2017-18 Departmental Plan spending and human resources

Planned Spending

This trend graph illustrates ACOA’s spending over six fiscal years, 2014-2015 through 2019-2020.

D

Budgetary Planning Summary for Programs and Internal Services:

Programs and Internal Services 2014-15 Expenditures 2015-16 Expenditures 2016-17 Forecast Spending 2017-18
Main Estimates
2017-18 Planned Spending 2018-19 Planned Spending 2019-20 Planned Spending
Enterprise Development 173,992,156 171,964,203 189,199,474 170,058,923 170,058,923 165,171,923 164,291,923
Community Development
90,659,999
91,402,846
105,710,784
104,552,144
104,552,144
87,732,144
87,732,144
Policy, Advocacy and Coordination
12,444,235
11,828,235
13,636,086
10,966,274
10,966,274
10,691,274
10,441,274
Subtotal 277,096,390 275,195,284 308,546,344 285,577,341 285,577,341 263,595,341 262,465,341
Internal Services
28,176,701
26,413,684
27,587,040
25,967,603
25,967,603
25,967,603
25,967,603
Total 305,273,091 301,608,968 336,133,384 311,544,944 311,544,944 289,562,944 288,432,944

In the 2017-18 Main Estimates, the Agency’s available funding is $311.5 million. This represents a decrease of $24.6 million from 2016-17 forecast spending of $336.1 million. This variance is explained by:

In 2018-19 planned spending is $289.6 million, a $21.9 million decrease from the $311.5 million in 2017-18 Main Estimates, due to:

In 2019-20, planned spending is $288.4 million, a $1.2 million decrease from the $289.6 million in 2018-19 planned spending, due to:

Planned human resources

Human Resource Planning Summary for Programs and Internal Services: (FTEs)

Programs and Internal Services 2014-15
    FTEs    
2015-16
    FTEs    
2016-17 Forecast FTEs 2017-18 Planned FTEs 2018-19 Planned FTEs 2019-20 Planned FTEs
Enterprise Development
218
208
222
222
222
222
Community Development
95
102
103
101
101
101
Policy, Advocacy and Coordination
60
64
69
68
68
68
Subtotal
373
374
394
391
391
391
Internal Services
197
199
199
199
199
199
Total
570
573
593
590
590
590

Other than the increase in FTEs from 2015-16 to 2016-17 due to the dissolution of the Enterprise Cape Breton Corporation, there are no significant changes in FTEs over the upcoming fiscal years.

Estimates by vote

For information on ACOA’s organizational appropriations, consult the 2017-18 Main Estimates.

Future-Oriented Condensed Statement of Operations

The Future‐Oriented Condensed Statement of Operations provides a general overview of ACOA’s operations. The forecast of financial information on expenses and revenues is prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.

Because the Future‐Oriented Condensed Statement of Operations is prepared on an accrual accounting basis, and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts may differ.

A more detailed Future‐Oriented Statement of Operations and associated notes, including a reconciliation of the net cost of operations to the requested authorities, are available on the Agency’s website.

Future-Oriented Condensed Statement of Operations For the Year Ended March 31, 2018 (dollars)

Financial Information 2016-17 Forecast Results 2017-18 Planned Results                 Difference                
(2017-18 Planned Results
minus
2016‑17 Forecast Results)
Total expenses 258,979,793 259,132,291 152,498
Total revenues 13,265 18,392 5,127
Net cost of operations before government funding and transfers 258,966,528 259,113,899 147,371

Planned total expenses for fiscal year 2017-18 are $259.1 million, a slight increase of $152,498 compared to the 2016-17 forecast results.

Of the planned expenses, $111.1 million, (42.9%) will be spent in the Enterprise Development program, $106.3 million (41%) in Community Development, and $12.2 million (4.7%) in Policy, Advocacy and Coordination. Internal Services will represent $29.5 million (11.4%).

The planned expenses do not include unconditionally repayable contributions transfer payments, which are estimated to be $62.1 million. These are classified as assets.

Total revenues represent the gain on disposal of tangible capital assets.

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