Peace River Center for Personal

“The board may, by resolution, designate three (3) or more of their number to constitute an executive committee which, to the extent provided in such resolution, shall have the powers of the board between meetings of the board. Copies of minutes of its meetings shall be sent to each director promptly after each meeting.”

“The independent accounting firm that performs the annual audit also assists in preparing the form 990. Management provides the accounting firm with the additional information necessary to complete the form 990, and reviews for accuracy. The completed form 990 is then presented to the finance committee which reviews and accepts after all questions are answered. The finance committee makes a copy of the form 990 available to the full board for review prior to filing.”

“The conflict of interest policy is reviewed and approved annually by the board of directors. Board members, officers and members of senior management must review and sign a statement annually disclosing or updating their interest, and those of their family members, that could give rise to a conflict of interest in the operations of peace river center. As matters come forward for board decision, each interested party is responsible for disclosing any conflict of interest and all facts material to the conflict of interest to the board, whether or not the interested party will attend the meeting at which such decisions or actions will take place. The disclosure shall be reflected in the minutes. Upon disclosure of conflict of interest by an interested party, the board will follow the following procedures. The matter under discussion should be investigated and presented by a non-interested party. The interested party may be requested to leave the meeting after the interested party has had an opportunity to discuss the matter. The transaction can only be passed by a majority of board members present, not including the interested party if that person is a board member. The board minutes should reflect the fact that the interested party was not present, and should record a roll call of the vote. The roll call should reflect who was present for the vote, but not necessarily how they voted.”

“An executive compensation committee was formed and a chair of the committee was appointed. An evaluation of the ceo's performance was obtained and reviewed, this was accomplished by surveying the board members. To update and validate the range of recommended compensation for the ceo position, the chair obtained national survey data for comparable mental health and health care entities. In addition to this survey data, the committee obtained ceo compensation information through guidestar from forms 990 for selected florida community mental health entities that the committee felt were comparable both in budget and scope of services managed. Using a combination of the national survey data and the florida ceo compensation figures obtained thorugh guidestar, the committee developed and recommended an updated ceo compensation range for the current fiscal year. The range was recommended to the executive committee who compared to the current compensation for the ceo and a recommendation was then made to the board for action to adjust accordingly. The ceo reviews the performance of the other corporate officers and periodically reviews salary ranges. The human resources department coordinates and conducts the salary surveys.”

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Peter golotko is a principal in a firm that manages retirement plans. This firm has been retained by peace river center to manage the 401k plan and is a co-fiduciary in the administration of the plan. The firm receives compensation from the plan participants. The firm was selected through a competitive bid process.”