This page has been archived.
Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.
Supplementary Information (Tables)
Transfer Payments ($ millions) |
Forecast Spending 2008-09 |
Planned Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2011-12 |
---|---|---|---|---|
Other Payments (Statutory) | ||||
Payments to Municipalities and Other Taxing Authorities | 468.63 | 486.19 | 495.92 | 505.83 |
Recoveries from Custodian Departments | (468.63) | (486.19) | (495.92) | (505.83) |
Total Other Payments | - | - | - | - |
Total Transfer payments | - | - | - | - |
Totals may not add up due to rounding.
Foundations (Conditional Grants) |
---|
Note: PWGSC is not responsible for administering conditional grant funding agreements. |
PWGSC is planning to meet the objectives of the Policy on Green Procurement as follows:
For Section 7 Responsibilities (Departmental Implementation):
By incorporating environmental performance considerations and the requirements of the Policy on Green Procurement into procurement decision-making, implementing a managed print solution and training employees.
For Section 8 Responsibilities to Support all Departments:
Has your department established green procurement targets?
Yes |
Describe the green procurement targets that have been set by your department and indicate the associated benefits anticipated.
The departmental Sustainable Development Strategy (SDS) outlines the targets that have been set and the anticipated benefits. The table below is taken from the SDS 2007-2009. Anticipated benefits include increased integration of environmental performance considerations in procurement decisions to demonstrate leadership and a strong green procurement foundation to protect the environment and support sustainable development.
Target | Activity | Result |
---|---|---|
By March 2010, to complete a pilot project that introduces a fully managed print solution to reduce the environmental impacts of PWGSC printing services. Performance Measure Degree to which pilot project is completed |
Implement a fully managed print solution in the National Capital Area (NCA) including the double-sided default | Fully managed print solution |
Measure and report the results obtained for the NCA | Performance measurement report | |
Establish the baseline benefits and impacts of implementing a fully managed print solution in regions including the double-sided default | Baseline in place | |
Start regional implementations | Implementation underway | |
Showcase results to other federal government departments (via the Green Procurement Interdepartmental Steering Group) | Other government departments (OGDs) made aware of results | |
By March 2010 reduce the quantity of departmental printing equipment (e.g. printers, photocopiers, facsimile machines) by 50 percent compared to fiscal year 2005-2006. Performance Measure Quantity of printing equipment PWGSC uses |
Introduce a fully managed print solution for the department including the double-sided default feature and decreasing the number of personal printers | Fully managed print solution |
By March 2010, develop and implement PWGSC Green Printing Standards. Performance Measures PWGSC Green Printing Standard approved and communicated Percentage of PWGSC published documents in compliance with the PWGSC Green Printing Standards |
Establish PWGSC green printing standard | Standard established |
Promulgate green printing standard | Standard promulgated | |
Monitor and report on use of green printing standard | Reports produced | |
By March 2010, 90 percent of materiel managers, procurement personnel and acquisition card holders to have attended green procurement training. Performance Measure Quantity of printing equipment PWGSC uses |
Use the TBS Professional Development and Certification Program for the Procurement, Materiel Management and Real Property Communities | Knowledgeable Personnel |
By March 2010, support the inclusion of environmental considerations into Canadian General Standards Board (CGSB) standards routinely used in the Government of Canada (GC) procurement process. Performance Measure Number of environmental considerations in the priority CGSB standards routinely used in the GC procurement process Number of environmental considerations recommendations related back to standards committee(s) for inclusion into the priority CGSB standards |
Define environmental considerations and needs for standards used in the procurement process | Defined environmental considerations |
Determine priority CGSB standards routinely used in the GC procurement process | Prioritized CGSB standards | |
Compare environmental considerations and needs and identify gaps for priority CGSB standards | Gap Analysis | |
Relate gaps back to the CGSB's active standards committees for consideration | Report to standards committee | |
Assess inclusion of environmental considerations in priority CGSB standards | Recommended environmental considerations for CGSB standards |
In SDS 2007-2009, PWGSC builds on past success and incorporates lessons learned over the years. SDS 2007-2009 provides a comprehensive, streamlined and transparent approach to achieving the departmental vision with respect to sustainable development. PWGSC has aligned its goals and commitments to emerging priorities of the department and the government as a whole. SDS 2007-2009 outlines a plan for PWGSC to provide leadership in building a government-wide approach to the greening of government operations, and to green its internal operations. PWGSC is integrating environmental considerations into the very heart of its business, and is focused on demonstrating results.
See complete PWGSC SDS at: http://www.tpsgc-pwgsc.gc.ca/dd-sd/index-eng.html
See annual PWGSC SDS Performance Reports at: http://www.tpsgc-pwgsc.gc.ca/dd-sd/rendement-performance/index-eng.html
SDS Departmental Goal 1: Governance for Sustainable Development - Strengthen federal governance and decision making to support sustainable development | ||
Federal SD goal, including GGO goals | Performance measurement from current SDS | Department's expected results for 2009-10 |
---|---|---|
Goal 1 contributes to federal SD Goal VI and GGO goal on green procurement*. * For green procurement-related targets from PWSGC's SDS, please refer to the Green Procurement Table. |
Sustainable Building Policy and implementation plan approved. | By March 2010, implement a Sustainable Building Policy and supporting guidelines to improve building environmental performance. |
Percentage of existing Crown-owned office buildings that have been assessed under BOMA Go Green Plus. | By March 2010, 100% of existing Crown-owned office buildings will have been assessed under BOMA Go Green Plus. | |
Percentage of leases respecting the LEED, BOMA requirements or equivalent standards/assessment tools specific to each type of lease. | By March 2010, for all leases greater than 500 m2 where PWGSC is the majority lessee, at the time of a new lease or lease renewal, LEED, BOMA or equivalent standards will be embodied in the lease. | |
Approved action plan and/or best practices for feasible opportunities to further enhance the environmental sustainability of its Real Property operations. | By March 2010, PWGSC will have examined opportunities to further enhance the environmental sustainability of its Real Property operations. Where feasible opportunities are identified, action plans and/or best practices will have been prepared and approved. | |
SDS Departmental Goal 2: Sustainable Development and Use of Natural Resources | ||
Federal SD goal, including GGO goals | Performance measurement from current SDS | Department's expected results for 2009-10 |
Goal 2 contributes to federal SD Goal V | Percentage of electronic waste strategy implemented. | By December 2010, implement an environmental stewardship strategy for managing electronic waste generated from federal operations. |
Number of projects over $1,000,000 managing constructions, renovation, demolition waste/number of projects over $1,000,000. | Consistent with previous SDS commitments, in real property projects over $1,000,000 and in communities where industrial recycling is supported, the implementation of construction and demolition waste management practices will be completed, with waste materials being reused or recycled. | |
SDS Departmental Goal 3: Reduce Greenhouse Gas Emissions | ||
Federal SD goal, including GGO goals | Performance measurement from current SDS | Department's expected results for 2009-10 |
Goal 3 contributes to federal SD Goal III and GGO goals on building energy and vehicle fleet | In PWGSC Crown-owned buildings, percentage of total building energy consumption reduction relative to 2001-2002 in gigajoules and in megajoules/m2. Percentage of Greenhouse Gas (GHG) emissions reduction relative to 2001-2002 levels. GHG emissions will be measured as kilotonnes, and also as kg/m2 of CO2 equivalent. | By March 2010, the energy consumption for the total inventory of PWGSC Crown-owned buildings will be reduced by 8 percent from 2001-02 levels. Associated reductions in GHG emissions from the total inventory (excluding the Central Heating and Colling Plants [CHCP] in National Capital Area) are expected to be 11 percent from the 2001-02 levels. |
Approved business case to modernize PWGSC's common energy infastructure. Note: This performance measure and expected result were revised in January 2009. |
By December 2012, establish long-term targets in accordance with CHCP business case to modernize PWGSC's common energy infrastructure. | |
Annual average GHG emissions per vehicle kilometre. | By March 2010, reduce by 15 percent from 2002-2003 levels, GHG emissions per vehicle kilometre from the fleet. | |
Percent of gasoline purchased for departmental fleet that is ethanol blended. Note: The wording of this performance measure and expected result were updated to reflect the intent of the original SDS commitment. |
Effective April 2007, all gasoline purchased for departmental fleet will be ethanol blended, where available. |
Name of lead department(s): PWGSC
Lead department program activity: PWGSC Special Purpose Allotment
Start date of the Horizontal Initiative: May 12, 2004
End date of the Horizontal Initiative: March 31, 2014
Total federal funding allocation (start to end date): $282 million for PWGSC cost share with the Province of Nova Scotia. (The Province of Nova Scotia's share is up to $120 million for a total project cost of $402 million.) Costs outside of the cost share are: PWGSC federal lead oversight $25.8 million, Environment Canada $7.6 million and Health Canada $5.5 million.
