Tazewell-Woodford Head Start

“The corporation has one class of members. Parents who currently have children participating in the program submit a list of proposed persons to serve as members. The board of directors, by a 2/3 vote of all board members, approves the proposed list of members.”

“The board of directors by an affirmative vote of two-thirds of all members approves the proposed list of members.”

“Each member has one vote on all matters over which the council has the power to approve or disapprove.”

“There are no committees that have the power to act on behalf of the governing body.”

“The governing board members received a copy of the form 990 and reviewed it individually before it was filed.”

“The conflict of interest policy is in the fiscal plan and the personnel policies. The executive director, fiscal officer, and other management staff work together to monitor and enforce compliance.”

“The organization conducted a salary/wage comparability study to collect data on comparable positions of other preschool and social service agencies within their service area as well as other head start programs in illinois.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The grantee prepares financial statements using the modified cash receipts and disbursements (federal grant) basis of accounting. The basis differs from generally accepted accounting principles in that revenue is recognized when received, rather than when earned. Expenses and asset purchases are recognized paid or to be paid, rather than when obligations are incurred. However, assets purchased with loan proceeds are capitalized, rather than expensed, in order to offset the related loan liability. In addition, the federal grant basis of accounting allows the grantee to recognize in-kind contributions for volunteer service hours, which is not allowable under generally accepted accounting principles.”

“The governing board approves the financials”