Budget
21(1)Before February 28 in each year, the Board shall prepare and submit to the Treasury Board a budget containing estimates of the amounts required for working capital and for capital expenditures required during the next fiscal year for the purposes of the Corporation and forecasting the estimated net profit of the Corporation for the next fiscal year.
21(2)The Secretary to Treasury Board may make a report on the budget, containing such recommendations as he or she considers appropriate, to the chair of the Board within 30 days after receipt of the budget.
21(3)If in any fiscal year it appears that the actual revenue or expenditure of the Corporation is likely to be substantially greater or less than estimated in its budget, the Board shall submit to the Treasury Board a revised budget containing the particulars required under subsection (1).
21(4)All outlays and expenditures of a capital nature in excess of $500,000 shall be approved in advance by the Treasury Board.
21(5)The Board shall submit to the Minister of Finance and Treasury Board, at such times as the Minister may prescribe, reports setting out the net profit and net profit forecasts of the Corporation, and the reports shall contain such information as the Minister may prescribe.
21(6)The Board shall submit to the Minister of Finance and Treasury Board, at such times as the Minister may prescribe,
(a)
a strategic plan for the Corporation, and
(b)
an annual plan for the Corporation.
R.S.1973, c.N-6.1, s.16; 1979, c.49, s.1; 1984, c.44, s.16; 2002, c.7, s.5; 2013, c.17, s.9; 2016, c.28, s.86; 2016, c.37, s.123; 2019, c.29, s.103