Associated Students UCLA

“Three decisions of the governing body are subject to approval by another person, the ucla chancellor. These decisions are: 1) changes to the constitution, 2) the 5-year forecast, and 3) the annual budget. Approval of changes to the constitution is explained in the asucla constitution as follows: "any amendment to the constitution is subject to the approval of the chancellor before it can take effect." approval of the 5-year forecast and annual budget is explained in the advance agreement with ucla dated may 31, 1996 as follows: "the 5-year forecast and each subsequent revision shall be subject to the review and written approval of the chancellor or his/her designated representative, prior to implementation. The annual budget and each subsequent revision shall be subject to the review and written approval of the chancellor or his/her designated representative, prior to implementation."”

“The form 990 is prepared by the finance department of the organization, and reviewed by both the director of financial planning/treasury and the cfo prior to review by an outside tax accounting firm. A copy of the form 990 is available to the board.”

“Board of directors are subject to the written conflict of interest policy as outlined in the board constitution and policies which are presented annually to all new and existing board members. For the board of directors, the procedures for addressing any conflict of interest includes, but is not limited to, the following: 1)approval by a committee authorized by the board; 2)ratification by the board at its next meeting by a vote of the majority of the members of the board then in office without counting the vote of the interested member or members. Officers and key employees are required annually to sign the ethical conduct of business & conflict of interest statement confirming that they have read, understood, and agree to adhere to asucla's policy on conflict of interest. By signing this document, they agree that they are aware of no violation of the policy or potential violations by themselves, members of their immediate family, or employees who report to them, and they agree to report any potential future conflicts to asucla.”

“The board appoints a personnel committee, comprised of independent parties that do not have a conflict of interest with respect to the compensation arrangement, which reviews and approves the ceo's level of compensation, and annual raises and bonuses. Because the organization must remain consistent with university guidelines, salaries, bonuses and raises for the ceo are required to adhere to university guidelines.”

“The organization's form 990 and 990-t are available for public inspection upon request.”

“The organization's governing documents and financial statements are available on its own website. The organization's conflict of interest policy is available upon request.”

“Other program services provided by asucla include serving as the independent publisher and operator of student communications media at ucla, and providing facilities for various service providers on campus.”

“Debt principal forgiveness on refinanace 494,622”