Thank you, Mr. Chairman. I am here to present Supplementary Estimates (Operations Expenditures), No. 4, 2009-2010. This document outlines an increase of $29.284 million for operations expenditures for departmental over-expenditures in the 2009-2010 fiscal year.

During the year-end process to finalize the GNWT financial statements, adjustments are typically made to department expenditures to ensure the statements are prepared in accordance with Canadian generally accepted accounting principles. The 2009-2010 year-end process identified a number of adjustments that result in departments exceeding their appropriation authority.

Section 36(4) of the Financial Administration Act states that the Minister of Finance shall submit an appropriation in the form of a supplementary appropriation bill to the Legislative Assembly to finance any departmental over-expenditures resulting from the year-end process.

Therefore, appropriation authority is being sought for adjustments in the following two categories of over-expenditures:

1. Appropriation authority totalling $25.5 million to

account for the reallocation of previously expended capital investment expenditures to operations expenditures. The net financial impact on government operations is nil as the transaction does not represent any additional outlay.

2. $3.8 million to fund departments who over-

expended their approved operations expenditures appropriations in the 2009-2010 year and thus require appropriation authority for the over-expenditures as required by the Financial Administration Act. These over-expenditures result from accounting adjustments made after year-end.

I’m prepared to review the details of the supplementary appropriation document. Thank you, Mr. Chairman.