The Auditor General’s 2010 work plan included a review of the City’s environmental grant and loan programs that support climate change, clean air, sustainable energy and other environmental initiatives. This report addresses the energy loans and grants funded by the Ontario Power Authority managed by the Energy Efficiency Office, Facilities Management Division. At the February 22, 2011 meeting of Audit Committee, a report pertaining to grants administered by the Toronto Environment Office was considered by the Committee.
The objective of this review is to assess the adequacy of controls and the effectiveness of the administration of the City’s energy loan programs and grants administered on behalf of the Ontario Power Authority.
The report contains 10 recommendations. The implementation of these recommendations will improve the loan application and approval process, monitoring of loans to ensure that funds are achieving the proposed results and ensure that program outcomes are accurately reported to Council.