B.C. auditor general questions government’s surplus calculations
VICTORIA — British Columbia’s auditor general is raising questions about the way the provincial government records revenue it receives from the federal government.
Carol Bellringer’s office is taking issue with the surplus recorded for the 2015-16 fiscal year in the annual report on the government’s public accounts.
The government recorded revenues of $47.6 billion and reported expenses of $46.9 billion, leaving a surplus of about $700 million.
The auditor general’s office says it disagrees with that amount, because revenue from federal government transfers for capital assets was deferred.