The accounting comes in when we're actually doing the books for what was spent. This is a mechanism to resource departments for what they can spend. But when a department spends money, if they spend it on operating dollars it will be characterized as operating. If they use the money on capital, if it meets the definition of an asset, it will still show up on the financial statements of the Government of Canada as an asset.
So it doesn't matter where the source was. From an accounting perspective they will account for it based on what it was spent on. So to answer your question, yes.