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Table 5: Passport Canada Revolving Fund

5-A: Statement of Operations


($ millions) 2005–
2006
2006–
2007
2007–2008
Actual Actual Main Estimates Planned Spending Author-
ized
Actual
Respendable Revenue 195.9 231.5 239.2 239.2 239.2 289.7
Less Operating Expenses:            
Salaries and employee benefits 113.7 121.9 136.6 136.6 136.6 163.3
Employee termination benefits 2.3 1.9 2.4 2.4 2.4 2.4
Passport material 15.0 17.8 17.9 17.9 17.9 19.2
Passport operations at missions abroad 4.4 4.4 4.4 4.4 4.4 4.4
Accommodation 10.4 11.1 10.5 10.5 10.5 12.3
Professional and special services 7.1 8.2 9.6 9.6 9.6 13.3
Depreciation 12.6 12.5 14.5 14.5 14.5 12.4
Freight, express and cartage 17.9 21.3 24.6 24.6 24.6 27.8
Telecommunications 3.3 3.2 3.5 3.5 3.5 8.6
Printing, stationery and supplies 3.1 3.0 2.9 2.9 2.9 3.7
Other 9.3 11.3 9.2 9.2 9.2 17.4
             
Total operating expenses 199.4 216.6 236.0 236.0 236.0 285.0
             
Surplus (Deficit) (3.4) 14.9 3.2 3.2 3.2 4.8

Since the table above refers to the Revolving Fund's operating surplus or deficit and not to cash requirements, the Fund has been calculated through accrual accounting. Therefore, the cash expenditures in the estimates do not affect the operating balance, and other items that must be considered when calculating the surplus or deficit do not require a direct cash outlay. The two are reconciled in Table 5-B.
Due to rounding, figures may not add to totals shown.

5-B: Statement of Cash Flows


($ millions)

2005–2006

2006–2007

2007–2008

Actual

Actual

Main Estimates

Planned Spending

Author-
ized

Actual

Surplus (Deficit) (3.4) 14.9 3.2 3.2 3.2 4.8
Add non-cash items:            
Depreciation 12.6 12.5 14.5 14.5 14.5 12.4
Provision for employee termination benefits 1.6 1.6 - - - 1.8
Add cash inflows:            
TB funding: Security Strategy & Office of the Auditor General (OAG) 10.3 3.8 - - - -
Treasury Board funding for unprecedented increased demand for passports - - - - 55.0 31.7
Transfer of funds for National Integrated Information System - - - - 0.2 -
Changes in working capital (0.8) 4.6 (1.9) (1.9) (1.9) (10.9)
Investing activities:            
Acquisition of depreciable assets (6.7) (7.0) (9.8) (9.8) (64.9) (29.0)
Cash Surplus 13.7 30.4 6.1 6.1 6.1 10.8

Due to rounding, figures may not add to totals shown.

5-C: Projected Use of Authority


($ millions)

Actual
2005–2006

Actual
2006–2007

2007–2008

Main Estimates

Planned Spending

Author-
ized

Actual

Authority 1 4.0 4.0 4.0 4.0 4.0 4.0
Drawdown            
Balance as at April 1 16.7 30.3 29.7 29.7 29.7 60.8
Projected surplus 13.7 30.4 6.1 6.1 6.1 10.8
  30.3 60.8 35.7 35.7 35.7 71.6
Projected Balance at March 31 34.3 64.8 39.7 39.7 39.7 75.6

1. Four million dollars is the maximum amount that may be drawn down at any time from the Consolidated Revenue Fund.
Due to rounding, figures may not add to totals shown.