Financial statements as of March 31, 2014

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About this publication

Publication author : Canada Economic Development for Quebec regions

Publish date : November 5, 2014

Summary :

This report presents the Agency’s financial statements as of March 31, 2014.

Table of Contents

  1. Statement of Management Responsibility Including Internal Control Over Financial Reporting
  2. Notes to the Financial Statements (Unaudited) For the Year Ended March 31

Statement of Management Responsibility Including Internal Control Over Financial Reporting

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2014, and all information contained in these statements rests with the management of the Economic Development Agency of Canada for the Regions of Quebec (the Agency). These financial statements have been prepared by management using the Government’s accounting policies, which are based on Canadian public sector accounting standards.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management’s best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the Agency's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in the Economic Development Agency of Canada for the Regions of Quebec Departmental Performance Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards and managerial authorities are understood throughout the Agency and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of ICFR is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

The Agency is subject to periodic Core Control Audits performed by the Office of the Comptroller General and uses the results of such audits to comply with theTreasury Board Policy on Internal Control.

A Core Control Audit was performed in 2012-2013 by the Office of the Comptroller General of Canada (OCG). The Audit Report and related Management Action Plan are posted on the departmental web site.

The financial statements of the Agency have not been audited.

Marie Lemay, P.Eng., ing.,
Deputy Minister / President
Montréal, Canada

Marc Lemieux, CMA, MA, MBA,
Chief Financial Officer

Date

Statement of Financial Position (Unaudited)
As at March 31
(in thousands of dollars)
Assets and Liabilities 2014 2013
Liabilities
Accounts payable and accrued liabilities (note 4) $ 104,319 $ 128,444
Vacation pay and compensatory leave 1,558 1,636
Employee future benefits (note 5) 1,625 2,210
Total gross liabilities 107,502 132,290
Liabilities held on behalf of Government
Accounts payable and accrued liabilities (note 4) (73,929) (74,912)
Total liabilities held on behalf of Government (73,929) (74,912)
Total net liabilities 33,573 57,378
Financial assets
Due from Consolidated Revenue Fund 29,980 53,456
Accounts receivable and advances (note 6) 969 486
Loans receivable (note 7) 276,270 257,571
Total gross financial assets 307,219 311,513
Financial assets held on behalf of Government
Accounts receivable and advances (note 6) (552) (361)
Loans receivable (note 7) (276,270) (257,571)
Total financial assets held on behalf of Government (276,822) (257,932)
Total net financial assets 30,397 53,581
Departmental net debt 3,176 3,797
Non-financial assets
Prepaid expenses 151 130
Tangible capital assets (note 8) 660 917
Total non-financial assets 811 1,047
Departmental net financial position $ (2,365) $ (2,750)

Contractual obligations (note 9)

The accompanying notes form an integral part of these financial statements.

Marie Lemay, P.Eng., ing.,
Deputy Minister / President
Montréal, Canada

Marc Lemieux, CMA, MA, MBA,
Chief Financial Officer

Date

Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31
(in thousands of dollars)
Expenses and Revenues 2014
Planned Results
2014 2013
Expenses
Business Development $102,869 $83,830 $87,486
Regional Economic Development 39,565 39,495 44,299
Strengthening Community Economies 41,572 58,650 87,725
Internal services 16,775 20,229 20,097
Expenses incurred on behalf of Government (13,138) (17,368) (15,387)
Total expenses 187,643 184,836 224,220
Revenues
Interest revenues 620 560 486
Miscellaneous revenues 198 96 120
Revenues earned on behalf of Government (818) (656) (606)
Total revenues 0 0 0
Net cost of operations before government funding and transfers 187,643 184,836 224,220
Government funding and transfers
Net cash provided by Government 183,857 203,038 257,323
Change in due from Consolidated Revenue Fund (1,398) (23,476) (36,359)
Services provided without charge by other government departments (note 10a) 5,515 5,632 6,326
Transfer of assets and liabilities to other government departments (note 8 and note 11) 0 27 (20)
Net cost of operations after government funding and transfers (331) (385) (3,050)
Departmental net financial position – Beginning of year (3,512) (2,750) (5,800)
Departmental net financial position – End of year $ (3,181) $ (2,365) $ (2,750)

Segmented information (note 12)

The accompanying notes form an integral part of the financial statements.

