Mt Muncie Cemetery Association

“A copy of the form 990 was provided to the board for their discussion and approval at their regular quarterly meeting prior to filing form 990.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors. After disclosure, the chairperson of the board shall, if appropriate, appoint a disterested person to investigate alternatives to the proposed transaction. The determination of a conflict of interest is discussed and voted upon by the remaining board. If a more advantageous transaction not producing a conflict of interest is not possible, the board shall decide by vote of the disinterested directors whether the transaction is fair and reasonable, and in the organization's best interest. Each director and prinicpal officer shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. If the board 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 of such belief and afford the member an opportunity to explain the alleged failure to disclose. If the board finds the member has failed to disclose actual or possible conflicts of interest, it shall take appropriate disciplinary and corrective action.”

“Periodic reviews are conducted that shall, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. When conducting the periodic reviews, the organization may use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“See form 990, part vi, line 15a.”

“Documents made available to the public by request at office.”

“See schedule d, part xiii for explanation of part x, lines 27 and 28.”

“The organization's financial statements are compiled quarterly, however the accountant is not independent with respect to mt. Muncie cemetery association. The board assumes responsibility for oversight of the compilation and selection of the accountant.”