Year-End Financial Statements
Fiscal Year 2020-2021  

Statement of Management Responsibility Including Internal Control Over Financial Reporting

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2021 and all information contained in these financial statements rests with the management of the Impact Assessment Agency of Canada (the Agency). These financial statements have been prepared by management using the Government of Canada’s accounting policies, which are based on Canadian public sector accounting standards.

Management is also responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management’s best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the Agency’s financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in the Agency’s Departmental Results Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the Agency and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of ICFR is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

The financial statements of the Agency have not been audited.

___________________________________________________
Terence Hubbard
Acting - President
September 3, 2021

___________________________________________________
Simon Brault
Vice-President, Corporate Services and Chief Financial Officer
September 3, 2021

Impact Assessment Agency of Canada
Statement of Financial Position (Unaudited)
As at March 31, 2021
(in dollars)
 

2021

2020

Liabilities

Accounts payable and accrued liabilities (Note 4)

6,315,248

9,357,103

Vacation pay and compensatory leave

3,878,856

2,657,842

Employee future benefits (Note 5)

1,489,316

1,481,320

Total liabilities

11,683,420

13,496,265

Financial assets

Due from the Consolidated Revenue Fund

5,440,230

8,156,517

Accounts receivable and advances (Note 6)

2,299,452

3,378,302

Total gross financial assets

7,739,682

11,534,819

Financial assets held on behalf of Government

Accounts receivable and advances (Note 6)

(763,098)

(776,402)

Total financial assets held on behalf of Government

(763,098)

(776,402)

Total net financial assets

6,976,584

10,758,417

Agency net debt

(4,706,836)

(2,737,849)

Non-financial assets

Tangible capital assets (Note 7)

740,623

503,320

Total non-financial assets

740,623

503,320

Agency net financial position

(3,966,213)

(2,234,529)

Contractual obligations (Note 8)

Contingent liabilities (Note 9)

The accompanying notes form an integral part of these financial statements.

___________________________________________________
Terence Hubbard
Acting - President
September 3, 2021

___________________________________________________
Simon Brault
Vice-President, Corporate Services and Chief Financial Officer
September 3, 2021

 

Impact Assessment Agency of Canada
Statement of Operations and Departmental Net Financial Position (Unaudited)
For the Year Ended March 31, 2021
(in dollars)
 

2021
Planned Results

2021

2020

Expenses

Environmental Assessment Delivery

46,238,904

44,632,600

40,733,935

Environmental Assessment Policy

14,667,626

31,522,292

21,957,156

Internal Services

24,644,518

10,741,533

11,589,690

Total expenses

85,551,048

86,896,425

74,280,781

Revenues

Environmental assessment and training services

3,100,000

1,934,272

2,268,489

Miscellaneous revenues

0

1,202,672

105,921

Total revenues

3,100,000

3,136,944

2,374,409

Net cost of operations before government funding and transfers

82,451,048

83,759,481

71,906,372

Government funding and transfers

Net cash provided by Government of Canada

76,483,395

77,192,202

61,382,155

Change in due from the Consolidated Revenue Fund

0

(2,716,287)

1,745,256

Services provided without charge by other government departments (Note 10)

5,900,759

7,551,881

6,449,360

Net cost of operations after government funding and transfers

66,894

1,731,685

2,329,601

Agency net financial position - Beginning of year

20,578,043

(2,234,529)

95,072

Agency net financial position - End of year

20,511,149

(3,966,214)

(2,234,529)

Segmented information (Note 11)

The accompanying notes form an integral part of these financial statements.

Impact Assessment Agency of Canada
Statement of Change in Departmental Net Debt (Unaudited)
For the Year Ended March 31, 2021
(in dollars)
 

2021
Planned Results

2021

2020

Net cost of operations after government funding and transfers

66,894

1,731,685

2,329,601

Change due to tangible capital assets

Acquisition of tangible capital assets (Note 7)

0

537,015

0

Amortization of tangible capital assets (Note 7)

0

(299,712)

(65,591)

Total change due to tangible capital assets

0

237,302

(65,591)

Net increase (decrease) in agency net debt

66,894

1,968,988

2,264,010

Agency net debt - Beginning of year

1,460,668

2,737,849

473,839

Agency net debt - End of year

1,527,562

4,706,837

2,737,849

The accompanying notes form an integral part of these financial statements.

