Thank you, Mr. Speaker.
I would like to present to you the 2021‑22 Year‑End Financial Report. It compares the year‑to‑date financial information for this year with the previous year.
This is the first of two year‑end financial reports. The second report will be presented to the board this fall following the external audit. This report, prepared by House Administration staff, was not audited and is based on modified cash basis of accounting in accordance with Public Accounts of Canada.
I attest to the accuracy and reliability of the information contained therein.
Turning your attention to slide number 2, which relates to the year-end results, the authorities for 2021-22 total $547.6 million. Expenditures amounted to $510 million, leaving a surplus of $37.5 million. This surplus corresponds to the lapse that will be reported in the Public Accounts of Canada.
In next slide, as shown in the surplus analysis, the amount of $37.5 million is broken down as follows: 55% pertains to office budgets of members and House officers attributable to the general election, the COVID-19 pandemic, as well as other various items; 17% relates to the budgets of committee associations and exchanges, mainly due to the impact of the pandemic; while 28% pertains to House Administration, mainly attributable to job vacancies, the pandemic, as well as delays caused by global supply chain issues.
Annually, with the board approval, the House carries forward lapsed amounts of up to 5% of the main estimates, which corresponds to $19.2 million for this fiscal year. Therefore, a total of $6.8 million would be allocated to the office budgets of members and House officers. The remaining $12.4 million would be allocated to the House Administration and could be used to offset unforeseen operating pressures, as well as various member-related projects and initiatives: for example, the life-cycling of IT infrastructure not received last year due to supply chain issues, the continuation of corporate prevention programs related to occupational health and safety, improvements to members' financial management tools and the management of corporate assets.
Therefore, I am seeking the board's approval to include a carry forward of $19.2 million in the 2022‑23 supplementary estimates.
This concludes my opening remarks, Mr. Speaker.
I look forward to your questions.