Our Financial Accountability
2011-2012 Audit
The Buffalo County Community Partner Annual Audit report is a comprehensive report on our activities throughout the preceding year. Annual audit reports are intended to give interested persons information about the company’s activities and financial performance.
The Buffalo County Community Partners Board of Directors present the 2011-2012 Financial Audit for your review. This year’s audit was conducted by Tonniges and Associates and approved by the Board of Directors on October 10, 2012.
The Board of Directors are dedicated to your community by placing auditing controls that ensure a financially transparent organization. In order to accomplish this goal, the board contracts annual audits through Request for Proposals (RFP) every three years. The Board reviews and approves recommendations of monthly accounts payables and account receivable financial statements from the Board appointed committee – Resource Committee. The Resource Committee provides oversight of dual controls of Buffalo County Community Partners staff. The Board of Directors adds an additional layer of accountability by securing the services of a third party bookkeeper.
In 1996, when Buffalo County Community Partners was initiated as a virtual organization*, they contracted with a fiscal agent, Kearney Area Community Foundation, to provide financial oversight. Each year, they conducted a financial review by a local CPA. In 2007, Buffalo County Community Partners board took the necessary steps to grow the organization from a virtual organization to an IRS 501 c 3 designated non-profit. Since 2007, Buffalo County Community Partners conducted annual audits. If you have any questions, contact Executive Director Denise Zwiener at (308)865-2280 or dzwiener@bcchp.org.
*A virtual organization has operating by-laws and recognized by the state a non-profit organization, however, a virtual organization has not pursued steps to become an IRS designated 501 c 3.”
2011-2012 IRS Form 990
In addition to the annual audit, Buffalo County Community Partners files the required IRS Form 990, which is an annual IRS return that federally tax-exempt organizations must complete following each fiscal year. It provides information on the organization’s mission, programs, and finances.
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