| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE TRUST HAS CONTRACTED WITH A THIRD-PARTY ADMINISTRATOR (A.W. REHN & ASSOCIATES, INC.) TO PROVIDE, BOOKKEEPING, ADMINISTRATIVE, AND CLAIMS ADJUDICATION AND PAYMENT SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BOARD OF TRUSTEES EXECUTED AMENDMENT NO. 4 TO THE TRUST AGREEMENT, WHICH IS EFFECTIVE JULY 22, 2023. THE AMENDMENT DISCUSSES THE COMPOSITION AND FUNCTIONS OF THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TRUST IS ADMINISTERED BY A SIX-MEMBER BOARD OF TRUSTEES, FOUR OF WHOM ARE ELECTED BY THE FONTANA POLICE OFFICERS' ASSOCIATION (FPOA), ONE OF WHOM IS APPOINTED BY THE BOARD OF DIRECTORS OF THE FPOA, AND ONE OF WHOM IS ELECTED BY THE FONTANA POLICE MANAGEMENT ASSOCIATION (FPMA). ELECTIONS AND APPOINTMENTS WILL BE IN ACCORDANCE WITH THE BYLAWS OF THE ASSOCIATION MAKING THE ELECTION OR APPOINTMENT FOR ITS ELECTIONS OF ITS GOVERNING BOARD AND ITS APPOINTMENTS, OR OTHER ACTIONS; PROVIDED HOWEVER, THAT THE FPOA AND THE FPMA MAY SET SPECIAL ELECTION RULES FOR TRUSTEES. THE TRUSTEE ELECTED BY THE FPMA WILL BE A NON-VOTING MEMBER OF THE BOARD, WHO HAS ALL THE RIGHTS OF A TRUSTEE (EXCEPT TO VOTE AND TO RECEIVE PRIVILEGED INFORMATION), INCLUDING SPECIFICALLY THE RIGHT TO REVIEW FINANCIAL REPORTS AND BENEFIT COST PROJECTIONS OF THE TRUST. IN THE EVENT OF THE TERMINATION OF APPOINTMENT, RESIGNATION, OR DEATH OF A TRUSTEE, A SUCCESSOR TRUSTEE WILL BE SELECTED ACCORDING TO FPOA'S BYLAWS FOR FILLING A VACANCY ON THE FPOA BOARD, UNLESS THE TRUSTEE WAS SELECTED BY THE FPMA, IN WHICH CASE THE SUCCESSOR TRUSTEE WILL BE SELECTED ACCORDING TO FPMA RULES FOR FILLING SUCH A VACANCY. EACH TRUSTEE SIGNS A DOCUMENT ACCEPTING HIS/HER POSITION AS TRUSTEE AND AGREEING TO ABIDE BY THE TERMS AND PROVISIONS OF THE TRUST AGREEMENT. ALTERNATIVELY, ACCEPTANCE IS DEEMED TO OCCUR BY ATTENDANCE AT TWO TRUSTEE MEETINGS AFTER THE PERSON'S ELECTION OR APPOINTMENT. IN ORDER TO AVOID TURNOVER OF THE FULL BOARD OF TRUSTEES IN A SINGLE YEAR, THE TRUSTEE TERMS ARE STAGGERED TO HAVE NO MORE THAN TWO TRUSTEE TERMS END IN THE SAME YEAR. IN PART 1 LINE 3, PART VI LINE 1A, AND PART VII SECTION A OF THE FORM 990, IT HAS BEEN DISCLOSED THAT THERE ARE 5 VOTING MEMBERS OF THE GOVERNING BODY. THIS IS DUE TO THE FACT THE TRUSTEE ELECTED BY THE FPMA IS A NON-VOTING MEMBER OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE TRUST HAS NO SEPARATE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED UNDER THE GUIDANCE OF THE BOARD OF TRUSTEES BY THE INDEPENDENT ACCOUNTING FIRM ANASTASI MOORE & MARTIN, PLLC. DRAFT COPIES OF THE TRUST'S FINANCIAL STATEMENTS AND FORM 990 WERE FIRST PROVIDED TO THE TRUST'S CONSULTANTS AND ADVISORS, WHO REVIEWED THE FORM 990 FOR ACCURACY AND COMPLETENESS. ANY