Description of the Horizontal Initiative (including funding agreement): Remediation of Sydney Tar Ponds and Coke Ovens comprises federally and provincially owned land, which were contaminated as a result of a century of manufacturing steel. The project is in support of the federal government's sustainable development initiative, recognizing the environmental, social and economic dimensions of the Sydney area. The project will have long-term benefits for all Canadians. When remediation is complete, Nova Scotia will take ownership of the lands. Any remaining contaminants will be managed and monitored by the Province of Nova Scotia in accordance with the Memorandum of Agreement (MOA). The website for the provincial agency is http://www.tarpondscleanup.ca.
Shared outcome(s): The project will result in environmental, economic, and social benefits for Nova Scotians, First Nations Communities and all Canadians. Downtown Sydney will have new land to be developed, which will aid in rejuvenation of the economically depressed area.
Governance structure(s):
Federal Partners | Federal Partner Program Activity (PA) | Names of Programs for Federal Partners | Total Allocation (from 2004 to 2014) | Planned Spending for 2009-10 |
Expected Results for 2009-10 |
---|---|---|---|---|---|
PWGSC Cost Share: PWGSC Operating |
Federal Lead | Sydney Tar Ponds and Coke Ovens Remediation Project | $282,240 $25,870 |
$43,024 $3,162 |
PWGSC's project team is carrying out its oversight role to ensure the project is complying with the project agreements. |
Environment Canada | Provision of advice to PWGSC on technical issues, historical studies and scientific issues related to contaminated sites. | n/a | $7,640 | $677.6 | Provision of advice to PWGSC on technical issues, historical studies and scientific issues related to contaminated sites. |
Health Canada | Provision of advice to PWGSC on issues related to human health, technical issues and risk assessment. | n/a | $5,500 | $550 | Provision of advice to PWGSC on issues related to human health, technical issues and risk assessment. |
Total | $321,250 | $47,413.6 |
Results to be achieved by non-federal partners (if applicable): The Sydney Tar Ponds Agency, a single purpose entity, was established by the Province of Nova Scotia to manage and implement the project.
Contact information: Randy Vallis, Director, 295 Charlotte Street, Sydney, NS B1P 6J9 (902) 564-2543
Name of Internal Audit | Internal Audit Type | Status | Expected Completion Date |
---|---|---|---|
Attest Audit of the Financial Statements for the Translation Bureau Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Attest Audit of the Financial Statements for the Real Property Disposition Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Attest Audit of the Financial Statements for Consulting and Audit Canada Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Attest Audit of the Financial Statements for the Telecommunications and Informatics Common Services Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Attest Audit of the Financial Statements for the Optional Services Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Attest Audit of the Financial Statements for the Real Property Services Revolving Fund for Fiscal Year ended March 31, 2009 | Financial | September 2009 | |
Annual Attest Audit of the Financial Report of Administrative Costs Chargeable to the Canada Pension Plan for Fiscal Year ended March 31, 2009 | Financial | December 2009 |
Electronic Link to Internal Audit and Evaluation Plan: The final Internal Audit and Evaluation Plan, including discretionary projects will be approved by the Audit and Evaluation Committee in early 2009-2010. Once approved, the audit reports will be posted on the following PWGSC internet site: www.tpsgc-pwgsc.gc.ca/bve-oae/index-eng.html for the English page and www.tpsgc-pwgsc.gc.ca/bve-oae/index-fra.html for the French page.
Name of Evaluation | Program Type | Status | Expected Completion Date |
---|---|---|---|
Electronic link to evaluation plan: Note: The final Internal Audit and Evaluation Plan, including discretionary projects will be approved by the Audit and Evaluation Committee in early 2009-2010. Once approved, the evaluation reports will be posted on the following PWGSC internet site: www.tpsgc-pwgsc.gc.ca/bve-oae/index-eng.html for the English page and www.tpsgc-pwgsc.gc.ca/bve-oae/index-fra.html for the French page.
Loans, Investments and Advances by Program Activity |
---|
Parliament authorized a total drawdown of $50 million for the seized property working capital account. Based on historical analysis, a drawdown of approximately $6 million is anticipated against this working capital account over the 2009-2012 planning period. |
Program Activity | Respendable revenue | Forecast Revenue 2008-09 |
Planned Revenue 2009-10 |
Planned Revenue 2010-11 |
Planned Revenue 2011-12 |
---|---|---|---|---|---|
ACQUISITIONS | |||||
Acquisition | 32.7 | 29.3 | 29.3 | 29.3 | |
Traffic and Vaccine | 99.3 | 100.1 | 100.9 | 101.6 | |
Communication Procurement | 2.5 | 2.5 | 2.5 | 2.5 | |
Subtotal | 134.5 | 131.9 | 132.7 | 133.4 | |
ACCOMMODATION & REAL PROPERTY ASSETS MANAGEMENT | |||||
Rentals and Concessions | 904.0 | 584.4 | 584.7 | 583.1 | |
Real Property Services Revolving Fund Recoveries of disbursements on behalf of clients |
838.7 | 937.4 | 913.4 | 874.3 | |
Fee revenues from real property related common services | 141.2 | 391.4 | 395.7 | 404.2 | |
979.9 | 1,328.8 | 1,309.1 | 1,278.5 | ||
Real Property Disposition Revolving Fund Sales of real properties |
8.5 | 8.0 | 7.5 | 7.0 | |
Subtotal | 1,892.4 | 1,921.2 | 1,901.3 | 1,868.6 | |
RECEIVER GENERAL FOR CANADA | |||||
Receiver General Services | 0.7 | - | - | - | |
Stewardship of Public Money & Accounts of Canada | 14.4 | 14.6 | 13.0 | 13.0 | |
Subtotal | 15.1 | 14.6 | 13.0 | 13.0 | |
INFORMATION TECHNOLOGY INFRASTRUCTURE SERVICES | |||||
Information Technology Infrastructure Services | 218.6 | 137.9 | 59.0 | (8.4) | |
Telecommunications and Informatics Common Services Revolving Fund | 197.3 | 290.4 | 197.3 | 197.3 | |
Subtotal | 415.9 | 428.3 | 256.3 | 188.9 | |
FEDERAL PAY & PENSION ADMINISTRATION | |||||
Public Service Compensation Services | 4.8 | 2.4 | 2.4 | 2.4 | |
Public Service Pay Stewardship | 4.8 | 2.4 | 2.4 | 2.4 | |
Public Service Pension Stewardship | 108.6 | 99.6 | 96.8 | 41.4 | |
Subtotal | 113.4 | 102.0 | 99.2 | 43.8 | |
LINGUISTIC MANAGEMENT & SERVICES | |||||
Translation Bureau Revolving Fund Translation Services |
193.6 | 223.9 | 227.5 | 229.1 | |
Interpretation Services | 3.3 | 3.3 | 3.3 | 3.3 | |
Terminology Services | 1.6 | 1.2 | 1.2 | 1.2 | |
Subtotal | 198.5 | 228.4 | 232.0 | 233.6 | |
SPECIALIZED PROGRAMS & SERVICES | |||||
Consulting and Audit Canada Revolving Fund | 43.4 | 54.9 | 59.5 | 64.2 | |
Acquisitions | 25.1 | 11.1 | 11.1 | 11.1 | |
Consulting, Information and Shared Services | 40.7 | 30.0 | 30.0 | 30.0 | |
Sydney Tar Ponds Project | - | - | - | - | |
Accounting, Banking and Compensation | 1.7 | - | - | - | |
Office of Greening Government Operations (CSPC) | 1.4 | 0.7 | 0.7 | 0.7 | |
Subtotal | 112.3 | 96.7 | 101.3 | 106.0 | |
PROCUREMENT OMBUDSMAN | |||||
Procurement Ombudsman | - | - | - | - | |
Subtotal | - | - | - | - | |
Internal Services | |||||
Internal Services | 153.2 | 122.6 | 122.6 | 122.4 | |
Subtotal | 153.2 | 122.6 | 122.6 | 122.4 | |
Total Respendable Revenue | 3,035.3 | 3,045.7 | 2,858.4 | 2,709.7 |
Totals may not add up due to rounding.
Program Activity | Respendable revenue | Forecast Revenue 2008-09 |
Planned Revenue 2009-10 |
Planned Revenue 2010-11 |
Planned Revenue 2011-12 |
---|---|---|---|---|---|
NON-RESPENDABLE REVENUE | |||||
Dry Docks | 4.5 | 6.0 | 6.0 | 6.0 | |
Other non-tax revenue | 24.2 | 24.4 | 24.9 | 20.7 | |
Total Non-respendable Revenue | 28.7 | 30.4 | 30.9 | 26.7 | |
Total Respendable and Non-respendable Revenue | 3,064.0 | 3,076.1 | 2,889.3 | 2,736.4 |
Totals may not add up due to rounding.
