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Annex 1: Financial Statements of

 

 

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

 

 

Audited

 

 

For the Year Ended March 31, 2008

 

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
MANAGEMENT RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

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Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2008 and all information contained in these statements rests with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) management. These financial statements have been prepared by management in accordance with Treasury Board accounting policies which are consistent with Canadian generally accepted accounting principles for the public sector.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of FINTRAC's financial transactions. Financial information submitted to the Public Accounts of Canada and included in the FINTRAC's Departmental Performance Report is consistent with these financial statements.

Management maintains a system of financial management and internal control designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are in accordance with the Financial Administration Act, are executed in accordance with prescribed regulations, within Parliamentary authorities, and are properly recorded to maintain accountability of Government funds. Management also seeks to ensure the objectivity and integrity of data in its financial statements by careful selection, training and development of qualified staff, by organizational arrangements that provide appropriate divisions of responsibility, and by communication programs aimed at ensuring that regulations, policies, standards and managerial authorities are understood throughout FINTRAC.

The financial statements of FINTRAC have been audited by KPMG LLP.

 

_____________________________	_____________________________
Jeanne M. Flemming	Margaret Baxter
Director	Chief Financial Officer
FINTRAC	FINTRAC
Ottawa, Canada	Ottawa, Canada

 

 

KPMG LLP	Telephone (613) 212-KPMG (5764)
Chartered Accountants	Fax (613) 212-2896
Suite 2000	Internet www.kpmg.ca
160 Elgin Street
Ottawa, ON K2P 2P8
Canada

AUDITORS' REPORT TO THE DIRECTOR OF FINTRAC

We have audited the statement of financial position of the Financial Transactions and Report Analysis Centre of Canada (FINTRAC) as at March 31, 2008 and statements of operations, equity of Canada and cash flows for the year then ended. These financial statements have been prepared to comply with the accounting policies generally applied by the Government of Canada for government departments and agencies as stipulated in Treasury Board accounting policies. The significant accounting policies are disclosed in note 2 to the financial statements. These financial statements are the responsibility of the management of FINTRAC. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

In our opinion, these financial statements present fairly, in all material respects the financial position of FINTRAC as at March 31, 2008 and the results of its operations, the equity of Canada and its cash flows for the year then ended in accordance with the accounting policies as described in note 2 to the financial statements.

In our report dated September 17, 2007, we expressed a reservation of opinion on the financial statements for the year ended March 31. 2007, related to the recording of certain prepaid expenses and tangible capital asset additions as expenses of the year.

These financial statements, which have not been, and were not intended to be prepared in accordance with Canadian generally accepted accounting principles, are solely for the information and use of the management of FINTRAC and the Treasury Board of Canada Secretariat. The financial statements are not intended to be and should not be used by anyone other than the specified users or for any other purpose.

KPMG LLP
Chartered Accountants, Licensed Public Accountants
Ottawa, Canada
July 22, 2008

 

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
STATEMENT OF OPERATIONS (Audited)
For the year ended March 31, 2008

(In dollars)	2008	2007 (As restated, Note 3)
TRANSFER PAYMENTS
Egmont Group Secretariat	$1,300,000	-
Total Transfer Payments	$1,300,000	-
OPERATING EXPENSES
Salaries and employee benefits	32,019,815	$24,227,064
Amortization of tangible capital assets	3,952,774	2,338,897
Professional and special services	3,628,242	2,619,624
Accommodations	3,345,920	2,795,981
Repairs and maintenance	3,082,831	2,989,222
Travel and relocation	1,480,850	1,427,872
Telecommunication services	967,217	775,969
Utilities, materials and supplies	402,985	408,363
Communication services	252,077	310,368
Machinery and equipment	220,964	161,644
Other expenditures	157,110	3,563
Total Operating Expenses	$49,510,785	$38,058,567
NET COST OF OPERATIONS	$50,810,785	$38,058,567

The accompanying notes form an integral part of these financial statements.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
STATEMENT OF FINANCIAL POSITION (Audited)
At March 31, 2008

