Independence Center Inc

“The financial audit is prepared in draft form and presented to the full board of directors in june or august, depending on the scheduling of the field audit. Following this presentation the full board reviews a draft version of the 990. The draft 990 is approved and the final copy prepared for execution.”

“All board members and key employees are covered under the policy. Key employees include the administrator, office manager, and program director. Determinations of conflict are made at the board of directors level and reviewed on an annual basis. If a conflict is known or suspected, the conflicting individual is requested to not participate in discussions, prohibited from voting, and for especially sensitive transactions, sometimes prohibited from discussion. The board has not had reason to know or suspect that any conflict has arisen but would investigate any such suspicion under the guidance of company policies, as well as appropriate legal counsel.”

“Compensation is determined by financial ability to increase/decrease compensation by members of the board of directors as charged by action by its members. Typically it has been the board president and one other member. This activity is maintained as part of the board meeting minutes. The executive director reviews performance for the office manager and program director, makes a recommendation to the board of directors for compensation adjustments which require board action and approval. The review and approval process was last performed in 2014.”

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

“The significant changes refer to legislative initiatives defining the service practice requirements of person-centered planning and the mn olmstead plan. These are related to the content and philosophy of services in consideration of the things that contribute to a quality of life that is preferred by each individual.”