Thank you, Mr. Chair.
Today, I am presenting the quarterly financial report for the third quarter of 2022‑23.
This unaudited report, based on a modified cash basis of accounting, was prepared by the administration. I attest to the accuracy and reliability of the information provided in the report.
As of December 31, the House had spent $391.6 million, which is an increase of $24.8 million over the same quarter last year.
The increase is mainly due to four items.
The first accounts for more than half of the increase, so $11.6 million, resulting from an increase in travel costs as activity levels on Parliament Hill increased and public health restrictions were lifted.
The second item represents an increase of $3.6 million in equipment costs, mainly due to equipment delivery delays in the previous year and IT projects in support of members and equipment life-cycling.
The third item is also attributable to increased parliamentary activities and amounts to $3.1 million for supplies for food services and printing services.
Finally, the fourth item accounts for $2.7 million, an increase mainly for IT projects and initiatives related to members' security enhancements and higher hospitality costs.
Most importantly, it should be noted that as of December 31, the House was operating within the approved authorities, and there are no other financial material variances or concerns to bring to the board's attention.
Mr. Speaker, this concludes my presentation. I welcome any questions the board may have.