Urban Community Allianceinc

“Upon completion of the 990 by independent cpa, a copy is given to the executive directorfor review and approval. The executive director upon receipt of the tax form thenschedules a meeting with members of the organizations finance committee to review theform. Questions if any are then presented to the accountant for clarification. Upon satisfactory clarification of all questions, the 990 is approved by the committee and theaccountant is instructed to finalize the return.”

“The issue of whether a conflict of interest exist is routinely considered during boardmeetings when the board is engaged in discussion relating to activities conducted by theorganization, entering into a contract, hiring personnel, etc.”

“In determining the compensation for the organizations executive director and key employees, the organizations board considers the following factors:1) level of education.2) experience.3) compensation paid by other similar organizations.4) financial status of the organization.the board also consults with an outside personnel agency. All discussions pertaining tothe decision reached is documented.”

“The organization follows the same procedure used for ceo, executive dir and topmanagement. See write-up of procedure in part vi, line 15a”

“The organizations governing documents, conflict of interest policy and financialstatements are maintained at the organizations headquarters and are available to thepublic upon request.”

“The organization received and disbured funds in the amount of $222,088 as a pass through entity. The funds were originally classified as a restricted asset on the organizations balance sheet. The funds have been correctly reclassified as a prior period donation.”

“SEE ATTACHED SCHEDULES”