Fellow HHSC'rs Below are questions that I've complied for our training session next Saturday. I tried to maintain the essence of the questions while reducing duplication among similar questions asked by multiple people. These will be forwarded to our instructor today. This is also another plug for the training. So far I've received replies from 13 members other than board members who plan to attend. If this list of questions inspires more questions out of you, please reply. Also, if my persistence is convincing you to attend, please send me an email by Wednesday. Thanks, Jim HHSC Non-Profit Training Questions 3-1-03 Financial information to the General Public 1. What financial information is required to be given to the general public? 2. What format and timeliness is required for its presentation? 3. How should specific requests for information be dealt with? Financial information to the HHSC Club Membership 4. What financial information is required to be given to the club membership on a regular basis (detail, format, monthly, quarterly, annually). 5. What are typical "best practices" for financial disclosure to memberships? 6. What financial information should be made available to club members upon request? 7. What procedures should be developed to handle such requests? Financial information to the HHSC Board of Directors 8. What financial information is required to be given to the HHSC Board on a regular basis (detail, format, monthly, quarterly, annually). 9. What are typical "best practices" for financial disclosure to Board members? 10. What financial information should be made available to Board members upon request? 11. What procedures should be developed to handle such requests? 12. What specific actions is the Board required to take regarding financial activities (motions on accepting financial reports etc.) 13. Does the board have the authority to restrict anyone from giving HHSC financial information to people outside the corporation? 14. What HHSC financial information is considered "private"? Other Financial Questions 15. How should we account for the Junior Organization's finances since they use HHSC's tax exemption? 16. Do we have to (or should we) have an annual financial audit if we do not meet the legal requirement to do so? 17. Currently the aircraft fleet is maintained on the books at market value. This results in a qualified opinion from our auditors since we do not depreciate them. Should we be doing something different with asset depreciation? Conflicts of Interest 18. Some board members and club members also hold positions as HHSC employees, licensing/inspection officials and vendors. How should the organization manage these three types of conflicts of interest? 19. Can anyone who is a board member (or even HHSC member) perform work for HHSC for compensation as long as the potential conflict of interest is known and understood by all board members and as long as we have some assurance that the price is fair? 20. Should members of these three groups be restricted from serving as board members? 21. What are "best practices" for managing conflicts of interest? Other Questions 1. Suggested procedures for addressing, reporting and maintaining anonymity to received written grievance reports. 2. When does liability for actions as board members cease? Upon resignation from the board or do decisions made while I was a board member follow me forever? James E. Webb, Ph.D. Senior Product Engineer - Components Photonic Technologies Corning Incorporated SP-BN-01 607-974-1890 - - - - - - - - - - - - - NEW!- See HHSC Calendar on-line at http://www.calsnet.net/hhsc - NEW! For address changes or deletion from this e-mail list, contact "webmaster[at_sign]harrishillsoaring.org". To send a message to all HHSC subscribers, simply address an e-mail to "hhsc1@xxxxxxxxxxxxx". - - - - - - - - - - - - -