The West Block, located within the Parliamentary Precinct, is the oldest of the parliamentary buildings located on the "Hill". It is a three-storey building that was built in three phases starting in 1859 and completed in 1906. The West Block provides accommodation for Members of Parliament (MPs) and for parliamentary functions and support services.
Renovations of the building are required to address health and safety and asset integrity conditions. In order to implement the renovations, the building has to be completely vacated, thus requiring the provision of alternate accommodations for the MPs, parliamentary functions such as committee rooms and support services. Consequently, the program of work will be undertaken in two phases.
Phase 1 involves:
Phase 2 involves*:
* Subject to additional funding
The current schedule calls for MPs and support staff to vacate the West Block in 2010, with construction to start on specific areas of West Block shortly thereafter. Overall completion is scheduled for 2020.
Current Treasury Board Preliminary Project Approval is $769.2 million, excluding GST.
Lead Department | Public Works and Government Services Canada |
---|---|
Contracting Authority | Public Works and Government Services Canada |
Participating Departments | Senate of Canada, House of Commons, and Library of Parliament |
Prime Contractor | Design consultant for the West Block renovation and fit-up project is ARCOP/FGM, architects in joint venture, 1244 Ste-Catherine Ouest, 3rd floor, Montreal PQ, H3G 1P1 |
---|---|
Prime Contractor | Design consultant for the La Promenade fit-up project is KWC Architects Inc. 110 Argyle Avenue, Ottawa, Ontario K2P 1B4 |
Prime Contractor | General contractor for the La Promenade fit-up project is Pomerleau Inc., 220-343 Preston St. Ottawa, Ontario, K1S 1N4 |
Prime Contractor | General contractor for the North Towers stabilization and rehabilitation project is LM Sauve Masons, 451, rue Sainte-Catherine Ouest, suite 301 Montréal (Québec) H3B 1B1 |
Prime Contractor | General contractor for construction of the Food Production Facility for Parliament Hill is PCL Construction Ltd, 49 Auriga Drive, Nepean, Ontario, K2E 8A1 |
Prime Contractor | Design consultant for the Bank of Montreal rehabilitation project is NORR Architects and Engineers Ltd., 175 Bloor Street East, Toronto, Ontario, M4W 3R8 |
Major Milestone | Date |
---|---|
Revised Preliminary Project Approval | June 2005 |
Partial Effective Project Approval (Phase 1) | June 2005 |
$17.2 million Spending Authority Approved for the development of preliminary design to EPA for West Block, Bank of Montreal, Wellington Committee rooms and project management support services for the program | December 2006 |
Effective Project Approval (Phase 1) | February 2007 |
La Promenade swing space completion | 2010 |
MPs, parliamentary functions and support services vacate West Block | 2010 |
Effective Project Approval | 2010* |
Major Construction Start | 2010* |
Major Construction Completion | 2020* |
*Subject to additional funding
The West Block Program of work consists of sub-projects involving emergency stabilization of towers and masonry, several interim space projects, major renovations of the building and construction of a courtyard infill.
Stabilization:
The work presently underway is required in order to ensure the most at risk areas of the building envelope are stabilized. The work includes:
*Subject to additional funding
Swing space:
*Subject to additional funding
Several multi-million dollar contracts will be awarded over a ten-year period for building construction, information technology systems, multimedia systems, furniture and other equipment. An estimated 3,500 private sector jobs will be generated by this program of work.
The Wellington Building is located at 180 Wellington Street, across from Parliament Hill. It is a six-storey structure first built in 1925 and later enlarged in the 1950's by Metropolitan Life Insurance Company. The House of Commons has been the major tenant since the Crown expropriated the building in 1973. Renovations of the building are required to address health and safety issues, replace obsolete building systems and meet building code requirements. The building will be completely vacated during the renovations. This project is a key enabler of the West Block Building Program, as the Wellington Building will provide interim accommodations for the West Block Committee Rooms during its renovation. It will also provide interim office accommodations for parliamentarians during the restoration of the East and Centre Blocks.
The work will be completed in two phases to expedite project delivery. Phase 1 will include interior demolition, asbestos abatement and seismic reinforcement work. Phase 2, dependent on additional funding, will include the restoration of the exterior envelope, renovation of the base building and fit-up the interior space. The planned start of construction is 2010. The entire renovation, including the ten committee rooms required to enable the West Block renovations, and the 69 parliamentary offices to facilitate both East and Centre Block renovations, are targeted to be complete in 2015. The current total cost estimate excluding swing space is $425.2 million (current dollars, excluding GST). Separate project approval has been received for alternate spaces at 181 Queen Street and 131 Queen Street.
Lead Department | Public Works and Government Services Canada; |
---|---|
Contracting Authority | Public Works and Government Services Canada |
Participating Departments | House of Commons and Senate of Canada |
Prime Contractor | Design consultant for the Wellington renovation project is NORR Architects and Engineers Ltd., 175 Bloor Street East, Toronto, Ontario, M4W 3R8 |
---|
Major Milestone | Date |
---|---|
Preliminary Functional Program Completed | July 2007 |
Revised Preliminary Project Approval and Phase 1 Effective Project Approval | March 2008 |
Consultant Contract Award | August 2008 |
Final Functional Program | January 2009 |
Phase 1 Construction Start | 2010 |
Phase 2 Effective Project Approval | 2010* |
Phase 1 Construction Completion | 2012 |
Phase 2 Construction Start | 2012* |
Phase 2 Construction Completion | 2015 |
*Subject to additional funding
The prime consultant has been engaged and has progressed through the analysis of project requirements and the completion of the final functional program. Many occupants and functions have been relocated to locations including 181 Queen Street and 131 Queen Street. Alternate space locations for remaining occupants have been defined, and several of the key relocation projects have obtained Preliminary Project Approval.
Several multi-million dollar contracts will be awarded over a seven-year period for building construction, information technology systems, multimedia systems, furniture and other equipment. An estimated 1,500 private sector jobs will be generated by this project.
The Government of Canada Pension Modernization Project (GCPMP) has been initiated to renew PWGSC's pension administration systems and business processes in order to ensure the sustainability of the pension administration and improve services to employees, employers and pensioners. The current pension administration processes and system infrastructure are nearly 40 years old. They depend on outdated technology that is expensive to maintain, limits the Government's ability to provide modern services such as web-based self-service, and relies on inefficient and error prone manual processes. The GCPMP will replace existing systems with commercial off-the-shelf software products, streamline business processes, and introduce broader, more flexible service delivery methods. Although the project is focused on the Public Service Superannuation Act administration, the project will implement a multi-plan solution that will provide for other pension plans within the public service.
The GCPMP began its Implementation Phase in July 2007, following receipt of Effective Project Approval from the Treasury Board. The GCPMP Implementation Phase will take approximately four and a half years to complete.
Lead Department | Public Works and Government Services Canada |
---|---|
Contracting Authority | Public Works and Government Services Canada |
Participating Departments | Public Works and Government Services Canada |
Prime Contractor | EDS Canada Inc.99 Bank St., 6th Floor, Ottawa, Ontario K1P 6B9 |
---|---|
Major Subcontractor(s) | James Evans & Associates (JEA) 4th floor, 844 Courtney St., Victoria, British Columbia V8W 1C4 Vangent Canada Limited 169 Colonnade Road, Nepean, Ontario K2E 7J4 Oracle Canada Inc. 50 O'Connor St., Suite 1301, Ottawa, Ontario K1P 6L2 |
Major Milestone | Date |
---|---|
Preliminary Project Approval for completion of Project Definition | Completed May 2004 |
Approval of contract award | Completed October 2005 |
Contract Award | Completed November 2005 |
Completion of Project Definition | Completed June 2007 |
Effective Project Approval for Implementation | Completed June 2007 |
Implementation Phase | |
|
Revised to December 2008 |
|
September 2009 |
|
February 2010 |
|
July 2010 |
|
October 2011 |
|
December 2011 |
Close-Out Phase | January 2012 |
Project Definition Phase (completed June 2007):
Implementation Phase (in progress):
A multi-million dollar contract has been awarded for the COTS products, as well as for the professional services to implement the new systems, and for support services and ongoing maintenance. The implementation will be conducted in several phases over a four and a half year period (2007-2011). During that time it is expected that there will be some temporary positions required to support the system implementation and business transformation activities. In the long term, the project will provide the infrastructure and processes essential to the sustainability of current pension administration operations, and positions, in Shediac New Brunswick.
Program Activity | Forecast Spending 2008-09 |
Planned Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2012-12 |
---|---|---|---|---|
Accommodation & Real Property Assets Management | 382.2 | 621.4 | 579.9 | 310.9 |
Information Technology Infrastructure Services | 6.6 | - | - | - |
Total | 388.8 | 621.4 | 579.9 | 310.9 |
Planned spending includes $305.1M announced in the Budget 2009 for the Accelerated Infrastructure Program ($160.6M for 2009-2010 and $144.5M for 2010-2011).
