POLS 2250 Chapter Notes - Chapter 20: Financial Statement, Treasury Board, Sponsorship Scandal
10 Feb 2014
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Focus: this chapter focuses on the government"s ability to handle public funds, the role of the auditor general, and the transfer of government funds. Key terms: estimates, interim supply, supplementary estimates, auditor general, Figure 20. 1 page 316 depicts the various departments involved with the financial processes. Parliament must be approved by the legislature first. The president of the treasury board begins the process, in february or march of each year, by tabling a series of documents from each department in the house of. The departments submit their overall budget requests for the year stating their priorities, where the money will go, and their strategies to achieve these goals. Next, the estimates are sent to various appropriate committees within the house for a more in depth look. The new fiscal year is april first, which means that the estimates will not be done their approval process.
