Thursday, July 21, 2005

Audit fails to clear air for some councillors Osprey Media Group Inc. - Brantford Expositor

Osprey Media Group Inc. - Brantford Expositor: "Animosity boiled over among city councillors in a special meeting Wednesday when they were handed a one-page report from an accountant saying that there was no point investing the downtown grants program any further.

James Balfe, a Windsor chartered accountant, wrote in a brief six-paragraph letter that a forensic audit wouldn�t likely yield results �due to lack of evidence, so the city cannot justify proceeding to a full-scale investigation,� James Balfe, a Windsor chartered account, wrote in a brief six-paragraph letter.

He also recommended that the city hire a consulting accountant to direct staff as it processes the last claims of a program that has committed nearly $5 million in performance grants toward about 20 projects worth a total $20 million to renovate or construct new buildings in the core. "

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