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Public Accounts committee Mr. Chair, can I...?
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee Regarding the lapse in the National Research Council, just to break it down a bit, it is a split between capital and grants and contributions dollars. So it's not just one thing; there are two things happening there. From my memory, the National Research Council is not what I wou
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee There is possibly a connection with the pay system, as benefits are paid under that plan. You do pay that through your payroll deductions, so we can verify if this is in fact a change that results because of the change in the pay system or if it's just a change in the natural cy
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee That's a very interesting question, Mr. Chair. The funding model for the Canada school has been revisited from time to time over the years. There was a point in time when you paid by the course. There were some other courses that were offered free of charge. The current model fo
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee It's a little more complicated than dollar for dollar and so I'll start and then turn to Finance. When departments are resourced through their appropriations, which is on a modified cash basis, and that's what Parliament votes on, we have to translate that into accrual dollars.
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee There are a couple of points on this one. Yes, there is a database of property. It's publicly available, and shows you what we own. It doesn't tell you what it's worth, or what it could be worth. That being said, I should flag that in last year's budget, it was announced there wo
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee To actually ascertain what your buildings are worth is only important if you decide you're going to sell them. Once a decision is made that an asset is surplus, we will go and get a market assessment. If it's not in great shape, there's an organization we can use to repurpose it.
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee Thank you for your question. That's the total revenue for 12 months. So the two figures can be compared.
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee Unfortunately, no. I am the president, and I cannot explain that discrepancy. I could take a guess, but I don't want to do that. We could provide you with that information after the meeting.
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee There are maybe two things. The forecasting ability has improved over the years. The economy does change, and I'll leave it to my colleagues from Finance to explain what has happened on the economic side. If the theory is that there's deliberate pessimism in the forecast—there
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee Maybe I'll start and turn to my friends from Finance for a little bit of help, Mr. Chair. In volume I, on page 2.8 you will see the government's statement of cash flow for the whole year. That gives you a sense of the ins and outs, and that is required disclosure by accounting s
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee Maybe I'll start with the accounting policy, Mr. Chair, and then leave it to the Auditor General to address his observation. The way the assets are recorded is with their purchase price, so it's cash and what we actually paid to acquire or build it. Then, once the asset is in se
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee I'll go ahead, and then I'll let Mr. Rochon give real content. There's a document that is not part of the public accounts, the debt management strategy document, a Department of Finance publication. It is an extremely useful document in terms of understanding the debt management
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee I'm going to have Diane get on the record here.
October 17th, 2017Committee meeting
Bill Matthews
Public Accounts committee The only thing I would highlight for that question, Mr. Chair, is that those writeoffs are not representative of one year. You can write off six or seven years' worth of program data. We will get you the program spend, but do understand that when writeoffs happen, they can be for
October 17th, 2017Committee meeting
Bill Matthews