Bis-Man Transit Board

“The management of the organization is provided by a third party management entity, currently central nodak development, corp. (a separate 501(c)(3) entity). The management is based upon a five year contract with central nodak development, corp that was awarded after a public request for proposals was done. Delegated duties of the management entity include: hiring and firing of employees, supervising personnel, planning and executing budgets and financial operations, supervising exempt operations and supervising unrelated trades of the organization.”

“Expenditures of over $5,000 must be approved by the bismarck city commission.”

“A copy of the form 990 is provided to all board members for their review prior to filing with the irs.”

“Each board member is required to disclose to all other board members and management all potential conflict of interest and abstain from any vote that could be a conflict of interest. This process is monitored by the managing agent.”

“Management of the organization is handled by a third party entity. The management fee is determined through a public request for proposal every five years. The board of the organization receives and reviews all proposals and approves the overall best proposal based on service and fee. The full board votes on the selection. The management agent provides all employees and determines their salaries.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request and approval by the board of directors.”

“Vehicle costs: program service expenses 0. Management and general expenses 195,350. Fundraising expenses 0. Total expenses 195,350. Contract labor: program service expenses 152,578. Management and general expenses 2,948. Fundraising expenses 0. Total expenses 155,526. Repairs and maintenance: program service expenses 9,804. Management and general expenses 63,154. Fundraising expenses 0. Total expenses 72,958. Utilities: program service expenses 70,707. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,707. Materials and supplies: program service expenses 0. Management and general expenses 39,195. Fundraising expenses 0. Total expenses 39,195. Miscellaneous: program service expenses 199. Management and general expenses 26,653. Fundraising expenses 0. Total expenses 26,852. Telephone: program service expenses 0. Management and general expenses 9,186. Fundraising expenses 0. Total expenses 9,186. Computer costs: program service expenses 0. Management and general expenses 8,599. Fundraising expenses 0. Total expenses 8,599. Janitorial: program service expenses 6,546. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,546. Property taxes: program service expenses 0. Management and general expenses 6,436. Fundraising expenses 0. Total expenses 6,436. Postage: program service expenses 0. Management and general expenses 5,098. Fundraising expenses 0. Total expenses 5,098. Dues & subscriptions: program service expenses 0. Management and general expenses 3,834. Fundraising expenses 0. Total expenses 3,834. Bank fees: program service expenses 1,116. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,116.”

“The board of directors oversee the hiring of the independent auditor and receives the final audit report from the independent auditor.”