I can talk a little bit about that, and my CFO might want to jump in with some specific numbers from a Western Diversification perspective.
The critical thing to launch work in the type of role that we have is the certainty of knowing that somebody is going to pay the bills at the end of the day. The member referred earlier to the question of the importance of the supplementary estimates.
For Western Diversification, one of the critical pieces for us back before the summer was to make sure that Parliament had voted the credits necessary so that as Western Diversification we could go out and tell people that we would in fact back up the contribution agreements we were planning to sign with them. Once we sign an agreement--for example, for $300,000 to renovate a facility--they know they can go and do that. They know they can hire an engineer to design it and a contractor to start pulling together the workers. They know they can order supplies, because they know that our credit is good.
The way the transfer payment policy is set up in the Government of Canada, though, we generally don't just give people money right up front. We can do that in some limited circumstances. Sometimes if you're dealing with a smaller organization, that's necessary.
But often with municipalities or universities or other larger players, they know the rules very well. They go out and spend the money and bring the receipts back to us. We compare the receipts to the contribution agreement and make sure that it was in fact what the taxpayers of Canada had expected to pay for and what Parliament had voted for. If that's the case, then we sign the cheque and give the money to them.
But the thing that actually creates the work is that we're able to sign on the dotted line that says, “If you go and do this work, we will reimburse you at the end of the day”. In Western Diversification now, we've approved just under $100 million on the RlnC fund, and we've approved something just over $220 million on the CAF fund. In both cases, it's in the rough neighbourhood of 80%, I guess, in the world of CAF, of the total moneys we had available, and RInC is in excess of... Well, it's at just about 90% in the case of the CAF moneys. Again, that's for the total two-year period going forward as far as March 31, 2011.
