Thank you, Mr. Chairman. Mr. Chairman, there is an agreement with the federal government, whereby they bring forward $1 million to us, through our funding from them, each year. The agreement was that the money would accrue towards replacement of the Inuvik and Baffin facilities. So, it comes into general revenue, although the agreement with the federal government does specify that $1 million is being provided for that particular issue in capital.
Perhaps, it hasn't been showing up over the last few years and accruing into the proper area, and that was because of the accounting treatment. I think that issue has been resolved. Mr. Chairman, what it actually means is that the federal government will pay a certain portion of the replacement of the Inuvik facility and the Baffin facility, and the Government of the Northwest Territories will have to supply the remainder. Whether it comes from the $1 million accruing, or whether we come up with all of our portion from somewhere else, it makes no difference.
Other than the fact that, ultimately, the federal government will pay a portion from which they will deduct the payments of $1 million a year from the time of signing. I guess if we don't build the facilities and use the money for something else, then ultimately, we'll end up having to pay 100 per cent of those particular facilities.
I think you'll find in the documents that are before you, Mr. Chairman, that we have made allowances now for the federal department's contributions and I think the issue has been dealt with. Thank you, Mr. Chairman.