Thank you, Madam Chair. Madam Chair, I am here to present Tabled Document 466-19(2), Supplementary Estimates (Operations Expenditures and Borrowing Authorization), No. 4, 2020-2021.

These Supplementary Estimates propose an adjustment of $10.31 million to the authorized long-term borrowing limit established under the Appropriations Act, Operations Expenditures, 2020-2021.

These Supplementary Estimates will ensure the Government of the Northwest Territories is in compliance with the Financial Administration Act by reflecting the borrowing limit for a debt greater than 365 days for the 2020-2021 fiscal year at $628 million. The change is due to variations in the long-term borrowing requirements that were identified as part of the 2020-2021 year end audit. This variance is largely due to the accounting recognition of project costs for the Tlicho All-Season Road, which differed from amounts originally forecasted.

That concludes my opening remarks, Madam Chair. I'm happy to take any questions the Members may have.