Colorado Golf Association

“Currently there are no written policies and procedures governing the activities of the CGA Western Chapter. However, the Executive Director makes an annual trip to attend the Western Chapter annual meeting and discusses operations. Two members of the board of governors are also members of the Western Chapter governing board and are familiar with the policies and procedures of CGA.”

“The board treasurer and presidents receive a copy of the Form 990 for detailed review prior to filing. All other board members are also afforded the opportunity to review the return if desired prior to filing with the IRS.”

“Conflict of interest disclosures are required to be completed annually by CGA officers and board members.”

“The process for determining compensation includes Colorado Nonprofit Association and IAGA salary surveys, board budget committee approval, board chairman and executive director review. Compensation is included in a written agreement.”

“CGA bylaws are available on the Colorado Secretary of State website and the financial report is available on the Colorado Secretary of State Charitable Organization report.”

“Solich Academy Expenses: Program service expenses 63,395. Management and general expenses 66,733. Fundraising expenses 0. Total expenses 130,128. Event Expense: Program service expenses 13,692. Management and general expenses 2,466. Fundraising expenses 55,584. Total expenses 71,742. Volunteer expenses: Program service expenses 43,967. Management and general expenses 5,025. Fundraising expenses 533. Total expenses 49,525. Sponsorships: Program service expenses 42,678. Management and general expenses 2,751. Fundraising expenses 292. Total expenses 45,721. Other Programs & Outreach: Program service expenses 42,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,290. Miscellaneous: Program service expenses 13,463. Management and general expenses 27,662. Fundraising expenses 544. Total expenses 41,669. General contributions: Program service expenses 9,052. Management and general expenses 4,166. Fundraising expenses 442. Total expenses 13,660. Dues and subscriptions: Program service expenses 3,176. Management and general expenses 1,462. Fundraising expenses 155. Total expenses 4,793.”

“CGA's share of CCGO gain 301,714. Other adjustment”

“There was no change to the audit oversight process during the year.”