Is Financing from Riga City Municipality an Inexhaustible Source for Associations and Foundations?

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Is Financing from Riga City Municipality an Inexhaustible Source for Associations and Foundations?

Audit Id	1572424979405
Título	Is Financing from Riga City Municipality an Inexhaustible Source for Associations and Foundations?
Tí tulo en el idioma original	Rīgas pašvaldības piešķirto dotāciju biedrībām un nodibinājumiem likumība un lietderība Latvian
Año	2019
Asunto	Auditing and Financial Management Communities and Regions
Tipo	Compliance/Legality Performance
Tipo de acción	Performed by single SAI
Descripción	Within the audit, the State Audit Office of Latvia assessed whether the funding granted by Riga City Municipality to various associations and foundations is being used to achieve effective goals and outcomes. As the result of the audit, we found out that most of this funding granted by the Municipality is allocated to two foundations founded by the Municipality itself, namely, “Riga Tourism Development Bureau” and “Riga.lv”. Therefore, the audit focused on a detailed assessment of the performance of those two foundations, as well as on the assessment of the supervision performed by the Municipality of those foundations.
Autor	Latvia
Materiales	Summary Latvian Look at abstract Press release Latvian View Audit report Latvian Download report Press release English View Summary English See summary
Contacto	State Audit Office of Latvia, 50 Skanstes Street, Riga, LV-1013, Phone: +371 67017500 lrvk@lrvk.gov.lv http://www.lrvk.gov.lv