| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION HAS ACTIVE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | EACH ACTIVE MEMBER CURRENT ON THEIR DUES IS A VOTING MEMBER. EACH VOTING MEMBER IS ALLOWED ONE VOTE ON EACH ISSUE PRESENTED FOR VOTE. ONE OF THE EXECUTIVE BOARD MEMBERS IS DESIGNATED BY THE INDEPENDENT BANKERS ASSOCIATION. THE OTHER OFFICERS OF THE BOARD ARE ELECTED BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 7B | APPROVAL OF AN AGREEMENT FOR MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH OTHER CORPORATIONS OR ASSOCIATIONS OR SALE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATE PROPERTY REQUIRE MEMBERSHIP APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE EXECUTIVE DIRECTOR AND PRESIDENT/CEO REVIEW THE FORM 990. AFTER THEIR REVIEW A COPY OF THE RETURN WILL BE FURNISHED TO ADMINISTRATIVE COMMITTEE FOR THEIR REVIEW AS WELL AS MAKING THE RETURN AVAILABLE TO THE ENTIRE BOARD PRIOR TO THE ACTUAL FILING OF THE RETURN. THE FORM 990 WAS PREPARED BY AN OUTSIDE CPA FIRM. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ONCE A YEAR THE EXECUTIVE COUNCIL REVIEWS THE CONFLICT OF INTEREST POLICY AND THE NEW CHAIRMAN SIGNS IT. DURING THE REVIEW BOARD MEMBERS DISCLOSE POTENTIAL CONFLICTS THAT MIGHT EXIST. THE BOARD ALSO DISCUSSES THE ISSUES TO EDUCATE THE MEMBERS REGARDING THE POLICY. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ORGANIZATION HAS AN ADMINISTRATIVE COMMITTEE WHO MEETS AND OFFERS SUGGESTIONS FOR SALARY INCREASES. THESE SUGGESTIONS GO TO THE EXECUTIVE COUNCIL WHO WILL PASS OR APPROVE THE SALARY INCREASES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE ORGANIZATION HAS AN ADMINISTRATIVE COMMITTEE WHO MEETS AND OFFERS SUGGESTIONS FOR SALARY INCREASES. THESE SUGGESTIONS GO TO THE EXECUTIVE COUNCIL WHO WILL PASS OR APPROVE THE SALARY INCREASES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | COMMUNITY BANKERS ASSOCIATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST AS WELL AS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART XI, LINE 9 | EARNINGS/LOSS IN SUBSIDIARY 7,845 |
| FORM 990, PAGE 12, PART XII, LINE 1 | THE FINANCIAL STATEMENTS ARE PRESENTED ON THE MODIFIED CASH BASIS OF ACCOUNTING. THAT BASIS DIFFERS FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRIMARILY BECAUSE, EXCEPT AS MODIFIED BELOW, INCOME IS RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE CASH BASIS OF ACCOUNTING HAS BEEN MODIFIED TO INCLUDE ACCOUNTS RECEIVABLE, DEFERRED REVENUE, ACCOUTNS PAYABLE, AND UNEARNED REVENUES. |
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