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Pacific Northwest Swimming Rules and ProceduresDocument Retention Policy Index AD-21-03 Effective Date: 03/08/202103/08/2021: OriginalPacific Northwest Swimming Association (PNSA) takes seriously its obligations to preserve information relating to litigation, audits, and investigations. The information listed in the retention schedule below is intended as a guideline and may not contain all the records PNSA may be required to keep in the future. Questions regarding the retention of documents not listed in this chart should be directed to the General Chair. From time to time, the General Chair may issue a notice, known as a “legal hold, “suspending the destruction of records due to pending, threatened, or otherwise reasonably foreseeable litigation, audits, government investigations, or similar proceedings. No records specified in any legal hold may be destroyed, even if the scheduled destruction date has passed, until the legal hold is withdrawn in writing by the General Chair. File CategoryItemRetention PeriodCorporate RecordsBylaws and Articles of IncorporationPermanentCorporate resolutionsPermanentBoard and committee meeting agendas and minutesPermanentConflict-of-interest disclosure forms4 yearsFinance and AdministrationFinancial statements (audited)7 yearsAuditor management letters7 yearsPayroll records7 yearsCheck register and checks7 yearsBank deposits and statements7 yearsChart of accounts7 yearsGeneral ledgers and journals (includes 12 bank reconciliations)7 yearsInvestment performance reports7 yearsEquipment files and maintenance records7 years after dispositionContracts and agreements7 years after all obligations endCorrespondence — general3 yearsInvoices (to members, customers, from vendors)7 yearsMember registration forms2 yearsMember transfer forms3 yearsClub charter information3 yearsInsurance RecordsInsurance Summary for USA Swimming Local Swimming Committees (LSC’s)7 yearsReports of Occurrence received by the LSC office7 yearsReal EstateDeeds PermanentLeases (expired)7 years after all obligations endMortgages, security agreements7 years after all obligations endTaxIRS exemption determination and related correspondencePermanentIRS Form 990s7 yearsCharitable Organizations Registration Statements (filed with Secretary of State)7 yearsHuman ResourcesEmployee personnel filesPermanentRetirement plan benefits (plan descriptions, plan documents)PermanentEmployee handbooksPermanentWorkers comp claims (after settlement)7 yearsEmployee orientation and training materials7 years after use endsEmployment applications3 yearsIRS Form I-9 (store separate from personnel file)Greater of 1 year after end of service, or three yearsWithholding tax statements7 yearsTimecards3 yearsTechnologySoftware licenses and support agreements7 years after all obligations endElectronic Documents and Records. Electronic documents will be retained as if they were paper documents. Therefore, any electronic files that fall into one of the document types on the above schedule will be maintained for the appropriate amount of time. If a user has sufficient reason to keep an email message, the message should be printed in hard copy and kept in the appropriate file or moved to an “archive” computer file folder. Backup and recovery methods will be tested on a regular basis.Emergency Planning. PNSA’s records will be stored in a safe, secure, and accessible manner. Documents and financial files that are essential to keeping PNSA operating in an emergency will be duplicated or backed up at least every week and maintained off-site.Document Destruction. The General Chair is responsible for the ongoing process of identifying its records, which have met the required retention period, and overseeing their destruction. Destruction of financial and personnel-related documents will be accomplished by shredding. Document destruction will be suspended immediately, upon any indication of an official investigation or when a lawsuit is filed or appears imminent. Destruction will be reinstated upon conclusion of the pliance. Failure on the part of employees to follow this policy can result in possible civil and criminal sanctions against PNSA and its employees and possible disciplinary action against responsible individuals. The General Chair and Administrative Vice Chair will periodically review these procedures with legal counsel or the organization’s certified public accountant to ensure that they are in compliance with new or revised regulations. The General Chair will periodically report to the Board of Directors on compliance with this policy.Update the Table of DocumentsWhen new items are identified by law, by USA Swimming, by PNSA, or by staff, the Administrative Vice Chair will update the document retention policy and report back to the Board of Directors. ................
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