Theatre Development Fund Hid Deficit By Diverting Government Money

The Ontario government has taken contral of a theatre development fund out of the hands of the Toronto Theatre Alliance “after an internal forensic audit revealed $161,000 had been diverted from the fund” into the TTA’s budget to cover up a deficit. “The annual operating budget of the organization is $350,000, but for the past two years, roughly $90,000 per annum was siphoned into it from the Commercial Theatre Development Fund and the Dora Support Fund to make it appear the books balanced.”

Source: Toronto Star - 02/19/04