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Section III : Supplementary Information

Section III: Supplementary Information

Future-Oriented Statement of Operations

The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the WD's operations. The forecasted financial information on expenses and revenues are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.

Because the future-oriented statement of operations is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.

A more detailed future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, can be found on the WD website.25

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31 (dollars)
  Estimated Results 2013–14 Planned Results
2014–15
Change
Total expenses 194,564,476 148,992,654 (45,571,822)
Total revenues 2,670 3,071 401
Net cost of operations 194,561,806 148,989,583 (45,572,223)

WD's total expenses are $149.0 million in 2014–15, compared to $194.6 million in 2013–14. The $45.6 million decrease in total expenses includes decreases of $39.3 million in transfer payments and $6.3 million in other operating costs. The majority of these decreases are a result of the completion of Community Infrastructure Improvement Fund and Budget 2012 planned savings.

List of Supplementary Information Tables

The supplementary information tables listed in the 2014–15 Report on Plans and Priorities can be found on the WD website.26

Tax Expenditures and Evaluations

The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations27 publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.

 

Section IV: Organizational Contact Information

Western Economic Diversification Canada
1500 Canada Place 9700 Jasper Avenue Northwest
Edmonton, Alberta T5J 4H7
Canada
Telephone: 780-495-4164
Fax: 780-495-4557
Web: http://www.wd-deo.gc.ca/

 

Endnotes


[1] Treasury Board Secretariat Estimates Publications and Appropriation Acts,
http://publiservice.tbs-sct.gc.ca/ems-sgd/esp-pbc/esp-pbc-eng.asp.

[2] Selected Departmental Performance Reports for 2008–2009 – Department of Industry, Department of Transport. Report of the Standing Committee on Public Accounts, September 2010, http://www.parl.gc.ca/HousePublications/Publication.aspx?Mode=1&Parl=40&Ses=3&Language=E&DocId=4653561&File=0.

[3] Strengthening Parliamentary Scrutiny of Estimates and Supply. Report of the Standing Committee on Government and Operations Estimates, June 2012, http://www.parl.gc.ca/HousePublications/Publication.aspx?DocId=5690996&Language=E&Mode=1&Parl=41&Ses=1.

[4] Whole-of-government framework, http://publiservice.tbs-sct.gc.ca/ppg-cpr/frame-cadre-eng.aspx

[5] http://laws.justice.gc.ca/eng/acts/W-6.8/

[6] Includes the Northwest Territories, the Yukon and Nunavut.

[7] Statistics Canada, CANSIM Table 358-0161 Business enterprise research and development characteristics, by industry group based on the North American Industry Classification System, provinces and territories http://www5.statcan.gc.ca/cansim/a26?lang=eng&retrLang=eng&id=3580161&paSer=&pattern=&stByVal=1&p1=1&p2=38&tabMode=dataTable&csid

[8] Statistics Canada, CANSIM Table 384-0038 Gross Domestic Product, Expenditure-Based, Provincial and Territorial
http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=3840038

[9] http://www.budget.gc.ca/2013/doc/plan/chap3-4-eng.html

[10] http://www.ic.gc.ca/eic/site/icgc.nsf/vwapj/SandTstrategy.pdf/$file/SandTstrategy.pdf

[11] Natural Resources Canada, Defining the Opportunity: Assessing the Economic Impact of the Natural Resources Sector, September 2012.
http://www.scics.gc.ca/english/conferences.asp?a=viewdocument&id=1907

[12] http://www.international.gc.ca/economist-economiste/assets/pdfs/Data/facts-fiches/Provincial_Pfact_ENG.pdf

[13] http://international.gc.ca/global-markets-marches-mondiaux/index.aspx?lang=eng

[14] Canadian Association of Defence and Security Industries' KPMG report
https://app.box.com/s/qda8fnlf76cyadp3e6dn

[15] Jenkins Leveraging Military Procurement report
http://www.tpsgc-pwgsc.gc.ca/app-acq/documents/eam-lmp-eng.pdf

[16] "Full-time equivalent" (FTE) is a measure of the extent to which an employee represents a full person-year charge against a departmental budget. FTEs are calculated as a ratio of assigned hours of work to scheduled hours of work. Scheduled hours of work are set out in collective agreements.

[17] http://www.tbs-sct.gc.ca/ppg-cpr/frame-cadre-eng.aspx

[18] http://www.tbs-sct.gc.ca/ems-sgd/esp-pbc/me-bpd-eng.asp

[19] 2013–16 Federal Sustainable Development Strategy,
http://www.ec.gc.ca/dd-sd/default.asp?lang=En&n=A22718BA-1

[20] http://www.wd-deo.gc.ca/eng/12782.asp

[21] Federal Sustainable Development Strategy,
http://www.ec.gc.ca/dd-sd/Default.asp?lang=En&n=C2844D2D-1

[22] http://www.wd-deo.gc.ca/eng/11564.asp

[23] http://www.wd-deo.gc.ca/eng/11564.asp

[24] http://www.wd.gc.ca/eng/59.asp

[25] http://www.wd-deo.gc.ca/

[26] http://www.wd-deo.gc.ca/

[27] Government of Canada Tax Expenditures
http://www.fin.gc.ca/purl/taxexp-eng.asp