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

“Board members and key employees annually complete a survey related to business relationships and family members that could, or do, create a conflict of interest. These are summarized and filed along with board meeting minutes. Conflicts of interest are determined by a review of the potential conflicts by the administrator 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. If it is determined that a conflict of interest was intentionally hidden by a board member, then the situation would be investigated and the board member could be suspended and subject to dismissal. Additionally, the remaining board members and key employees will review, for fairness, all past transactions involving the conflict of interests. If a transaction appears to lack arms-length, either to the detriment of the organization, or to the unfair advantage of the board member, then all legal remedies will be considered.”

“The process used to set the administrator's annual salary is based on a combination of comparison to comparable organizations through the use of our trade organization's annual compensation survey and attainment in the current year of predefined performance objectives set for the administrator personally and the organization. Also the state of minnesota has in most years given compensation adjustments to employees and we have also considered this amount in determining top management compensation. This process is performed by the board and was last approved at the june 25, 2012 board meeting.”

“Conflict of interest policy is available upon request.”

“The organization's board of directors assumes the responsibility for oversight of the audit of its financial statements and the selection of its independent accountant. This process has not changed from the prior year.”