Thank you, Mr. Chairman. Mr. Chairman, the accounting rules that come into play here are similar, the same as what we just stated earlier. Once we become aware that there is a potential loss here, or liability, we have to account for it in the year that it occurs. When we make that accounting for it, even though the money hasn't been spent, it is a liability and goes against our budget. Therefore, it would put us over that budget if we did not account for it, then it could be stated that we were understating our estimates. So we would run into problems around the accounting rules. This follows the accounting rules that we have to follow. Thank you.
Floyd Roland on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on October 20th, 2004. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
October 19th, 2004
Page 881
See context to find out what was said next.