Economic Development Commission of Florida'S Space Coast Inc

“A draft of the form 990 and required attachments is presented to the finance council and senior edc staff by the cpa preparing the return, prior to filing. The finance council approves the return for filing.”

“Prior to a vote for action by the edc which may result in a conflict of interest, members are asked to identify any potential conflict related to the item. If a conflict is present, they are asked to dismiss themselves from the discussion/vote.”

“Presidents review committee each year, a committee of at least four shall be selected by the immediate past chairman of the board to review the presidents performance and recommend adjustments to the presidents compensation package. The committee shall be chaired by the immediate past chairman of the board of the edc and shall include the current chairman of the board. The remainder shall be composed of previous chairpersons of the edc. A salary comparison/benchmark of area economic development organizations will be conducted as requested by the immediate past chairman of the board; at minimum, every 3 years. Considerations for the comparable organizations shall include budget, staff size and competitive position. Prior to the first meeting, a performance questionnaire shall be distributed to the executive committee members requesting feedback regarding the presidents performance for the year. This will serve as a basis for review discussions and development of annual goals. Responses will be directed to the immediate past chairman of the board or his designee.”

“Staff salary reviews staff salaries are reviewed annually and adjusted based on performance, level of responsibilities, and salary comparisons. The president & ceo approves all salaries.”

“Governing documents, corporate policies, and financial statements are available upon request at the edc's office.”

“Members of the board of directors and others in the community, totaling 300 volunteers, provided service during fiscal 2015-2016.”