Thank you.
My question is in terms of the overall budget, because we have $11-million-and-some for general administration and $9-million-and-some for the administration of the programs themselves. That's $20 million for administration. Then there's an additional $10 million that's kept as a surplus. So that's $30 million of the budget.
My question is twofold. First, have you looked at the administration costs in terms of the Canada Council's overall budget, and are there areas we can improve on? Second, can you explain to me the need to have $10 million sitting in a surplus when it's an annual funding program? It's not as if you are running a feeder school or a feeder company and you'd want to maintain a bit of a padding if revenues fell one year. I'm wondering, why is $10 million kept out of the money that could be used for programming?