Madam Chair, I move that this committee recommends that the comptroller general add to the financial statement discussion and analysis section of the public accounts several reporting items that are present in public accounts of other jurisdictions; specifically,
- Population data;
- Unemployment rates;
- Key nonfinancial results of major sectors;
- Variances between budget and actuals and between current and prior year actuals by revenue source;
- Variances between budget and actuals between current and prior year actuals by expense program and object;
- Discussion details on each liability line item; and,
- Classification of the indicators of the financial health to one of three elements: Sustainability, flexibility, or vulnerability.
And further, that the comptroller general extend all historical charts in the financial statement discussion and analyses section of the public accounts to include ten years of data. Thank you, Madam Chair.