2024-05-15T03:38:21-00:00 2023-06-30 043383155 RHR Smith & Company 3 Old Orchard Rd Buxton ME 04093 990 2022-07-01 010488478 Kennebec Valley Council of Governments KENN 2074534258 17 Main Street Fairfield ME 04937 Joel Greenwood Executive Director 2074534258 2024-05-15 true Joel Greenwood 999009999 true Ronald Smith P01481996 2079294606 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Joel Greenwood 17 Main Street Fairfield ME 04937 899355 false X www.kvcog.org X 1994 ME To be an advocate and agent for local and regional planning and economic growth. To support and expand the capabilities of local, municipal, and county government development. 14 14 13 0 1374477 655701 168293 200074 4163 10683 36734 32897 1583667 899355 0 0 374864 610596 0 0 480623 490839 855487 1101435 728180 -202080 4421362 4070124 1075654 926496 3345708 3143628 To be an advocate and agent for local and regional planning and economic growth. To support and expand the capabilities of local, municipal, and county government development. false false 226335 Economic and community development KVCOG provides economic and community development services relating to investments in municipal infrastructure, workforce development, shared services, training, and business retention, expansion and attraction. KVCOG provided economic development assistance to the towns of Benton, China, Chelsea, Gardiner, Madision, Vassalboro, Waterville, Winslow, Winthrop. KVCOG also provided economic and community development services to - The towns of Anson, Bingham, China, Madison, Rome, Skowhegan, Starks, and St. Albans for services related to investments in municipal infrastructure through broadband planning. 371007 Planning - KVOG provides educational, training, and advisory services to govermental agencies, boards, and committees in the areas of transportation, solid waste, environment, and land use and also provides gis mapping services in support of these planning activities. KVCOG achieved the following in this area of its exempt purpose operations - Assisted over 35 towns with land use questions, ordinance amendments or board procedures/forms etc. - Assited mutiple towns witth solar farm, wind power and medical marijuana ordinances. - Assisted multiple communities with updating of shoreland zoning maps. - Town planner by contract. 121102 Revolving loan fund RLF KVCOG provides business finance and business counseling services to private sector organizations in furtherance of its goals to promote increased public and private sector investment and job retention and job creation. RLF is a key component of our economic development program. 718444 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 13 true false false false false false false false false false false false false X 14 14 false false false false true true false true true false false true true true true true true true true false X X Lorra-Lee Snyder 2074534258 17 Main St Fairfield ME 04937 Matthew Underwood Executive Director 040.00 X 93634 0 0 Lorra-Lee Snyder Finance Director 040.00 X 56976 0 0 Tim Curtis President 000.20 X X 0 0 0 Richard LaBelle Past President 000.20 X X 0 0 0 Eric Dyer Vice President 000.20 X X 0 0 0 Kathryn Ruth Secretary 000.20 X X 0 0 0 Christine Almand Treasurer 000.20 X X 0 0 0 Julie Richard Director 000.20 X 0 0 0 Michelle Flewelling Director 000.20 X 0 0 0 Michael Watson Director 000.20 X 0 0 0 Gary Lamb Director 000.20 X 0 0 0 Terry Berry Director 000.20 X 0 0 0 William Post Director 000.20 X 0 0 0 Jerry Quirion Director 000.20 X 0 0 0 Aaron Chrostowsky Director 000.20 X 0 0 0 Dana Wrigley Director 000.20 X 0 0 0 150610 false false false 192087 463614 655701 Municipal Contracts 131169 131169 Loan Interest 68905 200074 10683 10683 32897 32897 32897 899355 164066 10683 X 0 0 0 0 0 0 482743 278789 203954 0 127853 93041 34812 0 0 0 0 0 0 147380 116527 30853 3127 3127 4543 3006 1537 0 0 0 30353 22007 8346 0 0 23480 23480 0 0 0 Profesional Development 2095 1475 620 Indirect Cost 235733 173492 62241 Loan Loss Reserves 34700 34700 9428 3500 5928 1101435 718444 382991 0 2385509 2302915 88942 127444 1732291 1443782 19017 17993 313714 156064 164325 157650 31278 20340 4421362 4070124 20204 50223 146536 92750 872993 748407 35921 35116 1075654 926496 X 833800 708965 2511908 2434663 3345708 3143628 4421362 4070124 -202080 X true X true X true true true X 228036 648458 1073858 1374477 655701 3980530 228036 648458 1073858 1374477 655701 3980530 3980530 14318 6232 8196 4163 10683 43592 4024122 1392202 0.98920 0.98850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 38084 38084 275630 156064 119566 157650 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Net OPEB Liability 13374 Deferred Inflows Related to OPEB 21742 35116 X 899355 899355 899355 1101435 1101435 1101435 X 2 The Council is exempt from taxation under Section 501c3 of the Internal Revenue Code and is classified as other than a private foundation by the Internal Revenue Service. The Council follows the provisions of Accounting for Uncertainty in Income Taxes as provided for in the Income Taxes topic of the FASB Accounting Standards Codification. This statement clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of the position to be recognized in an entitys financial statements. It also prescribes a recognition threshold of more likely-than-not and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. There was no cumulative effect on the Councils financial statements related to following these provisions and no interest or penalties related to uncertain tax positions were accrued. The Council is currently open to audit under the statute of limitations by the Internal Revenue Service for the years ended June 30, 2021 through June 30, 2023. Form 990, Part VI, Section A, Line 6 Members consist of municipalities within Kennebec County, Somerset County and Western Waldo County that pay an annual fee. Form 990, Part VI, Section A, Line 7a Members annually appoint two Official Representatives to the General Assembly plus one Official Representative for every 10,000 population as determined by the latest decennial census. The Official Representatives annually vote by majority the Officers and Directors that will serve on the Board. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the same outside accounting firm that performs that annual audit and is provided to the governing body prior to filing. The Form 990 is reviewed by the Finance Manager and the Executive Director for completeness and accuracy prior to filing and compared with the numbers in the annual audit report. Form 990, Part VI, Section B, Line 12c Any member of the Board of Directors, member of a committee with Board-delegated powers, principal officer or key employee who has a direct financial interest shall disclose their financial interest to the Board. The Board will then determine whether a conflict of interest exists and a vote will be taken. Form 990, Part VI, Section B, Line 15a The Executive Director is contracted. An evaluation is completed by the executive committee and any increases are either performance based and/or an equal percentage adjustment COLA for all staff. Form 990, Part VI, Section B, Line 15b No Officers or Directors except the Executive Director as previously disclosed are compensated in any way. Form 990, Part VI, Section C, Line 19 Governing documents are made available to the public upon request. Form 990, Part IX, Section A, Line 11g Fees for services consist of consulting, accounting, auditing, legal and other outside services presented in the aggregate on the audited financial statements.