ARCHIVED - Financial Statements For the year ended March 31, 2009
2008-2009 Financial Statements
Notes to the Financial Statement (unaudited)
3. Parliamentary appropriations
The agency receives most of its funding through annual Parliamentary appropriations. Items recognized in the statement of operations and the statement of financial position in one year may be funded through Parliamentary appropriations in prior, current or future years. Accordingly, the agency has different net cost 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 appropriations used: | ||
|---|---|---|
| (in dollars) | 2009 | 2008 |
| Net cost of operations | 602,694,834 | 606,572,999 |
| Adjustments for items affecting net cost of operations but not affecting appropriations: | ||
| Add (Less): | ||
| Amortization of tangible capital assets | (7,567,862) | (7,071,470) |
| Services provided without charge by other government departments | (21,625,884) | (17,668,202) |
| Revenues not available for spending | 189,540 | 470,859 |
| Refund/Adjustment of previous years expenses | 11,690,240 | 17,851,416 |
| Gain (loss) on disposal of tangible capital assets | 4,409 | 861 |
| Proceeds on disposal of tangible capital assets | (3,788) | (861) |
| Allowance for contingent liabilities | 0 | 350,000 |
| Vacation pay and compensatory leave | (845,857) | (499,122) |
| Decrease (increase) in severance benefits | (10,620,935) | (3,361,384) |
| Allowance for bad debt expense | 0 | (7,264) |
| Other non appropriated amounts | 36,189 | 46,429 |
| (28,743,947) | (9,888,738) | |
| Adjustments for items not affecting net cost of operations but affecting appropriations: | ||
| Add (Less): | ||
| Acquisitions of tangible capital assets | 8,921,768 | 10,182,479 |
| 8,921,768 | 10,182,479 | |
| Current year appropriations used | 582,872,655 | 606,866,740 |
| (b) Appropriations provided and used: | ||
| (in dollars) | 2009 | 2008 |
| Operating expenditures - Vote 40 | 402,555,216 | 457,409,339 |
| Grants and contributions - Vote 45 | 202,517,001 | 201,778,702 |
| Statutory amounts | 27,350,798 | 24,907,867 |
| 632,423,015 | 684,095,908 | |
| Less: | ||
| Lapsed appropriations | (49,550,360) | (77,229,168) |
| Current year appropriations used | 582,872,655 | 606,866,740 |
| (c) Reconciliation of net cash provided by government to current year appropriations used: | ||
| (in dollars) | 2009 | 2008 |
| Net cash provided by Government | 616,640,096 | 545,847,768 |
| Revenue not available for spending | 189,540 | 470,859 |
| Refund/adjustment of previous years expenses | 11,690,241 | 17,851,416 |
| Change in net position in the Consolidated Revenue Fund | ||
| Variation in accounts receivable and advances | 3,577,451 | (1,453,832) |
| Variation in accounts payables and accrued liabilities | (49,944,298) | 44,501,489 |
| Variation in other liabilities | 683,436 | (740,126) |
| Other adjustments | 36,189 | 389,166 |
| Change in net position in the Consolidated Revenue Fund | (45,647,222) | 42,696,697 |
| Current year appropriations used | 582,872,655 | 606,866,740 |
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