Thank you, Mr. Chairman. Mr. Chairman, we had hoped to conclude this work this spring and to present a final report to the AGM in May. What has been happening is as we have been getting into some of the technical work, for example, some of the points the Member from Rae-Edzo has been raising, it is not as easy as it looked from the start.
The NWTAM and ourselves want to make sure we do a good job on this as opposed to a fast job. We are looking at bringing in an interim report and interim recommendations to the NWTAM in May. We will have a better sense then of how much work is going to be required to complete it. A lot will depend on how dramatic the change would be in terms of the recommendations because we have a fixed amount of money in the budget. We are not talking about having any more money to put into that pot. We are just talking about, is there a better way to distribute the money we have.
Of course, in order to give some communities more money, it means other communities are going to get less. What we are going to have to do is be able to provide the new financing framework in a way that all communities can buy in and to have a transition to that which is fair. Of course, at this time, we do not have that framework, and we cannot tell how dramatic those changes will be and if it will be a difficult transition or a relatively easy one.
By May, we should have a better sense of where that sits, and we will want to be discussing that in a very up-front and honest way with the association to have their support in terms of how we plan the transition, and what will be a more fair and equitable funding formula. Thank you, Mr. Chairman.