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Section III: Supplementary Information
Financial Highlights
Condensed Statement of Financial Position
| (in dollars) | |||
|---|---|---|---|
| At March 31, 2010 | % Change | 2010 | 2009 |
| Assets | |||
| 105% | 140,339 | 68,565 | |
| Total Assets | 105% | 140,339 | 68,565 |
| Liabilities | |||
| Liabilities | (36%) | 585,607 | 912,720 |
| Equity of Canada | 47% | (445,268) | (844,155) |
| Total Liabilities and Equity of Canada | 105% | 140,339 | 68,565 |
Condensed Statement of Financial Operations
| ($ denomination) | |||
|---|---|---|---|
| For the year ended March 31, 2010 | % Change | 2010 | 2009 |
| Expenses | 9% | 2,575,733 | 2,826,193 |
| Net Cost Of Operations | 9% | 2,575,733 | 2,826,193 |
Total net cost of operations was $2,575,733 at the end of 2009-2010, a decrease of $250,460. The decrease is due to a reduction of salary related expenses such as employee benefits plan, allowances for severance pay and vacation pay.
Financial Highlights Charts/Graphs
Total assets were $140,339 at the end of 2009-2010, an increase of $71,774 (105%) over the previous years, total asset of $68,565 mainly due to an increase of the account receivables related to salaries and the acquisition of new capital assets. Tangible capital assets represent the largest portion of their assets with $92,751 or 66% of all assets.
Total liabilities were $585,607 at the end of 2009-2010 representing a decrease of $327,113 (36%) over the previous year’s total liabilities of $912,720. The decrease was mainly due to a significant reduction of year end accrued expenses related to salaries.
Total expenses for the Security Intelligence Review Committee were $2,575,733 for fiscal year 2009-2010 compared to $2,826,193 for fiscal year 2008-2009.
$848,403 (33%) was spent under the Review Program Activity, $600,520 (23%) was spent under the Complaints Program Activity and $1,126,810 (44%) was spent under the Internal Services.
As per the above pie chart, the internal services’ expenses are being presented as a separate activity in the financial statements based on the Treasury Board Secretariat’s new reporting requirements. In previous years, internal services expenses were distributed between program activities. SIRC has three key program activities related to its strategic outcome.
The increase in the level of expenses for the program activity “Complaints” from fiscal year 2008-09 ($529,103) to 2009-10 ($600,520) is mainly due to a staff shortage in 2008-09 and the hiring of senior level lawyer in fiscal year 2009-10 to fill vacant positions.
The decrease in the level of expenses for the program activity “Reviews” from fiscal year 2008-09 ($931,320) to 2009-10 ($848,403) is mainly due to less salary expenses related to staffing shortages.
The third program activity, Internal Services, captures all of the costs associated with monthly meetings attended by Committee Members, including per diems, travel and accommodation costs. SIRC is a small organization, highly centralized where many costs normally assumed by line managers (e.g. all informatics and technical services, furniture and equipment, supplies, printing and graphics, messenger services, telecommunications) are covered by corporate services and are not re-allocated to the other two program activities.
Financial Statements
Further information regarding SIRC’s financial statements is available online at: www.sirc-csars.gc.ca/opbapb/fstefi-eng.html.
List of Supplementary Information Tables
All electronic supplementary information tables found in the 2009–10 Departmental Performance Report can be found on the Treasury Board of Canada Secretariat’s website at: http://www.tbs-sct.gc.ca/dpr-rmr/2009-2010/info/info-eng.asp.
Other Items of Interest
Contact Information
Security Intelligence Review Committee
P.O. Box 2430 Station “D”
Ottawa, Ontario
K1P 5W5
Telephone: (613) 990-8441
Facsimile: (613) 990-5230
Internet: www.sirc-csars.gc.ca
E-Mail: info@sirc-csars.gc.ca
Legislation Administered
Canadian Security Intelligence Service Act
