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Table 11: Financial Statements of Departments and Agencies (including Agents of Parliament)

Statement of Management Responsibility for Financial Statements

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2008, and all information contained in these statements rests with the management of the Treasury Board of Canada Secretariat (the Secretariat). These financial statements have been prepared by management in accordance with Treasury Board accounting policies, which are consistent with Canadian generally accepted accounting principles for the public sector.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of the Secretariat's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada and included in the Secretariat's Departmental Performance Report is consistent with these financial statements.

Management maintains a system of financial management and internal control designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded, and that transactions are in accordance with the Financial Administration Act, are executed in accordance with prescribed regulations, within parliamentary authorities, and are properly recorded to maintain accountability of government funds. Management also seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training, and development of qualified staff, through organizational arrangements that provide appropriate divisions of responsibility, and through communications programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout the Secretariat.

The system of internal control is augmented by Internal Audit, which conducts periodic audits and reviews of different areas of the Secretariat's operations. In addition, the Chief Audit Executive has free access to the Audit Committee, which oversees management's responsibilities for maintaining adequate control systems and the quality of financial reporting, and which recommends the financial statements to the Secretary of the Treasury Board.

The financial statements of the Secretariat have not been audited.

Treasury Board of Canada Secretariat
Statement of Operations (Unaudited)
For the year ended March 31
($ thousands)

	2008	2007
EXPENSES (Note 4)
Expenditure Management and Financial Oversight	1,717,904	1,562,186
Management Policy Development and Oversight	149,498	147,699
Revitalization of Toronto Waterfront	―	35,048
TOTAL EXPENSES	1,867,402	1,744,933
REVENUES (Note 5)
Expenditure Management and Financial Oversight	11,493	11,347
Management Policy Development and Oversight	3,511	3,321
TOTAL REVENUES	15,004	14,668
NET COST OF OPERATIONS	1,852,398	1,730,265

The accompanying notes form an integral part of these financial statements.

Treasury Board of Canada Secretariat
Statement of Financial Position (Unaudited)
At March 31
($ thousands)

	2008	2007
ASSETS
Financial assets
Accounts receivable and advances (Note 6)	103,184	184,124
Non-financial assets
Prepaid expenses	36	-
Tangible capital assets (Note 7)	11,800	4,020
TOTAL ASSETS	115,020	188,144
LIABILITIES
Accounts payable and accrued liabilities (Note 8)	441,505	598,190
Vacation pay and compensatory leave	6,077	5,204
Employee severance benefits (Note 9)	23,703	20,531
TOTAL LIABILITIES	471,285	623,925
EQUITY OF CANADA	(356,265)	(435,781)
TOTAL LIABILITIES AND EQUITY	115,020	188,144

Contingent liabilities (Note 10)
Contractual obligations (Note 11)

The accompanying notes form an integral part of these financial statements.

Treasury Board of Canada Secretariat
Statement of Equity of Canada(Unaudited)
For the year ended March 31
($ thousands)

	2008	2007
Equity of Canada, beginning of year	(435,781)	(211,410)
Net cost of operations	(1,852,398)	(1,730,265)
Current year appropriations used (Note 3)	1,856,598	1,744,413
Revenue not available for spending	(12,325)	(26,163)
Change in net position in the Consolidated Revenue Fund (Note 3)	72,723	(224,906)
Services provided without charge from other government departments (Note 12)	14,918	12,550
Equity of Canada, end of year	(356,265)	(435,781)

The accompanying notes form an integral part of these financial statements.

