TO THE HONOURABLE THE LEGISLATIVE ASSEMBLY OF MANITOBA Your Standing Committee on Public Accounts presents the following as its Second Report.

Meetings Your Committee met on the following occasions: • November 28, 2005 • December 7, 2005 • December 8, 2005 • March 15, 2006 • December 6, 2006 • December 14, 2006 • March 8, 2007 • October 21, 2009 • February 17, 2010 • March 3, 2010 Matters under Consideration • Auditor General's Report – Examination of the Crocus Investment Fund – May 2005 • Auditor General's Report – Study of Board Governance in Crown Organizations – September 2009 Committee Membership Committee membership for the November 28, 2005 meeting: • Mr. CALDWELL • Mr. CUMMINGS • Mr. HAWRANIK • Mr. MAGUIRE • Mr. MALOWAY (Vice-Chairperson) • Mr.

MARTINDALE • Mr. NEVAKSHONOFF • Mr. REIMER (Chairperson) • Mr. SANTOS • Hon. Mr. SELINGER Committee membership for the December 7, 2005 meeting: • Mr. C UMMINGS • MR. DEWAR • Mr. HAWRANIK • Ms. KORZENIOWSKI • Mr. LAMOUREUX • Mr. MAGUIRE • Mr. MALOWAY (Vice-Chairperson) • Mr. REIMER (Chairperson) • Mr. SANTOS • Hon. Mr. SELINGER • Mr. SWAN Substitutions received during committee proceedings at the December 7, 2005 meeting: • Hon. Mr. GERRARD for Mr. LAMOUREUX Committee membership for the December 8, 2005 meeting: • Mr. CUMMINGS • MR. DEWAR • Mr. HAWRANIK • Ms. KORZENIOWSKI • Hon. Mr. GERRARD • Mr. MAGUIRE • Mr.

MALOWAY (Vice-Chairperson) • Mr. REIMER (Chairperson) • Mr. SANTOS • Hon. Mr. SELINGER • Mr. SWAN Committee membership for the March 15, 2006 meeting: • Mr. AGLUGUB • Mr. CUMMINGS • Hon. Mr. GERRARD • Mr. HAWRANIK • Mr. MAGUIRE • Mr. MALOWAY (Vice-Chairperson) • Mr. MARTINDALE • Mr. REIMER (Chairperson) • Mr. SANTOS • Hon. Mr. SELINGER • Mr. SWAN Committee membership for the December 6, 2006 meeting: • Mr. AGLUGUB • Mr. CUMMINGS • Mr. DERKACH • Hon. Mr. GERRARD • Mr. HAWRANIK • Mr. MALOWAY (Vice-Chairperson) • Mr. MARTINDALE • Mr. SANTOS • Mr. SCHULER • Hon. Mr. SELINGER • Mr. SWAN Your Committee elected Mr.

DERKACH as the Chairperson at the December 6, 2006 meeting. Committee membership for the December 14, 2006 meeting: • Mr. A GLUGUB • Mr. CUMMINGS • Mr. DERKACH (Chairperson) • Mr. HAWRANIK • Mr. LAMOUREUX • Mr. MALOWAY (Vice-Chairperson) • Mr. MARTINDALE • Mr. SANTOS • Mr. SCHULER • Hon. Mr. SELINGER • Mr. SWAN Committee membership for the March 8, 2007 meeting: • Mr. AGLUGUB • Mr. CUMMINGS • Mr. DERKACH (Chairperson) • Hon. Mr. GERRARD • Mr. HAWRANIK • Mr. MAGUIRE • Mr. MARTINDALE • Mr. SALE • Mr. SANTOS • Hon. Mr. SELINGER • Mr. SWAN Your Committee elected Mr.

SWAN as the Vice-Chairperson at the March 8, 2007 meeting. Committee membership for the October 21, 2009 meeting: • Mr. BOROTSIK • Ms. BRAUN • Mr. DERKACH (Chairperson) • Mr. DEWAR • Ms. HOWARD (Vice-Chairperson) • Mr. JHA • Mr. LAMOUREUX • Mr. MAGUIRE • Ms. SELBY • Mrs. STEFANSON • Hon. Ms. WOWCHUK Committee membership for the February 17, 2010 meeting: • Ms. BLADY • Mr. BOROTSIK • Ms. BRAUN • Mr. DERKACH (Chairperson) • Mr. DEWAR (Vice-Chairperson) • Mr. HAWRANIK • Mr. LAMOUREUX • Mr. MARTINDALE • Ms. SELBY • Mrs. STEFANSON • Hon. Ms. WOWCHUK Committee membership for the March 3, 2010 meeting: • Mr.

BOROTSIK • Ms. BRICK • Mr. DERKACH (Chairperson) • Mr. DEWAR (Vice-Chairperson) • Mrs. DRIEDGER • Mr. JHA • Mr. LAMOUREUX • Mr. MARTINDALE • Mr. PEDERSEN • Ms. SELBY • Hon. Ms. WOWCHUK Officials Speaking on Record Officials speaking on the record at the December 7, 2005 meeting: • Hugh Eliasson, Deputy Minister of Industry, Economic Development and Mines • Hon. Mr. RONDEAU • Jon Singleton, Auditor General Officials speaking on the record at the December 8, 2005 meeting: • Hugh Eliasson, Deputy Minister of Industry, Economic Development and Mines • Hon. Mr.

RONDEAU • Jon Singleton, Auditor General Officials speaking on the record at the March 15, 2006 meeting: • Hugh Eliasson, Deputy Minister of Industry, Economic Development and Mines • Hon. Mr. RONDEAU • Jon Singleton, Auditor General Officials speaking on the record at the December 6, 2006 meeting: • Hugh Eliasson, Deputy Minister of Competitiveness, Training and Trade • Bonnie Lysyk, Deputy Auditor General and C.O.O. • Hon. Mr.

S MITH Officials speaking on the record at the December 14, 2006 meeting: • Hugh Eliasson, Deputy Minister of Competitiveness, Training and Trade • Bonnie Lysyk, Deputy Auditor General and C.O.O. • Hon. Mr. SMITH Officials speaking on the record at the March 8, 2007 meeting: • Carol Bellringer, Auditor General • Hon. Mr. SELINGER • Hon. Mr. SMITH Officials speaking on the record at the October 21, 2009 meeting: • Hugh Eliasson, Deputy Minister of Deputy Minister of Competitiveness, Training and Trade • Carol Bellringer, Auditor General • Hon. Mr.

SWAN Officials speaking on the record at the March 3, 2010 meeting: • Carol Bellringer, Auditor General • Hon. Mr. B JORNSON • Maria Capozzi, Audit Principal • Hugh Eliasson, Deputy Minister of Entrepreneurship, Training and Trade and Deputy Minister of Finance • Hon. Ms. WOWCHUK Reports Considered and Passed Your Committee considered and passed the following reports as presented: • Auditor General's Report – Examination of the Crocus Investment Fund – May 2005 • Auditor General's Report – Study of Board Governance in Crown Organizations – September 2009 Submitted by, _______________________________ Mr.

Len D ERKACH, Chairperson March 3, 2010