Bis-Man Transit Board

“The management of the organization was provided by a third party management entity until October 31, 2017, which was Central Nodak Development Corporation (a separate 501(c)(3) entity). The management was based upon a five year contract with Central Nodak Development Corporation 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. The Executive Director was compensated $82,708 for 2017, while under Central Nodak Development. Compensation for the Executive director reported in Part VII represents wages and benefits paid to the Executive Director starting as of 11/1/17 when he became an employee of the Organization.”

“Equipment purchases over $25,000 must be approved by the Bismarck City Commission.”

“There are no committees with authority to act on behalf of the full governing body.”

“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 conflicts 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 was handled by a third party entity until October 31, 2017. The management fee was 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. As of 11/1/17, the Executive Director is paid by the Organization. Wages for the Executive Director were determined through negotiations with the Board and Executive Director.”

“The Organization's governing documents, conflict of interest policy and financial statements are available upon request and approval by the Board of Directors.”