Treasury Board of Canada Secretariat
Statement of Cash Flow (Unaudited)
For the year ended March 31
($ thousands)

	2008	2007
Operating activities
Net cost of operations	1,852,398	1,730,265
Non-cash items:
Amortization of tangible capital assets	(160)	(344)
Gain on disposal of tangible capital asset	8	10
Services provided without charge from other government departments	(14,918)	(12,550)
Variations in Statement of Financial Position:
(Decrease) in accounts receivable and advances	(80,940)	(10,612)
Increase in prepaid expenses	36	―
Decrease (increase) in accounts payable and accrued liabilities	156,685	(212,957)
(Increase) in vacation pay and compensatory leave	(873)	(887)
(Increase) in employee severance benefits	(3,172)	(3,286)
Cash used by operating activities	1,909,064	1,489,639
Capital investment activities
Acquisition of tangible capital assets	11,724	3,893
Transfer-in of tangible capital assets	―	26
Proceeds from disposition of tangible capital assets	(3,792)	(214)
Cash used by capital investment activities	7,932	3,705
Financing activities
Net cash provided by the Government of Canada	(1,916,996)	(1,493,344)

The accompanying notes form an integral part of these financial statements.

Treasury Board of Canada Secretariat
Notes to the Financial Statements (Unaudited)
For the year ended March 31

1. Authority and Objectives

Under the broad authority of sections 5 to 13 of the Financial Administration Act, the Secretariat supports the Treasury Board as a committee of ministers in its role as the general manager and employer of the core public administration. It is headed by a secretary, who reports to the president of the Treasury Board.

The mission of the Secretariat is to ensure that the rigorous stewardship of public resources achieves results for Canadians.

The core business of the Secretariat is currently organized into the following key areas of program activity:

a) Expenditure Management and Financial Oversight

This program activity provides advice on financial, expenditure, and project authorities, and resource allocation.

b) Management Policy Development and Oversight

This program activity establishes and monitors clear standards and expectations for federal public sector management.

c) Revitalization of Toronto Waterfront

The Toronto Waterfront Revitalization Initiative (TWRI) is both an infrastructure and urban renewal investment. The purpose of the TWRI is to revitalize the Toronto waterfront through investments in both traditional city-building infrastructure, such as local transportation and sewers, and more contemporary urban development, including parks, green spaces, tourism-related facilities, and the redevelopment of underutilized post-industrial areas.

This initiative was transferred to Environment Canada for the 2007-08 fiscal year.

2. Summary of Significant Accounting Policies

The financial statements have been prepared in accordance with Treasury Board accounting policies, which are consistent with Canadian generally accepted accounting principles for the public sector.

Significant accounting policies are as follows:

a) Parliamentary appropriations

The Secretariat is financed by the Government of Canada through parliamentary appropriations. Appropriations provided to the Secretariat do not parallel financial reporting according to generally accepted accounting principles because appropriations are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and the Statement of Financial Position are not necessarily the same as those provided through appropriations from Parliament. Note 3 to these financial statements provides a high-level reconciliation between the bases of reporting.

b) Net cash provided by the Government of Canada

The Secretariat operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by the Secretariat is deposited to the CRF and all cash disbursements made by the Secretariat are paid from the CRF. The net cash provided by the Government of Canada is the difference between all cash receipts and all cash disbursements, including transactions between departments and agencies of the federal government.

c) Change in net position in the Consolidated Revenue Fund

The change in net position in the CRF is the difference between net cash provided by the government and appropriations used in a year, excluding the amount of non-respendable revenue recorded by the Secretariat. It results from timing differences between when a transaction affects appropriations and when it is processed through the CRF.

d) Revenues

Revenues are accounted for in the period in which the underlying transaction or event that gave rise to the revenues took place.

e) Expenses

Expenses are recorded on the accrual basis:

• Contributions are recognized in the year in which the recipient has met the eligibility criteria or fulfilled the terms of a contractual transfer agreement.
• Vacation pay and compensatory leave are expensed as the benefits accrue to employees under their respective terms of employment.
• Services provided without charge by other government departments for accommodation and legal services are recorded as operating expenses at their estimated cost.

f) Government-wide employee benefits

Eligible public service employees participate in the Public Service Pension Plan sponsored by the Government of Canada. Contributions to the Plan for all departments and agencies, including additional contributions in respect of any actuarial deficiencies, are funded by the Secretariat as centrally managed funds, and they are expensed in the year incurred. The Secretariat recovers a portion of the pension contributions from other departments and agencies.

The Government of Canada also sponsors a variety of other benefit plans that the Secretariat is responsible for administering and/or funding through its centrally managed funds. These benefits are recognized to expenses when they become due. A portion of these benefits is also recovered from other departments and agencies.

