Rick Dyer, the board’s treasurer, told his fellow directors that the Investment Committee had reviewed the financials with the accounting firm and had met without management in the room. It was the third year in a row the auditors had reported a problem with Kinexus’s books. For part of that year, an outside accounting firm was running the finance department of an agency that spends roughly $7 million a year in federal money. Dyer told the board in October 2024 that Maner Costerisan had been hired as the new audit firm. The auditors’ finding, three years running, is that the accounting records were not fully reconciled — and a tax return is built from those records.