Hon. John Pollard's return to Question W23-12(2), asked by Mr. Gargan on March 9, 1992: The government's latest interim unaudited financial report 'for the 1991-92 fiscal year is the "Summary of Projected Revenues and Expenditures" that is presented on page one of the information document accompanying the Supplementary Appropriation, No. 3, 1991-92 Act. This summary presents the most current forecast of the 1991-92 financial results. The forecast is for a 1991-92 deficit of approximately $49 million.
The spending forecasts by the department are also presented in the Supplementary Appropriation, No. 3, 1991-92 document on pages three and four. These spending forecasts are in the form of the revised appropriation requirements. Although from past experience it is known that some of the requested appropriation authority will not be used, it is difficult to be specific at the department level until all expenditure and year end accrual information is available. As a result, an estimate of the appropriation authority lapse for the total government, based on historic experience, is included in the Summary of Project Revenues and Expenditures, page one of the Supplementary Appropriation, No. 3, 1991-92 document. The estimated appropriation authority lapse for 1991-92 is $37 million.
Expenditures by department to the end of February 1992 are presented in the attached schedule. These amounts do not include: late expenditure information from financial subsystems; expenditures for March 1992; or year-end expenditure accruals and audit adjustments.
The Supplementary Appropriation, No. 3, 1992-92 document includes explanations for the additional appropriation authority being requested. Without the additional appropriation authority included in the supplementary appropriations, a number of departments would be overspent. However, if the appropriation authority requested is approved by the Legislative Assembly, the government does not expect any departments to be overspent at year end.