Statement of Change in Departmental Net Debt (Unaudited)
For the Year Ended March 31
(in thousands of dollars)
Change 2014
Planned Results
2014 2013
Net cost of operations after government funding and transfers $ (331) $ (385) $ (3,050)
Change due to tangible capital assets
Acquisition of tangible capital assets 243 211 207
Amortization of tangible capital assets (note 8) (480) (478) (583)
Proceeds from disposal of tangible capital assets (7) (17) (14)
Net (loss) or gain on disposal of tangible capital assets including adjustments 0 (1) (6)
Transfer to other government departments (note 8) 0 (28) (20)
Total change due to tangible capital assets (244) (257) (416)
Change due to prepaid expenses (17) 21 (130)
Net decrease in departmental net debt (592) (621) (3,596)
Departmental net debt – Beginning of year 4,993 3,797 7,393
Departmental net debt – End of year $ 4,401 $ 3,176 $ 3,797

The accompanying notes form an integral part of these financial statements.

Statement of Cash Flow (Unaudited)
For the Year Ended March 31
(in thousands of dollars)
Cash Flow 2014 2013
Operating activities
Net cost of operations before government funding and transfers $ 184,836 $ 224,220
Non-cash items:
Amortization of tangible capital assets (note 8) (478) (583)
Loss on disposal and write-down of tangible capital assets (1) (6)
Services provided without charge by other government departments (note 10a) (5,632) (6,326)
Variations in Statement of Financial Position:
Increase (decrease) in accounts receivable and advances 292 (58)
Increase (decrease) in prepaid expenses 21 (130)
Decrease in accounts payable and accrued liabilities 23,142 36,359
Decrease in vacation pay and compensatory leave 78 179
Decrease in future employee benefits 585 3,475
Transfers of prepaid expenses to other government departments (note 11) 1 0
Cash used in operating activities 202,844 257,130
Capital investing activities
Acquisition of tangible capital assets (note 8) 211 207
Proceeds from disposal of tangible capital assets (17) (14)
Cash used in capital investing activities 194 193
Net cash provided by Government of Canada $ 203,038 $ 257,323

The accompanying notes form an integral part of these financial statements.

Notes to the Financial Statements (Unaudited) For the Year Ended March 31

Notes to the Financial Statements (Unaudited) For the Year Ended March 31

Authorities and objectives

Under the Economic Development Agency of Canada for the Regions of Quebec Act, which came into force on October 5, 2005, the object of the Agency is to promote the long-term economic development of the regions of Quebec by giving special attention to those where slow economic growth is prevalent or where opportunities for productive employment are inadequate. In carrying out its mission, the Agency shall take such measures as will promote co-operation and complementarity with Quebec and the communities in Quebec.

Thus, the Agency aims to build stronger communities and strengthen the competitiveness of enterprises and regions of Quebec and is reflected in a single strategic result: A competitive and diversified economy for the regions of Quebec. To achieve this strategic outcome, the Agency has four program activities:

Summary of significant accounting policies

These financial statements have been prepared using the Government's accounting policies stated below, which are based on Canadian public sector accounting standards. The presentation and results using the stated accounting principles do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

  1. Parliamentary authorities - The Agency is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to the Agency do not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and in the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. Note 3 provides a reconciliation between the bases of reporting. The planned results amounts in the Statement of Operations and Departmental Net Financial Position are the amounts reported in the future-oriented financial statements included in the 2013-2014 Report on Plans and Priorities.

  2. Net Cash Provided by Government – The Agency operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by the Agency is deposited to the CRF and all cash disbursements made by the Agency are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.

