At its' Regular Board Meeting of March 11, 2021, the Thompson-Nicola Regional District Board of Directors approved a recommendation to move forward with an independent third-party financial review and audit of the TNRD’s financial records.
The Board Report from CAO
Scott Hildebrand states that the review will cover the time period of
2015-2020, with the purpose of making recommendations to improve internal
controls and oversight measures. “This will become our priority with the goal
to move this along as quickly as possible, while ensuring things are done
right,” said Hildebrand. “It will include a thorough review of managers, senior
managers, CAO and Board of Directors expenditures. All expenses, contracts and
financial documentation will be included in this investigation, with the final
terms of reference to be brought back for Board awareness and approval.”
The review is estimated to take 3
months and will cost approximately $50,000-$75,000. A comprehensive report will
be made available to the Board and public as soon as possible.
The topic of an independent
financial review was suggested by TNRD Board Chair Ken Gillis at a press
conference held on March 1 addressing media coverage about the TNRD’s expenses.
Chair Gillis stated that “we will continue to make further necessary changes to
ensure full oversight and accountability. Our commitment as we move forward is
transparency.”
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