(In dollars)	2008	2007 (As restated, Note 3)
ASSETS
Financial assets
Accounts receivable and advances (Note 5)	$222,754	$404,978
Non-financial assets
Prepaid expenses	839,584	25,925
Tangible capital assets (Note 6)	19,773,739	17,411,167
	20,613,323	17,437,092
TOTAL ASSETS	20,836,077	$17,842,070
LIABILITIES AND EQUITY OF CANADA
Liabilities
Accounts payable and accrued liabilities	$7,232,873	$6,402,257
Vacation pay and compensatory leave	1,102,347	1,045,888
Employee severance benefits (Note 7)	5,715,238	4,690,581
	14,050,458	12,138,726
Equity of Canada	6,785,619	5,703,344
TOTAL LIABILITIES AND EQUITY OF CANADA	$20,836,077	$17,842,070

Contractual obligations (Note 8)
Contingent Liabilities (Note 9)

The accompanying notes form an integral part of these financial statements.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
STATEMENT OF EQUITY OF CANADA (Audited)
At March 31, 2008

(In dollars)	2008	2007 (As restated, Note 3)
EQUITY OF CANADA, BEGINNING OF YEAR	$5,703,344	$5,829,218
Net cost of operations	(50,810,785)	(38,058,567)
Current year appropriations used (Note 4)	51,122,424	39,419,958
Refund of previous year expenditures	(32,659)	(107,216)
Refund of vacation pay and compensatory leave	(3,529)	-
Change in net position in the Consolidated Revenue Fund (Note 4)	(1,012,840)	(2,764,071)
Services received without charge from other government departments (Note 10)	1,819,664	1,384,022
EQUITY OF CANADA, END OF YEAR	$6,785,619	$5,703,344

The accompanying notes form an integral part of these financial statements.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
STATEMENT OF CASH FLOW (Audited)
For the year ended March 31, 2008

(In dollars)	2008	2007 (As restated, Note 3)
OPERATING ACTIVITIES
Net cost of operations	$50,810,785	$38,058,567
Non-cash items:
Amortization of tangible capital assets (Note 6)	(3,952,774)	(2,338,896)
Services provided without charge by other government departments (Note 10)	(1,819,664)	(1,384,022)
Variations in Statement of Financial Position:
Increase (decrease) in accounts receivable and advances	(182,224)	333,205
Increase (decrease) in prepaid expenses	813,659	(44,428)
Increase in accounts payable and accrued liabilities	(830,616)	(3,511,713)
Increase in vacation pay and compensatory leave	(56,459)	(260,309)
Increase in employee severance benefits	(1,024,657)	(672,603)
Cash used by operating activities	43,758,050	30,179,801
CAPITAL INVESTMENT ACTIVITIES
Acquisitions of tangible capital assets (Note 6)	6,315,346	6,368,870
FINANCING ACTIVITIES
Net cash provided by government	$50,073,396	$36,548,671

The accompanying notes form an integral part of these financial statements.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

1. Authority and Objectives

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was established through the Proceeds of Crime (Money Laundering) Act in July 2000 as part of the National Initiative to Combat Money Laundering. This legislation established FINTRAC as a government agency and separate employer, named in Schedule 1.1 of the Financial Administration Act. Originally, the key objectives for FINTRAC were the detection and deterrence of laundering of proceeds of crime. However, with the enactment of the Anti-terrorism Act in December 2001, FINTRAC was given additional responsibilities and government funding to detect the financing of terrorist activities. With the Royal Assent of Bill C-25- An Act to amend the PCMLTFA and the Income Tax Act and to make a consequential amendment to another Act, the Centre's mandate has been changed and enhanced, namely through the addition of a registry for money services businesses and the expansion of other compliance measures, as well as disclosure authorities. In 2007-08, FINTRAC's mandate was further enhanced to include the National Anti-Drug Strategy.

FINTRAC fulfills its responsibilities by collecting, analyzing, assessing financial information and, where appropriate, disclosing information relevant to the investigation and prosecution of money laundering offences and the financing of terrorist activities.

FINTRAC's strategic outcome is "Financial Intelligence that contributes to the detection and deterrence of money laundering and terrorist activity financing in Canada and abroad" with one program being "Collection, Analysis and Dissemination of Financial Information".

