Florida West Coast Public Broadcasting Inc.

“Prior to signature and filing, the audit committee will review, make any necessary changes, and approve the forms 990 and 990t. Electronic copies will then be sent to the board of directors for their review. The documents will be filed after board member questions and comments have been addressed.”

“Annually, all board members and key employees review and sign the conflict of interest compliance form. Should any potential conflicts of interest exist, the matter will be reviewed by the executive committee to determine whether a conflict exists or not. If a conflict of interest does exist, this board member will a) refrain from influencing either management or board members, b) withdraw from the portion of the meeting in which the matter at issue is discussed, and c) abstain from voting and not be present for the vote.”

“The executive committee compensation review committee, a sub-committee of the executive committee, reviews the ceo compensation annually and recommends any changes to the executive committee, after reviewing comparability data. The executive committee will then approve adjustments in the compensation of the ceo. The executive compensation review committee and the executive committee document their decisions, including the data on which they relied. The ceo reviews and approves other officers and key employee's compensation, after reviewing comparability data, and documents the decisions made.”

“The organization's irs form 990 is available on its website. The form 1023 and 990t are available upon request.”

“The organization makes its financial statements available to the public on its website.”

“Investment in the digital convergance alliance -183,635.”

“The process for oversight of the audit and selection of an independent accountant has not changed from the prior year.”

“On march 1, 2013 wedu entered into agreements with the corporation for public broadcasting (cpb) and the digital convergence alliance (dca) as a founding member of the network operations center (noc). Cpb awarded a $7 million grant to the digital convergence alliance (dca), comprising 11 public television stations that serve communities in florida, georgia, texas, wisconsin, and illinois, to combine their operations into a single master control location. Specifically, cpb's grant will allow the dca to establish the noc, resulting in projected lower direct costs and a projected savings of more than $20 million over 10 years. Wedu accounts for its investment in the dca as an investment in a cooperative. Under this method of accounting, wedu's investment in dca is increased or reduced by wedu's allocation of dca's net income or losses. For the years ended september 30, 2017 and 2016, wedu's share of loss was $183,635 and $95,285, respectively, which consisted primarily of wedu's share of depreciation on broadcast equipment. The carrying amount of the investment in dca was $384,818 and $568,453 as of september 30, 2017 and 2016, respectively.”