Lawrenceburg Public Library Services and Resources Foundation

“The organization has volunteers serving as directos who collectively act as the governing body through a board of directors to give oversight to the foundation. They occasionally elect new members to replace old members who have resigned in their capacity to govern the foundation.”

“Volunteers serve on the board of directors of Lawrencburg Public Library Foundation providing governance to the entity. Volunteers currently serving have voting powers, except for one volunteer, to elect any new volunteers to the Board of Directors after previous volunteers resign their position on the board of directors of the entity.”

“Various committees are comprised of members of the volunteers serving on the board of directors and may decide matters related to the organizaton. However, the entire volunteer board present at a particular meeting of the board of directors gives approval to all decisions.”

“All board volunteers are provided access to the tax return form 990 before the form is filed with the IRS. It is the responsibility of each volunteer serving on the board of the foundation to review the tax return bafore it is submitted to the Internal Revenue Service.”

“The volunteers serving on the board of directors review any specific conflict when necessary. The policy is reviewed on an annual basis and a determination is made if any further action is necessary to comply with the policy in force at that time.”

“Various committees are comprised of members of the volunteers serving on the board of directors and may decide matters related to the organizaton. However, the entire volunteer board present at a particular meeting of the board of directors gives approval to all decisions. During normal business hours, the organization makes available all governing documents, conflict of interest policy, and financial statements to the public.”