Disturbing news emanating this week from the Elgin County Railway Museum hinting at possible financial irregularities.
We’re hearing of the treasurer either being dismissed or asked to step down; a new treasurer brought in; speculation about an upper level government funding application and HST submissions.
A call to museum executive director Michael Adams resulted in this official statement from the executive committee.
“It has come to our attention that recent financial statements presented were neither audited or reviewed. The audit report attached to the statements were not issued or authorized by the accounting firm involved in the preparation and review of those statements.
“The person involved with the creation and delivery of the subject audit report is no longer associated with the Elgin County Railway Museum Inc. Arrangements have been made for proper audits to be conducted for financial years 2010 and 2011.”
