2018-2019 Departmental Results Report
Analysis of trends in spending and human resources
Actual spending: 2016-17, 2017-18, 2018-19. Planned spending: 2019-20, 2020-21, 2021-22.
Planned spending for 2020-21 and 2021-22 does not include excess amounts related to the collection of repayable contributions because decisions on the excess amount of collections that can be re-invested by the Agency are made later in the fiscal cycle.
In 2018-19, the Agency’s spending was $9 million less than in the previous year, mainly due to the following changes in authorities:
- an increase of $9.2 million in temporary funds announced in Budget 2018 in support of the Regional Economic Growth through Innovation (REGI) Program;
- an increase of $8.9 million in excess amounts of collections related to the reinvestment of repayable contributions;
- a decrease of $16.6 million related to the termination of funding for the Canada 150 Community Infrastructure Program;
- a decrease of $4.9 million related to the termination of funding announced in Budget 2014 for the Spruce Budworm Outbreak Intervention Program;
- a decrease of $1.9 million in temporary funding announced in Budget 2017 to promote and advance an innovative and knowledge-based economy in Atlantic Canada;
- a decrease of $1.8 million announced in Budget 2018 for a transfer to Natural Resources Canada on intervention measures to prevent the spread of spruce budworm in the forests of the Atlantic provinces; and
- various adjustments due to variations that occurred in the normal course of business.
From 2019-20 to 2021-22, the decrease in planned spending is attributable mainly to the amount transferred from the Department of National Defence in support of the Halifax International Security Forum, the sunsetting of support for specific projects in innovation, commercialization and community development in New Brunswick, and the exclusion of excess amounts of collections related to the reinvestment of repayable contributions, as explained in the note under the above graph.
Budgetary performance summary for Core Responsibility and Internal Services (dollars)
Core Responsibility and Internal Services |
2018–19 Main Estimates |
2018–19 Planned spending |
2019–20 Planned spending |
2020–21 Planned spending |
2018–19 Total authorities available for use |
2018–19 Actual spending (authorities used) |
2017–18 Actual spending (authorities used) |
2016–17 Actual spending (authorities used) |
---|---|---|---|---|---|---|---|---|
Economic development in Atlantic Canada |
300,441,040 | 300,441,040 | 289,063,006 | 267,187,006 | 341,646,917 | 323,354,426 | 332,744,431 | 307,684,045 |
Subtotal | 300,441,040 | 300,441,040 | 289,063,006 | 267,187,006 | 341,646,917 | 323,354,426 | 332,744,431 | 307,684,045 |
Internal Services | 26,917,122 | 26,917,122 | 26,553,941 | 26,501,876 | 27,297,945 | 26,243,126 | 26,241,166 | 24,681,457 |
Total | 327,358,162 | 327,358,162 | 315,616,947 | 293,688,882 | 368,944,862 | 349,597,552 | 358,985,597 | 332,365,502 |
For 2018-19, planned spending of $327.4 million increased by $41.5 million over the previous year, resulting in total authorities available for use of $368.9 million. This was due to the following additional authorities received during the fiscal year:
- $25.5 million resulting from the excess amounts of collections related to the reinvestment of repayable contributions;
- $9.2 million in temporary funds announced in Budget 2018 in support of REGI;
- $3.2 million due to an operating budget carry-forward from 2017-18;
- $3.1 million in funds transferred from the Department of National Defence in support of a project; and,
- $0.5 million related to compensation adjustments.
From the 2018-19 total authorities of $368.9 million, actual spending was $349.6 million. This resulted in a surplus of $19.3 million. Of that amount, $3.3 million was carried forward as part of the Agency’s operating budget; $12.5 million was reprofiled as a result of project/contracting delays; $1.8 million was transferred to Natural Resources Canada for intervention measures to prevent the spread of spruce budworm in the forests of the Atlantic provinces; and the remaining balance lapsed.