Name of User Fee | Fee Type | Fee-setting Authority | Reason for Planned Introduction of or Amendment to Fee | Effective Date of Planned Change | Consultation and Review Process Planned |
---|---|---|---|---|---|
Access to Information Policy | Other Products and Services (O) | Access to Information Act | No planned changes | ||
Canada Gazette- Subscription Fees | Regulatory | Statutory Instruments Act, 1971 | No planned changes | ||
Public Ports and Harbours - Esquimalt Graving Dock | Regulatory | Public Works Act / Order-in-Council | To bring the dock to a position of full cost recovery. | To be determined after review by standing committees. | Consultations with user groups and fleet owners are complete. Moving towards tabling proposal. |
Public Ports and Harbours - Selkirk Marine Railway Dry Dock | Regulatory | Public Works Act / Order-in-Council | No planned changes |
in thousands of dollars | Forecast 2010 |
---|---|
Net results | 2,629 |
Add: items not requiring use of funds | 854 |
Operating source (use) of funds | 3,483 |
Less: items requiring use of funds | |
Net capital acquisitions | (84) |
Authority provided | 3,567 |
in thousands of dollars | Forecast 2010 |
---|---|
Debit balance in the accumulated net charge against the Fund's authority | 1,302 |
Add: | |
PAYE charges against the appropriation account after March 31 | 7,140 |
Adjustments | (4,450) |
2,690 | |
Less: | |
RAYE Amounts credited to the appropriation account after March 31 | 12,225 |
Net authority provided, end of year | (8,233) |
Authority limit | 20,000 |
Unused authority carried forward | 28,233 |
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Accounts receivable | |
Government of Canada | 11,705 |
Outside parties | 423 |
Other assets | 62 |
12,190 | |
Capital assets | 67 |
12,257 | |
Liabilities and net liabilities | |
Current | |
Account payable and accrued liabilities | |
Government of Canada | 122 |
Outside parties | 1,203 |
Other liabilities | 2,916 |
4,241 | |
Allowance for employee termination benefits | 6,301 |
10,542 | |
Accumulated net charge against the fund's authority | 1,302 |
Accumulated surplus (deficit) | 413 |
Net liabilities (note 7) | 1,715 |
12,257 |
in thousands of dollars | Forecast 2010 |
---|---|
Revenue | 54,958 |
Direct Costs | 1,600 |
Gross margin | 53,358 |
Operating expenses | |
Salaries and Employee Benefits | 38,042 |
Employee termination benefits payments | 669 |
Provision Severance benefits | 837 |
Occupancy Costs | 3,421 |
Corporate & Administrative Services | 3,279 |
Professional and special services | 1,982 |
Transportation and telecommunications | 908 |
Utilities, materials and supplies | 811 |
Interest on drawdown | 12 |
Rentals | 323 |
Amortization | 17 |
Other Expenses | 428 |
50,729 | |
Net results | 2,629 |
Net assets (liabilities), beginning of year | (1,220) |
Net financial resources used (provided) and change in the accumulated net charge against the Fund's account during the year | 306 |
Net assets (liabilities), end of year | 1,715 |
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | 2,629 |
Items not affecting use of the Fund's authority | |
Amortization | 17 |
Provision for employee termination benefits | 1,506 |
4,152 | |
Changes in working capital | (3,705) |
Payments on provision for employee termination benefits | (669) |
Net financial resources used by operating activities | (222) |
Investment activities | |
Leasehold improvement | (84) |
Net financial resources provided (used) by investment activities | (84) |
Net financial resources provided (used) and change in the accumulated net charge against the Fund's authority account, during the year | (306) |
Accumulated net charge against the Fund's authority account, beginning of year | (996) |
Accumulated net charge against the Fund's authority account, end of year | (1,302) |
The Consulting and Audit Canada Revolving Fund ("the Fund") is a Special Operating Agency that provides, on an optional and fee-for-service basis, consulting and audit services to federal departments and agencies. Upon request, these services are also provided to provincial, territorial, municipal and aboriginal governments in Canada, to foreign governments and to international organizations.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, capital acquisitions and the temporary financing of accumulated operating deficits, the total of which is not to exceed $20,000,000 at any time.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009/10, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Received General for Canada. The basis of accounting used in these financial statements differs from Canadian generally accepted accounting principles for the public sector because the employee termination benefits liability is based on management's estimate of this liability rather than based on actuarial valuations.
Significant accounting policies are as follows:
a) Forecasted revenue
Revenues on consulting and audit services performed by the Fund are earned primarily on a daily rate basis and are recognized as the services are provided.
For fixed price projects, revenues are recognized using the percentage of completion method based on the proportion of services provided at year end. Any losses on fixed price projects are recognized during the period they are identified.
b) Capital assets
Capital assets are recorded at their acquisition cost and amortized on a straight-line basis over the estimated useful life of each asset as follows;
Category | Estimated useful life | |
---|---|---|
Informatics hardware | 3 to 5 years | |
Informatics software | 3 to 5 years | |
Leasehold improvements | Lesser of the remaining term of the occupancy instrument or useful life of the improvement |
c) Pension plan
Employees of the Fund are covered by the Public Service Superannuation Act and the Supplementary Retirement Benefits Act. The Government of Canada's portion of the pension cost is included in the employee benefits charge assessed against the Fund. The actual payment of the pension is made from the Public Service Superannuation and Supplementary Retirement Benefits
Accounts.
d) Employee termination benefits, vacation pay and time-off in lieu
Termination benefits accrue to employees over their years of service with the Government of Canada as provided for under collective agreements, and the estimated costs of these benefits are recorded in the accounts as they are earned by the employees.
The liability for vacation pay and compensatory leave is calculated at the salary levels in effect at the end of the forecasted year for all unused vacation pay and time-off-in-lieu benefits accruing to employees.
e) Accounts receivables and advances
Accounts receivables and advances are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.
f) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives.
At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Goods and Services Tax refundable advances | 43 |
Other advances | 19 |
62 |
in thousands of dollars | |||
---|---|---|---|
Capital assets | Balance beginning of year |
Acquisitions | Balance end of year |
Informatics hardware | 413 | 0 | 413 |
Informatics software | 288 | 0 | 288 |
Leasehold improvements | 683 | 84 | 767 |
1,384 | 84 | 1,468 | |
Accumulated amortization | Balance beginning of year |
Current year amortization |
Balance end of year |
Informatics hardware | 413 | 0 | 413 |
Informatics software | 288 | 0 | 288 |
Leasehold improvements | 683 | 17 | 700 |
1,384 | 17 | 1,401 | |
Net | - | 67 |
The accumulated surplus (deficit) is the accumulation of each fiscal year's surpluses and deficits since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Accumulated surplus (deficit), beginning of year | (2,216) |
Net results | 2,629 |
Accumulated surplus (deficit), end of year | 413 |
Accumulated net charge against the Fund's authority account, end of year | 1,302 |
1,715 |
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Consulting services | 25,181 |
Audit services | 29,777 |
54,958 |
The Fund leases its premises under occupancy instruments. An occupancy instrument is a formal agreement between the Fund and Public Works and Government Services Canada recording the specific details of an individual occupancy and the terms and conditions that govern the provision and occupancy of the accommodation. Expected future payments for the existing occupancy instruments are as follows:
in thousands of dollars | |
---|---|
Year ending March 31, 2010 | 1,868 |
2011 | 1,747 |
2012 | 1,750 |
2013 | 1,705 |
2014 | 930 |
8,000 |
The Fund's financial instruments consist of cash in transit, accounts receivable and accounts payable. The carrying values of these future-oriented financial instruments approximate their fair value because of their short terms to maturity. Unless otherwise noted, it is management's opinion that the Fund is not exposed to significant interest, currency or credit risk arising from these financial instruments.
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.
Responsibility for the compilation, content, and presentation of the accompanying future-oriented financial information for the year ended March 31, 2010 rests with the Revolving Fund management. The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The future-oriented financial information is submitted for Part III of Estimates (Report on Plans and Priorities), and can be compared with actual results presented in Public Works and Government Services' Departmental Performance Report.
Management is responsible for the integrity and objectivity of the information contained in future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. Much of the future-oriented financial information is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material. In addition, the reader should be informed that the organization is preparing these statements as part of a two year pilot project and readers should be cautioned that this is the first year of the pilot.