  3. Amounts due from the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that the Agency is entitled to draw from the CRF without further authorities to discharge its liabilities.

  4. Revenues - Revenues are accounted for in the period in which the underlying transaction or event occurred that gave rise to the revenues, except for the item listed below. Loans are non-interest bearing and, due to the uncertainty as to ultimate collection, interest income is only charged on overdue amounts when received. Other revenues consist of other fees and gains on the disposal of capital and non-capital assets.

    Revenues that are non-respendable are not available to discharge the Agency's liabilities. While the Deputy Head is expected to maintain accounting control, he has no authority regarding the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented in reduction of the entity's gross revenues.

  5. Expenses - Expenses are recorded on the accrual basis:
    • Transfer payments are recorded as expenses when authorization for the payment exists and the recipient has met all eligibility criteria or the entitlements established for the transfer payment program. In situations where payments do not form part of an existing program, transfer payments are recorded as expenses when the Government announces a decision to make a non-recurring transfer, provided the enabling legislation or authorization for payment receives parliamentary approval prior to the completion of the financial statements. Transfer payments that become repayable as a result of conditions specified in the contribution agreement that have come into being are recorded as a reduction to transfer payment expense and as a receivable.

    • Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.

    • Services provided without charge by other government departments for accommodation, employer contributions to the health and dental insurance plans, and legal services are recorded as operating expenses at their estimated cost.
       
  6. Employee future benefits
    1. Pension benefits: Eligible employees participate in the Public Service Pension Plan, a multiemployer pension plan administered by the Government. The Agency's contributions to the Plan are charged to expenses in the year incurred and represent the Agency's total obligation to the Plan. The Agency's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, the Plan's sponsor.

    2. Severance benefits: Employees entitled to severance benefits under labour contracts or conditions of employment earn these benefits as services necessary to earn them are rendered. The obligation relating to the benefits earned by employees is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.
       
  7. Accounts and loans receivable are stated at the lower of cost and net recoverable value. The present value of these contributions is not estimated, since insufficient conditions of a concessionary nature are attached to them. Transfer payments that are unconditionally repayable are recognized as loans receivable. A valuation allowance is recorded for accounts and loans receivable where recovery is considered uncertain.

  8. Tangible capital assets - All tangible capital assets and leasehold improvements having an initial cost of $5,000 or more are recorded at their acquisition cost. The Agency does not capitalize intangibles, works of art and historical treasures that have cultural, aesthetic or historical value, assets located on Indian reserves and museum collections.

    Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset, as follows:
     

    Asset class

    Amortization period

     

    Computer hardware

    3 to 5 years

     

    Computer software

    3 years

     

    Other equipment

    5 years

     

    Motor vehicles

    6 years

     

    Leasehold improvements

    Lesser of the remaining term of lease or useful life of the improvement.

     
    Assets under construction are recorded in the applicable capital asset class in the year that they become available for use and are not amortized until they become available for use.

  9. Measurement uncertainty – The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. The most significant items where estimates are used are allowances for doubtful accounts, the liability for employee severance benefits and the useful life of tangible capital assets. Actual results could significantly differ from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

Parliamentary authorities

The Agency receives most of its funding through annual parliamentary authorities. Items recognized in the Statement of Operations and Departmental Net Financial Position and the Statement of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the Agency has different net results of operations for the year on a government funding basis than on an accrual accounting basis. These differences are reconciled in the following tables:

