclassification of grants and pledges receivable. The total functional expenses have remained substantially the same. The allocation of program expenses to m&g exepense changed for certain expense accounts and certain expenses were re-categorized into different expense line items on form 990, page 10. Balance sheet line items that changed were receivable grants, prepaid expenses, and deferred revenue. Moreover, these changes in revenue resulted in needing to modify the expenses and revenue on part iii, page 2 "statement of program service accomplishments". Similarily, schedule a was also adjusted to reflect the updated audited financial statements.”