Puget Sound Bike Share

“In january 2015, the board voted to remove the organizational members from the board of directors. In august 2015, the board voted to amend the size of the board to consist of three (3) to 20 (twenty) elected board members.”

“Once prepared, the Board will be asked to review the Form 990 and provide approval.”

“All Board members are required to sign the Conflict of Interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“By request.”

“Bike Share Operator: Program service expenses 1,314,191. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,314,191. Outside Contract Services: Program service expenses 15,636. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,636.”