Yeah, thank you, Mr. Chair. I just want to explain what this is actually asking. We just want a piece of information, which is presently when all GNWT's tangible capital assets are amortized over their expected life cycle, and in theory what that means is that you know when you have to replace it and then you budget accordingly. But it's quite clear that -- well, we all know that our infrastructure's in pretty rough shape so a lot of it has been completely amortized and is noted on our books as being "worth" zero dollars, and I would like to know what that total figure is, or committee thinks it would be a helpful figure to know. And in theory what that number means is that if it's a billion dollars, you have $1 billion worth of infrastructure that is overdue or that is passed its expected life cycle. And I imagine that if you took all of the Power Corp's infrastructure and all the GNWT's infrastructure, it's probably over a billion, but that number is not disclosed. So committee is recommending that be included. Thank you, Mr. Chair.
Rylund Johnson on Committee Motion 326-19(2): Standing Committee on Government Operations Report on the Review of the 2020-2021 Public Accounts - Tangible Capital Assets with Zero Book Value, Carried
In the Legislative Assembly on November 1st, 2022. See this statement in context.
Committee Motion 326-19(2): Standing Committee on Government Operations Report on the Review of the 2020-2021 Public Accounts - Tangible Capital Assets with Zero Book Value, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
November 1st, 2022
Page 4993
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