Oro Valley Country Club Inc

“Persons at least 21 years of age may hold membership in oro valley country club. A membership certificate is issued to each equity member and is signed by the president and the secretary of the club. Each membership certificate is evidence of the membership status of the holder and of his/her interest in the club's real property and other assets, share and share alike.”

“The board of directors is elected by members at an annual election held each november. The secretary gives at least twenty days notice by mail of the date, hour and place of the annual meeting and encloses a ballot containing all the names of the candidates nominated for directors. Only equity members in good standing may vote. "member in good standing" is a member who is current or not more than thirty days in arrears in payment of dues, assessments, or other incurred financial obligations or one who is not under suspension or expulsion. The board may appoint a new board member in the event of a vacancy. This appointment lasts until the next election is held. The voting membership has the right to remove any director, for cause, by a majority vote.”

“The board of directors shall not have the authority, without first being authorized by an affirmative vote of at least 60% of the equity members who cast ballots in accordance with the voting requirements established by the bylaws to: a) increase the amount of the annual dues for equity members by more than 4% in one fiscal year; b) make or commit the club to capital expenditures in excess of $225,000 in any fiscal year; c) commit the club to increase its total long-term debt by more than $50,000 in any fiscal year; d) commit the club to have any outstanding short-term debt in an aggregate amount in excess of $50,000 for operating funds; e) levy any assessments; or f) sell or lease real estate owned by the club. In addition, only voting members shall have the right to adopt, amend or repeal the bylaws.”

“Oro valley country club, inc. Ceased all operations during fiscal year june 30, 2015. The board of directors was no longer in place at the time the tax return was filed. Therefore, the tax return was not reviewed by the governing body before filing.”

“All board members are periodically reminded that any conflicts of interest must be reported to the board president. This is also discussed at board meeting and prior to any votes involving potential conflicts. Should a conflict be reported and/or determined, action would be taken to ensure that such conflicts do not interfere with lawful and ethical decision making.”

“The general manager's salary was determined by a review of compensation data of comparable positions within southern arizona from the cmaa. The review was last performed in june 2013.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to members on request.”

“The organization ceased operations and sold all of its assets during fiscal year ended june 30, 2015.”

“Book depreciation greater than tax depreciation -6,629.”