2009 Audit Report

1. 2009 Audit Report Board of Directors Meeting, November 17, 2009

2. 2009 Audit Report • Auditors: • J.H. Cohn, LLP (located inGlastonbury, CT) • Frank J. Sambor, Partner • 6th Year of Service United Way of Central and Northeastern Connecticut

3. 2009 Audit Report • Reports Issued for 2009 by JH Cohn • Auditors’ report for the fiscal year ended June 30, 2009 • Agreed-upon procedures report, to Office of Personnel Management, for 2007 Combined Federal Campaign United Way of Central and Northeastern Connecticut

4. 2009 Audit Report • Tax Filings • Form 990 • Related State tax and registration filings • Form 5500 (UWCNCT Pension Plan; presently, no audit is required of this retirement plan) United Way of Central and Northeastern Connecticut

5. 2009 Audit Report • Highlights of 2009 Audited Results: • Unqualified Opinion • No management letter items noted • No material weaknesses or control deficiencies United Way of Central and Northeastern Connecticut

6. 2009 Audit Report • IRS FORM 990 • IRS Goals in Revising Form 990 • Enhance transparency and comparability • Promote organization tax compliance • Improve governance United Way of Central and Northeastern Connecticut

7. 2009 Audit Report • IRS FORM 990 • Summary of Changes that Impact UWCNCT • Expanded disclosure of corporate governance processes and procedures • Expanded disclosure of compensation and benefits • Expanded disclosure of investment and endowment fund assets and spending of these funds • Detailed schedules of contributions over $5,000, as well as related organizations and inter-organizational transactions • Form should be provided to board prior to filing. United Way of Central and Northeastern Connecticut

8. 2009 Audit Report • ACTION ITEM – Proposed Motion • Approve the 2009 Audit Committee Report, including Board of Directors review of the organization’s IRS FORM 990 filing (per UWA’s Membership Certification Requirements). United Way of Central and Northeastern Connecticut