MIKE HAWKES, Chief Financial Officer
Finance Branch
Public Works and Government Services Canada
LILIANE SAINT-PIERRE, Assistant Deputy Minister
Acquisition Branch
Public Works and Government Services Canada
in thousands of dollars | Forecast 2010 |
---|---|
Net results | - |
Add: items not requiring use of funds | - |
Operating source (use) of funds | - |
Less: items requiring use of funds | |
Net other assets and liabilities | - |
Authority provided | - |
in thousands of dollars | Forecast 2010 |
---|---|
Debit balance in the accumulated net charge against the Fund's authority | (5,222) |
Add: | |
PAYE charges against the appropriation account after March 31 | 3,456 |
Less: | |
Amounts credited to the appropriation account after March 31 | 800 |
Net authority provided, end of year | (2,566) |
Authority limit (note 1) | 35,000 |
Unused authority carried forward | 37,566 |
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Accounts receivable | |
Government of Canada | 800 |
Outside parties | 2,680 |
3,480 | |
Liabilities and net liabilities | |
Current | |
Account payable and accrued liabilities | |
Government of Canada | 100 |
Outside parties | 3,200 |
Other liabilities | 156 |
3,456 | |
Allowance for employee termination benefits | 800 |
4,256 | |
Net liabilities (note 5) | (776) |
3,480 | |
Contractual obligation (note 6) |
in thousands of dollars | Forecast 2010 |
---|---|
Revenue (note 8) | 102,553 |
Direct Costs | 95,901 |
Gross margin | 6,652 |
Operating expenses | |
Salaries and employee benefits | 3,430 |
Professional and special services | 1,884 |
Corporate and administrative servicess | 527 |
Occupancy Costs | 478 |
Transportation and telecommunications | 1 |
Utilities, materials and supplies | 3 |
Other expenses | 329 |
6,652 | |
Net results | - |
Net liabilities, beginning of year | (776) |
Net financial resources used (provided) and change in the accumulated net charge against the Fund's authority account, during the year | - |
Net liabilities, end of year | (776) |
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | - |
Items not affecting use of the Fund's authority | - |
- | |
Net financial resources provided by operating activities | - |
Net financial resources provided (used) and change in the accumulated net charge against the Fund's authority account, during the year | - |
Accumulated net charge against the Fund's authority account, beginning of year | 6,257 |
Accumulated net charge against the Fund's authority account, end of year | 6,257 |
The Optional Services Revolving Fund ("the Fund") provides specialized services to client departments, such as communication procurement services, travel management services, central removal services and central freight services. The Fund also procures vaccines and drugs on behalf of provinces and territories.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, capital acquisitions and the temporary financing of accumulated operating deficits, the total of which is not to exceed $35,000,000 at any time.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009/10, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The basis of accounting used in these future-oriented financial statements differs from Canadian generally accepted accounting principles for the Public Sector because the employee termination benefits liability is based on management's estimate of this liability rather than based on actuarial valuations.
Significant accounting policies are as follows:
a) Forecasted revenue
Recoveries from the vaccine program are recognized using a blended rate established by fixed price contracts and based on the proportion of total goods delivered at year end. Any losses on the fixed price contracts are recognized during the period in which they are identified.
Revenues earned on communication, printing and audio-visual services are recognized using the completed contract method.
Traffic management recoveries consist of travel commissions, central freight and central removal services. Travel commissions and central removal services recoveries are recognized based on service utilization whereas central freight recoveries are recognized as service provider costs are provided to the Fund.
b) Capital assets
Capital assets are recorded at their acquisition cost and amortized on a straight-line basis over the estimated useful life of each asset. All capital assets were fully amortized at the time to prepare these future-oriented financial statements.
c)Pension plan
Employees of the Fund are covered by the Public Service Superannuation Act and the Supplementary Retirement Benefits Act. The Government of Canada's portion of the pension cost is included in the employee benefits charge assessed against the Fund. The actual payment of the pension is made from the Public Service Superannuation and Supplementary Retirement Benefits
Accounts.
Current legislation does not require the fund to make any contribution for any actuarial deficiency of the Plan.
d) Employee termination benefits, vacation pay and time-off in lieu
Termination benefits accrue to employees over their years of service with the Government of Canada as provided for under collective agreements, and the estimated costs of these benefits are recorded in the accounts as they are earned by the employees.
The liability for vacation pay and compensatory leave is calculated at the salary levels in effect at the end of the forecasted year for all unused vacation pay and time-off-in-lieu benefits accruing to employees.
e) Accounts receivables and advances
Accounts receivables and advances are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.
f) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This
uncertainty increases as the forecast horizon extends.
The accumulated surplus is the accumulation of each fiscal year's surpluses, net of deficits, since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | Forecast 2010 |
---|---|
Accumulated surplus, beginning of year | 5,481 |
Net results | - |
Accumulated surplus, end of year | 5,481 |
Accumulated net charge against the Fund's authority account, end of year | (6,257) |
(776) |
The Fund leases its premises under an occupancy instrument. An occupancy instrument is a formal agreement between the Fund and Public Works and Government Services Canada recording the specific details of an individual occupancy and the terms and conditions that govern the provision and occupancy of the accommodation. Expected future payments for the existing occupancy instrument are as follows:
in thousands of dollars | |
---|---|
Year ending March 31, 2010 | 460 |
2011 | 463 |
2012 | 466 |
2013 | 468 |
2014 | 79 |
1,936 |
The accumulated surplus (deficit) is the accumulation of each fiscal year's surpluses and deficits since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | Forecast 2010 |
---|---|
Vaccine program recoveries | 65,000 |
Traffic management recoveries | 35,053 |
Communication, printing and audio-visual recoveries | 2,500 |
102,553 |
The Fund's financial instruments consist of cash in transit, accounts receivable and accounts payable. The carrying values of these future-oriented financial instruments approximate their fair value because of their short terms to maturity. Unless otherwise noted, it is management's opinion that the Fund is not exposed to significant interest, currency or credit risk arising from these financial instruments.
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.
Responsibility for the compilation, content, and presentation of the accompanying future-oriented financial information for the year ended March 31, 2010 rests with the Revolving Fund management. The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada which are consistent with Canadian generally accepted accounting principles for the public sector. The future-oriented financial information is submitted for Part III of Estimates (Report on Plans and Priorities), and can be compared with actual results presented in Public Works and Government Services' Departmental Performance Report.
Management is responsible for the integrity and objectivity of the information contained in future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. Much of the future-oriented financial information is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material. In addition, the reader should be informed that the organization is preparing these statements as part of a two year pilot project and readers should be cautioned that this is the first year of the pilot.
MIKE HAWKES, Chief Financial Officer
Finance Branch
Public Works and Government Services Canada
JOHN MCBAIN, Associate Assistant Deputy Minister
Real Property Branch
Public Works and Government Services Canada
in thousands of dollars | Forecast 2010 |
---|---|
Net results | 5,200 |
Less: items requiring use of funds | - |
Authority provided | 5,200 |
The accompanying notes form an integral part of these future-oriented statements
in thousands of dollars | Forecast 2010 |
---|---|
Debit balance in the accumulated net charge against the Fund's authority | (1,549) |
Add: | |
Deposits on disposals | 240 |
Net authority provided, end of year | (1,309) |
Authority limit (note 1) | 5,000 |
Unused authority carried forward | 6,309 |
The accompanying notes form an integral part of these future-oriented statements
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Work in process | 3,691 |
3,691 | |
Liabilities and net assets | |
Current | |
Deposits on disposals | 240 |
Net assets (note 5) | 3,451 |
3,691 |
The accompanying notes form an integral part of these future-oriented statements
in thousands of dollars | Forecast 2010 |
---|---|
Revenues | 8,000 |
Operating expenses | |
Fees | 1,540 |
Disbursements | 1,260 |
2,800 | |
Net results | 5,200 |
Net assets, beginning of year | 3,441 |
Transfer of part of the accumulated surplus to the Consolidated Revenue Fund (note 1) | (5,200) |
Net financial resources used and change in the accumulated net chare against the Fund's authority account, during the year | 10 |
Net assets, end of year | 3,451 |
The accompanying notes form an integral part of these future-oriented statements
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | 5,200 |
Changes in working capital | (10) |
Net financial resources provided by operating activities | 5,190 |
Financing activity | |
Transfer of part of the accumulated surplus to the Consolidated Revenue Fund (note 1) | (5,200) |
Net financial resources used by the financing activity | (5,200) |
Net financial resources used and change in the accumulated net charge against the Fund's authority account, during the year | (10) |
Accumulated net charge against the Fund's authority account, beginning of year | 1,559 |
Accumulated net charge against the Fund's authority account, end of year (note 5) | 1,549 |
The accompanying notes form an integral part of these future-oriented statements
The Real Property Disposition Revolving Fund ("the Fund") provides, on a cost recovery basis, routine disposals of real property assets no longer required in order to generate revenue for the Crown.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, the total of which is not to exceed $5,000,000 at any time.
