East St Tammany Rainbow Child Care Center

“An independent cpa performs a compilation report on our inancial statements and the statements conforms to generally accepted accounting principles in the u.s. Our financial committee oversees the compilation function. The cpa presents his report to an stablished financial committee.”

“The organization requires all members of the governing body, as well as present and past board members and their families to be aware of the issues of conflict of interest, proper business relationships, and independence in all dealing between them and the organization. A yearly questionaire and statement is signed by all individuals concerned.”

“A meeting of the board is held to discuss compensation issues for executive director and any key employee. The job requirements are discussed and a study is performed to consider comparable job requirements and pay by other similiar organizations in the ares. Use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations was considered. Members involved in the process will be independent as to the person involved.”

“Board members are not paid for their time and effort to help our organization. The executive director is hired based on the necessary qualification to confront this job. Pay is based on the job market in our area for a qualified executive type individual in order to represent our organization to the community and also manage the child care center employees. Our pay will be commenserate to the other executive directors of similiar non profits in this area. The board reviews and approves the pay for all employees. The board considers the job task involved and the equivalent pay for similiar jobs in this area.”

“The governing documents, conflict of interest policy and financial statements are available to the public for inspection upon written request. The request maybe made at the center or business office.”