Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE PURPOSE OF THE AMENDMENT IS TO EXPAND THE SCOPE OF PUBLIC ENTITIES THAT MAY BE CONSIDERED FOR ASSOCIATE (NON-VOTING) MEMBERSHIP. CURRENTLY, ONLY COUNTIES AND VILLAGES MAY BE ASSOCIATE MEMBERS. THE PRIMARY INTENT OF EXPANDING THE CATEGORIES OF ASSOCIATE MEMBERS IS TO INCLUDE PUBLIC ENTITIES OTHER THAN TOWNSHIPS, SUCH AS FIRE AUTHORITIES, LIBRARIES AND OTHERS, IN THE MTA WORKERS COMPENSATION SELF-INSURANCE FUND (MTA/WCSIF). | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS THREE TYPES OF MEMBERSHIP: TOWNSHIP, TOWNSHIP OFFICIAL, AND ASSOCIATE MEMBERSHIP. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TOWNSHIP OFFICIAL MEMBERS MAY VOTE ON BOARD OF DIRECTORS. THESE MEMBERS VOTE ON BOARD MEMBERS THAT REPRESENT THEIR GEOGRAPHICAL AREA ONLY. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES IN THE ORGANIZATIONS BY-LAWS BY THE BOARD OF DIRECTORS IS SUBJECT TO APPROVAL FROM THE TOWNSHIP OFFICIAL MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DIRECTOR OF OPERATIONS AND TREASURER REVIEW FORM 990. AFTER THEIR APPROVAL, IT IS MADE AVAILABLE TO THE FULL BOARD. AFTER ANY CONCERNS PRESENTED BY THE BOARD ARE ADDRESSED, THE TREASURER SIGNS AND FILES THE RETURN. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER, THE EXECUTIVE DIRECTOR, AND THE DIRECTOR OF OPERATIONS ARE REQUIRED TO COMPLETE AND SIGN A STATEMENT OF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EACH YEAR. A LIST OF ANY SUSPECTED CONFLICTS OF INTEREST ARE REVEIWED BY THE EXECUTIVE DIRECTOR AND REPORTED TO THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | MTA HAS AN INDEPENDENT CONSULTANT REVIEW AND ANALYZE THE SALARY SCHEDULE EACH YEAR. THE FINANCE COMMITTEE MAKES SALARY RECOMMENDATIONS AND THE BOARD APPROVES THE SALARY SCHEDULE EACH APRIL FOR THE NEXT FISCAL YEAR. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -8,542. |
| OVERSIGHT OF AUDIT | FORM 990, PART XII, LINE 2C | MICHIGAN TOWNSHIP ASSOCIATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| ELECTION OUT OF BONUS DEPRECIATION | FORM 4562 | EMPLOYER IDENTIFICATION NUMBER: 38-1536994 FOR THE YEAR ENDING JUNE 30, 2011 MICHIGAN TOWNSHIP ASSOCIATION, HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL 50% DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR THE FOLLOWING QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING JUNE 30, 2011. ALL PROPERTY IN THE 3, 5, 7, AND 15 YEAR CLASS. SEE ATTACHED FORM 4562. |
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