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Table 9: Revolving Funds
Table 9A: Passport Canada Revolving Fund—Statement of Operations ($ millions)
| Forecast Spending 2007-2008 |
Planned Spending 2008-2009 |
Planned Spending 2009-2010 |
Planned Spending 2010-2011 |
|
| Total Respendable Revenue | 299.6 | 276.6 | 246.2 | 246.2 |
| Operating Expenses: | ||||
| Salaries and employee benefits |
186.7 | 176.2 | 151.0 | 151.0 |
| Passport material usage | 20.0 | 19.5 | 19.3 | 19.3 |
| Passport operations at missions abroad |
4.6 | 4.4 | 4.4 | 4.4 |
| Accommodation | 12.0 | 13.1 | 9.2 | 9.2 |
| Professional and special services |
24.1 | 17.1 | 9.7 | 9.7 |
| Amortization | 16.0 | 30.3 | 13.4 | 13.4 |
| Freight, express and cartage | 30.6 | 27.0 | 24.1 | 24.1 |
| Telecommunications | 4.5 | 3.8 | 3.5 | 3.5 |
| Printing, stationery and supplies |
1.7 | 0.7 | 2.9 | 2.9 |
| Other | 19.6 | 13.3 | 11.3 | 11.3 |
| Total Expenses | 319.8 | 305.4 | 249.0 | 249.0 |
| Surplus (Deficit) | (20.2) | (28.8) | (2.8) | (2.8) |
Table 9B: Passport Canada Revolving Fund—Statement of Cash Flows ($ millions)
| Forecast Spending 2007-2008 |
Planned Spending 2008-2009 |
Planned Spending 2009-2010 |
Planned Spending 2010-2011 |
|
| Surplus (Deficit) | (20.2) | (28.8) | (2.8) | (2.8) |
| Add non-cash items: | ||||
| Amortization | 16.0 | 30.3 | 13.4 | 13.4 |
| Passport material usage | 20.0 | 19.5 | 19.3 | 19.3 |
| Provision for employee termination benefits |
2.4 | 2.2 | 2.2 | 2.2 |
| Total non-cash items | 38.4 | 52.0 | 34.9 | 34.9 |
| Add cash inflows: | ||||
| Treasury Board funding to increase Passport capacity |
45.0 | 10.0 | 0.0 | 0.0 |
| Total cash inflows | 45.0 | 10.0 | 0.0 | 0.0 |
| Change in working capital | (28.8) | (27.7) | (23.1) | (23.1) |
| Investing activities: | ||||
| Acquisition of depreciable assets |
(52.9) | (5.5) | (9.0) | (9.0) |
| Cash Surplus (Requirement) | (18.5) | (0.0) | (0.0) | (0.0) |
Table 9C: Passport Canada Revolving Fund—Projected Use of Authority ($ millions)
| Forecast Spending 2007-2008 |
Planned Spending 2008-2009 |
Planned Spending 2009-2010 |
Planned Spending 2010-2011 |
|
| Authority* | 4.0 | 4.0 | 4.0 | 4.0 |
| Drawdown: | ||||
| Balance as of April 1 | 50.9 | 32.4 | 32.4 | 32.4 |
| Projected surplus (drawdown) |
(18.5) | 0.0 | 0.0 | 0.0 |
| Total non-cash items | 32.4 | 32.4 | 32.4 | 32.4 |
| Projected Balance at March 31 |
36.4 | 36.4 | 36.4 | 36.4 |
* Note: Four million dollars is the maximum amount that may be drawn down at any time from the Consolidated Revenue Fund.