Virginia Utility Protection Service Inc

“The organization is comprised of members. Any operator, as defined by the virginia underground utility damage prevention act, within the organization's service area, as designated by the virginia state corporation commission, shall be eligible to become a member of the organization. Each member is entitled to only one (1) vote at meetings of the organization, and may be cast either in person or by written proxy.”

“Once prepared, a draft copy of the form 990 and all supporting schedules is provided to the finance and audit committee for their review. This committee is comprised of three board members. The committee will review the form 990 and make a recommendation to the full board. Unless there are any issues that arise from the review, the 990 is filed as prepared.”

“The organization will reiterate the conflict of interest policy with employees when initially hired, and on a regular basis. The conflict of interest policy is discussed with the board of directors and the board is required to disclose any conflicts of interest annually.”

“The executive committee of the board of directors meets every 3 years to determine the ceo's compensation package. Survey data of comparable salaries is provided to the committee for deliberation. An outside consultant is being used to assist in preparing the ceo's compensation package.”

“The organization's financial statements are available upon request. Personnel documents are provided to employees via the adp website. Governing documents are available upon request.”

“Miscellaneous expense 40,425. Promotional items 36,791. Bank service charges 24,099. Taxes and licenses 20,586. Human resource administration 12,502.”

“This process is unchanged from prior years.”

“Form 990 is being amended for the following reasons - an adjustment has been made to the gross proceeds and cost basis in part viii, statement of revenue, lines 7ai and 7bi. The form as originally filed included $2,000,000 in sales and cost basis more appropriately classified as temporary cash investments. The amended return shows a reduction in both of these amounts by this $2,000,000. An adjustment has been made to part ix, statement of functional expenses, pension plan accruals and contributions and part x, balance sheet, accrued expenses to record a change in the deferred compensation of the executive director.”