Thank you, Mr. Chair. Because the Yellowknife Airport Revolving Fund is a special purpose statement, the accumulated surplus is just shown this way for presentation purposes. The assets are owned by the GNWT, so the actual authorized limit surplus would not include the accumulated surplus for the assets that the GNWT owns. It is just for presentation purposes on the statements. The actual accumulated surplus would be approximately $12.5 million, is what we are predicting for 2019-2020, and with an accumulated real surplus of about $23 million. There would be a significant difference between that and the authorized limit. Thank you, Mr. Chair.
Mr. Mccormick on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 25th, 2019. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
February 25th, 2019
Page 4996
Mccormick
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