Carpenter'S Shelter Inc

“The audit function has been assigned to a standalone committee, rather than being a responsibility of the finance committee. An overview of each committee is as follows: the audit committee assists the board of directors in facilitating a qualified, independent audit of the financial operations and reporting, in overseeing remedial actions to address any findings or recommendations resulting from the audit, and in evaluating carpenter's shelter's internal controls. The finance committee is responsible for reviewing the proposed annual budget and performance against the approved budget; ensuring that accurate, timely, and meaningful financial statements are prepared and presented to the board; ensuring compliance with federal, state, and other requirements related to carpenter's shelter's finances; and overseeing investments and other financial activities. The audit committee consists of a chair and at least 2 other members with relevant professional or technical experience, of which at least one shall be a board member. No individual with responsibility for the preparation of the carpenter's shelter's financial statements or with signing authority on a carpenter's shelter account may be a member of the audit committee. The finance committee will be chaired by the board's treasurer, and will include other members (who may be board members or non-board members) who have relevant financial knowledge.”

“A copy of the form 990 was provided to the board for review before it was filed.”

“The organization has a detailed conflict of interest policy covering the board members and the executive director. Annually a disclosure statement and an affirmation of compliance must be filed by each covered party. The executive director of the organization files and maintains all disclosure questionnaires and affirmation of compliance, reporting results to the governance committee.”

“The executive committee periodically surveys the industry benchmark reports for applicable salary levels. The treasurer then reviews and presents to the board an amount relevant to an employee's salary.”

“The organization makes its audited financial statements available on its website and to the public upon request. It makes its governing and conflict of interest policy available to the public and to the extent required to do so due to government filing requirements.”

“Repairs and maintenance: program service expenses 41,277. Management and general expenses 2,127. Fundraising expenses 271. Total expenses 43,675. Supplies and materials: program service expenses 0. Management and general expenses 0. Fundraising expenses 21,103. Total expenses 21,103. Telephone : program service expenses 9,085. Management and general expenses 4,670. Fundraising expenses 4,075. Total expenses 17,830. Purchased food and food supplies : program service expenses 17,765. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,765. Resident supplies: program service expenses 14,995. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,995. Banking and credit card fees: program service expenses 434. Management and general expenses 10,149. Fundraising expenses 0. Total expenses 10,583. Printing: program service expenses 4,823. Management and general expenses 1,580. Fundraising expenses 1,638. Total expenses 8,041. Personnel: program service expenses 3,266. Management and general expenses 1,000. Fundraising expenses 2,806. Total expenses 7,072. Transportation: program service expenses 6,302. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,302. Postage: program service expenses 1,489. Management and general expenses 1,359. Fundraising expenses 814. Total expenses 3,662. Resident activities: program service expenses 3,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,534. Dues and subscriptions: program service expenses 186. Management and general expenses 824. Fundraising expenses 75. Total expenses 1,085.”

“The shelter has not changed this process from the prior year. The audit committee is responsible for the oversight of the audit and the selection of the independent auditors.”