Cobbworks Inc.

“Under the workforce investment & opportunity act, federal funds are awarded in a joint state and local administered workforce development system. Cobb county government is the grant recipient of the wioa funds from the state of georgia and cobbworks, inc. Is the subrecipient contracted by the county to administer the wioa programs. In accordance with statutory regulations, the programs must be governed by the workforce development board (wdb), whose members are appointed by the chief local elected official. Cobbworks, inc. As a separately incorporated 501(c)(3) organization operates with a board of directors but must abide by and comply with statutory mandates as promulgated by the act and governed by the wdb as it relates to the wioa funds only. All other agency matters and programs are not subject to the same joint decision making between the two boards.”

“The draft form 990 is reviewed in detail by management, reviewed by the finance and administration committee, then an updated version is presented to the board of directors for review, comment, and acceptance before filing.”

“The conflict of interest policy is reviewed and signed by each staff and director annually. The form includes space for directors or staff to disclose any potential conflicts.”

“In december 2007, the organization engaged in a thorough compensation analysis resulting in a revision of the job classification and pay grade system. A new analysis will be performed in fiscal year 2017 (tax year 2016).”

“Copies of the governing documents, conflict of interest statements and the form 990 with accompanying schedules are available to the public upon request at the organization's office.”

“See line 4a description regarding go build cobb initiative.”

“Adjustment made for cash to accrual method -10,432. To capitalize assets which were expensed in prior years 18,400.”

“Cobbworks, inc. Is making a change in its method of accounting from cash method to accrual method, effective july 1, 2016 to comply with generally accepted accounting principles and uniform guidance for purposes of administering federal funds and complying with annual financial statement audit requirements.”

“The finance and administration committee issued a request for proposal to secure an independent cpa firm to perform an audit and prepare the form 990.”

“Cobbworks, inc. (the organization") is a not-for-profit organization formed under section 501(c)(3), located in marietta, ga. The organization was formed in 2001 to design and maintain a system of public and private resources that provide workforce development activities in cobb county, including assisting people with finding jobs, helping businesses find workers and design training programs and funding people to receive training.”