Valley Water Supply Corp

“Line 2 explanation - Secretary/Treasurer, Becky Hodges and Board Member, Benny Robertson, have relationship, brother/sister-in-law.”

“Line 6 explanation - Valley Water Supply is organized as a not-for-profit corporation with members.”

“Line 7a explanation - Membership elects board of directors.”

“Line 7b explanation - Changes to the By-Laws can only be made by membership.”

“Line 11a explanation - After the tax return is prepared by a third party, the board reviews the 990 at a board meeting. The authorization to e-file the return is then signed by the president and returned to the ERO for filing.”

“Following the annual meeting, officers, directors and key employees are required to disclose (via written documentation) any financial interest and/or financial benefits in conflict with Valley WSC's interest. Disclosure is also required by officer/member/key employee of any financial vendor relationships with family members. An officer/member/key employee shall file the required conflicts disclosure statement with respect to an applicable vendor if the vendor enters into a contract with valley WSC or if Valley WSC is considering entering into a contract with the vendor, and the vendor has 1) an employment or other business relationship with the officer/member/key employee receiving taxable income that exceeds $250 during the 12-month period preceding the date the officer becomes aware that a contract has been executed or VWSC is considering entering into a contract with the person; or 2) has given the officer/member/key employee or family member one or more gifts that have an aggregate value of more than $250 in the 12-month period preceding the date the officer/member/key employee becomes aware of any contract or purchase should be disclosed.”

“All documents are available upon request at any time for every officer, board member, or member to review.”

“OTHER CONTRACTED SERVICES: Program service expenses 22896. Management and general expenses 0. Fundraising expenses 0. Total expenses 22896. OTHER PROFESSIONAL SERVICES: Program service expenses 3906. Management and general expenses 0. Fundraising expenses 0. Total expenses 3906.”