Financial Statements For the year ended March 31, 2014
Notes to the Financial Statements (Unaudited)
3. Parliamentary authorities
The Agency receives most of its funding through annual parliamentary authorities. Items recognized in the Statement of Financial Position and the Statement of Operations and Agency Net 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. These differences are reconciled in the following tables:
| 2014 | 2013 Restated (note 13) |
|
|---|---|---|
| Net cost of operations before government funding and transfers | $619,395 | $571,856 |
| Adjustments for items affecting net cost of operations but not affecting authorities: | ||
| Amortization of tangible capital assets | (12,116) | (10,275) |
| Gain (loss) on disposal of tangible capital assets | 18 | (8) |
| Services provided without charge by other government departments | (23,481) | (24,598) |
| Decrease (increase) in vacation pay and compensatory leave | (427) | (897) |
| Decrease (increase) in employee future benefits | 3,687 | 19,405 |
| Refund/adjustment of previous year's expenditures | 5,135 | 4,657 |
| Bad debt expense | (241) | (1,121) |
| Decrease in Workforce adjustment measures | 3,426 | 31,102 |
| Statutory spending authority equivalent to revenues earned | 14,764 | 11,492 |
| Other | 175 | 1,091 |
| Total items affecting net cost of operations but not affecting authorities | 610,335 | 602,704 |
| Adjustments for items not affecting net cost of operations but affecting authorities: | ||
| Acquisitions of tangible capital assets | 11,198 | 16,867 |
| Increase (decrease) in prepaid expenses | (60) | 60 |
| Proceeds from disposal of Crown assets | 25 | 25 |
| Total items not affecting net cost of operations but affecting authorities | 11,163 | 16,952 |
| Current year authorities used | $621,498 | $619,656 |
| 2014 | 2013 | |
|---|---|---|
| Authorities provided: | ||
| Vote 45 - Operating expenditures | $375,400 | $ - |
| Vote 50 - Capital expenditures | 13,849 | - |
| Vote 55 - Grants and contributions | 208,048 | - |
| Vote 50 - Operating expenditures | - | 396,086 |
| Vote 55 - Capital expenditures | - | 19,501 |
| Vote 60 - Grants and contributions | - | 204,478 |
| Statutory amounts | 43,830 | 44,380 |
| 641,127 | 664,445 | |
| Less: | ||
| Authorities available for future years | (6) | (14) |
| Lapsed authorities | (19,623) | (44,775) |
| Current year authorities used | $621,498 | $619,656 |
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