2005 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, 2005 and their September 2004 budget in the total amount of $2,728,045 (excluding Goods and Services Tax) for the year ended March 31, 2005:

• 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, 2005 was $2,656,741 (excluding Goods and Services Tax) of which $2,643,601 was for the 1986-1900 Hepatitis C Fund (Appendix A) and $13,140 was for the HIV Secondary Infected Settlement Fund (Appendix B).

As a result of applying the above procedures we noted a $62,433 overstatement of operational costs in the Hepatitis C Fund (Appendix A), the details of which follow:

• $56,332 in "miscellaneous" for legal costs incurred related to a tax appeal for the DB9 repayments;

• $5,075 in "computer/network systems" for computer maintenance expenses that relate to the March 31, 2006 fiscal year;

• $1,026 in "office supplies" for which the expenses relate to the March 31, 2006 fiscal year.

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, 2005.

Chartered Accountants

May 12, 2005

Appendix A
Administrator's Expenses
for the Year Ended March 31, 2005
1986-1990 Hepatitis C Fund

Appendix B
Administrator's Expenses
for the Year Ended March 31, 2005
HIV Secondary Infected Settlement Fund

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