Buena Vista University

“Buena vista university's audit committee reviews the 990 before it is filed. The final draft is given to all board of trustees before it is filed via the trustee's web portal, diligent.”

“Each year buena vista provides their board of trustees a conflict of interest sheet that discloses all the conflicts of interest. All trustees are required to make any changes and sign their name.”

“Process for determining compensation of organization's president the president of buena vista university's salary is reviewed and approved by the compensation committee of the board of trustees each year. Any trustee with a conflict of interest with respect to the compensation arrangement at issue is not involved. The compensation committee also reviews the salaries of other presidents at iowa colleges and universities each year and compares the compensation being received by buena vista university's president. The compensation committee contemporaneously documents and records all deliberations and decisions regarding the compensation arrangement.”

“Process for determining compensation of organization's other officers or key employees the salaries of officers of buena vista university are reviewed by the compensation committee of the board of trustees each year and final approval is given by the president. Any trustee with a conflict of interest with respect to the compensation arrangement at issue is not involved. The compensation committee and president also review the salaries of the other officers at iowa colleges and universities each year and compares the compensation to the compensation received by buena vista university's officers. The compensation committee and the president contemporaneously document and record all deliberations and decisions regarding the compensation arrangement. Buena vista also does a thorough review of all salaries and compares them to relevant data including national salary surveys, local comparative data for administrative positions, comparisons at other iowa college and universities, and regional salary surveys. This review was done during the 2017 calendar year.”

“Buena vista university provides its governing documents, conflict of interest policy, and financial statements upon request.”

“Program service management & fundraising expense general expense expense --------------- --------------- ----------- dues & subscriptions 47,339 195,974 7,150 bad debts 45,533 24,661 none student activities 193,064 4,857 1,583 ---------- ------------ --------- 285,936 225,492 8,733”

“Audit committee responsibility the board of trustees for buena vista university has an audit committee that is responsible for the oversight of the university's annual audit of its financial statements. The audit committee is also responsible for choosing the indepenedent auditor each year.”

“Audit requirements buena vista university is required to undergo an audit as set forth in the single audit act and omb circular a-133. Buena vista university underwent this audit by bkd, llp for the year ended 6/30/2017.”

“Number of volunteers the number of volunteers was determined by the institutional advancement office. Duties for volunteers included: alumni calling prospective students and alumni helping with events on campus.”

“Other change in net assets (563,656) charitable remainder trust payments 421,605 actuarial gain/loss on annuities 206,440 partnership income/loss ---------- 64,389 total other change in net assets ==========”