Behavioural Health Resources

“The board will receive a copy of the return after filing with the irs.”

“The conflict of interest form is filled out by each board member and management staff annually or when a new member or employee is hired. Conflicts include doing business witgh the member or a personal relationship. A business relationship is reviewed to determine materiality, if any. If a member of the board has a conflict of interest, that member cannot vote on any issue that affects the conflict. Conflicts of interest are considered by the full board before a party is elected to become a member. If a conflict is too great an issue, that party is not elected to become a member of the board.”

“Ceo compensation is reviewed by the full board on a biannual basis. The board is given comparative data for our area. Other highly compensated employees are compensated at rates comparable to our area. Ceo compensation was last reviewed in may 2016. Other positions are reviewed at the date of hire.”

“Financial audits are mailed to each individual contractor that requires it. Financial statements are mailed on a quarterly basis to the bank that carries the mortgage. Other financials are provided for grant applications upon request. The governing documents and conflict of interest policy are available upon request.”

“Change in accounting principle - during 2017, the organization implemented the requiremnts of the financial accounting and standards board's accounting standards update no. 2015-03 - interest - imputation of interest (subtopic 835-30): simplifying the presentation of debt issuance costs (asu 2015-03). Asu 2015-03 changes the accounting for debt issuance costs (financing costs) by requiring that such costs be reported on the statements of finacial position as a direct deduction to the related debt liability. Previously, financing costs were reported as a deferred charge asset on the statements of financial position. The organization has restated the 2016 finacial statements to conform to the 2016 presentation and as a result $16,352 of unamortized financing costs were relcassified from capitalized costs to long-term debt on the statements of financial position as of june 30, 2016.”