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that reasonable compensation may be paid for services rendered to or for Hibiscus effecting one or more of its purposes) , and no director, or officer of Hibiscus , or any private individual, shall be entitled to share in the distribution of any of the corporate assets upon dissolution of Hibiscus . No substantial part of the activities of Hibiscus shall be the lobbying for, or otherwise attempting to influence legislation, unrelated to the mission of purpose of Hibiscus, and Hibiscus shall not participate in, or intervene in (including the publication on distribution of statements) any political campaign on behalf of any candidate for public office. Section 2. Distribution. Upon dissolution of Hibiscus or the winding up of its affairs, the assets of Hibiscus shall be distributed exclusively to an endowment fund of a recognized charity with the appropriate Internal Revenue Code Exemption, Section 501 (c)(3), which will provide housing for abused children. If none can be located, then to such other organization whose purpose and philosophy most closely approximate that of Hibiscus. If none can be located, then to such other charitable, religious, scientific, testing for public safety, literary, or educational organizations which would then qualify under the provisions of Section 501 (c)(3) of the Code, as it now exists or may hereafter be amended. Article IV Board of Directors Section 1. Management ofHibiscus. The affairs of Hibiscus shall be managed by a Board of Directors, who shall advise Hibiscus on its policies, management, planning, finances , use of resources, and service delivery. 1. 1 Policies. The Board shall establish and maintain a set of approved and current personnel policies and operating procedures . The Board assumes responsibility for policy development and maintenance by: adopting policies, reviewing policies biannually and whenever legal requirements change, and approving any changes to policies resulting from recommendations or negotiations with a recognized collective bargaining unit. 1. 2 Finance. By June of each year, unless otherwise determined by the Board, the Board shall approve an annual operating budget of anticipated expenditures necessary to provide the services set forth in the objectives of Hibiscus and of anticipated revenues therefrom. While the Board may approve a deficit budget, the Board may not expend, or authorize expenditures in excess of cash assets or incur any long term debt without approval of three4ourth (3/4) of the Board present and voting at a special meeting called for the purpose of approving such an expense . 1. 3 Audit The Board shall retain an independent audit of Hibiscus ' financial status at the end of each fiscal year by a reputable certified public accounting firm. Date of Approval by Committee: March 27, 2002 Date of Approval by Board: April 24, 2002