Thank you, Chair.
Thank you for your presentation.
Looking back over time, and compared to what your estimates are projecting for this year, I have a couple of questions. I want to first make sure I'm comparing apples to apples here.
In 2005-06, it appears that PCO had financial resources of about $149 million. Looking forward in the estimates this year, it's about $127 million. When you factor in inflation, I believe that would be a significant reduction in what you're spending.
Am I accurate in comparing those two numbers?