Thank you, Mr. Chair, and thank you to our witnesses for being here.
I want to first try to review the facts briefly with regard to this legacy fund in a way that I hope is fair.
It's my understanding that in terms of the expenditure of money hundreds of kilometres from the borders it was designed for, this was not done maliciously, but in hindsight you think it was probably inappropriate and won't happen again.
With regard to the way in which the projects were chosen, it was basically a group of mayors and yourself, with little or no oversight at the bureaucratic level. All the money was accounted for, but with hindsight I think you agree that perhaps there should be more paperwork and oversight.
Is that a fair summary?