Public Health Agency of Canada 2013–14 Report on Plans and Priorities

Section III – Supplementary Information

Financial Highlights

The future-oriented financial highlights presented in this RPP provide a general overview of the Agency's financial position and operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

($M)
Future-Oriented Condensed Statement of Operations and Agency Net Financial Position for the year ended March 31 $ Change Forecast 2013–14 Estimated Results 2012–13
Total Expenses 36.5 621.4 584.9
Total Revenues - 0.1 0.1
Net Cost of Operations Before Government Funding and Transfers 36.5 621.3 584.8
Agency Net Financial Position 10.8 102.8 92.0

The Agency is forecasting $621.4 million in expenses, a net increase of $36.5 million from 2012–13. The increase is primarily a result of the transfer from Health Canada of the Assessed Contribution to the PAHO and the International Health Grants Program, as well as accrual-based adjustments for severance benefits and work force adjustment costs.

($M)
Future-Oriented Condensed Statement of Financial Position for the year ended March 31 $ Change Forecast 2013–14 Estimated Results 2012–13
Total Net Liabilities (19.3) 90.3 109.6
Total Net Financial Assets (5.7) 67.1 72.8
Agency Net Debt (13.6) 23.2 36.8
Total Non-Financial Assets (2.8) 126.0 128.8
Agency Net Financial Position 10.8 102.8 92.0

The Agency is forecasting a net financial position of $102.8 million, an increase of $10.8 million from 2012–13. This is primarily due to decreases in liabilities related to severance benefits and work force adjustment.

Future-Oriented Financial Statements

Future-oriented financial statements (FOFS) can be found on the Agency's FOFS Web page.

List of Supplementary Information Tables

All Electronic supplementary information tables listed in the 2013-14 Report on Plans and Priorities can be found on the Agency's Web site.

  • Details on Transfer Payment Programs (TPPs);
  • Disclosure of TPPs under $5 million;
  • Greening Government Operations;
  • Horizontal Initiatives;
  • Upcoming Internal Audits and Evaluations over the next three fiscal years;
  • Sources of Respendable and Non-Respendable Revenue; and
  • Summary of Capital Spending by Program.

Tax Expenditures and Evaluations Report

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.

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