Cap Services Inc.

“Change to bylaws: section 5.1b eliminating the designation of one of the two outagamie county low-income seats to an ethnic minority.”

“The form 990 return is reviewed in detail by the finance committee and the board of directors prior to filing with the internal revenue service.”

“Conflict of interest forms are collected annually from directors, senior management and key employees and reviewed for possible conflicts. If a conflict exists the individual will be recused from the decision-making process. Purchasing decisions are subject to review by senior management. Ceo approval is required at the $5,000 level, board of director approval at $10,000.”

“The board of directors establishes the salary schedule for the corporation using the position classification system and wage ranges typical for comparable work in similar organizations in the state. The starting salary for a new hire is based on education and experience related to the position. Cap services performs wage comparability studies on a sampling of positions every three years to ensure wage structure is appropriate for the organization. Cap services participates in selected wage studies when the information is collected for cap's geographic area, for wiscap or other wisconsin cap agencies or for selected trade groups (mra-the management association, inc., as example). The compensation for senior management, including the ceo, is determined in the same manner as that of all other staff. Certain positions may have performance-based incentives, as approved in advance by the board of directors. Compensation is set by individuals without a conflict of interest and all decisions are documented.”

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

“Impairment loss on inventory -21,456. Tax depreciation adjustment -2,455.”

“Portion of the finance committee statement of purpose: the committee also selects the audit firm and oversees and reviews the annual audit to provide independent oversight of the organization's accounting and financial reporting. The committee meets with the auditor, reviews the annual audit and recommends approval or modification to the board. The committee reviews the irs 990 to ensure it reflects the audited financials statements and recommends its approval or modification to the board. There have been no changes to procedure from the prior year.”