|
|
|
The following tables provide more detailed results on the financial reviews.
| DATA |
|
FILES |
% |
| |
Sample of files randomly selected |
39 |
|
| |
On-site audit files |
18 |
46% |
| |
Desk audit files |
21 |
54% |
| TOTAL |
|
39 |
100% |
| |
|
|
|
| RESULTS |
|
FILES |
AMOUNT |
| |
Total amount reviewed |
39 |
$1,482,572 |
| |
|
|
|
| IDENTIFIED |
|
|
|
| ADJUSTMENTS |
|
AMOUNT |
|
| |
Amounts claimed were not actual and incurred expenses |
$7,136.21 |
|
| |
Amounts claimed were incurred before the agreement start date |
$3,978.27 |
|
| |
Amounts claimed were incurred after the agreement end date. |
$211.00 |
|
| |
Amounts claimed were not for expense categories allowed in agreement |
$3,363.75 |
|
| |
Amounts claimed were not within category limits approved by HRDC |
$0.00 |
|
| |
Amounts claimed had previously been claimed |
$0.00 |
|
| |
GST rebate has not been accurately calculated and deducted from the amount claimed |
$5,880.34 |
|
| |
Project revenues were not deducted from the claim |
$0.00 |
|
| |
Amounts claimed were not project related |
$195.00 |
|
| TOTAL |
|
$20,764.57 |
|
| |
|
|
|
| FOLLOW-UP REQUIRED |
|
AMOUNT |
|
| |
Still under review/clarification required from HRCC |
$0.00 |
|
| |
|
|
|
Financial Review Conclusions
The total amount of claimed expenditures reviewed by PTD was $1,482,572. Of the total reviewed, $20,764.57 of costs claimed by the sponsor and reimbursed by HRDC was deemed not allowable under the existing project agreements.
- In ten cases, the amounts claimed by the sponsor had not been incurred. This accounted for $7,136.21 in adjustments.
- In eight cases, the amounts claimed by the sponsor were incurred prior to the agreement start date. This accounted for $3,978.27 in adjustments.
- In one case, the amounts claimed by the sponsor were incurred after the agreement end date. This accounted for $211 in adjustments.
- In one case, the amounts claimed by the sponsor were not for expense categories allowed in the agreement. This accounted for $3,363.75 in adjustments.
- In eight cases, the Goods and Services Tax claimed by the sponsor and reimbursed to the sponsor was not allowable as per the agreement. HRDC will only reimburse the GST/HST portion of eligible expenses that is not subject to input tax credit to recipient by Canadian Customs and Revenue Agency. This accounted for $5,880.34 in adjustments.
- In the remaining four cases, the sponsor claimed expenses that were determined as not project related. This accounted for $195 in adjustments.
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