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

2. Summary of Significant Accounting Policies

The financial statements have been prepared in accordance with Treasury Board accounting policies which are consistent with Canadian generally accepted accounting principles for the public sector.

Significant accounting policies are as follows:

(a) Parliamentary appropriations

FINTRAC is financed by the Government of Canada through Parliamentary appropriations. Appropriations provided to FINTRAC do not parallel financial reporting according to Canadian generally accepted accounting principles since appropriations are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and the Statement of Financial Position are not necessarily the same as those provided through appropriations from Parliament. Note 4 provides a high-level reconciliation between the bases of reporting.

(b) Net Cash Provided by Government

FINTRAC operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by FINTRAC is deposited to the CRF and all cash disbursements made by FINTRAC are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements including transactions between departments of the Federal Government.

(c) Consolidated Revenue Fund

Change in net position in the Consolidated Revenue Fund is the difference between the net cash provided by Government and appropriations used in a year. It results from timing differences between when a transaction affects appropriations and when it is processed through the CRF.

(d) Expenses

Expenses are recorded on the accrual basis:

• Contributions are recognized in the year in which the recipient has met the eligibility criteria or fulfilled the terms of a contractual transfer agreement.
• Vacation pay and compensatory leave are expensed as the benefits accrue to employees under their respective terms of employment.
• Services provided without charge by other government departments for employer's contributions to the health and dental insurance plans are recorded as operating expenses at their estimated cost.

(e) Employee future benefits

i. Pension benefits: Eligible employees participate in the Public Service Pension Plan, a multi-employer plan administered by the Government of Canada. FINTRAC's contributions to the Plan are charged to expenses in the year incurred and represent the total FINTRAC obligation to the Plan. Current legislation does not require the Centre to make contributions for any actuarial deficiencies of the Plan.

ii. Severance benefits: Employees are entitled to severance benefits under labour contracts or conditions of employment. These benefits are accrued as employees render the services necessary to earn them. The obligation relating to the benefits earned by employees is calculated using information derived from the results of the actuarially determined liability for employee severance benefits for the Government as a whole.

(f) Accounts receivables and advances

Accounts receivable are stated at amounts expected to be ultimately realized; a provision is made for receivables where recovery is considered uncertain.

(g) Tangible capital assets

All tangible capital assets and leasehold improvements having an initial cost of $5,000 or more are recorded at their acquisition cost. FINTRAC does not capitalize intangibles, works of art and historical treasures that have cultural, aesthetic or historical value, assets located on Indian Reserves and museum collections. Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the tangible capital asset as follows:

Asset Class	Amortization Period
Machinery and equipment	5 years
Informatics hardware	3 to 5 years
Informatics software	3 to 5 years
Other equipment, including furniture	3 to 10 years
Leasehold improvements	Lesser of remaining lease term and 10 years

(h) Contingent liabilities

Contingent liabilities are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.

(i) Measurement uncertainty

The preparation of these financial statements in accordance with Treasury Board accounting policies which are consistent with Canadian generally accepted accounting principles for the public sector, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. The most significant items where estimates are used are contingent liabilities, the liability for employee severance benefits and the useful life of tangible capital assets. Actual results could significantly differ from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

3. Change in accounting policy

In 2007-08, the Centre made changes to its accounting policy for tangible capital assets to better reflect the significant investment by the Centre in these assets. The change is the revision in approach from capitalizing assets on a component basis to a whole asset basis. These changes have been accounted for retroactively and amounts for 2006-07 have been restated to reflect the change in policy. The retroactive adjustment increases the 2006-07 amounts for tangible capital assets by $1,744,743 and accumulated amortization increases by $41,777.

