Thank you, Mr. Chair. So under the public service accounting rules, we have to treat certain transfers of funding from the federal government as either flow through arrangements or revenue and if it's -- we determine that this amount of money is actually revenues and needs to be treated as revenue because it goes into the department and then is used in their general appropriation to fund certain projects whereas if it was a flow through arrangement, it would just go from a government to a third party, including a territorial government and just go directly to another party. So they would just be basically flowing the money directly to a third party rather than including as part of the revenue. So we just have to change the accounting treatment of that funding. Thank you.
Mr. Mackay on Committee Motion 331-19(2): Concurrence Motion - Tabled Document 747-19(2): Supplementary Estimates (Infrastructure Expenditures), No. 2, 2022-2023, Carried
In the Legislative Assembly on November 1st, 2022. See this statement in context.
Committee Motion 331-19(2): Concurrence Motion - Tabled Document 747-19(2): Supplementary Estimates (Infrastructure Expenditures), No. 2, 2022-2023, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
November 1st, 2022
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Mackay
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