Cedar Valley Services Inc.

“Prior to being filed with the irs, a copy of the irs form 990 and related schedules are reviewed by the executive director, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of the executive director's review, the forms are emailed and approved by each board member prior to submittal to the irs. At the board meeting following submittal, the form 990 and related schedules are again reviewed and approved.”

“Board members and key employees are asked to disclose annually business relationships and family members that could, or do, create a conflict of interest. Conflicts of interest are determined by a review of the potential conflicts by the executive director and the board of directors. If a conflict exists, then the conflicted board member or key employee is excluded from discussions and votes related to any potential or existing relationships involving the conflict of interest.”

“The compensation of the executive director is determined by the board of directors. The board acts upon recommendation of the personnel committee. The committee uses data from the annual "compensation of the top 100 not for profit directors in minnesota" document. This data is adjusted for size of organization, geographic location, responsibility level and other. The decision and deliberation are documented in meeting minutes. The most recent year of using this process was 2011. The compensation of key employees was determined by the executive director in collaboration with the board of directors and outside consultants. A consultant generated comparison of salaries for like positions was used and adjusted accordingly. The decisions and deliberation were documented in meeting minutes. This procedure is a periodic event with annual deliberations and frequent adjustments.”

“All documents concerning disclosure requirements are available at the organization's corporate offices in austin, mn and can be reviewed upon request. Electronic copies are also available.”

“Restatement of unrestricted net assets 315,436.”

“This process has not changed from the prior year.”

“Identified grant revenue that the organization recorded in the current year that was actually related to 2012 expenses and therefore should have been recorded as revenue in 2012. Prior year financials restated resulting in adjustment to unrestricted net assets in the amount of $315,436.”