Impact Assessment Agency of Canada
Statement of Cash Flows (Unaudited)
For the Year Ended March 31, 2021
(in dollars)
 

2021

2020

Operating activities

Net cost of operations before government funding and transfers

83,759,481

71,906,372

Non-cash items:

Amortization of tangible capital assets

(299,712)

(65,591)

Services provided without charge by other government departments (Note 10)

(7,551,881)

(6,449,360)

Other transfers of assets and liabilities (to)/ from other government departments

0

0

Variations in Statement of Financial Position:

Increase (decrease) in accounts receivable and advances

(1,065,546)

(148,359)

Decrease (increase) in accounts payable and accrued liabilities

3,041,855

(2,244,822)

Decrease (increase) in vacation pay and compensatory leave

(1,221,014)

(1,276,384)

Decrease (increase) in employee future benefits

(7,996)

(339,701)

Cash used by Operating Activities

76,655,187

61,382,155

Capital investing activities

Acquisition of tangible capital assets

537,015

0

Net cash provided by Government of Canada

77,192,202

61,382,155

The accompanying notes form an integral part of these financial statements.

Impact Assessment Agency of Canada
Notes to the Financial Statements (Unaudited)
For the Year Ended March 31, 2021

1. Authorities and objectives

The Impact Assessment Agency of Canada (the Agency) is a federal body reporting to the Minister of Environment and Climate Change. The Impact Assessment Act (IAA) came into force on August 28, 2019, expanding the Agency’s mandate and responsibilities as the single federal organization responsible for impact assessment and the Crown coordinator for Indigenous consultation on designated projects.

The Agency provides high-quality assessments of environmental, economic, social, health and gender effects to support government decision-making in the public interest. Assessments are evidence-based and ensure that positive and negative effects and impacts on Indigenous groups and their rights are considered in order to foster sustainability.

The Agency delivers four funding programs with the objective of supporting better informed decision making through the active participation of the public and Indigenous groups; effective engagement of the public and Indigenous peoples in the development of guidance, regulations and legislation; stronger evidence-based policy and guidance for impact assessments through an enhanced and more diverse knowledge base; and increased capacity of Indigenous communities to engage in and lead consultations.

In addition, the Agency’s President is the federal administrator responsible for reviewing projects of a federal nature under the environmental and social protection regimes set out in sections 22 and 23 of the 1975 James Bay and Northern Quebec Agreement.

The Agency’s activities are carried out under two different programs: Impact Assessment and Internal Services.

The Agency is responsible for delivering high quality environmental and impact assessments based on science, Indigenous knowledge, and other evidence. This includes conducting assessments and supporting assessments led by review panels, ensuring they are informed by the best available evidence, and promote positive effects while minimizing adverse impacts through mitigation measures. Evidence includes economic, environmental, social, health, Indigenous knowledge, gender-based analysis plus (GBA+), and/or cumulative effects, as appropriate.

To support the delivery of these assessments and provide certainty and clarity to proponents, other jurisdictions, Indigenous peoples and the public, the Agency develops and promotes legislative and policy frameworks, tools, guidance, and best practices.

Internal Services comprises related activities and resources to support the needs of programs and other corporate obligations of the Agency. These include: Management and Oversight Services, Communications Services, Legal Services, Human Resources Management Services, Financial Management Services, Information Management Services, Information Technology Services, the Access to Information and Privacy Office, Real Property Services, Materiel Management Services, Acquisition Services, and Travel and Other Administrative Services. Internal Services includes activities and resources that apply across an organization, not those provided specifically to a program.

2. Summary of significant accounting policies

These financial statements are prepared using the Agency’s accounting policies stated below, which are based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