All proceeds of sale are deposited to the Consolidated Revenue Fund net of disposal costs and expenses. In accordance with the terms and conditions approved by the Treasury Board, any year end accumulated surplus in the Fund in excess of $5,000,000 is deposited to the Consolidated Revenue Fund. The amount forecasted to be transferred to the Consolidated Revenue Fund for 2009Â-2010 is $5,200,000.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009-2010, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada, which are consistent with Canadian generally accepted accounting principles for the public sector.
Significant accounting policies are as follows:
a) Forecasted revenue
Revenues are recognized in the period in which both the title is transferred to the purchaser and the full payment is received by the Fund.
b) Work in Progress
Work in process includes labour and disbursements incurred for services performed or goods delivered for sales or transfers of properties not finalized at the fiscal year end.
c) Deposits on disposal
Deposits on disposals represent receipts on future disposals of properties that are not closed at the fiscal year end.
d) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This
uncertainty increases as the forecast horizon extends.
The accumulated surplus is the accumulation of each fiscal year's surpluses since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | Forecast 2010 |
---|---|
Accumulated surplus, beginning of year | 5,000 |
Net results | 5,200 |
Transfer of part of the accumulated surplus to the Consolidated Revenue Fund (note 1) | (5,200) |
Accumulated surplus, end of year | 5,000 |
Accumulated net charge against the Fund's authority acccount, end of year | (1,549) |
3,451 |
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.
Responsibility for the compilation, content, and presentation of the accompanying future-oriented financial information for the year ended March 31, 2010 rests with the Revolving Fund management. The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The future-oriented financial information is submitted for Part III of Estimates (Report on Plans and Priorities), and can be compared with actual results presented in Public Works and Government Services' Departmental Performance Report.
Management is responsible for the integrity and objectivity of the information contained in future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. Much of the future-oriented financial information is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material. In addition, the reader should be informed that the organization is preparing these statements as part of a two year pilot project and readers should be cautioned that this is the first year of the pilot.
MIKE HAWKES, Chief Financial Officer
Finance Branch
Public Works and Government Services Canada
JOHN MCBAIN, Associate Assistant Deputy Minister
Real Property Branch
Public Works and Government Services Canada
in thousands of dollars | Forecast 2010 |
---|---|
Net results | - |
Add: items not requiring use of funds | - |
Operating source of funds | - |
Add: Recovery of net draw down authority used (note 1) | - |
- | |
Less: items requiring use of funds | |
Net other assets and liabilities | - |
Authority provided | - |
Accompanying notes are an integral part of the financial statements.
in thousands of dollars | Forecast 2010 |
---|---|
Debit balance in the accumulated net charge against the Fund's authority | (15,641) |
Add: | |
PAYE charges against the appropriation account after March 31 | 233,304 |
Less: | |
Amounts credited to the appropriation account after March 31 | 207,989 |
Net authority provided, end of year | 10,000 |
Drawdown Authority limit | 150,504 |
Unused authority carried forward | 140,504 |
Accompanying notes are an integral part of the financial statements
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Accounts receivable | |
Government of Canada | 198,000 |
External clients | 18,910 |
Other assets (note 5) | 9,989 |
226,899 | |
Capital assets | |
Total Assets | 226,899 |
Liabilities and net liabilities | |
Current Accounts payable and accrued liabilities | |
Government of Canada | 5,544 |
Outside parties | 221,760 |
Other liabilities | 6,000 |
233,304 | |
Allowance for employee termination benefits | 8,008 |
Total liabilities | 241,312 |
Net liabilities (note 6) | (14,413) |
Total Liabilities and Net liabilities | 226,899 |
Accompanying notes are an integral part of the financial statements
in thousands of dollars | Forecast 2010 |
---|---|
Gross Revenues (note 8) | 1,338,809 |
Recoverable disbursements made on behalf of clients | 947,402 |
Net Revenues | 391,407 |
Operating expenses | |
Salaries and employee benefits | 236,193 |
Employee termination benefits | 3,000 |
Real Property Indirect Costs | 78,281 |
Corporate and administrative services | 50,013 |
Occupancy Costs | 15,221 |
Provisions and claims for other expenses | 8,698 |
391,407 | |
Net results | - |
Net liabilities, beginning of year | (23,636) |
Net Results | - |
Net financial resources used and change in the Accumulated net charge against the Fund's authority account, during the year | 9,224 |
Net liabilities, end of year | (14,413) |
Accompanying notes are an integral part of the financial statements
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | - |
Items not affecting use of the Fund's authority | - |
Provision for employee termination benefits | 3,000 |
3,000 | |
Changes in working capital | (9,224) |
Payment made: Provision for employee termination benefits | (3,000) |
Net financial resources provided (used) by operating activities | (9,224) |
Net financial resources used and change in the account, during the year | (9,224) |
Accumulated net charge against the Fund's authority account, beginning of year | 24,864 |
Accumulated net charge against the Fund's authority account, end of year | 15,641 |
Accompanying notes are an integral part of the financial statements
The Real Property Services Revolving Fund ("the Fund") provides, on a fee-for-service basis, optional real property services to other custodian departments and to other departments and agencies requesting services over and above those provided under the Federal Accommodation and Holdings Service Line program. More specifically, the Fund looks after architectural and engineering activities, property management, holdings and divestiture, and support services.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, capital acquisitions and the temporary financing of accumulated operating deficits, the total of which is not to exceed $150,000,000 at any time.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009/10, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The basis of accounting used in these future-oriented financial statements differs from Canadian generally accepted accounting principles for the public sector because the employee termination benefits liability is based on management's estimate of this liability rather than based on actuarial valuations.
Significant accounting policies are as follows:
a) Forecasted revenue
Revenues earned on professional and technical services performed and revenues to recover disbursements made on behalf of other government departments and outside parties are recognized as costs are incurred by the Fund.
b) Forecasted expenses
Overhead chargeback, corporate and administrative services and occupancy costs are based on the budgeted direct service delivery personnel costs as determined in the Budget Framework for the Fund and the Federal Accommodation and Holdings Program Activities of Public Works and Government Services Canada.
c) Inventories
Inventories are valued at cost and are recorded on a first-in, first-out basis.
d) Pension Plan
Employees of the Fund are covered by the Public Service Superannuation Act and the Supplementary Retirement Benefits Act. The Government of Canada's portion of the pension cost is included in the employee benefits charge assessed against the Fund. The actual payment of the pension is made from the Public Service Superannuation and Supplementary Retirement Benefits
Accounts.
Current legislation does not require the fund to make any contribution for any actuarial deficiency of the Plan.
e) Employee termination benefits, vacation pay and time-off in lieu
Termination benefits accrue to employees over their years of service with the Government of Canada as provided for under collective agreements, and the estimated costs of these benefits are recorded in the accounts as they are earned by the employees.
The liability for vacation pay and compensatory leave is calculated at the salary levels in effect at the end of the forecasted year for all unused vacation pay and time-off-in-lieu benefits accruing to employees.
f) Accounts receivables and advances
Accounts receivables and advances are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.
g) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This
uncertainty increases as the forecast horizon extends.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Goods and Services Tax refundable advances | 9,979 |
Prepaid expenses | 10 |
9,989 |
The accumulated surplus (deficit) is the accumulation of each fiscal year's surpluses and deficits since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Accumulated surplus, beginning of year | 1,228 |
Net results | - |
Accumulated surplus (deficit), end of year | 1,228 |
Accumulated net charge against the Fund's authority account, end of year | (15,641) |
(14,413) |
The Fund is engaged in contractual obligations for property services. Expected future payments are as follows:
in thousands of dollars | |
---|---|
Year ending March 31, 2010 | 41,112 |
2011 | 20,411 |
2012 | 18,469 |
2013 | 18,000 |
2014 and thereafter | 67,389 |
165,381 |
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Recovery of goods and services procured | 947,402 |
Professional Technical Services Fees | 391 407 |
1,338,809 |
The Fund's financial instruments consist of cash in transit, accounts receivable and accounts payable. The carrying values of these future-oriented financial instruments approximate their fair value because of their short terms to maturity. Unless otherwise noted, it is management's opinion that the Fund is not exposed to significant interest, currency or credit risk arising from these financial instruments.
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.
Responsibility for the compilation, content, and presentation of the accompanying future-oriented financial information for the year ended March 31, 2010 rests with the Revolving Fund management. The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The future-oriented financial information is submitted for Part III of Estimates (Report on Plans and Priorities), and can be compared with actual results presented in Public Works and Government Services' Departmental Performance Report.
Management is responsible for the integrity and objectivity of the information contained in future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. Much of the future-oriented financial information is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material. In addition, the reader should be informed that the organization is preparing these statements as part of a two year pilot project and readers should be cautioned that this is the first year of the pilot.
