Thank you, Mr. Chair. The $13 million that I had stated as a surplus was the surplus from 2017-2018. We are projecting that the fiscal year 2018-2019 actually will have a higher surplus. There were some difficulties with the accounting on some of the education bodies during 2017-2018. That bodies, there was only one in deficit, was actually projecting a surplus in the 2018-2019 because of the adjustments to the accounting, so it is not really reflective. Currently, how it stands, as stated earlier, the authorities are allowed to maintain 7 percent of their surplus, and they have to provide a plan for how they are going to use their surplus funding within the year. Thank you, Mr. Chair.
Caroline Cochrane on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 5th, 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
March 5th, 2019
Page 5176
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