| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TERRY BLADES AND PERRY BLADES HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | 990 IS REVIEWED BY FUND ADMINISTRATORS & FUND CONSULTANT UPON RECEIPT FROM THE FUND AUDITOR AFTER THE FUND AUDIT. IT IS THEN SENT TO THE TRUSTEES OF THE BOARD PRIOR TO THE BOARD MEETING AT WHICH THE FORM 990 IS FORMALLY APPROVED BY THE BOARD. AFTER APPROVAL, IT IS FILED BY THE SPECIFIED DEADLINE |
| FORM 990, PART VI, SECTION B, LINE 12C | TRUSTEES/EMPLOYEES OF FUND HAVE DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. THEY MUST DISCLOSE EXISTENCE OF FINANCIAL INTEREST & BE GIVEN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO TRUSTEES DELEGATED POWERS CONSIDERING PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF FINANCIAL INTEREST & MATERIAL FACTS AND AFTER DISCUSSION WITH INTERESTED PERSON, BOARD WILL DISCUSS & VOTE TO DETERMINE IF CONFLICT OF INTEREST EXISTS. IF IT DOES EXIST, BOARD CHAIRMAN SHALL, IF APPROPRIATE, APPOINT DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO PROPOSED TRANSACTION OR ARRANGEMENT. BOARD SHALL THEN DETERMINE IF FUND CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION/ARRANGEMENT FROM PERSON/ENTITY THAT WOULD NOT CAUSE CONFLICT OF INTEREST. IF SUCH MORE ADVANTAGEOUS TRANSACTION/ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING CONFLICT, BOARD SHALL DETERMINE BY MAJORITY VOTE OF DISINTERESTED TRUSTEES WHETHER TRANSACTION/ARRANGEMENT IS IN FUND'S BEST INTEREST, FOR ITS OWN BENEFIT, AND IF IT IS FAIR AND REASONABLE. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN DETERMINING WAGE INCREASES FOR FUND EMPLOYEES, BOARD REVIEWS CURRENT & PROJECTED FINANCIAL STATUS OF FUND, INCLUDING CURRENT/PROJECTED COST OF LIVING TRENDS & EMPLOYEES' WORK HISTORIES/JOB PERFORMANCES. TRUSTEES ARE NOT COMPENSATED. THE FUND, AS IT IS SELF ADMINISTERED, DOES HAVE FUND EMPLOYEES WHO RECEIVE WAGES/BENEFITS TO ADMINISTER THE PLAN. |
| FORM 990, PART VI, SECTION C, LINE 19 | THEY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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