Rochelle Enrichment Center Inc

“The executive committee is provided a copy of the tax return to review and approve before submitting to the irs.”

“As mandated by the conflict of interest policy, no person shall originate, participate in or vote on any transaction involving the rochelle child care center in with such person has a conflict of interest. To effectuate this policy each person shall disclose to the board of directors any conflict of interest such person or a related party has regarding any transaction to be considered by rochelle child care center. On an annual basis, each person shall submit a disclosure list on which the person identifies all entities in which such person or related party is an employee, officer, director or consultant to or in which the person or a related party has a material financial interest. With respect to members of a person's family living outside the household, the person shall disclose such conflicts of which she/he has actual knowledge. In addition, the person shall annually sign a statement affirming that he/she has read this policy, agrees to comply with the policy and acknowledges he/she is not aware of any violations or discloses any known violations. A board member of the rochelle child care center board of directors shall recuse him/herself from the board's deliberations regarding any matter in which the board member has a conflict of interest unless the chair of the board determines that recusal is unnecessary in the particular instance. A staff member shall not be the responsible staff person on a transaction in which he/she has a conflict of interest.”

“Previous salaries, along with industry standards are used upon determining the compensation for the executive director. Performance is usually reviewed annually. Both verbal and written performance reviews will be used on an ongoing basis to evaluate performance. Attendance records will be also be reviewed during the performance evaluation. These reviews may or may not be associated with any wage adjustment based on the rochelle child care center policy and the discretion of supervisors and the board of directors.”

“Copies of the governing documents, conflict of interest policy and financial statements along with the 990 and application for tax exemption are provided upon request during normal business hours at the organizations location.”

“The finance committee which is composed of the president, secretary or treasurer, and one other board member are responsible for making recommendations to the board about financial management and budgeting for the program. Together with the executive director, they compile the annual budget, analyze income and expenditures, annually recommend methods of financing the program, and possible sources of income. They also arrange for the annual audit of the financial records. This process has not changed from the previous year.”