2017‑18 Departmental Results Report - analysis of trends in spending and human resources
[D]
Actual spending: 2015-16,2016-17; Forecast spending: 2017‑2018; Planned spending: 2018-19 to 2020-21. 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 re-invested by the Agency are made later in the fiscal cycle.
In 2017‑2018, the Agency’s spending was $27 million higher than that of the previous year, mainly due to the following changes in authorities:
- an increase of $24 million in top-up funding to promote and advance an innovative and knowledge-based economy in Atlantic Canada (Budget 2017);
- an increase of $2.4 million for the spruce budworm intervention program; and
- various other adjustments due to variations that occurred in the normal course of business.
From 2018-19 to 2020-21, the decrease in planned spending against actual spending is attributable mainly to the termination of top-up funding received in Budget 2017, the sunsetting of funding for the Canada 150 Infrastructure Program, and the excess amounts of collections related to the reinvestment of repayable contributions for which information was not available at the time of writing this report, as explained in the note under the above graph.
Budgetary performance summary for Programs and Internal Services (dollars)
| Programs and Internal Services |
2017‑18 Main Estimates |
2017‑18 Planned Spending |
2018-19 Planned Spending |
2019-20 Planned Spending |
2017‑18 Total Authorities Available for Use |
2017‑18 Actual Spending (authorities used) |
2016-17 Actual Spending (authorities used) |
2015-16 Actual Spending (authorities used) |
|---|---|---|---|---|---|---|---|---|
| Enterprise Development | 170,058,923 | 170,058,923 | N/A | N/A | 204,135,514 | 201,219,382 | 186,231,871 | 171,964,203 |
| Community Development | 104,552,144 | 104,552,144 | N/A | N/A | 117,037,409 | 117,229,594 | 106,813,633 | 91,402,846 |
| Policy, Advocacy and Coordination | 10,966,274 | 10,966,274 | N/A | N/A | 14,250,412 | 14,295,455 | 14,638,541 | 11,828,235 |
| Subtotal | 285,577,341 | 285,577,341 | N/A | N/A | 335,423,335 | 332,744,431 | 307,684,045 | 275,195,284 |
| Internal Services | 25,967,603 | 25,967,603 | N/A | N/A | 26,522,030 | 26,241,166 | 24,681,457 | 26,413,684 |
| Total | 311,544,944 | 311,544,944 | N/A | N/A | 361,945,365 | 358,985,597 | 332,365,502 | 301,608,968 |
For 2017‑2018, planned spending of $311.5 million increased by $50.4 million, resulting in total authorities available for use of $361.9 million. This was due to the following additional authorities received during the fiscal year:
- $24 million in top-up funding to promote and advance an innovative and knowledge-based economy in Atlantic Canada (Budget 2017);
- $16.6 million resulting from the collection of repayable contributions;
- $3.4 million related to compensation adjustments;
- $3.2 million due to an operating budget carry-forward from 2016‑17;
- $3.0 million in funds transferred from the Department of National Defence in support of a project; and
- $0.2 million transferred from various departments in support of a project with the Organisation for Economic Co-operation and Development.
From the 2017‑2018 total authorities of $361.9 million, actual spending was $359 million. This resulted in a surplus of $2.9 million. That amount was carried forward as part of the Agency’s operating budget.
Because of a change in reporting structure, the above table does not show planned spending figures for 2018-19 and 2019-20. Beginning in 2018-19, the Agency will be reporting under the structure of its new Departmental Results Framework, rather than under the Program Alignment Architecture.
Actual human resources
Human resources summary for Programs and Internal Services: (FTEs)
| Programs and Internal Services | 2015-16 Actual |
2016-17 Actual |
2017‑18 Planned |
2017‑18 Actual |
2018-19 Planned |
2019-20 Planned |
|---|---|---|---|---|---|---|
| Enterprise Development | 208 | 218 | 222 | 217 | 222 | 222 |
| Community Development | 102 | 102 | 101 | 94 | 101 | 101 |
| Policy, Advocacy and Coordination | 64 | 67 | 68 | 65 | 68 | 68 |
| Subtotal | 374 | 387 | 391 | 376 | 391 | 391 |
| Internal Services | 199 | 195 | 199 | 195 | 199 | 199 |
| Total | 573 | 582 | 590 | 571 | 590 | 590 |
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 programs.
Expenditures by vote
For information on ACOA’s organizational voted and statutory expenditures, consult the Public Accounts of Canada 2017-2018.
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, 2018, are available on the Agency’s website.
Financial statements highlights
Condensed Statement of Operations (unaudited) for the Year Ended March 31, 2018 (dollars)
| Financial Information | 2017‑18 Planned results |
2017‑18 Actual results |
2016‑17 Actual results |
Difference (2017‑18 actual minus 2017‑18 planned) |
Difference (2017‑18 actual minus 2016‑17 actual) |
|---|---|---|---|---|---|
| Total expenses | 259,132,291 | 268,184,518 | 250,534,548 | 9,052,227 | 17,649,970 |
| Total revenues | 18,392 | 0 | 22,472 | (18,392) | (22,472) |
| Net cost of operations before government funding and transfers | 259,113,899 | 268,184,518 | 250,512,076 | 9,070,619 | 17,672,442 |
Total Expenses:
Total expenses were $268.2 million in 2017‑2018, an increase of $17.7 million (6.6%) compared to the previous fiscal year.
This increase was mainly due to a budgetary increase of $24 million in top-up funding to promote and advance an innovative and knowledge-based economy in Atlantic Canada (Budget 2017) and a reduction of $9.5 million related to an accounting adjustment made every year for conditionally repayable contributions. When payments are made on conditionally repayable contributions, the amounts are captured as expenses until conditions for repayment are met, at which time the Agency reduces its expenses and increases its accounts receivable. During the 2017‑2018 fiscal year, the reduction to expenses was $9.5 million greater than during the 2016-17 fiscal year.
Of the total expenses of $268.2 million, $117.3 million (43.8%) was spent in the Community Development program, while $106.2 million (39.6%) was spent under the Enterprise Development program.
Condensed Statement of Financial Position (unaudited) as of March 31, 2018 (dollars)
| Financial information | 2017‑18 | 2016‑17 | Difference (2017‑18 minus 2016‑17) |
|---|---|---|---|
| Total net liabilities | 59,580,983 | 61,000,356 | (1,419,373) |
| Total net financial assets | 53,250,345 | 55,589,191 | (2,338,846) |
| Departmental net debt | 6,330,638 | 5,411,165 | 919,473 |
| Total non-financial assets | 1,552,836 | 1,062,216 | 490,620 |
| Departmental net financial position | (4,777,802) | (4,348,949) | (428,853) |
Total Net Liabilities:
Total net liabilities were $59.6 million at the end of the 2017‑2018 fiscal year, representing a decrease of $1.4 million (2.4%) from the previous fiscal year.
Total Net Financial Assets:
Total net financial assets equalled $53.3 million at the end of the 2017‑2018 fiscal year, a decrease of $2.3 million (4.4%) from the previous year. The assets consist primarily of the “Due from the Consolidated Revenue Fund” ($53 million), which is used to discharge the Agency’s liabilities.
Total Non-financial Assets:
Total non-financial assets were $1.6 million at the end of the 2017‑2018 fiscal year, an increase of $0.5 million (31.6%) from the previous fiscal year. The increase is mainly attributable to work in progress related to the Grants and Contributions Program Management System.
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