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The NEB is funded through Parliamentary appropriations. The Government of Canada recovers approximately 90 per cent of the appropriation from the regulated industry. These revenues are deposited directly into the Consolidated Revenue Fund. This process is regulated by the Cost Recovery Regulations under the NEB Act.
Condensed Statement of Financial Position At end of Fiscal Year (March 31, 2010) |
% Change | 2008–09 | 2009–10 |
---|---|---|---|
Assets | |||
Total Assets | 104.4% | 15,591 | 31,871 |
Total | 104.4% | 15,591 | 31,871 |
Liabilities | |||
Total Liabilities | 44.3% | 15,011 | 20,467 |
Equity | |||
Total Equity | 1661.4% | 580 | 11,404 |
Total | 104.4% | 15,591 | 31,871 |
Condensed Statement of Financial Operations At end of Fiscal Year (March 31, 2010) |
% Change | 2008–09 | 2009–10 |
---|---|---|---|
Expenses | |||
Total Expenses | 4.9% | 59,429 | 61,155 |
Revenues | |||
Total Revenues | 19.5% | 52,179 | 62,344 |
Net Cost of Operations | -100.0% | -7,250 | 1 |
The NEB’s financial statements are located on the NEB’s website.
The following tables are located on the Treasury Board Secretariat website:
1 The public interest is inclusive of all Canadians and refers to a balance of economic, environmental, and social interests that changes as society’s values and preferences evolve over time.
2The variance between Actual Spending and Total Authorities is attributed to: fewer hearings than anticipated; lower salary costs due to a lag between Treasury Board approval to fund 56 additional FTEs and the subsequent staffing of these positions; and Operating and Maintenance expenditures which were cancelled or moved to 2010-11.
3The number of Actual FTEs versus Planned FTEs is higher due to Treasury Board approval of funding for 56 additional FTEs.
4Pipeline “failure” and pipeline “rupture” are used as interchangeable terms in this report.
5Commencing in the 2009-10 Estimates cycle, the resources for Program Activity: Internal Services is displayed separately from other program activities; they are no longer distributed among the remaining program activities, as was the case in previous Main Estimates. This has affected the comparability of spending and FTE information by Program Activity between fiscal years.
6National Energy Board’s GH-5-2008 Reason for Decision was released on 26 February 2009 and the Certificate of Public Convenience and Necessity GC-113 was approved by the Governor in Council on 2 April 2009.
7The public interest is inclusive of all Canadians and refers to a balance of economic, environmental and social interests that changes as society’s values and preferences evolve over time.