That's correct. If you look at tab 5, you'll see the breakdown for 2006-07. In percentage terms, it's the same as 2005-06. There is $6,223,000 for salaries and wages. For operating funds, it is $1.9 million. So 24% of the budget is operating funds and 76% is salaries. That general breakdown was true for last year as well.
On November 6th, 2006. See this statement in context.