For the pension benefits and other future employee benefits covered by these plans, actuarially determined liabilities and related disclosure are presented in the financial statements of the Government of Canada, the ultimate sponsor of these benefits. As administrator of the centrally managed funds, the Secretariat expenses these benefits or contributions as they become due and records no accruals for future benefits. This accounting treatment corresponds to the funding provided to the department through parliamentary appropriations.

g) Departmental employee future benefits

Pension benefits:Eligible employees of the Secretariat participate in the Public Service Pension Plan. The Secretariat's share of contributions pertaining to the current service cost of its employees is allocated to the expenses of the program activities of Expenditure Management and Financial Oversight and Management Policy Development and Oversight in the year incurred.

Severance benefits: Employees are entitled to severance benefits, as provided for under labour contracts or conditions of employment. These benefits are accrued as employees render the services necessary to earn them. The obligation relating to the benefits earned by employees of the Secretariat is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government of Canada as a whole.

h) Accounts receivable and advances

Accounts receivable and advances are stated at the amount expected to be ultimately realized. No allowance for doubtful accounts has been recorded and no deletions have been made.

i) Contingent liabilities

Contingent liabilities are potential liabilities that may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.

j) Tangible capital assets

All tangible capital assets and leasehold improvements having an initial cost of $10,000 or more are recorded at their acquisition cost. The Secretariat does not capitalize intangibles, works of art, and historical treasures that have cultural, aesthetic, or historical value.

Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:

Asset class	Amortization period
Machinery and equipment	3 to 5 years
Motor vehicles	3 years
Leasehold improvements	Term of lease
Assets under construction	Once in service, in accordance with asset class

k) Measurement uncertainty

The preparation of these financial statements in accordance with Treasury Board accounting policies, which are consistent with Canadian generally accepted accounting principles for the public sector, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable.

The most significant items where estimates are used are contingent liabilities, the liability for employee severance benefits, and the useful life of tangible capital assets. Actual results could differ significantly from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

3. Parliamentary Appropriations

The Secretariat 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 a prior, current, or future year. Accordingly, the Secretariat has different net results of operations for the year on a government funding basis than on an accrual basis. The differences are reconciled in the following tables:

a) Reconciliation of net cost of operations to current year appropriations used:
($ thousands)

	2008	2007
Net cost of operations	1,852,398	1,730,265
Adjustments for items affecting net cost of operations but not affecting appropriations: Add (Less):
Services provided without charge from other government departments	(14,918)	(12,550)
Revenue not available for spending	12,325	26,163
(Increase) in vacation pay and compensatory leave	(873)	(887)
(Increase) in employee severance benefits	(3,172)	(3,286)
Amortization of tangible capital assets	(160)	(344)
Other	2,091	1,068
Total	(4,707)	10,164
Adjustments for items not affecting net cost of operations but affecting appropriations: Add:
Acquisitions of tangible capital assets	7,942	3,893
Advances	965	91
Total	8,907	3,984
Current-year appropriations used	1,856,598	1,744,413

b) Appropriations provided and used
($ thousands)

	2008	2007
Voted authorities:
Vote 1―Program expenditures	191,012	77,739
Vote 2―Contributions	422	114,993
Vote 5―Government contingencies	750,000	594,031
Vote 10―Government-wide initiatives	2,044	3,503
Vote 20―Public service insurance	1,827,798	1,666,846
Vote 22a―Operating budget carry forward	218,264	―
Vote 23a―Paylist requirements	25,358	―
Total	3,014,898	2,557,112
Statutory authorities:
President of the Treasury Board―salary and motor car allowance	75	73
Contributions to employee benefit plans	17,632	14,689
Payments under the Public Service Pension Adjustment Act	4	15
Payments for the pay equity settlement pursuant to section 30 of the Crown Liability and Proceedings Act	197	1,584
Unallocated employer contributions made under the Public Service Superannuation Act and other retirement acts, and the Employment Insurance Act	9,098	10,557
Spending of proceeds from the disposal of surplus Crown assets	20	17
Court awards	5	―
Total	27,031	26,935
Lapsed authorities:
Vote 1―Program expenditures	(14,531)	(20,775)
Vote 2―Contributions	(100)	(80,293)
Vote 5―Government contingencies	(750,000)	(594,031)
Vote 10-Government-wide initiatives	(2,044)	(3,503)
Vote 20―Public service insurance	(175,014)	(141,015)
Vote 22a―Operating budget carry forward	(218,264)	―
Vote 23a―Paylist requirements	(25,358)	―
Spending of proceeds from the disposal of surplus Crown assets	(20)	(17)
Total	(1,185,331)	(839,634)
Current-year appropriations used	1,856,598	1,744,413

