ARCHIVED - Financial Statements For the year ended March 31, 2009
Notes to the Financial Statement (unaudited)
7. Contingent liabilities
(a) Contaminated sites
The Public Health Agency has no contaminated sites.
(b) Claims and litigation
In the normal course of its operations, Public Health Agency becomes involved in various legal actions. There is a number of claims for which a reasonable estimate of the potential liability cannot presently be determined. Some of these potential liabilities may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded on the agency's financial statements.
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