These changes have been accounted for retroactively with the following impact on the comparative figures for 2006-07:

(In dollars)	Cost
	Opening balance as previously stated	Adjustments to Acquisitions	Revised Opening Balance
Machinery and equipment	$737,984	$123,758	$861,742
Informatics hardware	17,014,880	625,792	17,640,672
Informatics software	15,113,994	548,191	15,662,185
Other equipment, including furniture	3,435,064	369,802	3,804,866
Leasehold improvements	5,820,833	77,200	5,898,033
	$42,122,755	$1,744,743	43,867,498

(In dollars)	Accumulated Amortization
	Opening balance as previously stated	Amortization	Revised Opening Balance
Machinery and equipment	($611,620)	($3,678)	($615,298)
Informatics hardware	(12,806,877)	(27,720)	(12,834,597)
Informatics software	(8,726,235)	-	(8,726,235)
Other equipment, including furniture	(1,879,109)	(10,379)	(1,889,488)
Leasehold improvements	(2,390,713)	-	(2,390,713)
	($26,414,554)	($41,777)	($26,456,331)

Amortization expense for the year ended March 31, 2007 has been restated to $2,338,896 (previously stated as $2,297,119)

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

4. Parliamentary appropriations

FINTRAC receives most of its funding through annual Parliamentary appropriations. Items recognized in the Statement of Operations and the Statement of Financial Position in one year may be funded through Parliamentary appropriations in prior, current or future years. Accordingly, FINTRAC has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

(a) Reconciliation of net cost of operations to current year appropriations used:

(in dollars)	2008	2007 (As restated, Note 3)
Net cost of operations	$50,810,785	$38,058,567
Adjustments for items affecting net cost of operations but not affecting appropriations:
Add (Less):
Services provided without charge by other government departments (Note 10)	(1,819,664)	(1,384,022)
Amortization of tangible capital assets (Note 6)	(3,952,774)	(2,338,896)
Legal fees paid to Justice Canada	-	(414,437)
Refund of previous year expenditures	32,659	107,216
Refund of vacation pay and compensatory leave	3,529	-
Increase in vacation pay and compensatory leave liability	(56,459)	(260,309)
Increase in employee severance benefits liability	(1,024,657)	(672,603)
	(6,817,366)	(4,963,051)
Adjustments for items not affecting net cost of operations but affecting appropriations:
Add (Less):
Acquisitions of tangible capital assets (Note 6)	6,315,346	6,368,870
Increase (Decrease) in prepaid expenses	813,659	(44,428)
Current year appropriations used	$51,122,424	$39,419,958

(in dollars)	2008	2007
Appropriations provided:
Vote 25 - Operating expenditures	$41,312,000	-
Vote 25a - Supplementary	5,420,750	-
Vote 25b - Supplementary	238,000	-
Vote 25 - TBS adjustments	(729,000)	-
Vote 30 - Operating expenditures	-	28,110,000
Vote 30a - Supplementary	-	8,990,349
Vote 15 - Transfer from Treasury Board	311,000	7,000
Vote 22 - Operating budget carry forward	1,405,500	-
Vote 23 - Pay list Requirements	759,454	-
Statutory amounts	4,050,206	3,155,680
Less: Lapsed appropriations - Operating	(1,645,486)	(843,071)
Current year appropriations used	$51,122,424	$39,419,958

c. Reconciliation of net cash provided by Government to current year appropriations used:

(in dollars)	2008	2007 (As restated, Note 3)
Net cash provided by Government	$50,073,396	$36,548,671
Revenue not available for spending	32,659	107,216
Refund of vacation pay	3,529	-
Change in net position in the Consolidated Revenue Fund
Variation in accounts receivable and advances	182,224	(333,205)
Variation in accounts payable and accrued liabilities	830,616	3,511,713
Legal fees paid to Justice Canada	-	(414,437)
	1,012,840	2,764,071
Current year appropriations used	$51,122,424	$39,419,958

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

5. Accounts Receivable and Advances

(In dollars)	2008	2007
Receivables from other federal government departments and agencies	$206,780	$346,535
Receivables from external parties	10,724	52,693
Employee advances	5,250	5,750
	$222,754	$404,978

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

6. Tangible capital assets

(In dollars)	Cost
	Opening balance (As restated, Note 3)	Acquisitions	Disposals and write-offs	Closing balance
Machinery and equipment	$861,742	$18,064	-	$879,806
Informatics hardware	17,640,672	3,467,712	-	21,108,384
Informatics software	15,662,185	1,508,557	-	17,170,742
Other equipment, including furniture	3,804,866	791,285	-	4,596,151
Leasehold improvements	5,898,033	529,728	-	6,427,761
	$43,867,498	$6,315,346	-	$50,182,844

