Budget Implementation Act, 1998
Version of section 36 from 2003-01-01 to 2010-10-19:
Marginal note:Annual reports
36 The Foundation shall, within six months after the end of each fiscal year, prepare an annual report in both official languages of its activities during the year and include in the report
(a) its financial statements for the year as approved by the Board and the report of the auditor respecting those statements;
(b) a detailed statement of its investment activities during the year, its investment portfolio as at the end of the year and its investment policies, standards and procedures;
(c) a statement of the Foundation’s plans for fulfilling its objects and purposes for the year and the next year; and
(d) an evaluation of the results achieved by the granting of scholarships during the year.
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