Mr. Chairman, I am here to present Supplementary Estimates (Operations Expenditures), No. 4, 2011-2012. This document provides an increase of $591,000 for operations expenditures for departmental over-expenditures in the 2011-12 fiscal year.
During the 2011-12 year-end process to finalize the GNWT financial statements, adjustments were made to departmental expenditures to ensure the statements were prepared in accordance with Canadian generally accepted accounting principles. The 2011-12 year-end process identified a number of adjustments that resulted in departments exceeding their appropriation authority.
Section 36(4) of the Financial Administration Act provides the Minister of Finance authority to submit a supplementary appropriation bill to the Legislative Assembly to finance any departmental over-expenditures resulting from the year-end process.
Appropriation authority is therefore being sought for the following two adjustments:
1.
$247,000 for Education, Culture and Employment for over-expenditures as a result of an accounting change in amortization expense; and
2. $344,000 for Transportation to record expenses
originally recorded as work performed on behalf of others as operational expenses.
I am prepared to review the details of the supplementary estimates document. Thank you, Mr. Chair.