Yolo County Arts Council

“No review was or will be conducted.”

“An annual budget will be reviewed and approved by the Board of Directors in a 2nd quarter or June meeting prior to the start of the fiscal year. Any expenditures not included in the budget must be approved by the Board Executive Committee, unless the Board specifically grants the Executive Director the right to make discretionary expenditures within certain monetary guidelines.The Treasurer will provide the Board with quarterly financial statements. An independent accountant shall make the necessary adjustments to the Yolo County Arts Council financial statements at the end of each fiscal year in order to complete an accurate income tax return (Form 990). This return shall be available for all Board members to review.The federal, government and attorney general reports shall be made available to the organization's board of directors by the organization treasurer or Executive Director. The organization adheres to policies and procedures set forth by the board of directors to improve tax compliance as suggested by the IRS. The policies include, but are not limited to, the policies regarding conflict of interest; whistle blower and document retention.”

“The executive director compensation is determined by an annual review by the executive committee (serving as the personnel and compensation committee) followed by full board of directors approval. This annual review includes consideration from comparable compensation data compiled from pay scales of regional organizations. The recommended action is then provided at the whole board of directors at a regular scheduled board meeting. The board then takes action/approval on the item by a vote. These recommendations and the meeting actions are recorded in the associations meeting minutes.”

“YoloArts makes the organization's 990 information, recognition of tax exemption along with other pertinent information widely available on yoloarts.org and guidestar.org websites. Physical copies of the information are accessible for review by the public at the YoloArts Office during normal business hours. Reasonable copies of documentation will be provided and/or mailed upon request.”