  1. Parliamentary authorities
    The Agency is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to the Agency does not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. Note 3 provides a reconciliation between the bases of reporting. The planned results amounts in the “Expenses” and “Revenues” sections of the Statement of Operations and Departmental Net Financial Position are the amounts reported in the Future-oriented Statement of Operations included in the 2020-2021 Departmental Plan. The planned results amounts in the “Government funding and transfers” section of the Statement of Operations and Departmental Net Financial Position and in the Statement of Change in Departmental Net Debt were prepared for internal management purposes and have not been previously published.
  2. Net cash provided by Government
    The Agency operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by the Department is deposited to the CRF, and all cash disbursements made by the Agency are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.
  3. Amounts due from or to the CRF
    Amounts due from or to the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that the Agency is entitled to draw from the CRF without further authorities to discharge its liabilities.
  4. Revenues
    Revenues from regulatory fees are recognized based on the services provided in the year. Funds received from external parties for specified purposes are recorded upon receipt as deferred revenue. Revenues are then recognized in the period in which the related expenses are incurred. Deferred revenue consists of amounts received in advance of the delivery of goods and rendering of services that will be recognized as revenue in a subsequent fiscal year as it is earned. Other revenues are recognized in the period the event giving rise to the revenues occurred. Revenues that are non-respendable are not available to discharge the Department’s liabilities. While the DH is expected to maintain accounting control, he or she has no authority regarding the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented as a reduction of the entity’s gross revenues.
  5. Expenses
    Transfer payments are recorded as an expense in the year the transfer is authorized and all eligibility criteria have been met by the recipient. Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment. Services provided without charge by other government departments for accommodation, employer contributions to the health and dental insurance plans, legal services and workers’ compensation are recorded as operating expenses at their carrying value.
  6. Employee future benefits
    1. Pension Benefits - Eligible employees participate in the Public Service Pension Plan, a multiemployer pension plan administered by the Government. The Department’s contributions to the Plan are charged to expenses in the year incurred and represent the total departmental obligation to the Plan. The Agency’s responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan’s sponsor.
    2. Severance benefits - The accumulation of severance benefits for voluntary departures ceased for applicable employee groups. The remaining obligation for employees who did not withdraw benefits is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.
  7. Accounts receivable
    Accounts receivable are initially recorded at cost. When necessary, an allowance for valuation is recorded to reduce the carrying value of accounts receivable to amounts that approximate their net recoverable value.
  8. Non-financial assets
    The costs of acquiring land, buildings, equipment and other capital property are capitalized as tangible capital assets and, except for land, are amortized to expense over the estimated useful lives of the assets, as described in Note 7. All tangible capital assets and leasehold improvements having an initial cost of $10,000 or more are recorded at their acquisition cost. Tangible capital assets do not include immovable assets located on reserves as defined in the Indian Act, works of art, museum collection and Crown land to which no acquisition cost is attributable; and intangible assets.
    Inventories are valued at cost and are comprised of spare parts and supplies held for future program delivery and are not primarily intended for resale. Inventories that no longer have service potential are valued at the lower of cost or net realizable value.
  9. Contingent liabilities
    Contingent liabilities, including the allowance for guarantees, are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. If the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, a provision is accrued and an expense recorded to other expenses. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.
    For guarantees, an allowance is recorded when it is determined that a loss is likely and the amount of the allowance is estimated taking into consideration the nature of the guarantee, loss experience and current conditions. The allowance is reviewed on an ongoing basis and changes in the allowance are recorded as expenses in the year they become known.
  10. Measurement uncertainty
    The preparation of these financial statements requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets, liabilities, revenues and expenses reported in the financial statements and accompanying notes at March 31. The estimates are based on facts and circumstances, historical experience, general economic conditions and reflect the Government’s best estimate of the related amount at the end of the reporting period. The most significant items where estimates are used are contingent liabilities, environmental liabilities, the liability for employee future benefits and the useful life of tangible capital assets (list as applicable). Actual results could significantly differ from those estimated. Management’s estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

3. Parliamentary authorities

The Agency receives most of its funding through annual parliamentary authorities. Items recognized in the Statement of Operations and the Departmental Net Financial Position and the Statement of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the Agency has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

a) Reconciliation of net cost of operations to current year authorities used:

 

2021

2020

(in dollars)

Net cost of operations before government funding and transfers

83,759,481

71,906,372

Adjustments for items affecting net cost of operations but not affecting authorities:

Services provided without charge by other government departments

(7,551,881)

(6,449,360)

Amortization of tangible capital assets

(299,712)

(65,591)

Revenues not available for respending

602,779

(431,335)

Refund of prior year’s expenditures

127,624

102,896

Adjustments for prior year’s Payables at Year End

937,193

0

Decrease (Increase) for vacation pay and compensatory leave

(1,221,014)

(1,276,384)

Decrease (Increase) for employee future benefits

(7,996)

(339,701)

Other transfers of assets and liabilities (to)/ from other government departments

0

0

Acquisition of tangible capital assets

537,015

0

Current year authorities used

76,883,489

63,446,897

(b) Authorities provided and used

 

2021

2020

(in dollars)

Authorities provided

Vote 1 – Operating expenditures

55,280,759

53,850,300

Vote 5 - Grants and contributions

18,939,140

14,525,184

Statutory amounts

6,241,080

6,252,935

Less:

