1. Previous event's final activity report is required to release 10% holdback and if not already on file with Sport Canada.

2. A 10% holdback will be issued when Sport Canada has received signed Financial Statements for the event and a Final Activity Report.

3. The audit team found that no holdback is made on current year instalments and that the program has not obtained TBS approval to allow payment of the final months instalment to recipients before Final Accounting By Block Reports are submitted.