Supplementary Information - 2016–17 Report on Plans and Priorities - Treasury Board of Canada Secretariat
Section III: Supplementary Information
Future-Oriented Condensed Statement of Operations
The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the Secretariat's operations. The expense and revenue forecasts are prepared on an accrual accounting basis. As a result, the figures presented here will differ from the figures presented elsewhere in the report, which are prepared on an expenditure basis.
A more detailed Future-Oriented Statement of Operations with associated notes, including a reconciliation of the net cost of operations to the requested authorities, can be found on the Secretariat's website.
Future-Oriented Condensed Statement of Operations
For the Year Ended March 31 (dollars)
| Financial Information | 2015–16 Forecast Results |
2016–17 Planned Results |
Difference (2016–17 Planned Results minus 2015–16 Forecast Results) |
|---|---|---|---|
| Total expenses | 3,464,823,600 | 3,046,425,303 | (418,398,297) |
| Total net revenues | (13,276,138) | (11,848,562) | 1,427,576 |
| Net cost of operations before government funding and transfers | 3,451,547,462 | 3,034,576,741 | (416,970,721) |
Total expenses are forecasted to decrease by $418.4 million (12.1 per cent) in 2016–17. The decrease is mainly due to funding received in 2015–16 to help restore the Service Income Security Insurance Plan to a healthy financial position. Total net revenues are forecasted to decrease by $1.4 million (10.5 per cent) in 2016–17, mainly due to a decrease in recoveries related to the public service pension plan. As a result, the net cost of operations is forecasted to decrease by $417 million (12.1 per cent) in 2016–17 compared with 2015–16.
Total expenses include approximately $3.2 billion in 2015–16 and $2.8 billion in 2016–17 for public service employer payments. These funds are used for government-wide programs such as the employer's share of the Public Service Health Care Plan, the Public Service Dental Care Plan, other insurance and pension programs, as well as contributions to the public service pension plan and the Retirement Compensation Arrangement in respect of actuarial deficits.
The balance of the expenses relates to departmental expenses, including salary costs and payments for goods and services. Revenues of approximately $12 million to $13 million per year derive from the provision of internal support services to other departments and the recovery of costs related to pension administration services provided to the public service pension plan.
Supplementary Information Tables
The supplementary information tables listed in the 2016–17 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat's website.
Tax Expenditures and Evaluations
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 Canada 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 responsibility of the Minister of Finance.
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