Very briefly, Mr. Chairman. I am pleased to present the proposed 1995-96 capital budget for the Workers' Compensation Board of the NWT. In preparing this
budget, the board continues to act responsibly in using employers' money fairly and with good effect.
This budget totals $91,200. It is the second capital budget presented by the WCB, which greatly reduces capital spending from the previous year.
You may recall that 1993 saw the consolidation of office space that, while reducing ongoing expenses, required extensive renovations. In 1993-94, the board completely revamped its computer systems. As the systems conversion project is expected to be completed by the end of 1994, the capital budget for computer equipment will be much lower in 1995.
The board expects to spend $33,000 on computer equipment and about $12,000 on software, including purchases or upgrades of various programs. Office equipment replacements and acquisitions are estimated to cost $20,000. The board expects to spend $14,500 on office furnishings and another $12,000 on minor renovations to enclose work stations.
I believe the board has carefully considered the spending of each dollar. I commend them for the conscientious actions in preparing this budget. Thank you.