1199Seiu Bill Michelson Home Care Education Fund

“All of the union trustees are also employees of 1199seiu (the union) and therefore have a business relationship with each other.”

“The union trustees are appointed by 1199seiu united healthcare workers east, and the employer trustees are appointed by the contributing employers.”

“The chief financial officer and finance team reviews the draft form 990 and confer with the accountants and legal counsel to ensure the accuracy of the return. Any concerns are noted and addressed and management ensures that the changes are incorporated in the form 990. The completed form 990 is then signed by the executive director.”

“As of december, 2008, trustees and employees are required to annually disclose or update to the executive director, or designee, their interests that could give rise to conflicts of interests. For each interest disclosed by a trustee, the executive director or designee will determine whether to (a) take no action (b) assure full disclosure to the trustee (c) ask the trustee to be recused from participation in related discussions or decisions; and or (d) ask the trustee to resign. Regarding employees, completed conflicts of interest disclosure forms will be reviewed by the human resources department and disclosed conflicts will be reviewed by human resources management.”

“Compensation for all directors, officers and key employees of the fund is determined by the cross funds compensation committee (the "committee"), comprised of independent members. The committee utilizes appropriate data as to comparability in its determinations, including information provided by independent compensation consultants. The committee documents the basis for any compensation determinations contemporaneously in the minutes of the committee. The committee determines compensation periodically as it deems appropriate.”

“UPON REQUEST.”

“Spd and financial reports are made public pursuant to irs filing requirements. Written requests for other information will be forwarded to general counsel's office for consideration.”

“All officers and key employees are paid by the 1199seiu league training and upgrading fund for their services performed for the 1199seiu funds. Their salaries are then allocated to each fund based on the amount of services provided to each fund and is reported as if paid by the filing organization.”

“W-2's are issued to participants of the plan who receive direct payment of benefits.”

“The fund's audit committee assumes responsibility for the oversight of the audit and the selection of the independent accountant. The process has not changed from the prior year.”