I want to start by saying that it's good news to know that your assignments are 99.93% incident-free. At the same time, I want to express my deep concern over what I've read and what I've heard today. I want to underscore the reality here. This is one of the few cases where the Auditor General has given a fail grade for a special examination of a crown corporation. To me, that number one is extremely concerning.
I'm satisfied with what I've heard in terms of how you are addressing your current deficit, three out of four years, $1.2 million, using the surplus that you accumulated through previous years. However, I want to get back to how that ties into what you're doing moving forward. I heard very clearly that you have implemented seven of the recommendations, or will by the end of this year. You will address the remaining three recommendations by June of next year. I don't know the specifics of those.
I know we have very limited time here, but it strikes me that there needs to be a greater sense of accountability here. This isn't a mom-and-pop operation; this is a crown corporation. There's an expectation that funds are being used accordingly and that you are running a good ship, that you are running a ship that is essentially efficient, that you're making use of resources properly. To me, basic things such as having properly documented contracts for your entrepreneurial pilots would be a simple thing that should have been done already. For example, when you look at the lack of performance evaluations for some of your employee contracts, how could you not have these things on file? In terms of the governance, I'm not getting a clear sense of how those challenges are being met based on some of the earlier questions I heard.
I want to tie that back to your financial realities. Over the past four years you have gotten into this slump where you're seeing deficits three out of four years. From my understanding, you have talked about it at the board level, to have some strategic objectives. Is there a strategic plan? Is there a plan that this organization will move forward with to turn that deficit around, but at the same time, be able to address all these operational challenges that have been identified in the report?
Can you give me a better sense of that? The way it was presented in the power point doesn't assure me. I believe the public needs to be assured that there's a real concrete plan moving forward to address these concerns and a way to find financial balance and responsibility moving forward.