c) Reconciliation of net cash provided by government to current-year appropriations used
($ thousands)

	2008	2007
Net cash provided by the Government of Canada	1,916,996	1,493,344
Revenue not available for spending	12,325	26,163
Change in net position in the Consolidated Revenue Fund:
Decrease in accounts receivable and advances	80,940	10,612
(Increase) in prepaid expenses	(36)	―
(Decrease) Increase in accounts payable and accrued liabilities	(156,685)	212,957
Increase in vacation pay and compensatory leave	873	887
Other	2,185	450
Total	(72,723)	224,906
Current-year appropriations used	1,856,598	1,744,413

4. Expenses

a) The following table presents details of expenses by category:
($ thousands)

	2008	2007
Transfer payments	322	34,700
Operating expenses:
Centrally managed funds (Note 4b)	1,660,795	1,523,483
Departmental salary and employee benefits	138,056	119,339
Professional and special services	41,057	43,258
Accommodation	11,455	9,211
Transportation and telecommunications	5,011	5,002
Machinery and equipment, including parts and consumable tools	3,479	3,470
Repairs and maintenance	3,308	1,639
Utilities, materiel, and supplies	1,138	1,478
Information	843	1,481
Rentals	758	895
Amortization	160	344
Other	1,020	633
Total operating expenses	1,867,080	1,710,233
Total Expenses	1,867,402	1,744,933

b) Centrally managed funds

The Government of Canada sponsors defined benefit pension plans covering most of its employees. The Secretariat funds the employer's contributions to the Public Service Pension Plan and Retirement Compensation Arrangement, including additional contributions in respect of actuarial deficiencies.

The Secretariat also funds payments to or in respect of:

• the employer's share of contributions to the Public Service Death Benefit Account;
• the employer's share of Canada/Quebec Pension Plan contributions and Employment Insurance premiums;
• the employer's share of health, disability, and life insurance premiums and related Quebec sales tax;
• claims and related costs under the Public Service Dental Care Plan and the Pensioners' Dental Services Plan;
• provincial payroll taxes;
• pension, benefit, and insurance plans for employees engaged locally outside Canada by Canadian missions abroad; and
• returns to certain employees of their share of the Employment Insurance premium reduction.

Generally, Public Service Pension Plan contributions, Public Service Death Benefit Account contributions, Canada/Quebec Pension Plan contributions, and Employment Insurance premiums are recovered from all departments, agencies, and revolving funds pro-rata, based on salaries and wages incurred. Contributions to health care plans are recovered from certain departments and agencies, and all revolving funds based on 7.0 per cent (7.5 per cent in 2007) of salaries and wages incurred.

A breakdown by major category is as follows:
($ thousands)

