Phoenix Alternatives Inc.

“The members of the executive committee shall be the chair, the secretary-treasurer, and such other members of the board as may be designated by the board. The chair of the board shall serve as the chair of the executive committee. The executive committee shall: 1)transact the business of the corporation between meetings of the board; 2) function as the finance, personnel and operations committees, and review such operations; 3) receive reports from all standing special committees, and, when necessary, determine action to be taken upon recommendations submitted; 4) authorize disbursement of funds for all extraordinary expenses; 6) create a special committee when necessary to carry out a specific task which does not fall within the responsibility of any standing committee; 7) meet when called by the chair upon three (3) days telephone or written notice, provided, however, that any action which the executive committee is authorized to take shall be valid if each member of the committee verbally agrees to it, whether in person or by telephone. Each such notice of a special meeting shall specify the business to be transacted; 8) report to the board the business transacted by the executive committee since the previous meeting of the board; and 9) engage the service of certified public accountants to examine the financial statements of the corporations at the end of each fiscal year.”

“The organization will send form 990 electronically to board members for review. Any questions will be answered via a telephone conference or at the next board meeting prior to sending it out. The process will be documented in the board meeting minutes.”

“Review conflict of interest policy annually with all board members.”

“Reviewed mm annual salary survey and bureau of labor statistics.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“Professional services: program service expenses 43,230. Management and general expenses 154,089. Fundraising expenses 0. Total expenses 197,319. Service contracts: program service expenses 122,024. Management and general expenses 71,410. Fundraising expenses 0. Total expenses 193,434. Transportation: program service expenses 1,585,547. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,585,547.”

“Increase in investment in joint venture - newtrax -2,877.”