Thanks, Mr. Chair. I think it is actually the next section. When can I ask some questions about the revolving funds?
Debates of Feb. 25th, 2019
This is page numbers 4981 - 5026 of the Hansard for the 18th Assembly, 3rd Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was going. View the webstream of the day's session.
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The Chair Frederick Blake Jr.
Mr. O'Reilly, right now, we are on page 247 to 249. Then we will do the information items. Once we finish this section, then you could ask questions on the information items. Next, we have Mr. Thompson.
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Shane Thompson Nahendeh
Thank you, Mr. Chair. Hopefully, this will be really quick. In regard to highway operations, I am assuming this include winter roads in this section? Thank you, Mr. Chair.
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February 25th, 2019
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Shane Thompson Nahendeh
Thank you, Mr. Chair. In regard to the Sambaa K'e winter road, again, it is the question about the hills there. Have you identified money to help them with two hills for this fiscal year, or is it the past fiscal year? Thank you, Mr. Chair.
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Wally Schumann Hay River South
Thank you, Mr. Chair. I think, when the Member asked me in the House about this particular question, I said that we would be working with the community on a CAP application. They have submitted one, and we are working with them to looking at approving to do some work on the winter road this year through CAP. Thank you, Mr. Chair.
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Shane Thompson Nahendeh
Thank you, Mr. Chair. That is this fiscal year, or are we talking 2019-2020? Thank you, Mr. Chair.
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Wally Schumann Hay River South
Thank you, Mr. Chair. That will be this fiscal year. Thank you, Mr. Chair.
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The Chair Frederick Blake Jr.
Thank you, Minister Schumann. Any further questions committee? Seeing none, I will call the page. Infrastructure, regional operations, operation expenditure summary, $145,523,000. Does committee agree?
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Some Hon. Members
Agreed.
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The Chair Frederick Blake Jr.
Agreed. Thank you, committee. Next, we have information items from pages 250 to 261. Mr. O'Reilly.
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Kevin O'Reilly Frame Lake
Thanks, Mr. Chair. Let's start with the Petroleum Products Revolving Fund. The deficit is sort of jumping all over the place between 2017-2018 and 2019-2020. Can somebody explain what is happening here? Thanks, Mr. Chair.
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Mccormick
Thank you, Mr. Chair. On this information item, the 2017-2018 actuals are the only, for lack of a better term, real number on the page. The main estimates for 2018-2019 were what we estimated at that time. Revised are updated to reflect the operations throughout the years. That is roughly where we would be this year. The accumulated deficit is just the accumulated operational surpluses for the year. Basically, they are sort of rolling budgets as we go along. We do the best we can to estimate them. Then once the financial audit financial statements are done, then we would update at that time. Thank you.
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Kevin O'Reilly Frame Lake
Thanks, Mr. Chair. 2019-2020, it is predicted that the accumulated deficit is almost going to be $1 million. Is that what I am seeing here? Thanks, Mr. Chair.
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Mccormick
Thank you, Mr. Chair. Yes, that is correct. The accumulated deficit represents the Petroleum Products Stabilization Fund. Thank you.
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Kevin O'Reilly Frame Lake
Thanks, Mr. Chair. The MTS expenses that were incurred because of the failure to deliver fuel and other supplies to the coastal communities, is any of that being charged to the Petroleum Products Revolving Fund? Thanks, Mr. Chair.