Actual human resources
Human resources summary for Core Responsibility and Internal Services (full-time equivalents, or FTEs)
Core Responsibility and Internal Services | 2016–17 Actual FTEs |
2017–18 Actual FTEs |
2018–19 Planned FTEs |
2018–19 Actual FTEs |
2019–20 Planned FTEs |
2020–21 Planned FTEs |
---|---|---|---|---|---|---|
Economic development in Atlantic Canada | 387 | 376 | 391 | 378 | 381 | 381 |
Subtotal | 387 | 376 | 391 | 378 | 381 | 381 |
Internal Services | 195 | 195 | 199 | 194 | 196 | 196 |
Total | 582 | 571 | 590 | 572 | 577 | 577 |
Human resource levels at ACOA remain stable. The minor fluctuations that occur reflect the realignment of human resources to support priorities and projects. The Agency will continue to achieve its results by allocating its human resources to best support its priorities and programs.
Expenditures by vote
For information on ACOA’s organizational voted and statutory expenditures, consult the Public Accounts of Canada 2018-2019.
Government of Canada spending and activities
Information on the alignment of ACOA’s spending with the Government of Canada’s spending and activities is available in the GC InfoBase.
Financial statements and financial statements highlights
Financial statements
ACOA’s financial statements (unaudited) for the year ended March 31, 2019, are available on the Agency’s website.
Financial statements highlights
Condensed Statement of Operations (unaudited) for the Year Ended March 31, 2019
(dollars)
Financial Information | 2018–19 Planned results |
2018–19 Actual results |
2017–18 Actual results |
Difference (2018–19 Actual results minus 2018–19 Planned results) |
Difference (2018–19 Actual results minus 2017–18 Actual results) |
---|---|---|---|---|---|
Total expenses | 276,387,024 | 256,386,179 | 268,184,518 | (20,000,845) | (11,798,339) |
Total revenues | 19,351 | 23,177 | 0 | 3,826 | 23,177 |
Net cost of operations before government funding and transfers |
276,367,673 | 256,363,002 | 268,184,518 | (20,004,671) | (11,821,516) |
Expenses:
Actual total expenses were $256.4 million in fiscal year 2018-19, a decrease of $11.8 million (4.4%) compared to the previous fiscal year.
The decrease was mainly due to a decision to defer some spending against the top-up funding to promote and advance an innovative and knowledge-based economy in Atlantic Canada (Budget 2017) to a future year as a result of project delays.
Of the total expenses of $256.4 million, $228 million (88.9%) was used to support economic development in Atlantic Canada while $28.4 million (11.1%) was expended for Internal Services.
Condensed Statement of Financial Position (unaudited) as of March 31, 2019 (dollars)
Financial information | 2018-19 | 2017-18 | Difference (2018–19 minus 2017–18) |
---|---|---|---|
Total net liabilities | 60,894,073 | 59,580,983 | 1,313,090 |
Total net financial assets | 55,472,270 | 53,250,345 | 2,221,925 |
Departmental net debt | 5,421,803.09 | 6,330,638 | (908,835) |
Total non-financial assets | 2,006,821.82 | 1,552,836 | 453,986 |
Departmental net financial position | (3,414,981.27) | (4,777,802) | 1,362,821 |
Liabilities:
Total net liabilities were $60.9 million at the end of the 2018-19 fiscal year, representing an increase of $1.3 million (2.2%) from fiscal year 2017-18. The liabilities primarily consist of “Accounts payable and accrued liabilities” ($55.2 million).
Assets:
Total net financial assets equalled $55.5 million at the end of the 2018-19 fiscal year, an increase of $2.2 million (4.2%) over the previous year’s total. The assets primarily consist of the “Due from the Consolidated Revenue Fund” ($55 million), which is used to discharge the Agency’s liabilities.
Total non-financial assets were $2.0 million at the end of the 2018-19 fiscal year, an increase of $0.5 million (29.2%) over the previous fiscal year’s total. The increase is mainly attributable to work in progress related to the Grants and contributions program management system.
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