North Carolina Partnership For

“The finance & audit committee of the board of directors will be provided a copy of the final 990 draft (via email) prior to filing. Approval of the form 990 will occur after filing due to the compressed timeframe between the state audit completion, 990 due date, and available finance & audit committee meeting dates.”

“The north carolina partnership for children, inc. (ncpc) recognizes that effective governance depends on deliberate, thoughtful, and disinterested decision-making by its directors, officers and staff. Moreover, ncpc's work depends on the continued trust and confidence in its integrity, which is grounded in fair and responsible decision-making. The board of directors of ncpc believes it is in the best interest of ncpc to establish a clear and concise conflict of interest policy. The conflict of interest policy is intended to promote the avoidance of conflicts of interest and the appearance of impropriety by ncpc directors, officers and staff. It sets the rules for conduct, including disclosure by directors and officers of personal or financial interests that may affect the business of ncpc. Annually each member of the board is required to review a copy of the policy and to acknowledge that he or she has done so. The policy is monitored and enforced through the following actions: a. Prior to action on a contract or transaction, the board or committee chair shall ask the group to identify actual or perceived conflicts of interest. A director who knows he or she has a conflict of interest shall disclose the conflict and such disclosure shall be reflected in the minutes of the meeting. B. When there is a doubt as to whether a conflict exists, the matter shall be resolved by a vote of the board of directors excluding the person(s) concerning whose situation the doubt has arisen. C. All appointed board members shall avoid conflicts of interest and the appearance of impropriety. Should instances arise when a conflict may be perceived, any individual who may benefit directly or indirectly from the ncpc's disbursement of funds shall abstain from participating in any decision or deliberations by ncpc regarding the disbursement of funds. D. The person known to have a conflict of interest may not vote on the contract or transaction and must leave the room during the vote unless leaving the room brings attendance below the level of a quorum. The official minutes shall reflect that the conflict of interest was disclosed and person(s) with the conflict were not present during the vote and did not vote on the matter.”

“Salaries and wages of all employees are set in accordance with a formal compensation policy and plan which includes pay grades (with minimum, mid-point and maximum pay rates). The plan was originally developed by an independent consultant and is based on the national position evaluation plan published by the management associations of america. It is updated periodically by benchmarking pay rates against data from human resources consultants who conduct and/or analyze annual salary surveys, and occupation specific and location-specific data from the occupational employment and wages statistics program of the employment security division of the nc department of commerce. Additional benchmarking data are obtained from the n.c. State office of human resources, the wake county department of human resources, and the n.c. State university department of human resources.”

“These documents are available upon request and on our website. The annual audit report and financial statements are also available on the website of the north carolina office of state auditor. Additionally, the governance structure, board committee roles, and meeting dates are posted on our website.”

“The finance & audit committee of the board of directors assumes responsibility for the oversight of the audit.”