Salmon Library Association

“The library has members that have voting rights. There are no stockholders for this entity. The members are the governing body, there are 5 voting members.”

“Member election for additional members. The library has an annual meeting the second tuesday of november when new members may be voted in.”

“The members that form the governing body oversees the daily operations, financial activities and the basic day to day issues for the library.”

“Section b, line 11a.the form 990 is reviewed by the members of the library on an annual basis. The president & director have a meeting to go over the pertinent financial information with the board of directors.section b. - general data - policies and procedures.the library is always reviewing their policies and have made this a priority as they conduct their non-profit activities in the lemhi valley.”

“Section b. Policies 12a - 12c.the library board monitors annually their conflict of interest policy. A copy can be provided upon request.section b. Key employees 15a - 15b.none of the board is compensated. There was several employees for 2014. There is no fringe benefit package for any of the directors, employees, etc. The compensation of any employees is approved by the board each year.section b. 16a.there are no joint ventures or arrangements with any taxable entities. The public library operates on its own finances and has a few volunteers who provide some help.section b. 13. Section b. 14.the library is also working on a written document retention and distribution policy. The library is currently following a standard protocol used by similar library entities in idaho.”

“All of the books and records are open to the public upon request.”

“Rounding of (1)to reconcile fund balance at year end.”