2017‑18 Departmental Results Report - analysis of trends in spending and human resources

 

Actual Expenditures

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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:

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:

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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