Sac-Joaquin Section of the California

“MEMBERSHIP IN THE CALIFORNIA INTERSCHOLASTIC fEDERATION SHALL BE OPEN TO REPRESENTATIVES FROM PUBLIC AND PRIVATE HIGH SCHOOLS OF THE STATE OF CALIFORNIA. SUCH REPRESENTATIVES FROM LEAGUES IN TEH SECTION SHALL BE DULY ELECTED AND SERVE ON THE BOARD OF MANAGERSTHE SAC-JOAQUIN SECTION OF THE DIF IS GOVERNED BY THE BOARD OF MANAGERS , WHOSE VOTING MEMBERS INCLUDE REPRESENTATIVES FROM MEMBER LEAGUES, SUPERINTENDENTS, SCHOOL BOARD ASSOCIATIONS AND PRIVATE SCHOOLS.”

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management and the organization's commissioner. After a full review, the final vrsion of the tax return is provided to all member's of the organization's voting body. A representative of management authorizes the final form 990 which is then efiled with the internal revenue service.”

“Members of the board of managers review all potential conflicts of interest periodically. Top management and board members are required to disclose potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organizaiton seels full transparency on all relationships. Any potential conflicts, in fact or appearance, are discussed openly and reolved. In accordancw with the organization's policies and procedures.”

“Members of the board of managers review the compensation of all high-level personnelon a periodic basis. Efforts are made to secure compensation data from authoritativesources in order to determine competitiveness and appropriateness of salaries andall related benefits. Final salary levels are based upon 10 local school districtaverage compensation levels for comparable positions. Final recommendations areapproved by the board of managers”

“Compensation of other high-level personnel and key employees is reviewedperiodically by members of management. Efforts are made to secure compensation datafrom authoritative sources in order to determine competitiveness and appropriatenessof salaries and all related benefits. Final salary levels are based upon 10 localschool district average compensation levels for comparable positions. Finalrecommendations are approved by the board of managers and data is placed inpersonnel files.”

“Tax returns are available for download from several websites and by request from the organization's office in elk grove, california.”

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) andare also available by request from the organization's office in lodi, california.many of the legal and operational documents are posted on the organization's websiteat www.cifsus.org.”

“Pension Obligation Acturial Adjustment = $60927”

“Prior period adjusrments for property and equipment = $334784”

“Under the california nonprofit integrity act, an exempt organization with annualrevenue of $2 million or more is required to have an audit committee to select anaudit firm, review the audit, and approve the audit of its annual financialstatements. The audited financial statements are prepared by a qualified andlicensed independent audit firm. The audit report is reviewed and approved by theorganization's management and the board of directors.”