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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 <br />capital funds? How often is this review conducted? <br />Senior Resource Association, Inc. Board approves the annual budget before it is implemented. The Fin <br />Committee reviews the monthly financial statements which are presented at the Board meeting. <br />2. Does any outside organization (such as a governmental unit) conduct periodic evaluations of the agency's <br />finances, management or programs? If yes, list the agencies. <br />Outside organizations that conduct periodic evaluations of Senior Resource Association's finances, <br />management or programs include: Indian River County Metropolitan Planning Organization, Florida Department <br />of Transportation, Federal Transit Administration, Florida Commission for the Transportation Disadvantaged, <br />Transportation Disadvantaged Local Coordinating Board, Area Agency on Aging and the Florida Department of <br />Elder Affairs. In addition to these evaluations, SRA hires independent auditors to conduct an annual audit and <br />prepare the single audit 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, Sen <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 />215 <br />