ARCHIVED - Indian Residential Schools Truth and Reconciliation Commission Secretariat - Report

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Section III: Supplementary Information

Financial Highlights

The financial highlights presented within this DPR are intended to serve as a general overview of TRC's financial position and operations.

Condensed Statement of Financial Position
As at March 31, 2011 ($ thousands)

	% Change	2010–11	2009–10
Assets
Financial sssets	46%	1 765	1 208
Non-financial assets	-18%	970	1 184
Total assets	14%	2 735	2 392
Total liabilities	57%	2 201	1 399
Equity of Canada	-46%	534	993
Total	14%	2 735	2 392

Total assets were $2.7 million at the end of 2010-11, an increase of $0.3 million (14 percent) over the previous year's total assets of $2.4 million. Consolidated Revenue Fund ($1.6 million) and Tangible Capital Assets ($1 million) comprise 96 percent of the total assets. The decrease in non-financial assets is due to a decrease in capital asset which can be explained by the fact TRC was in its start up phase in 2009-10 and had to fit-up its office space and purchase furniture and hardware and software. The majority of these capital assets started being amortized in 2010-2011 which reduced the total balance of the capital assets.

Total liabilities were $2.2 million at the end of 2010-11, an increase $0.8 million (57 percent) over the previous year's total liabilities of $1.4 million. These liabilities represent accounts payable ($1.7 million), provision for employee severance benefits ($0.4 million), provision for vacation pay and compensatory leave ($0.1 million).

Condensed Statement of Operations
For the year ended March 31, 2011 ($ thousands)

	% Change	2010–11	2009–10
Operating expenses
Total Operating Expenses	46%	1 765	1 208
Revenues	14%	2 735	2 392
Total Revenues
Net cost of operations	14%	2 735	2 392

Total expenses for TRC were $12 million in 2010-11. The majority of the expenses, $8.8 million or 72 percent, were spent in the activity program (Support the research, truth, healing and commemoration activities program); while the remaining balance was spent in Internal Services ($3.4 million or 28 percent). The increase in operating expenses is due to the fact that TRC has continued to hire more employees and is doing more program activities than in the previous year, when it was still in start-up phase. The revenues are from external Third Parties (mostly churches). They are managed through a Specified Purpose Account and are used to pay for National Events expenses.

Section IV: Other Items of Interest

Organizational Contact Information

The Truth and Reconciliation Commission consists of three Commissioners appointed by Order in Council. One of these Commissioners is the Chairperson and Deputy Head of the Commission.

The Chairperson and Commissioners are supported in their work by the Commission staff and the Residential Schools Survivor Committee.

The Management team of the Commission includes the following positions: Executive Director; Director of Statement Gathering and National Research Centre; Director of Strategic Planning, Communications and Community Liaison; Director of Research, Historical Record and Report Preparation; co-directors of the Inuit Sub-Commission; and Director of Corporate Service.

There are no other tables applicable to the operations of the Commission, in particular Transfer Payment Programs, Up-Front Multi-Year Funding (formerly conditional grants to Foundations), Summary of Capital Spending by Program Activity, and User Fees.

Contacts

Truth and Reconciliation Commission of Canada
1500-360 Main Street
Winnipeg, Manitoba
R3C 3Z3

Telephone: (204) 984-5885
Toll Free: 1-888-872-5554 (1-888-TRC-5554)
Fax: (204) 984-5915

Email: info@trc.ca

1. See Public Accounts of Canada 2010, http://www.tpsgc-pwgsc.gc.ca/recgen/txt/72-eng.html.

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