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D. Finances <br />1. Does your Board approve the annual budget and review regular financial reports of the operating budget and capital <br />funds? How often is this review conducted? <br />Senior Resource Association, Inc. Board approves the annual budget before it is implemented. The Finance Committee <br />reviews the monthly financial statements which are presented at the Board meetings. <br />2. Does any outside organization (such as a governmental unit) conduct periodic evaluations of the agency's finances, <br />management or programs! it yes, list the agencies. <br />Outside organizations that conduct periodic evaluations of Senior Resource Association's finances, management or <br />programs include: Indian River County Metropolitan Planning Organization, Florida Department of Transportation, <br />Federal Transit Administration, Florida Commission for the Transportation Disadvantaged, Transportation <br />Disadvantaged Local Coordinating Board, Area Agency on Aging and the Florida Department of Elder Affairs. In <br />addition to these evaluations, SRA hires independent auditors to conduct an annual audit and prepare the single audit <br />report. <br />3. Are there any pending legal actions, claims, or disputes against your agency? If yes, please explain. <br />Yes, there is a claim involving a vehicular crash on 11/26/2016. York Risk Services will be representing, Senior <br />Resource Association, as the driver was cited as the at fault driver. <br />4. Check the financial year (agency's fiscal year) that you are using for this budget report. <br />X July 1 - June 30 <br />January 1 - December 31 <br />Other, please specify <br />225 <br />