Thank you, Mr. Chairman. The Financial Management Board Secretariat, along with the Ministry of Aboriginal Affairs and the Executive Offices, is part of the Department of the Executive. Each one submits their own business plans and main estimates for committee review.
FMBS is comprised of the following activities; the directorate, labour relations and compensation services, government accounting, budgeting and evaluation, and the audit bureau.
The Standing Committee on Governance and Economic Development met with the chair of the Financial Management Board and his staff on Wednesday, January 17, 2001, to review the Secretariat's main estimates for 2001-2002.
The committee noted a $1,719,000 increase in the operations expense from the Secretariat's 2001-2004 business plan projections. This projected increase reflects:
- • amendments arising from increases in compensation and benefits in the amount of $623,000 as the result of the recent UNW collective agreement;
- • a reduction in amortization estimates of $29,000;
- • an increase of $1,280,000 in the base funding for the Power Subsidy Program (which provides subsidies for both domestic and commercial consumers of electricity who pay for their own power and reside in high cost areas); and
- • a decrease in other adjustments of $155,000.
FMBS did not propose any new capital expenditures from their 2001-2004 business plan.
There were no changes to FMBS' revenue projections. Although the Secretariat proposed a six-position increase from their 2001-2004 business plan, this readjustment results in an actual two-position decline from their 2000-2001 main estimates.