The report says the $5\u002Dbillion price tag was higher than the previous 19 years combined
Auditor general Michael Pickup says the report draws attention to the spending as significant, but it doesn’t identify problematic accounting in those areas.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
Pickup’s office had issued a qualified independent opinion highlighting that concern and two others in August, after the province released its financial statements. The Finance Ministry has defended its accounting, saying it records deferred revenues for grants that cover multiple years, so the reported revenue will more accurately reflect its allocation over time, rather than appear as a lump sum.Article content
It said it couldn’t agree with the auditor, because adopting the change would result in budget and actual results no longer being directly comparable.
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