Texas Association of County Officials

“Membership consists of the state's 254 counties.”

“Form 990 is prepared by a cpa firm and is reviewed by the chief financial officer and tac's legal department before final submission to the internal revenue service. The form 990 will be provided to the board members via email or access through a portal.”

“The tac conflict of interest disclosure form and agreement must be completed, signed, and submitted by all leaders (as defined in the conflict of interest policy) on an annual basis. New matters subject to disclosure that arise during the year must be reported within 30 days. Any financial transactions, relationships or business interests that are considered potential conflicts are to be reported. If the board of directors or executive director determines that a particular relationship or transaction constitutes a significant conflict of interest, the actual, potential or apparent conflict may be resolved in one of the following manners: 1) waive the conflict as unlikely to affect the leader's ability to act in the best interests of the organization; 2) determine that the individual leader should be recused from all deliberations and decision-making related to the particular transaction which gives rise to the conflict; or 3) in a manner consistent with the organization's bylaws and constitution, determine that the individual leader should resign from his/her service to the organization if, as a result of the conflict, the leader knowingly acted contrary to the best interests of the organization. Pursuant to the policy, the organization's financial records are also reviewed by designated staff to ensure any financial transactions subject to the policy were reported. All of the organization's employees are also subject to a conflict of interest policy and must complete a disclosure form on an annual basis, with any updates reported within 30 days.”

“The board of directors establishes the compensation of the executive director at the time the budget is approved. The executive director independently establishes the compensation of all employees, including key employees, after referencing any available compensation surveys that are reasonably current and relevant. The board of directors approves payroll as part of adopting the budget, and this process is documented in the minutes of the board.”

“Governing documents, conflict of interest policy, accounting policy, fraud prevention policy, ethics policy, and audited financial statements are available upon request.”

“Postretirement benefit adjustment 204,184.”