MIKE HAWKES, Chief Financial Officer
Finance Branch
Public Works and Government Services Canada
MAURICE CHÉNIER, A/Chief Executive Officer
Informatics Technology Services Branch
Public Works and Government Services Canada
in thousands of dollars | Forecast 2010 |
---|---|
Net results | (5,448) |
Add: items not requiring use of funds | |
Amortization | 3,248 |
Other miscellaneous items | - |
Operating source of funds | (2,200) |
Expenses related to projects subject to funding approval (note 1) | 3,890 |
3,890 | |
Authority provided (used) | (6,090) |
in thousands of dollars | Forecast 2010 |
---|---|
Balance in the accumulated net charge against the Fund's authority account | 1,935 |
Add: | |
PAYE charges against the appropriation account after March 31 | 80,487 |
Less: | |
Amounts credited to the appropriation account after March 31 | 82,885 |
Net authority used (provided), end of year | (463) |
Drawdown Authority limit (note 1) | 20,000 |
Unused authority carried forward | 20,463 |
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Accounts receivable | |
Government of Canada | 79,667 |
External clients | 1,394 |
Other assets (note 5) | 3,950 |
85,011 | |
Capital assets- (note 6) | 9,038 |
Total Assets | 94,049 |
Liabilities and Net Liabilities | |
Current | |
Accounts payable and accrued liabilities | |
Government of Canada | 627 |
Outside parties | 79,860 |
Other Allowances | 1,792 |
82,279 | |
Allowance for employee termination benefits | 7,884 |
Other liabilities | 4,544 |
Total Liabilities | 94,706 |
Net Liabilities (note 7) | (657) |
Total Liabilities and Net liabilities | 94,049 |
in thousands of dollars | Forecast 2010 |
---|---|
Revenues | 290,330 |
Cost of sales | 197,520 |
Gross margin | 92,810 |
Operating expenses | |
Salaries and employee benefits | 35,836 |
Employee termination benefits | 807 |
Professional and special services | 35,018 |
Corporate and administrative services | 3,763 |
Occupancy costs | 1,434 |
Transportation and telecommunications | 9,273 |
Purchased repairs and maintenance | 6,214 |
Utilities, materials and supplies | 2,310 |
Amortization | 3,248 |
Rentals | 334 |
Other expenses | 21 |
98,258 | |
Net results | (5,448) |
Net assets (liabilities), beginning of year | 2,597 |
Net financial resources used and change in the accumulated net charge against the Fund's authority account, during the year | 6,084 |
Expenses related to projects subject to funding approval (note 1) | (3,890) |
Net assets (liabilities), end of year | (657) |
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | (5,448) |
Expenses related to projects subject to funding approval (note 1) | (3,890) |
(9 338) | |
Items not affecting use of the Fund's authority | |
Amortization | 3,248 |
Employee Termination Benefits | 807 |
(5,283) | |
Changes in working capital | 6 |
Provision for employee termination benefits | (807) |
Net financial resources provided (used) by operating activities | (6,084) |
Net financial resources used and change in the accumulated net charge against the Fund's authority account, during the year | (6,084) |
Accumulated net charge against the Fund's authority account, beginning of year | 4,149 |
Accumulated net charge against the Fund's authority account, end of year | (1,935) |
The Telecommunications and Informatics Common Services Revolving Fund ("the Fund") provides network and infrastructure services, voice telecommunications services, satellite services, managed services and information technology security services.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, capital acquisitions and the temporary financing of accumulated operating deficits, the total of which is not to exceed $20,000,000 at any time.
The Fund will use its accumulated surplus during fiscal year 2009-2010 for investments in infrastructure and the development of new products.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009/10, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The basis of accounting used in these future-oriented financial statements differs from Canadian generally accepted accounting principles for the public sector because the employee termination benefits liability is based on management's estimate of this liability rather than based on actuarial valuations.
Significant accounting policies are as follows:
a) Revenue recognition
Revenues earned on telecommunications and informatics services are recognized as costs are incurred by the Fund. Revenues earned on goods purchased from telecom suppliers on behalf of customers are recognized when the goods are delivered to other government departments or outside parties.
b) Capital assets
Capital assets are recorded at their acquisition cost and amortized on a straight-line basis over the estimated useful life of each asset as follows:
Category | Estimated useful life |
---|---|
Informatics hardware | 3 to 5 years |
Informatics software | 3 to 5 years |
Assets under construction | Once in service, in accordance with asset class |
c) Pension plan
Employees of the Fund are covered by the Public Service Superannuation Act and the Supplementary Retirement Benefits Act. The Government of Canada's portion of the pension cost is included in the employee benefits charge assessed against the Fund. The actual payment of the pension is made from the Public Service Superannuation and Supplementary Retirement Benefits
Accounts.
Current legislation does not require the fund to make any contribution for any actuarial deficiency of the Plan.
d) Employee termination benefits, vacation pay and time-off in lieu
Termination benefits accrue to employees over their years of service with the Government of Canada as provided for under collective agreements, and the estimated costs of these benefits are recorded in the accounts as they are earned by the employees.
The liability for vacation pay and compensatory leave is calculated at the salary levels in effect at the end of the year for all unused vacation pay and time-off-in-lieu benefits accruing to employees.
e) Accounts receivables and advances
Accounts receivables and advances are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.
f) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This
uncertainty increases as the forecast horizon extends.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
GST refundable advances | 3,950 |
3,950 |
in thousands of dollars | |||
---|---|---|---|
Balance beginning of year |
Acquisitions | Balance end of year |
|
Informatics hardware | 26,786 | 6,436 | 33,222 |
Informatics software | 660 | 660 | |
Assets under construction | 6,436 | (6,436) | - |
33,882 | - | 33,882 |
in thousands of dollars | |||
---|---|---|---|
Accumulated amortization | Balance beginning of year |
Current year amortization |
Balance end of year |
Informatics hardware | 20,937 | 3,248 | 24,186 |
Informatics software | 632 | 27 | 659 |
21,569 | 3,275 | 24,844 | |
Net | 12,313 | 3,275 | 9,038 |
The accumulated surplus is the accumulation of each fiscal year's surpluses, net of deficits, since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Accumulated surplus, beginning of year | 6,746 |
Net results | (5,440) |
Expenses related to projects subject to funding approval | (3,890) |
Accumulated deficit, end of year | (2,592) |
Accumulated net charge against the Fund's authority account,end of year | 1,935 |
(657) |
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Data network infrastructure services | 198,250 |
Voice network services | 25,690 |
IT Security Services | 61,500 |
Email & Directory Services | 4,890 |
290,330 |
The Fund's financial instruments consist of cash in transit, accounts receivable and accounts payable. The carrying values of these future-oriented financial instruments approximate their fair value because of their short terms to maturity. Unless otherwise noted, it is management's opinion that the Fund is not exposed to significant interest, currency or credit risk arising from these financial instruments.
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.
Responsibility for the compilation, content, and presentation of the accompanying future-oriented financial information for the year ended March 31, 2010 rests with the Revolving Fund management. The future-oriented financial information has been prepared by management in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The future-oriented financial information is submitted for Part III of Estimates (Report on Plans and Priorities), and can be compared with actual results presented in Public Works and Government Services' Departmental Performance Report.
Management is responsible for the integrity and objectivity of the information contained in future-oriented financial information and for the process of developing assumptions. Assumptions and estimates are based upon information available and known to management at the time of development, reflect current business and economic conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. Much of the future-oriented financial information is based on these assumptions, best estimates, and judgment and gives due consideration to materiality. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. However, as with all such assumptions, there is a measure of uncertainty surrounding them. This uncertainty increases as the forecast horizon extends.
The actual results achieved for the fiscal years covered in the accompanying future-oriented financial information will vary from the information presented and the variations may be material. In addition, the reader should be informed that the organization is preparing these statements as part of a two year pilot project and readers should be cautioned that this is the first year of the pilot.
