Thank you, Madam Chair. The amount is in the area of $2 million for doubtful accounts. For this year, it has been about $500,000, but we have been able to, from within, eat about $200,000, but feel that we cannot take the rest of this. That is why it has to be booked in. So I believe we are over the $2 million mark. I think it is just over $2 million. That isn't just one year; that is for as long as the taxes are in arrears. We do not write off the taxes that are in arrears. They continue to be booked and accumulate interest. So on an annual basis,

for example, if we had 100 percent of taxpayers that were invoiced pay their taxes for this year, we would still have to make an account for some increase in that area because of the existing accounts that weren't paid off; they would accrue further interest. We would have to book that as well. The Property Taxation Act is very clear in that area so it continues to accrue interest even though it is put into the doubtful accounts area.

In fact, over the last probably five years, we have had remittance in taxes in the area of 95 percent when you look at it. For example, tax collected as of January 31, 2005, for the existing year taxes that were issued, we have about 91 percent of taxes being collected on the invoices issued. When we look back to the year 2000, the taxes that were issued, we have received about 95 percent of that in payment. For example, if we were at 91 percent for 2004, we continue to go after that source of taxes and people would continue to pay it down, and it would get accounted to the year it was issued. For example, in 2000, there may have been a 90 percent pay rate, but as they paid it down, it goes to that year. For example, in 2000, it has been 95 percent of collection rate. In 2001, it was the same thing, 95 percent. In 2002, same thing. In 2003-04, it has been about just over 91 percent. Thank you.