2006 Annual Report

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Schedule B – 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, 2006 and their revised June 2005 budget in the total amount of $2,140,938 (excluding Goods and Services Tax) for the year ended March 31, 2006:

• Review of the terms of appointment of the Administrator
• Detailed analytical review of budget to actual expenditures for the year.
• Examined, on a test basis, evidence supporting 25 amounts recorded as expenditures for the year, with a minimum of one test for each financial statement line item.
• Documented and tested the design and implementation of internal controls around the expenditure and payroll cycles.
• Agreed salary and benefit costs to the general ledger and service provider reports and tested five employee salaries and traced to supporting documentation in the respective employee files.
• Examined support for the asset credit breakdown.

The total expenses incurred by the Administrator for the year ended March 31, 2006 was $2,306,871 (excluding Goods and Services Tax) of which $2,293,424 was for the 1986-1900 Hepatitis C Fund (Appendix A) and $13,447 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, 2006.

Appendix A

Administrator's Expenses
For the Year Ended March 31, 2006
1986-1990 Hepatitis C Fund

Appendix B

Administrator's Expenses - HIV Secondary Infected Settlement Fund for the year ended March 31, 2006

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