National Federation of Municipal

“The executive committee manages the routine operations of the board and carries out directives of the board. The executive committee shall have authority to act upon questions in accordance with the existing policy on behalf of the board, provided (a) that the executive committee shall, through the mailing of its minutes to all govenors, promptly inform the full board of all decisions it has made and (b) that decisions of the executive committee shall be submitted to the full board for approval whenever any three or more governors shall challenge such decisions, in which case a majority vote of all govenors shall be required to approve any such decisions.”

“There shall be five classes of members in the federation: constituent societies, regular members of constituent societies, affiliated individual members, associate members and student members. Regular members are defined as resident, full dues paying members of constituent societies and affiliated individual members. Associate members are professionals in the municipal industry or related disciplines who do not meet the requirements for membership as regular members. Student members shall be defined as individuals enrolled in an accredited college or university program.”

“Each constituent society shall exercise full autonomy in the election process used to determine its representation on the board of governors and shall make such a determination not later than january 1 of every year. However, no governor who is not an officer may serve on the board for more than six consecutive years. The board shall vote at the fall meeting to fill the at-large board positions that begin the following january 1, immediately following the election of the nfma officers.”

“The form 990 was reviewed by the executive director and treasurer. After their review, the completed form 990 was submitted to the governing board prior to submission to the internal revenue service.”

“Board members submit conflict of interest questionnaires and forms annually. The executive director tracks the receipt of these forms to ensure that all forms are completed and submitted. The executive director discusses with the executive committee any interests that could give rise to conflicts.”

“Salary review is done annually by the executive committee. The current chair of the nfma prepares a recommendation of salary increases and/or bonuses, if any, for the executive committee approval. Compensation recommendations are documented in a yearly memo.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The organization's financial statements are available on the website at www.nfma.org.”

“The executive committee is responsible for the selection of the independent accountants. This process has not changed from the prior year.”