a) Reconciliation of net cost of operations to current year authorities used
(in thousands of dollars)
Reconciliations 2014 2013
Net cost of operations before government funding and transfers $ 184,836 $ 224,220
Adjustments for items affecting net cost of operations but not affecting authorities:
Services provided without charge (5,632) (6,326)
Amortization of tangible capital assets (478) (583)
Loss on disposal and write-down of tangible capital assets (1) (6)
Decrease in vacation pay and compensatory leave 78 179
Decrease in employee future benefits 585 3,475
Repayment of contributions and previous years’ expenses 6,678 9,689
Other 640 886
Total items affecting net cost of operations but not affecting authorities 186,706 231,534
Adjustments for items not affecting net cost of operations but affecting authorities:
Acquisition of tangible capital assets (note 8) 211 207
Increase in prepaid expenses 21 (130)
New loans (note 7) 82,367 64,820
Other 1 (2)
Total items not affecting net cost of operations but affecting authorities 82,600 64,895
Current year authorities used $ 269,429 $ 296,429
b) Authorities provided and used (in thousands of dollars)
Authorities provided and used 2014 2013
Authorities provided:
Vote 1—Operating expenditures $ 42,167 $ 47,188
Vote 5—Grants and contributions 260,896 261,637
Statutory amounts 4,829 5,754
Total 307,892 314,579
Less:
Authorities available for use in future years (17) (16)
Lapsed: Operating and Grants and contributions (38,569) (18,134)
Current year authorities used $ 269,306 $ 296,429

Accounts payable and accrued liabilities

The following table presents details on accounts payable and accrued liabilities by category:
Accounts payable and accrued liabilities (in thousands of dollars) 2014 2013
Accounts payable – Other government departments and agencies $ 3,992 $ 8,742
Accounts payable – External parties 1,527 1,892
Total accounts payable 5,519 10,634
Accrued liabilities 98,800 117,810
Gross accounts payable 104,319 128,444
Accounts payable on behalf of Government (73,929) >(74,912)
Net accounts payable $ 30,390 $ 53,532

Employee future benefits

  1. Pension benefits: The Agency's employees participate in the Public Service Pension Plan, which is sponsored and administered by the Government. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Quebec Pension Plans benefits and are indexed to inflation.

    Both employees and the Agency contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to the Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013.  Each group has a distinct contribution rate.

    The 2013-2014 expense amounts to $3,372 thousand ($4,088 thousand in 2012-2013). For Group 1 members, the expense represents approximately 1.6 times (1.7 times in 2012-2013) the employee contributions and, for Group 2 members, approximately 1.5 times (1.6 times in 2012-2013) the employee contributions.

    The Agency's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan's sponsor.

  2. Severance benefits: The Agency provides severance benefits to its employees based on eligibility, years of service and salary at termination of employment. These severance benefits are not pre-funded. Benefits will be paid from future authorities. Information about the severance benefits, measured as at March 31, is as follows:

    As part of collective agreement negotiations with certain employee groups, and changes to conditions of employment for executives and certain non-represented employees, the accumulation of severance benefits under the employee severance pay program ceased for these employees commencing in 2012. Employees subject to these changes have been given the option to be immediately paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits on termination from the public service. These changes have been reflected in the calculation of the outstanding severance benefit obligation.

    Severance benefits (in thousands of dollars) 2014 2013
    Accrued benefit obligation - Beginning of year $ 2,210 $ 5,685
    Expense for the year 1,815 (762)
    Benefits paid during the year (2,400) (2,713)
    Accrued benefit obligation - End of year $ 1,625 $ 2,210

Accounts receivable and advances

The following table presents details of the Agency's accounts receivable and advances balances:
Accounts receivable and advances (in thousands of dollars) 2014 2013
Receivables – Other government departments and agencies $ 404 $ 70
Receivables – External parties 7,456 7,513
Employee advances 13 14
Subtotal 7,873 7,597
Allowance for doubtful accounts on receivables from external parties (6,904) (7,111)
Gross accounts receivable 969 486
Accounts receivable held on behalf of Government (552) (361)
Net accounts receivable $ 417 $ 125

Amounts collected in respect to conditionally repayable contributions totalled $6,818 thousand for the 2013-2014 fiscal year ($10,477 thousand in 2012-2013). The Agency wrote off a total of $774 thousand in the 2013-2014 fiscal year for accounts deemed uncollectible ($4,323 thousand in 2012-2013).