	2008	2007
Expenses
Public Service Pension Plan and Retirement Compensation Arrangement contributions	2,221,119	2,121,017
Public Service Pension Plan and Retirement Compensation Arrangement contributions in respect of actuarial deficits	9,500	9,500
Public Service Death Benefit Account contributions	9,924	9,668
Canada/Quebec Pension Plan contributions	542,989	514,423
Employment Insurance premiums	236,422	237,552
Employment Insurance premium reduction	1,291	1,214
Quebec Parental Insurance Plan premiums	23,575	22,194
Public Service Health Care Plan premiums	720,545	549,845
Public Service Dental Care Plan claims	229,227	207,833
Pensioners' Dental Services Plan claims	101,544	94,562
Provincial health insurance plan premiums	36,916	36,511
Provincial payroll taxes	434,840	419,201
Group disability and life insurance premiums	338,139	313,791
Pension and other government employee benefits in respect of locally engaged staff employed in Canadian missions abroad	42,373	43,904
Pension and similar payments to former government employees	362	338
Miscellaneous special payments, e.g. court awards	197	1,584
Operating expenses	3,499	1,428
Total Expenses	4,952,462	4,584,565
Recoveries
Employer's contributions to government employee benefit plans recovered from government departments and agencies	3,010,850	2,881,603
Employer's contributions to government employee insurance plans recovered from government departments and agencies	121,060	138,051
Employees' contributions to Public Service Health Care Plan recovered from government departments and other organizations	114,582	―
Pensioners' contributions to the Pensioners' Dental Services Plan	45,175	41,428
Total Recoveries	3,291,667	3,061,082
Net Expenses	1,660,795	1,523,483

5. Revenues

The following table presents details of revenues by category:
($ thousands)

	2008	2007
Parking fees	11,466	11,325
Recovery of pension administration costs	3,277	3,313
Other	261	30
Total Revenues	15,004	14,668

 6. Accounts Receivable and Advances

The following table presents details of accounts receivable and advances:
($ thousands)

	2008	2007
Receivables from other government departments and agencies	101,390	183,827
Advances to external parties	983	96
Deposits in transit to the Receiver General	559	―
Receivables from external parties	195	162
Advances to employees	57	39
Total Accounts Receivable and Advances	103,184	184,124

7. Tangible Capital Assets

The following table presents the details of Tangible Capital Assets:
($ thousands)

Capital asset class	Cost				Accumulated amortization				Net book value
	Opening balance	Acqui- sitions	Disposals and writeoffs	Closing balance	Opening balance	Amorti- zation	Disposals and writeoffs	Closing balance	2008	2007
Machinery and equipment	942	11,631	(55)	12,518	724	93	―	817	11,701	218
Motor vehicles	89	38	(24)	103	51	30	(22)	59	44	38
Leasehold improvements	1,952	―	―	1,952	1,915	37	―	1,952	―	37
Assets under construction	3,727	55	(3,727)	55	―	―	―	―	55	3,727
Total	6,710	11,724	(3,806)	14,628	2,690	160	(22)	2,828	11,800	4,020

Acquisitions, Machinery and equipment and Disposals and write-offs, Assets under construction include an amount of $3,727 thousand that was transferred from Assets under construction upon completion of the asset. A transfer from Machinery and equipment to Assets under construction was also made for $55 thousand.

Amortization expense for the year ended March 31, 2008, is $160 thousand ($344 thousand in 2007).

8. Accounts Payable and Accrued Liabilities

The following table presents the details of accounts payable and accrued liabilities by category:
($ thousands)

	2008	2007
Accounts payable to other government departments and agencies	272,000	466,607
Accounts payable to external parties	169,505	131,583
Total accounts payable and accrued liabilities	441,505	598,190

9. Employee Benefits

a) Pension benefits

Eligible public service employees participate in the Public Service Pension Plan, which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 per cent per year of pensionable service times the average of the best five consecutive years of earnings. The benefits are integrated with the Canada/Quebec Pension Plan benefits and they are indexed to inflation.

The Secretariat funds the employer contributions to the Public Service Pension Plan, including additional contributions in respect of actuarial deficiencies, on behalf of all government departments and agencies, and recovers a portion of those costs.

During the year, the Secretariat contributed $12,854 thousand ($10,826 thousand in 2007) in respect of its own employees, which represents approximately 2.1 times (2.2 times in 2007) the contributions made by its employees.

b) Severance benefits

The Secretariat provides severance benefits to its employees based on eligibility, years of service, and final salary. These severance benefits are not pre-funded. Benefits will be paid from future appropriations. Information about the severance benefits, measured as at March 31, is as follows:
($ thousands)

	2008	2007
Accrued benefit obligation, beginning of year	20,531	17,245
Expense for the year	4,943	5,117
Benefits paid during the year	(1,771)	(1,831)
Accrued benefit obligation, end of year	23,703	20,531

10. Contingent Liabilities

Claims and litigations

Claims have been made against the Secretariat in the normal course of operations. Legal proceedings for claims totalling approximately $64 billion ($64 billion in 2007) were still pending at March 31, 2008. Some of these potential liabilities may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded on the department's financial statements. No accrual for these contingent liabilities has been made in the financial statements.

