Thank you, Mr. Chairman. Yes, to clarify, this is for this year. Stanton had an operating surplus in 1997-1998 of $338,000. They had an operating surplus in 1998-1999 of $107,000, so they had an accumulated surplus of almost $300,000 at the end of March 31, 1999. Then they went into deficit in the following year to the tune of $1.3 million, and they have a projected deficit for last year, that is just a projected deficit, of about $1.2 million.
They have an accumulated deficit forecast, not actual, of about $2.5 million, which represents about five percent of their annual budgetary expenditure. In 2000-2001, their total revenue was close to $48 million. So standing at five percent, it is a significant accumulated deficit to have, but not one that should be out of the realm of manageability.
With this additional ongoing funding, it will prevent them from getting into any greater financial difficulty and give them the opportunity to address the accumulated deficit in a managed way.