QUESTIONS, CONCERNS OR ISSUES RAISED BY THE CONSULTANTS AND ADVISORS WERE ADDRESSED AND ANY NECESSARY REVISIONS WERE MADE TO THE FORM 990. THE REVISED FORM 990 WAS THEN PROVIDED TO THE BOARD OF TRUSTEES FOR ITS REVIEW AND APPROVAL. ANY ADDITIONAL QUESTIONS, CONCERNS OR ISSUES RAISED BY THE BOARD OF TRUSTEES WERE ADDRESSED AND ANY NECESSARY REVISIONS WERE MADE TO THE FORM 990. THE FINAL VERSION OF THE FORM 990 WAS REVIEWED AND APPROVED FOR FILING BY THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE WHEN THEY FIRST JOIN THE BOARD AND UPDATE THAT DISCLOSURE WHENEVER THE INFORMATION CHANGES. THE BOARD REVIEWS THE CONFLICT-OF-INTEREST POLICY AND DUTIES OF DISCLOSURE ANNUALLY. BOARD MEMBERS HAVE THE DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTIONS OF INTEREST AS SOON AS SUCH ACTUAL OR POTENTIAL CONFLICTS BECOME KNOWN. |
| FORM 990, PART VI, SECTION B, LINE 15 | THERE ARE NO COMPENSATED MANAGEMENT OFFICIALS, OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION. IF THE ORGANIZATION HAD SUCH COMPENSATED INDIVIDUALS, POLICIES AND PROCEDURES WOULD BE DEVELOPED TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST SENT TO A.W. REHN & ASSOCIATES, INC. AT: P.O. BOX 5433, SPOKANE, WA 99205. |
| FORM 990, PART VII, SECTION A, LINE 1A: | THE TRUST DOES NOT HAVE INFORMATION REGARDING THE COMPENSATION RECEIVED BY THE TRUSTEES FROM THEIR EMPLOYER. THE MEMBERS OF THE BOARD OF TRUSTEES RECEIVE ALL THEIR COMPENSATION FROM THEIR EMPLOYER SOLELY CONNECTED TO THEIR DUTIES AS EMPLOYEES, NOT AS TRUSTEES. IN THEIR ROLE AS TRUSTEES, THEY ARE FIDUCIARIES AND SUBJECT TO LEGAL PROHIBITIONS AGAINST SELF-DEALING. THEY SERVE ON A VOLUNTEER BASIS AS TRUST FIDUCIARIES; THEY DO NOT RECEIVE ANY ADDITIONAL COMPENSATION FROM THE CITY OR ANY OTHER PARTY FOR THEIR SERVICES ON THE BOARD OF TRUSTEES. FURTHER, THE TRUST HAS A CONFLICT-OF-INTEREST POLICY, WHICH REQUIRES TRUSTEES TO DISCLOSE ANY FINANCIAL ARRANGEMENTS THAT WOULD CREATE A CONFLICT OF INTEREST. SECTION 7(A) OF THE CONFLICT-OF-INTEREST POLICY OF THE TRUST, EFFECTIVE JANUARY 1, 2009, AND AS AMENDED THEREAFTER, STATES THE FOLLOWING: "A TRUSTEE SHALL HAVE A DUTY TO DISCLOSE TO THE BOARD ANY CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED BY THE TRUSTEE. IN PARTICULAR, THE TRUSTEE SHALL DISCLOSE A CONFLICT OF INTEREST PRIOR TO ANY BOARD OR COMMITTEE DECISION ON THE MATTER RELATED TO THE CONFLICT OF INTEREST. UPON THE TRUSTEE'S FIRST ATTENDANCE AT A BOARD MEETING, THE TRUSTEE SHALL SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE TO THE BOARD, ON A FORM APPROVED BY THE BOARD, AND SHALL HAVE THE DUTY TO UPDATE SUCH DISCLOSURES UPON DISCOVERING A CHANGE." |
| FORM 990, PART IX, LINE 11G | ACTUARIAL FEES 36,803. |
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