Lapsed: Operating

(3,577,490)

(11,181,522)

Current year authorities used

76,883,489

63,446,897

4. Accounts payable and accrued liabilities

The following table presents details of the Agency’s Accounts payable and accrued liabilities:

 

2021

2020

(in dollars)

Accounts payable - Other government departments and agencies

1,088,970

2,011,982

Accounts payable - External parties

2,919,920

3,661,560

Total accounts payable

4,008,890

5,673,542

Accrued liabilities

2,306,358

3,683,561

Total accounts payable and accrued liabilities

6,315,248

9,357,103

5. Employee future benefits

a) Pension benefits

The Agency’s employees participate in the Public Service Pension Plan (the "Plan") which is sponsored and administered by the Government. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Québec Pension Plans benefits and they are indexed to inflation.

Both the employees and the Agency contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013. Each group has a distinct contribution rate.

The 2020–2021 expense amounts to $4,258,913 ($4,332,034 in 2019–2020). For Group 1 members, the expense represents approximately 1.01 times (1.01 times in 2019–2020) the employee contributions, and for Group 2 members, approximately 1.00 (1.00 times in 2019-2020) the employee contributions.

The Agency’s responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan’s sponsor.

b) Severance benefits

Severance benefits provided to the Agency’s employees were previously based on an employee’s eligibility, years of service and salary at termination of employment. However, since 2011 the accumulation of severance benefits for voluntary departures progressively ceased for substantially all employees. Employees subject to these changes were given the option to be paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits upon departure from the public service. By March 31, 2020, all settlements for immediate cash out were completed. Severance benefits are unfunded and, consequently, the outstanding obligation will be paid from future authorities.

The changes in the obligations during the year were as follows:

 

2021

2020

(in dollars)

Accrued benefit obligation, beginning of year

1,481,320

1,141,619

Expense (Adjustment) for the year

260,587

351,233

Benefits paid during the year

(252,591)

(11,531)

Accrued benefit obligation, end of year

1,489,316

1,481,320

6. Accounts receivable and advances

The following table presents details of the Agency’s accounts receivable and advances balances:

 

2021

2020

(in dollars)

Receivables - Other government departments and agencies

122,348

432,460

Receivables - External parties

4,248,962

3,797,342

Employee advances

27,119

47,163

Sub-Total

4,398,429

4,276,965

Allowance for doubtful accounts on receivables from external parties

(2,098,977)

(898,663)

Gross accounts receivable

2,299,452

3,378,302

Accounts receivable held on behalf of Government

(763,098)

(776,402)

Total accounts receivable and advances

1,536,354

2,601,900

7. Tangible Capital Assets

Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:

Asset Class

Amortization Period

Other equipment (including furniture)

10 years

Informatics software

4 years

Machinery and equipment

3 years

Assets under construction are recorded in the applicable asset class in the year they are put into service and are not amortized until they are put into service.

Cost
Capital Asset Class

Opening Balance

Acquisitions

Adjustments

Disposals and Write-offs

Closing Balance

(in dollars)

Machinery and Equipment

385,428

0

0

0

385,428

Other equipment (including furniture)

32,248

0

0

0

32,248

Informatics software

52,200

537,015

399,470

0

988,685

Assets under construction

399,470

0

- 399,470

0

0

Total

869,346

537,015

0

0

1,406,361

Accumulated Amortization

Capital Asset Class

Opening Balance

Amortization

Adjustments

Disposals and Write-offs

Closing Balance

(in dollars)

Machinery and Equipment

281,578

65,591

0

0

347,169

Other equipment (including furniture)

32,248

0

0

0

32,248

Informatics software

52,200

234,121

0

0

286,321

Assets under construction

0

0

0

0

0

Total

366,026

299,712

0

0

665,738

Net Book Value
Capital Asset Class

2021

2020

(in dollars)

Machinery and Equipment

38,259

103,850

Other equipment (including furniture)

0

0

Informatics software

702,364

0

Assets under construction

0

399,470

Total

740,623

503,320

8. Contractual obligations

The nature of the Agency’s activities may result in some large multi-year contracts and obligations whereby the Agency will be obligated to make future payments in order to carry out its transfer payment programs or when the services/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:

 

2022

2023

2024

2025

2026 and subsequent

Total

(in dollars)

Transfer payments

16,695,057

5,753,519

139,672

3,350,000

0

25,938,248

Professional services

5,026,727

123,967

0

0

0

5,150,694

Operating leases

0

0

0

0

0

0

Total

21,721,784

5,877,486

139,672

3,350,000

0

31,088,942

9. Contingent liabilities

a) Transfer payments

The Agency expects to meet all near-term liabilities relating to transfer payments. However, a change in economic conditions could result in the resumption of several environmental assessments currently on hold as well as new assessments which could increase the demand for transfer payments. The Agency would request support from the Government of Canada through Central agencies to cover any potential funding shortfall.

b) Claims and litigation

Claims have been made against the Agency in the normal course of operations. These claims include items with pleading amounts and other for which no amount is specified. While the total amount claimed in these actions is significant, their outcomes are not determinable.