The most significant of these legal actions is described as follows:

In September 1999, the Public Sector Pension Investment Board Act (Bill C-78) was passed by Parliament, providing for improvements in the financial management of federal public service pension plans, including the Public Service (PSSA), RCMP (RCMPSA), and Canadian Forces (CFSA) superannuation plans. The new Act authorized the president of the Treasury Board to debit the accounts in order to reduce the amount of certain excess balances in the superannuation accounts. In late 1999, the major public service unions and pensioner associations launched three lawsuits against the Crown challenging the validity of the legislation. On November 20, 2007, the plaintiffs' actions were dismissed. In February 2008, all three plaintiffs appealed the decisions. No appeal dates have been scheduled to date.

11. Contractual Obligations

The nature of the Secretariat's activities can result in some large multi-year contracts and obligations whereby the department will be obligated to make future payments when the services or goods are received. Significant contractual obligations that can be reasonably estimated are categorized as follows:
($ thousands)

	2009	2010	2011	2012	2013 and thereafter	Total
Public Service Health/Dental Plans	34,653	37,622	40,881			113,156
Management consulting	11,224	1,157	381			12,762
Other professional services	7,495	1,469	100			9,064
Translation services	1,524	40				1,564
Total	54,896	40,288	41,362			136,546

12. Related-Party Transactions

Services provided without charge

The Secretariat is related as a result of common ownership to all Government of Canada departments, agencies, and Crown corporations. The Secretariat enters into transactions with these entities in the normal course of business and on normal trade terms.

During the year, the Secretariat received without charge services from other departments as shown in the following table:
($ thousands)

	2008	2007
Accommodation	11,455	9,212
Legal services	3,463	3,338
Total	14,918	12,550

The government has structured some of its administrative activities for efficiency and cost-effectiveness purposes so that one department performs these on behalf of all departments without charge. The costs of these services, which include payroll and cheque issuance services provided by Public Works and Government Services Canada, are not included as an expense in the Statement of Operations.

13. Comparative Information

Comparative figures have been reclassified to conform to the current year's presentation.

Financial Resources for Management Policy Development and Oversight
($ thousands)

Financial Resources	2007-08
	Planned Spending	Total Authorities	Actual Spending
Portion for Management Policy Development and Oversight	90,400	106,720	94,322
Allocation for Corporate Strategy and Services	34,512	37,788	40,874
Total Management Policy Development and Oversight	124,912	144,508	135,196

Financial Resources for Expenditure Management and Financial Oversight―Secretariat Operations
($ thousands)

Financial Resources	2007-08
	Planned Spending	Total Authorities	Actual Spending
Portion for Expenditure Management and Financial Oversight―Secretariat Operations	46,279	44,310	41,523
Allocation for Corporate Strategy and Services	18,934	20,347	17,878
Total Expenditure Management and Financial Oversight―Secretariat Operations	65,213	64,657	59,401

Human Resources for Management Policy Development and Oversight
Full-Time Equivalent (FTE)

Human Resources	2007-08
	Planned FTEs	Actual FTEs	Difference FTEs
Portion for Management Policy Development and Oversight	628	668	-40
Allocation for Corporate Strategy and Services	269	258	11
Total Management Policy Development and Oversight	897	926	-29

Human Resources for Expenditure Management and Financial Oversight-Secretariat Operations
Full-Time Equivalent (FTE)

Human Resources	2007-08
	Planned FTEs	Actual FTEs	Difference FTEs
Portion for Expenditure Management and Financial Oversight―Secretariat Operations	298	267	31
Allocation for Corporate Strategy and Services	145	139	6
Total Expenditure Management and Financial Oversight―Secretariat Operations	443	406	37

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