Headwaters at the Comal

“Bylaws were updated and composition of members was changed.”

“The new braunfels utilities board of trustees has final approval on members of the headwaters board.”

“The organization does not have committees with the authority to act on behalf of the governing body.”

“Finance committee of the board reviews and recommends changes.”

“The board discusses every contract at the board level and have ample opportunity to discuss potential or actual conflicts. There have been no potential conflicts recorded.”

“In conjunction with nbu management the board of the headwaters non-profit jointly reviewed the performance of the headwaters managing director. The performance was based on mutually agreed upon goals and performance measures. Compensation was based on available comparibility data.”

“The documents are available upon request.”

“Headwaters of the comal (headwaters) and new braunfels utilities (nbu) are in fact related entities. Furthermore, there are a number of employees of nbu that serve as members of the board of directors of headwaters. Because of the related entity nature of these two organizations, it has been determined that these employees' compensation needs to be listed on headwaters' form 990 and disclosed in the applicable related organization sections of the form 990, (e.g., part vii, columns e and f and schedule j, part ii, row (ii) and schedule j part iii). However, it is important to note that the compensation reflected for these employees is not reflective of their time spent on headwaters related business or related to headwaters funding but is exclusively due to their position as employees of nbu and therefore paid by nbu.”

“Construction documentation & administration services: program service expenses 1,132,539. Total expenses 1,132,539. Project management services: program service expenses 77,494. Fundraising expenses 17,780. Total expenses 95,274.”