Oxnard Peace Officers Assn Benefit Trust

“There are five Trustees, three of whom are selected by the members of the Oxnard Peace Officers' Association (OPOA) and two of whom are appointed by the Board of Directors of the OPOA. In the event of early termination of appointment, resignation or death of a Trustee, the President of the OPOA shall select, with the express approval of the Board of Directors of the OPOA, a successor Trustee for the remainder of that term. An appointed Trustee may be terminated at any time by a twothirds vote of the OPOA Board of Directors. An elected Trustee may be terminated at any time by a twothirds vote of the general OPOA membership.”

“The Plan has no separate committees.”

“Chairman of the Board of Trustees reads Form 990 for completeness and accuracy, and compares the amounts to the audited financial statements for consistency, before signing and filing with IRS.”

“The Board of Trustees meets regularly to review and monitor Trust activities. All board members are covered by the conflict of interest policy and have the duty to disclose any conflict of interest as soon as it is discovered. There have been no incidences of any conflict.”

“The trust has no employees and paid no compensation to its trustees or officers.”

“The trust's governing documents, conflict of interest policy, and financial statements are available to the public upon written request. The trust's summary annual report is provided to participants on an annual basis.”

“The trust's whistleblower is covered in the article vi section 2g of the trust agreement.”

“The trust's document retention and destruction policy is covered in the article vi section 2d of the trust agreement.”

“Michael Thomas - c/o Oxnard Police Dept., 251 South C Street, Oxnard, CA 93030. Mike Marostica - c/o Oxnard Police Dept., 251 South C Street, Oxnard, CA 93030. Andrew Pinkstaff - c/o Oxnard Police Dept., 251 South C Street, Oxnard, CA 93030. Michael Blanchard - c/o Oxnard Police Dept., 251 South C Street, Oxnard, CA 93030.”

“On November 3, 2016, the Board of Trustees adopted the resolution to distribute the assets prior to January 1, 2017 and to terminate the Plan. The Plan management determined liquidation is imminent. As a result, in accordance with accounting principles generally accepted in the United States of America, the liquidation basis of accounting was used in presenting the financial statements.”

“The Board of Trustees assumes the responsibility for oversight of the audit of its financial statements. There is no separate audit committee.”