Future-Oriented Statement of Operations (Unaudited) 2017-18

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in dollars Forecast Results 2016–17 Planned Results 2017–18
Expenses
Tribunal specialized and expert support services 31,363,187 32,615,442
Registry services 15,598,658 19,460,662
Payments to tribunal chairs and members 24,018,139 21,344,272
Internal services 21,958,230 21,114,555
Total expenses 92,938,214 94,534,930
Revenues
Revenues Netted Against Expenditures 17,690,600 17,690,600
Miscellaneous revenues 944 944
Revenues earned on behalf of Government (944) (944)
Total revenues 17,690,600 17,690,600
Net cost of operations before government funding and transfers 75,247,614 76,844,330

The accompanying notes form an integral part of this Future-Oriented Statement of Operations.

Notes to Future-Oriented Financial Statements (Unaudited)

  1. Methodology and Significant Assumptions

    The Future-Oriented Statement of Operations has been prepared on the basis of government priorities and ATSSC plans as described in the Departmental Plan.

    The information in the forecast results for fiscal year 2016–17 is based on actual results as at November 30, 2016 and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for fiscal year 2017–18.

    The main assumptions underlying the forecasts are as follows:

    1. The ATSSC's activities will remain substantially the same as in the previous year.
    2. Expenses and revenues, including the determination of amounts internal and external to the government, are based on historical experience. The general historical pattern is expected to continue.

    These assumptions are made as at January 13, 2017.

  2. Variations and Changes to the Forecast Financial Information

    While every attempt has been made to accurately forecast final results for the remainder of 2016–17 and for 2017–18, actual results achieved for both years are likely to vary from the forecast information presented, and this variation could be material.

    In preparing this Future-Oriented Statement of Operations, the ATSSC has made estimates and assumptions about the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are based on past experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and are continually evaluated.

    Factors that could lead to material differences between the Future-Oriented Statement of Operations and the historical statement of operations include:

    1. The timing and the amount of acquisitions and disposals of property, plant and equipment, which may affect gains, losses and amortization expense;
    2. Implementation of new collective agreements.
    3. Further changes to the operating budget through additional new initiatives or technical adjustments later in the year.
    4. Changes in standard rate used by Treasury Board to calculate employee benefits.

    After the Departmental Plan is tabled in Parliament, the ATSSC will not be updating the forecasts for any changes in financial resources made in ensuing supplementary estimates. Variances will be explained in the Departmental Performance Report.

  3. Summary of significant accounting policies

    The Future-Oriented Statement of Operations has been prepared using the Government of Canada’s accounting policies in effect for fiscal year 2016–17, and is based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

    Significant accounting policies are as follows:

    1. Expenses
      The ATSSC records expenses on an accrual basis.
      • Expenses for the ATSSC’s operations are recorded when goods are received or services are rendered, including services provided without charge for accommodation, employer contributions to health and dental insurance plans, legal services and workers’ compensation, which are recorded as expenses at their estimated cost. Vacation pay and compensatory leave, as well as severance benefits, are accrued, and expenses are recorded as the benefits are earned by employees under their terms of employment.
      • Expenses also include amortization of tangible capital assets, which are capitalized at their acquisition cost. Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset.
    2. Revenues
      Revenues are accounted for in the period in which the related transactions or the event that gives rise to the revenues occurred.
      Revenues that are non-respendable are not available to discharge the ATSSC’s liabilities. Although the Chief Administrator is expected to maintain accounting control, he or she has no authority over 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 as a reduction of the entity’s gross revenues.
  4. Parliamentary Authorities

    The ATSSC is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the ATSSC differs from financial reporting according to generally accepted accounting principles because authorities are based mainly on cash flow requirements. Items recognized in the Future-Oriented Statement of Operations in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the ATSSC has different net cost of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

    1. Reconciliation of net cost of operations to requested authorities

      in dollars Forecast Results
      2016–17
      Planned Results
      2017–18
      Net cost of operations before government funding and transfers 75,247,614 76,844,330
      Adjustment for items affecting net cost of operations but not affecting authorities:
      Services provided without charge by othe government departments (15,128,603) (15,128,603)
      Amortization of tangible capital assets (1,186,600) (1,369,150)
      Decrease in vacation pay and compensatory leave (392,151) (392,151)
      Increase in employee future benefits (126,362) 166,913
      Amortization of prepaid expenses (77,080) (77,080)
      Refunds of previous years' expenditures 62,377 62,377
        (16,848,420) (16,737,694)
      Adjustments for items not affecting net cost of operations but affecting appropriations:
      Acquisitions of tangible capital assets 768,356 776,039
      Increase in prepaid expenses 137,474 137,474
      Forecasted current year lapse 5,282,468 3,465,972
      Requested authorities 64,450,018 64,348,647
    2. Authorities requested:

      in dollars Forecast Results
      2016–17
      Planned Results
      2017–18
      Authorities requested
      Vote 1 – Program expenditures 51,751,830 52,628,925
      Vote 25 – Operating Budget Carry Forward 3,493,382 3,328,498
      Vote 30 – Paylist Requirements 59,633 -
      Statutory contributions to employee benefit plans 9,145,173 8,391,224
      Authorities requested 64,450,018 64,348,647
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