We are undertaking a $2.5 million renovation to our facility. We presently have multiple sources of third party funding (the City of Calgary and the Province of Alberta, and potentiall the Government of Canada) who require tracking and reporting of project expenditures, and a post-completion audit. The City funding is provided on a reimbursement basis so eligible expenditures need to be properly recorded and reported to the City in order to obtain reimbursement. We expect to be commencing construction in late May 2018 and we require that a system of ensuring that proper record keeping of expenditures is maintained and the Controller will be actively involved in the record keeping and managing the reimbursement process. We do have a volunteer Treasurer who is a CGA but this project is large enough to require discrete and specialized assistance.
This is a discrete construction project with a short time fram but multiple reporting and post comnpletion audit requirements. Interest in managing cash flows for a small infrastructure project and preparing a proper structure for our part time staff, bookkeepers and volunteers to follow would be key areas of interest.