MIKE HAWKES, Chief Financial Officer
Finance Branch
Public Works and Government Services Canada
FRANCINE KENNEDY, Chief Executive Officer
Translation Bureau
Public Works and Government Services Canada
in thousands of dollars | Forecast 2010 |
---|---|
Net results | (3,868) |
Add: items not requiring use of funds | 1,506 |
Operating source (use) of funds | (2,362) |
Less: items requiring use of funds | |
Net capital acquisitions | 2,700 |
Authority provided (used) | (5,062) |
in thousands of dollars | Forecast 2010 |
---|---|
Debit balance in the Accumulated Net Charge Against the Fund's Authority | 5,477 |
Add: | |
PAYE charges against the appropriation account after March 31 | 6,010 |
Less: | |
Amounts credited to the appropriation account after March 31 | 22,084 |
Allocation from Treasury board | 1,500 |
Net authority provided, end of year | (12,097) |
Drawdown Authority limit | 10,000 |
Unused authority carried forward | 22,097 |
in thousands of dollars | Forecast 2010 |
---|---|
Assets | |
Current | |
Cash | 114 |
Accounts receivable | |
Government of Canada | 22,718 |
External clients | 454 |
Other assets (note 5) | 371 |
Deferred employee termination benefits - current portion | 1,500 |
25,156 | |
Deferred employee termination benefits | 4,271 |
Capital assets - Net (note 6) | 9,331 |
Total Assets | 38,758 |
Liabilities and Net liabilities | |
Current | |
Accounts payable and accrued liabilities | |
Government of Canada | 1,467 |
Outside parties | 12,838 |
Other liabilities | 4,643 |
18,948 | |
Allowance for employee termination benefits | 29,330 |
Total liabilities | 48,278 |
Net liabilities (note 7) | (9,520) |
Total Liabilities and Net liabilities | 38,758 |
in thousands of dollars | Forecast 2010 |
---|---|
Revenues (note 9) | 228,367 |
Operating expenses | |
Salaries and employee benefits | 148,723 |
Employee termination benefits | 2,245 |
Professional and special services | 50,449 |
Corporate and administrative services | 10,224 |
Occupancy Costs | 10,680 |
Transportation and telecommunications | 3,263 |
Amortization | 1,805 |
Utilities, materials and supplies | 3,445 |
Purchased repairs and maintenance | 1,165 |
Rentals | 128 |
Information | 79 |
Other expenses | 29 |
232,235 | |
Net results | (3,868) |
Net liabilities, beginning of year | (11,760) |
Net financial resources used (provided) and change in the accumulated net charge against the Fund's authority account, during the year | 6,108 |
Net liabilities, end of year | (9,520) |
in thousands of dollars | Forecast 2010 |
---|---|
Operating activities | |
Net results | (3,868) |
Items not affecting use of the Fund's authority | |
Amortization | 1,805 |
Provision for employee termination benefits | 2,245 |
182 | |
Changes in working capital | (2,544) |
Receipts on deferred employee termination benefits | 1,500 |
Payments on provision for employee termination benefits | (2,545) |
Net financial resources provided (used) by operating activities | (3,408) |
Investing activities | |
Capital assets - acquisitions (note 6) | (2,700) |
Net financial resources provided (used) by investing activities | (2,700) |
Net financial resources provided (used) and change in the accumulated net charge against the Fund's authority account, during the year | (6,108) |
Accumulated net charge against the Fund's authority account, beginning of year | 630 |
Accumulated net charge against the Fund's authority account, end of year (note 1) | (5,477) |
The Translation Bureau Revolving Fund ("the Fund") is a Special Operating Agency that provides, on a cost recovery basis, translation, technolinguistic and other linguistic services to the judiciary and federal departments and agencies and, upon request, to other governments in Canada and international organizations.
The Fund has a continuing non-lapsing authority from Parliament to make payments out of the Consolidated Revenue Fund for the purposes of working capital, capital acquisitions and the temporary financing of accumulated operating deficits, the total of which is not to exceed $10,000,000 at any time.
These future-oriented statements have been prepared:
While every attempt has been made to accurately forecast final result for 2009/10, actual results achieved are likely to vary from the forecast information presented, and this variation could be material.
Once the Report on Plans and Priorities is presented, the Fund will not be updating the forecasts for any changes to forecast financial information.
The future-oriented financial information has been prepared in accordance with Treasury Board accounting policies and the standards of the Receiver General for Canada. The basis of accounting used in these future-oriented financial statements differs from Canadian generally accepted accounting principles for the public sector because the employee termination benefits liability is based on management's estimate of this liability rather than based on actuarial valuations.
Significant accounting policies are as follows:
a) Forecasted revenue
Revenues from translation services performed by the Fund for other government departments and external clients are recognized using the percentage of completion method based on the proportion of services provided at year end.
Revenues from the Parliamentary Vote for translation services and revenues for interpretation services are recognized as costs are incurred by the Fund.
b) Capital assets
Capital assets are recorded at their acquisition cost and amortized on a straight-line basis over the estimated useful life of each asset as follows:
Category | Estimated useful life |
---|---|
Machinery and equipment | 3 to 20 years |
Informatics hardware | 3 to 5 years |
Informatics software | 3 to 5 years |
Assets under construction | Once in service, in accordance with asset class |
Leasehold improvements | Lesser of the remaining term of the occupancy instrument or useful life of the improvement |
c) Pension plan
Employees of the Fund are covered by the Public Service Superannuation Act and the Supplementary Retirement Benefits Act. The Government of Canada's portion of the pension cost is included in the employee benefits charge assessed against the Fund. The actual payment of the pension is made from the Public Service Superannuation and Supplementary Retirement Benefits
Accounts.
Current legislation does not require the fund to make any contribution for any actuarial deficiency of the Plan.
d) Employee termination benefits, vacation pay and time-off in lieu
Termination benefits accrue to employees over their years of service with the Government of Canada as provided for under collective agreements, and the estimated costs of these benefits are recorded in the accounts as they are earned by the employees.
An accrual was made for severance entitlements on service prior to April 1, 1995. The asset account "Deferred Employee Termination Benefits" represents benefits earned prior to April 1, 1995. The account is drawn down as benefits are paid to the related employees and become recoverable from the Treasury Board. The Treasury Board will continue to reimburse for termination benefits paid by the Bureau, for service prior to April 1, 1995, until March 31, 2010. After March 31, 2010, the Treasury Board has no further obligation to reimburse for benefits paid.
The liability for vacation pay and compensatory leave is calculated at the salary levels in effect at the end of the year for all unused vacation pay and time-off in lieu benefits accruing to employees.
e) Accounts receivables and advances
Accounts receivable and advances are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.
f) Measurement uncertainty
The preparation of the future-oriented financial information requires management to make estimates and assumptions that affect the amounts of all the assets, liabilities, revenues and expenses reported in the future-oriented financial statements. Assumptions are based upon information available and known to management at the time of development, reflect current business and economic
conditions, and assume a continuation of current governmental priorities and consistency in departmental mandate and strategic objectives. At the time of preparation of these future-oriented statements, management believes the estimates and assumptions to be reasonable. Nonetheless, as with all such estimates and assumptions, there is a measure of uncertainty surrounding them. This
uncertainty increases as the forecast horizon extends.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Goods and Services Tax refundable advances | 344 |
Other advances | 27 |
371 |
in thousands of dollars | |||||
---|---|---|---|---|---|
Capital assets | Balance beginning of year |
Transfers | Acquisitions | Write-off | Balance end of year |
Machinery and equipment | 114 | 114 | |||
Informatics hardware | 2,308 | 930 | 3,238 | ||
Informatics software | 14,137 | 4,021 | 18,158 | ||
Assets under construction | 2,251 | (4,021) | 1,770 | 0 | |
Leasehold improvements | 6,131 | 6,131 | |||
24,941 | 0 | 2,700 | 27,641 |
Accumulated amortization | Balance beginning of year |
Transfers | Current year amortization |
Write-off | Balance end of year |
Machinery and equipment | 80 | 9 | 89 | ||
Informatics hardware | 1,720 | 215 | 1,935 | ||
Informatics software | 11,181 | 1,386 | 12,567 | ||
Leasehold improvements | 3,524 | 195 | 3,719 | ||
16,505 | 1,805 | 18,310 | |||
Net | 8,436 | 9,331 |
The accumulated surplus (deficit) is the accumulation of each fiscal year's surpluses and deficits since the inception of the Fund. The accumulated net charge against the Fund's authority is the non-lapsing authority amount that has been used since the inception of the Fund.
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Accumulated surplus (deficit), beginning of year | (11,129) |
Net results | (3,868) |
Accumulated surplus (deficit), end of year | (14,997) |
Accumulated net charge against the Fund's authority account, end of year | 5,477 |
(9,520) |
The Fund leases its premises under occupancy instruments. An occupancy instrument is a formal agreement between the Fund and Public Works and Government Services Canada recording the specific details of an individual occupancy and the terms and conditions that govern the provision and occupancy of the accommodation. Expected future payments for the existing occupancy instruments are as follows:
in thousands of dollars | |
---|---|
Year ending March 31, 2010 | 3,384 |
2011 | 2,360 |
2012 | 777 |
2013 | 515 |
2014 | 301 |
7,337 |
in thousands of dollars | |
---|---|
Forecast 2010 |
|
Translation services | 223,767 |
Interpretation services | 3,300 |
Termium sales | 1,200 |
Other | 100 |
228,367 |
The Fund's financial instruments consist of cash in transit, accounts receivable and accounts payable. The carrying values of these future-oriented financial instruments approximate their fair value because of their short terms to maturity. Unless otherwise noted, it is management's opinion that the Fund is not exposed to significant interest, currency or credit risk arising from these financial instruments.
The Fund is related as a result of common ownership to all federal departments, agencies, and Crown corporations. The fund enters into transactions with these entities in the normal course of business and on normal trade terms. The results of these transactions are included in the future-oriented financial information.