Thank you, Mr. Chairman, Supplementary Appropriation No. 4 requests authority for additional appropriations of $2.478 million for operations expenditures for departmental over-expenditures.
The request is being made to comply with the authorization process for over-expenditures of appropriations occurring in the 2003-2004 fiscal year, as provided for in the Financial Administration Act. Details of the over-expenditures are as follows:
- $231,000 for the Department of the Executive, Financial Management Board Secretariat, that represents the over-expenditure caused by accruing a $3 million loss allowance on the loan guarantee agreement with Sirius Diamonds NWT Ltd.
- $2.2 million for the Department of Education, Culture and Employment that represents the over-expenditure caused by accruing a $9.5 million potential liability associated with current litigation being brought forward against the governments of the Northwest Territories and Nunavut for previous abuse in the school system.
Mr. Chairman, I am prepared to review the details of the supplementary appropriation document with committee. Thank you.