(In dollars)	Accumulated Amortization
	Opening balance (As restated, Note 3)	Amortization	Disposals and write-offs	Closing balance
Machinery and equipment	($615,298)	($63,061)	-	($678,359)
Informatics hardware	(12,834,597)	(1,140,929)	-	(13,975,526)
Informatics software	(8,726,235)	(1,648,389)	-	(10,374,624)
Other equipment, including furniture	(1,889,488)	(442,978)	-	(2,332,466)
Leasehold improvements	(2,390,713)	(657,417)	-	(3,048,130)
	($26,456,331)	($3,952,774)	-	($30,409,105)

(In dollars)	Net book value
	2007 (As restated, Note 3)	2008
Machinery and equipment	$246,444	$201,447
Informatics hardware	4,806,075	7,132,858
Informatics software	6,935,950	6,796,118
Other equipment, including furniture	1,915,378	2,263,685
Leasehold improvements	3,507,320	3,379,631
	17,411,167	$19,773,739

Amortization expense for the year ended March 31, 2008 is $3,952,774 ($2,338,896 in 2007)

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

7. Employee Benefits

(a) Pension benefits:

Eligible FINTRAC employees participate in the Public Service Pension Plan, which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of two per cent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Québec Pension Plans benefits and they are indexed to inflation.

Both the employees and the department contribute to the cost of the Plan. The 2007‑08 expense amounts to $3,669,486 ($2,696,580 in 2006‑07), which represents approximately 2.1 times (2.2 times in 2006-07) the contributions made by employees.

FINTRAC's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan's sponsor.

(b) Severance benefits:

FINTRAC provides severance benefits to its employees based on eligibility, years of service and final salary as per Treasury Board policy. These severance benefits are not pre-funded. Benefits will be paid from future appropriations. Information about the severance benefits, measured as at March 31, 2008 is as follows:

(In dollars)	2008	2007
Employee severance benefit liability, beginning of year	$4,690,581	$4,017,978
Expense for the year	1,308,848	922,665
Benefits paid during the year	(284,191)	(250,062)
Employee severance benefit liability, end of year	$5,715,238	$4,690,581

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

8. Contractual obligations

The nature of FINTRAC's activities can result in some large multi-year contracts and obligations whereby FINTRAC will be obligated to make future payments when the services are received. FINTRAC has entered into lease agreements with Public Works and Government Services Canada for office space in five locations across Canada. The minimum aggregate annual payments for future fiscal years are as follows:

(In thousands of dollars)
2008-09	$3,697
2009-10	1,443
2010-11	980
2011-12	170
2012-13	30
	$6,320

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

9. Contingent Liabilities

In the normal course of its operations, FINTRAC may become involved in various

legal actions. Some of these potential liabilities may become actual liabilities when one or more future events occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded on the government's consolidated financial statements. These estimated liabilities are not recognized on FINTRAC's financial statement as a liability until the amount of the liability is firmly established.

FINANCIAL TRANSACTIONS AND REPORTS ANALYSIS CENTRE OF CANADA
NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the year ended March 31, 2008

10. Related party transactions

FINTRAC is related as a result of common ownership to all Government of Canada departments, agencies, and Crown corporations. FINTRAC enters into transactions with these entities in the normal course of business and on normal trade terms. Also, during the year, FINTRAC received services which were obtained without charge from other Government departments as presented below.

(a) Services provided without charge:

During the year FINTRAC received without charge from other departments the employer's contribution to the health and dental insurance plans in the amount of $1,819,664 ($1,384,022 in 2006‑07).

The Government has structured some of its administrative activities for efficiency and cost-effectiveness purposes so that one department performs these on behalf of all without charge. The costs of these services, which include payroll and cheque issuance services provided by Public Works and Government Services Canada and audit services provided by the Office of the Auditor General, are not included as an expense in FINTRAC's Statement of Operations.

(b) Payables and receivables outstanding at year-end with related parties:

(in dollars)	2008	2007
Accounts receivable with other government departments and agencies	$206,780	$346,535
Accounts payable to other government departments and agencies	$814,922	$644,828

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