The objective of this audit was to determine whether the Board spends its restricted funds in accordance with its enabling legislation. The Board spends restricted funds in accordance with its interpretation of the legislation. The audit found that the enabling legislation lacks clarity, which can lead to different interpretations of the restriction. The Board generally agreed with our finding, however, an auditor's response was necessary to clarify certain statements in the Board's response. Details are provided in the Finding section of the management letter.
Categorization and Details