Operating agreementAccording to the report, BEC benefited financially due to the nature of its operating agreement.The operating contract called for BEC to be reimbursed for certain operating expenses such as rent, depreciation of equipment, property taxes and equipment repairs.However, the audit shows those expenses were in fact being incurred directly by Government, while BEC should not have been due reimbursement for depreciation because it was Government that owned the equipment.The report states: “Therefore, BEC has been receiving money under the contract that was not properly due to it.”Ms Cox replied that TCD is assessing and collecting rents and utilities from BEC; equipment repairs are paid for directly by BEC while property tax and depreciation items are currently under review.