Loans receivable

Loans (unconditionally repayable contributions) are transfer payments made to eligible recipients to carry out a project. The contribution agreement sets out strict conditions for repayment which determine the dates and amounts of payments. In general, the repayment schedule does not exceed five years, beginning no later than 24 to 48 months after the project completion date. The amounts collected in respect to unconditionally repayable contributions totalled $46,180 thousand for the 2013-2014 fiscal year ($34,276 thousand in 2012-2013). The Agency wrote off a total of $10,807 thousand in 2013-2014 for accounts deemed uncollectible ($14,856 thousand in 2012-2013). All loans are held on behalf of Government, since the Deputy Minister has no authority with regard to their disposal.

The following table presents the details of the Agency's loans and transfer payment recoverable balances:
Loans (in thousands of dollars) 2014 2013
Repayable contributions at the beginning of the year $ 394,925 $ 383,383
New contributions paid 82,367 64,820
Repayments received and other credits (57,665) (53,278)
Subtotal: Repayable contributions at year end 419,627 394,925
Less: Allowance for uncollectiblity (143,357) (137,354)
Total loans receivable $ 276,270 $ 257,571

Tangible capital assets

Capital
Asset
Class
Cost
(in thousands
of dollars)
Accumulated
Amortization
(in thousands
of dollars)
Net
Book
Value
(in thousands of dollars)
Opening Balance Acqui-
sitions
Adjust-
ments (1)
Dispo-
sals
Closing Balance Opening Balance Amorti-
zation
Adjust-
ments (1)
Dispo-
sals
Closing Balance 2014 2013
Computer hardware $ 280 $ 0 $ 0 $ 0 $ 280 $ 141 $ 52 $ 0 $ 0 $ 193 $ 87 $ 139
Computer software 4,813 108 23 (657) 4,287 4,396 346 0 (656) 4,086 201 417
Other equipment 68 0 0 0 68 43 8 0 0 51 17 25
Motor vehicles 459 91 30 (108) 472 264 52 2 (91) 227 245 195
Leasehold impro-vements 168 0 0 0 168 65 20 0 0 85 83 03
Assets under construc-tion 38 12 (23) 0 27 0 0 0 0 0 27 38
Total $ 5,826 $ 211 $ 30 $ (765) $ 5,302 $ 4,909 $ 478 $ 2 $ (747) $ 4,642 $ 660 $ 917

(1) Adjustments include assets under construction of $23 thousand that were transferred to other categories upon completion of the assets.

Effective July 22, 2013, Transport Canada transferred a motor vehicle, with a net book value of $28 thousand, to the Agency. This transfer is included in the adjustments columns.

Contractual obligations

The nature of the Agency's activities result in some large multi-year contracts and obligations whereby the Agency will be obligated to make future payments in order to carry out its transfer payment programs. Significant contractual obligations that can be reasonably estimated are summarized as follows:

Contractual obligations
(in thousands of dollars)
2015 2016 2017 2018 2019 and thereafter Total
Transfer payments $ 93,928 $ 58,480 $ 9,884 $ 3,367 $ 10,913 $ 176,572
Loans and advances 50,989 8,203 95 0 0 59,287
Total $ 144,917 $ 66,683 $ 9,979 $ 3,367 $ 10,913 $ 235,859

Related party transactions

The Agency is related as a result of common ownership to all government departments, agencies and Crown corporations. The Agency enters into transactions with these entities in the normal course of business and on normal trade terms. During the year, the Agency received services which were obtained without charge from other government departments as disclosed below.

a) Common services provided without charge by other government departments

During the year, the Agency received services without charge from certain common service organizations, related to accommodation, legal services and the employer's contribution to the health and dental insurance plans. These services provided without charge have been recorded in the Agency's Statement of Operations and Departmental Net Financial Position as follows:

Common services (in thousands of dollars) 2014 2013
Employer’s contribution to the health and dental insurance plans $ 2,633 $ 3,196
Accommodation 2,864 2,778
Legal Services 135 352
Total $ 5,632 $ 6,326

The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Works and Government Services Canada, audit services provided by the Office of the Auditor General are not included in the Department’s Statement of Operations and Departmental Net Financial Position. The costs of information technology infrastructure services provided by Shared Services Canada, following the transfer of responsibilities in November 2011 and April 2013, are also not included in the Department’s Statement of Operations and Departmental Net Financial Position.

b) Administration of programs on behalf of other government departments

Under memorandums of understanding with Infrastructure Canada (INFC), the Agency administers and delivers infrastructure programs through federal-provincial agreements with the province of Quebec. Expenses related to federal contributions for these agreements are reflected in the financial statements of INFC and not those of the Agency.

