ARCHIVED - Financial Statements For the year ended March 31, 2009

 

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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