Huge Richmond library donation cleared by Canada Revenue Agency

“A Canada Revenue Agency audit of the Richmond Public Library has raised no concerns about the $1.2 million in tax receipts the institution issued to a donor in 2011 for a blockbuster in-kind donation of 47,000 Chinese-language books, the chief librarian reports.

Greg Buss included a copy of the CRA audit report in a memo to the library board, which highlighted reporting practices the library needs to tighten up, but made no mention of the receipts issued in relation to the big donation from Kwok Chu-Lee and his wife Grace. The Sun had earlier raised concerns about the value the Richmond Public Library placed on the books for purpose of issuing tax receipts because the appraisal the library relied on contained little detail about the methodology appraiser Bjarne Tokerud used. (via Vancouver Sun)

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