Among the agreements covered by these memorandums of understanding are those of the Municipal Rural Infrastructure Fund (MRIF). During the year, the Agency incurred expenses of $37,354 thousand ($14,923 thousand in 2012-2013). Under the Building Canada Fund agreement, the Agency incurred expenses of $49,355 thousand ($46,864 thousand in 2012-2013). To administer these agreements, the Agency receives additional operating funds in its own authorities through budget processes, and these expenses are included in these financial statements.

c) Other transactions with related parties

Expenses (in thousands of dollars) 2014 2013
Expenses - Other government departments and agencies $ 1,620 $ 1,518

The expenses disclosed in section (c) do not include common services provided free of charge, which are disclosed in section (a).

Transfers to other government departments

On April 3, 2013, the Agency transferred responsibility for the acquisition and provision of hardware and software, including security software, for workplace technology devices to Shared Services Canada pursuant to Order-in-Council 2013-0368, including the stewardship responsibility for the assets and liabilities related to the program. Accordingly, the Agency transferred prepaid expenses of $1 thousand to Shared Services Canada.

Segmented information (in thousands of dollars)

Presentation by segment is based on the Agency's Program Alignment Architecture. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in note 2. The following table presents the expenses incurred and revenues generated for the main programs, by major object of expense and by major type of revenue. The segment results for the period are as follows:

Expenses Business Development Regional Economic Development Strengthening Community Economies Internal services Total 2013 Total
Transfer payments
Non-repayable payments
Non-profit organizations $ 46,866 $ 30,377 $ 52,518 $ 0 $ 129,761 $ 133,583
Other levels of government 0 1,770 5,214 0 6,984 38,049
Industry 989 160 561 0 1,710 2,139
Conditional repayments
Industry (1,323) 3,907 (3,963) 0 (1,379) 373
Other 17,314 (33) (479) 3 16,805 13,615
Subtotal 63,846 36,181 53,851 3 153,881 187,759
Expenses incurred on behalf of Government (17,845) (39) 519 (3) (17,368) (15,387)
Total – Transfer payments 46,001 36,142 54,370 0 136,513 172,372
Operating expenses
Salaries and employee benefits 16,145 2,959 4,306 15,018 38,428 41,360
Professional and special services 2,210 80 111 2,330 4,731 4,798
Accommodation 1,217 200 289 1,626 3,332 3,407
Travel and communications 248 45 57 283 633 706
Purchases of equipment and furniture 7 1 2 105 115 421
Amortization 36 7 7 428 478 583
Information 56 10 13 335 414 330
Supplies and procurement 55 10 12 74 151 162
Repairs and maintenance 9 2 2 25 38 35
Loss on disposal of tangible capital assets 0 0 0 0 0 6
Other 1 0 0 2 3 41
Total – Operating expenses 19,984 3,314 4,799 20,226 48,323 51,848
Total - Expenses 65,985 39,456 59,169 20,226 184,836 224,220
Revenues
Interest revenues 518 0 42 0 560 486
Miscellaneous revenues 91 0 0 5 96 120
Revenues earned on behalf of Government (609) 0 (42) (5) (656) (606)
Total - Revenues 0 0 0 0 0 0
Net cost from continuing operations $ 65,985 $ 39,456 $ 59,169 $ 20,226 $ 184,836 $ 224,220

Comparative information

Comparative figures have been reclassified to conform to the current year's presentation.

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