Inner Arbor Trust Inc.

“According to the trust's bylaws, the columbia association, inc., an independently operated 501c(4) association, maintains a minority representation on the trust's 7 member board of directors through two appointed voting members, and one ex-officio voting member.”

“The board reviews the 990 before it is filed.”

“Members must read and review the conflict of interest policy at the beginning of the term. In connection with any actual or possible conflict/duality of interest, an interested person must disclose the existence of the financial interest or conflict/duality of interest, and be given the opportunity to disclose all material facts to the board or executive committee. Any director shall recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict/duality of interest, without going through the process for determining whether a conflict/duality of interest exists. After disclosure of the conflict/duality of interest and all material facts, and after any discussion with the interested person, he /she shall leave the board or executive committee meeting while the determination of a conflict/duality of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict/duality of interest exists. An interested person may make a presentation at the board or executive committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arragement involving the possible conflict/duality of interest. The chairperson of the board or executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction, arrangement, or decision. After excercising due diligence, the board or executive committee shall determine whether the trust can obtain with reasonable efforts a more advantageous transaction arragement or decision from a person or entity that would not give rise to a conflict/duality of interest. If a more advantageous transaction, arrangement or decision is not reasonably possible under the circumstances not producing a conflict/duality of interest, the board or executive committee shall determine by a majority vote of the disinterested directors whether it shall make its decision as to whether to enter into the transaction, arrangement or decision. Any board member having a conflict/duality of interest shall not vote or use his or her personal influence to address the matter, and the board member should not be counted in determining the quorum for the meeting. The minutes of the board and all committees with board delegated powers shall contain the names of the persons who disclosed or otherwise were found to have a financial, conflict/duality of interest, the nature of the conflic/duality of interest, any action taken to determine whether a conflict/duality of interest present, and the board's or executive committee's decision as to whether a conflict/duality of interest, in fact, existed. Additionally, the names of the persons who were present for discussions and votes relating to the transactions or arrangement, the content of the discusion, including any alteranatives to the proposed transaction, arrangement of decision, and a record of any votes taken in connection with the poceeding.”

“Compensation is voted on and approved by the board. The employment contract is then reviewed by outside counsel prior to signing.”

“Compensation is voted on and approved by the board. The employment contract is then reviewed by outside counsel prior to signing.”

“The trust makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Bank service charges 0 293 0 fire, safety, & security 925 0 0 guests meals & refreshments 32,769 0 0 interpreting services 494 0 0 license & permits 1,962 0 0 marketing expenses 5,360 0 0 membership dues 0 2,193 0 merchant & event processing 927 0 0 office & storage supplies 7,905 0 0 office rent expense 0 4,380 0 park facility expense 14,249 0 0 park maintenance 103,283 0 0 performance & event expenses 226,295 0 0 rental cost for park ops 45,161 0 0 revenue share 2,753 0 0 sales & use tax -207 0 0 subscription charges 769 0 0 telephone & internet 0 2,556 0 uniform expense 422 0 0 utilities expense 3,131 0 0 total 446,198 9,422 0”