2004 Annual Report

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Schedule B - Administrator's Expenses

To the Joint Committee of the 1986 – 1990 Hepatitis C Fund

Re: Administrator's Expenses

We have performed the procedures listed below in connection with the expenses incurred by the Garden City Group Canada, a division of Crawford Canada (“the Administrator”) as administrator of the 1986 – 1990 Hepatitis C Fund and the HIV Secondary Infected Settlement Fund for the year ended March 31, 2004 and their September 2003 budget in the total amount of $3,133,099 (excluding Goods and Services Tax) for the year ended March 31, 2004:

• Review of the terms of appointment of the Administrator;
• Detailed analytical review of budget to actual expenditures for the year; and
• Examined, on a test basis, evidence supporting amounts recorded as expenditures for the year, with a particular focus on amounts that were over-budget.

The total expenses incurred by the Administrator for the year ended March 31, 2004 was $3,257,464 (excluding Goods and Services Tax) of which $3,234,355 was for the 1986-1990 Hepatitis C Fund (Appendix A) and $23,109 was for the HIV Secondary Infected Settlement Fund (Appendix B).

No exceptions were noted as a result of applying the above procedures.

These procedures in themselves are not sufficient to constitute an audit of the Administrator's schedule of expenses and therefore we express no opinion thereon.

This report is solely for your use in connection with your assessment of expenses incurred by the Administrator for the year ended March 31, 2004.

Chartered Accountants

May 7, 2004

Appendix A
Administrator's Expenses
for the Year Ended March 31, 2004
1986-1990 Hepatitis C Fund

Appendix B
Administrator's Expenses
for the Year Ended March 31, 2004
HIV Secondary Infected Settlement Fund

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