Grant Park Conservancy Inc.

“The bylaws were amended in september 2021 with a goal to have simplicity and flexibility. The following is a list of the changes made: section 2.2: -changed minimum number of directors to five and maximum to 18. -the prohibition against a director holding office contains an exception for the city of atlanta and fulton county recreation authority. -term length was changed from three years to two and directors are eligible to serve three consecutive terms. Section 2.5: -board nominations can be made throughout the year and the vote will be held between 10/1 and 12/31 with the term starting on 1/1 of the following calendar year. -directors will receive notice of a vote and qualifications/resume of the nominee at least 30 days ahead of time. Section 2.6: -directors will receive ten days notice if removal of a director is on the agenda. Section 2.8: -directors will not be reimbursed for costs to attend board meetings. -any compensation from the gpc to a director greater than $500 requires board approval. Section 2.9: -the position of emeritus director has been eliminated and the executive committee cannot appoint ex-officio directors. Section 3.5: -section deleted (assumption that directors had approved board action unless the minutes reflect dissent). Section 3.5 (formerly 3.6): -quorum requires one-half of directors who are eligible to vote. Section 3.9: -right to vote by proxy has been deleted. Section 4.1: -"chair elect" removed from the by-laws. Section 4.2: -officers will be voted on between 10/1 and 12/31 and terms will start 1/1. Section 6: -board chair appoints members to committees and chairpersons must be board members. -committees cannot act without board approval. -executive committee hires executive director and sets compensation. -finance committee does not have authority to invest money, sell stocks, etc. Without board approval.”

“The treasurer presents the form 990 to the board for review at a board meeting.”

“Staff and finance chair review income and expenses monthly to make sure we are complying with the policy.”

“Executive committee reviews and determines the executive director's salary which is then approved by the board. The executive director recommends a budget for salaries and the board approves it.”

“Financial statements are on guidestar and governing documents and conflict of interest policy are available by request.”

“The organization changed its accounting method from cash to accrual.”