Hope Network Corporate

“The bylaws were amended during the year. The amendments include an updated outline for the responsibilities of the audit committee, including the review of the corporation's accounting system and internal controls and the review of compliance with regulatory requirements and ethical standards. The frequency of the audit committee's selection of the corporation's independent certified public accounting firm was also updated.”

“Prior to filing, a copy of the form 990 is reviewed by a number of levels of management, including the person signing the return.”

“Conflict of interest forms are completed by all board members annually.”

“Reviews/studies of comparative executive compensation were done by two external and one internal groups. All three reviews were presented to the executive committee of the board who met, discussed, and took action. Board chair communicates the group decision in writing to appropriate staff to execute changes.”

“Hope network makes documents available as required by law. Paper copies are provided upon request presented in person at hope network leadership center.”

“Prof services: program service expenses 542,432. Management and general expenses 0. Fundraising expenses 0. Total expenses 542,432. Temporary labor: program service expenses 339,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 339,498. Contractual expenses: program service expenses 541,053. Management and general expenses 0. Fundraising expenses 61,947. Total expenses 603,000. Adp fees: program service expenses 10,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,068. Hiring costs: program service expenses 95,403. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,403. Time clock/time card expense: program service expenses 2,729. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,729. Consumer electronic medical records: program service expenses 478,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 478,800.”

“Transfer of cash from hn behavioral health services to hn corporate 1,700,000. Minimum pension liability adjustment 1,884,863. Transfer of cash from hn rehabilitation services to hn corporate 5,000,000. Transfer of cash from hn southeast to hn corporate 450,000. Transfer of property from housing affiliates to hn corporate 11,928. Transfer of debt from housing affiliates to hn corporate -11,332.”

“As with prior years, the audit committee assumes responsibility for oversight of the audit and the audited financial statements.”