Irvine Spectrum Transportation Management Association

“The executive director reviews the form 990 after preparation by the cpa based on the information from the audit. Upon completion of the review, the executive director presents the form 990 to the board of directors.”

“The employees are expected to promote the best interests of the association at all times. Each has an obligation to avoid any activity, agreement, business investment or interest, or other situation which could be construed as a conflict with the association's best interest or as an interference with employees' duty to serve the association to the best of their ability. All potential conflicts are disclosed in advance to the executive director.”

“Each year, association staff completes an in-depth salary survey for the purpose of setting employee salary ranges and to determine the competetive nature of the association's benefits package. The association uses as its primary source of information the center for nonprofit management's compensation and salary survey for southern and central california. The results of the salary survey are presented to the executive committee of the board of directors who recommend salary ranges for all employee positions including the executive director. Employee slary ranges are detailed in the association's personnel and salary policy which is revised on an as needed basis by the full board of directors at a regularly scheduled meeting. The executive director's actual salary is determined by the executive committee using the board approved salary range. The executive director's performance is appraised annually by the executive committee as a group. As with all other employees, the executive director's annual salary increase is based solely on merit. At no time can the actual salary level exceed the upper level of the salary range regardless of the performance rating.”

“Members receive governing documents of the corporation when they purchase a building in the community. This includes the cc&r's, bylaws, and articles, the most current budget, and financial statement which includes the audit.”

“The executive director chooses the independent auditor ("cpa") in accordance with the association's purchasing procedure. The executive committee of the board of directors (4 officers) meets to review the draft financial audit as presented by the cpa. The audited financial statements are then presented to the entire board of directors at a regularly scheduled meeting for approval.”