The City of Winnipeg's auditor has found numerous concerns with how the Osborne Village Business Improvement Zone managed its finances. Cheques written from the BIZ accounts bounced and many were written without proper authorization, the auditor says in a report for city council's executive policy committee. Auditors identified 35 cheques written by the BIZ that came back as "non-sufficient funds" (NSF), 50 transactions without proper supporting documentation and 37 cheques that didn't have proper signatures. The investigation by the city auditor is an accurate portrayal of what occurred under the previous manager of the BIZ, Timmerman says, but adds "nothing untoward" was uncovered. The BIZ remains "under a microscope" by the city, Timmerman says, and appropriately so, given the result of the audit.

Source: CBC News September 17, 2020 20:31 UTC