February 10, 2016

Wildrose statement on Auditor General's report: Treasury Board and Finance

Today, Wildrose Shadow Finance Minister Derek Fildebrandt released the following statement concerning the Auditor General's review of financial policies and practices at the Department of Treasury Board and Finance.


“During a time of record debt and deficits, the government is inexplicably costing Albertans tens-of-millions to hundreds-of-millions of dollars in mismanagement. This can no longer be tolerated.


“Today’s findings raise several questions on whether or not tax dollars are being properly handled. The government has known a problem exists for the past 12 years and requests to fix it have been consistently denied.


“Best practices need to be immediately implemented to see more interest on cash accrued, fewer bank accounts and attached costs, and less financial burden as a result of this government’s record debt load.


“Manual reconciliation needs to be modernized to prevent public servants’ time from being wasted and provide accurate and timely cash positions.


“And the government should immediately switch policies to issue more electronic fund transfers instead of cheques. It is frankly outrageous that this department does not provide the oversight across government in this regard.


“We thank the Auditor General for his work and hope the NDP will implement these changes.”



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