Caroline Wawzonek
Deputy Premier
Statements in Debates
Thank you, Madam Chair. Just quickly, I wanted to note that there actually is already a meeting set up with MACA to have exactly this conversation. But I appreciate it being brought up, and I appreciate the Member's comment. Thank you.
Thank you, Madam Chair. Madam Chair, with me on my left is deputy minister Bill MacKay, and on my right is Terence Courtoreille, the deputy secretary to the financial management board. Thank you.
Thank you, Madam Chair. Just to clarify the point there that this was targeted for a very and you can see from the number a fairly specific reduction, and it was reflective of an operator surplus that was seen to exist, and it doesn't reflect on, you know, the fact that there is good work that is being done, but if there is an operating surplus in an organization that is a nonprofit, it considers an opportunity in the course of this obviously bigger bigger concern around the ability of the government to continue to deliver all of the programs, including energy programs, of what we could do...
CIBC Wood Gundy manages it on our behalf. Thank you, Madam Chair.
Thank you, Madam Chair. Madam Chair, this phase of the project is expected to be completed in September of this year. There may be future phases. This is something where, for quite a long period of time when the federal government stopped providing this service, nothing was done, and it put us into the situation we found ourselves in. So, as I say, there will be some continuation of the work going forward but this particular phase will end in September. Thank you.
Thank you, Madam Chair. Madam Chair, I want to say all of them but that's not, I realize, an actual number that I can point to. So I'm just trying to see quickly if I can pull that number at my fingertips. If I don't find it and no one else does instantly, we will make sure and provide that to the Member. Thank you.
Thank you, Madam Chair. It is a contribution agreement with them. In terms of the exact usage or specifics, I don't I mean, there's a number of things they deliver on our behalf. So thank you.
Thank you, Madam Chair. Madam Chair, there was a change in 20222023 as a result of a change in accounting standards and the way in which we were then being required under public accounting standards to consider what was an environmental liability and where to account for it. It's not a cash item today per se. It is a projection that when a government asset at some point in its future no longer is in use, that you have to account for what potential costs there might be to remediate that asset. So for historical assets, that's, you know, classic case of asbestos or led paint, but even more...
Thank you, Madam Chair. Madam Chair, on my left is deputy minister Steve Loutitt. On my right is Amy Burt, who has a very important title I'm sorry, I've forgotten it director of corporate services. Every time.
Madam Chair, I just want to point out there's an awful lot that can be done online now. And so I'm hoping to continue to improve the online services that folks have available to them so that they can do their DMVrelated work any time, any day. Thank you.