10. Related party transactions

The Agency is related as a result of common ownership to all government departments, agencies, and Crown corporations. Related parties also include individuals who are members of key management personnel or close family members of those individuals, and entities controlled by, or under shared control of, a member of key management personnel or a close family member of that individual.

The Agency enters into transactions with these entities in the normal course of business and on normal trade terms.

The Agency also obtains selected financial services, materiel management, informatics, and compensation and benefits services under a shared services agreement with Environment and Climate Change Canada.

a) Common services provided without charge by other government departments

During the year, the Agency received services without charge from certain common service organizations, related to accommodation, legal services, the employer’s contribution to the health and dental insurance plans. These services without charge have been recorded at the carrying value in the Agency’s Statement of Operations and Departmental Net Financial Position as follows:

 

 

2021 2020
(in dollars)

Employer’s contribution to the health and dental insurance plans

3,845,260

3,506,962

Accommodation

2,909,401

2,200,997

Legal services

797,220

741,401

Total

7,551,881

6,449,360

The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Services and Procurement Canada and audit services provided by the Office of the Auditor General are not included in the Agency’s Statement of Operations and Departmental Net Financial Position.

b) Other transactions with other government departments and agencies

  2021 2020
(in dollars)

Accounts receivable

122,348

432,460

Accounts payable

1,088,970

2,011,982

Expenses

5,943,003

8,043,286

Revenues

0

0

Expenses and revenues disclosed in (b) exclude common services provided without charge, which are already disclosed in (a).

11. Segmented information

Presentation by segment is based on the Department’s core responsibility. The presentation by segment is based on the same accounting policies as described in the Summary of significant accounting policies in note 2. The following table presents the expenses incurred and revenues generated for the main core responsibilities, by major object of expense and by major type of revenue. The segment results for the period are as follows:

  Environmental
Assessment
Delivery
Environmental
Assessment
Policy
Internal Services

2021
Total

2020
Total

(in dollars)

Transfer payments

Aboriginal Groups

0

17,063,645

0

17,063,645

6,491,763

Unknown

-

474,374

-

474,374

-

Non-profit organizations

0

604,858

0

604,858

601,169

Other levels of government

0

295,500

0

295,500

295,500

Total transfer payments

0

18,438,377

0

18,438,377

7,388,431

Operating Expenses

Salaries and employee benefits

36,272,841

12,358,136

6,674,165

55,305,142

49,639,805

Professional and special services

4,517,750

652,627

2,497,197

7,667,574

10,364,524

Accommodation

3,098,318

17,623

467,268

3,583,209

2,809,281

Travel and relocation

34,972

15,664

859

51,495

1,755,450

Information

321,316

0

49,020

370,336

698,520

Furniture and equipment

158,484

4,402

379,333

542,219

982,834

Telecommunications

161,142

1,450

59,229

221,821

311,991

Acquisition of machinery and equipment, including parts and consumable tools

0

0

0

0

0

Utilities, materials and supplies

55,091

28,058

50,819

133,968

209,907

Postage

3,244

347

13,352

16,943

43,426

Repairs and maintenance

4,160

4,205

564

8,929

8,657

Amortization

0

0

299,712

299,712

65,591

Other

5,282

1,403

250,015

256,700

2,365

Total operating expenses

44,632,600

13,083,915

10,741,533

68,458,048

66,892,350

Total expenses

44,632,600

31,522,292

10,741,533

86,896,425

74,280,781

Revenues

Environmental assessment and training services

1,928,989

0

5,283

1,934,272

2,268,489

Miscellaneous revenues

469,354

258,488

474,830

1,202,672

105,921

Total revenues

2,398,343

258,488

480,113

3,136,944

2,374,409

Net cost of operations before government funding and transfers

42,234,257

31,263,804

10,261,420

83,759,481

71,906,372

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