2019-20 Departmental Plan
Spending and human resources

Planned spending

D

Planned spending does not include excess amounts related to the collection of repayable contributions because decisions on the excess amount of collections that can be reinvested by the Agency are made later in the fiscal cycle.

Budgetary planning summary for Core Responsibility and Internal Services (dollars)

Core
Responsibility
and Internal
Services
2016-17
Expenditures
2017-18
Expenditures
2018-19
Forecast
spending
2019-20
Main
Estimates
2019-20
Planned
spending
2020-21
Planned
spending
2021-22
Planned
spending
Economic
development in
Atlantic
Canada
307,684,045 332,744,430 324,002,187 289,063,006 289,063,006 267,187,006 265,407,249
Internal
Services
24,681,457 26,241,166 27,227,033 26,553,941 26,553,941 26,501,876 26,062,242
Total 332,365,502 358,985,596 351,229,220 315,616,947 315,616,947 293,688,882 291,469,491

In the 2019-20 Main Estimates, the Agency’s available funding is $315.6 million. This represents a decrease of $35.6 million from the 2018-19 forecast spending of $351.2 million. The variance is explained by:

In 2020-21, planned spending is $293.7 million, a decrease of $21.9 million from the $315.6 million in the 2019-20 Main Estimates, due to:

In 2021-22, planned spending is expected to remain at the 2020-21 level.

Planned human resources

Human resource planning summary for Core Responsibility and Internal Services (FTEs)

Core
Responsibility
and Internal
Services
2016-17
Actual
2017-18
Actual
2018-19
Forecast
2019-20
Planned
2020-21
Planned
2021-22
Planned
Economic development in
Atlantic Canada
387 372 380 382 382 382
Internal Services 195 192 196 196 196 196
Total 582 564 576 578 578 578

The forecasted and planned use of human resources for the current and future fiscal years is expected to vary by less than 3%.

Estimates by vote

Information on ACOA’s organizational appropriations is available in the 2019-20 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. The forecast and planned spending amounts presented in other sections of the Departmental Plan are prepared on an expenditure basis; as a result, 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 ACOA’s website.

Future-Oriented Condensed Statement of Operations For the year ending March 31, 2020 (dollars)

Financial Information 2018-19
Forecast
results
2019-20
Planned
results
Difference
(2019-20 Planned results
minus
2018 19 Forecast results)
Total expenses 267,412,218 275,208,753 7,796,535
Total revenues 12,647 19,351 6,704
Net cost of operations before
government funding and
transfers
267,399,571 275,189,402 7,789,831

Planned total expenses for fiscal year 2019-20 are $275.2 million, an increase of $7.8 million compared to the 2018-19 forecast results. The planned expenses do not include unconditionally repayable contributions transfer payments, which are estimated to be $74.7 million: these are classified as assets.

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

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