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The financial highlights presented within this Departmental Performance Report are intended to serve as a general overview of WD's financial position and operations. The WD's financial statements can be found on its website at: http://www.wd-deo.gc.ca/
Condensed Statement of Financial Position At End of Year (March 31, 2009) |
% Change | 2009 | 2008 |
---|---|---|---|
Assets | |||
Total Assets | -8% | $22,137 | $24,014 |
Total | -8% | $22,137 | $24,014 |
Liabilities | |||
Total Liabilities | -20% | $114,683 | $143,542 |
Equity | |||
Total Equity | 23% | $(92,546) | $(119,528) |
Total | -6% | $22,137 | $24,014 |
Condensed Statement of Financial Position At End of Year (March 31, 2009) |
% Change | 2009 | 2008 |
---|---|---|---|
Expenses | |||
Total Expenses | -5% | $242,539 | $255,512 |
Revenues | |||
Total Revenues | -85% | $1,569 | $10,621 |
Net Cost of Operations | -13% | $240,970 | $244,891 |
Total Assets were $22,137,000 at the end of 2008-2009, a decrease of 1,877,000 (8 per cent) over the previous
year's total assets of $24,014,000. Repayable contributions and prepayments (Loan and Investment Program) represent
the largest portion of assets at $18,926,000 or 85 per cent of total assets.
Total liabilities were $114,683,000 at the end of 2008-2009, a decrease of $28,859,000 (20 per cent) over
the previous year's total liabilities of $143,542,000. Transfer payments represent the largest portion of liabilities
at $100,786,000 or 88 per cent of total liabilities.
Total expenses for WD were $242,539,000 in 2008-2009. The majority of funds, $140,554,000 or 58 per
cent, were spent in fostering Entrepreneurship and Innovation; while fostering the community economic development in Western
Canada represents $87,565,000 or 36 per cent of total expenses.
All electronic supplementary information tables found in the 2008-2009 Departmental Performance Report can be found on the Treasury Board of Canada Secretariat's website at: http://www.tbs-sct.gc.ca/dpr-rmr/st-ts-eng.asp.
Table 1: Sources of Respendable and Non-Respendable Revenue
Table 2: User Fees/External Fees
Table 3: Details on Transfer Payment Programs (TPPs)
Table 4: Up-Front Multi-Year Funding (formerly Foundations (Conditional Grants))
Table 5: Horizontal Initiatives
Over the past year, Western Economic Diversification Canada was involved in the following horizontal initiatives as either
the lead or the partner:
Table 6: Sustainable Development Strategy
Table 7: Green Procurement
Table 8: Response to Parliamentary Committees and External Audits
Table 9: Internal Audits and Evaluations
($000s) | Collaboration and Coordination | Research and Analysis |
Advocacy | Community Economic Planning, Development and Adjustment |
Infrastructure | Business Development and Entrepreneurship |
Innovation | TOTAL |
---|---|---|---|---|---|---|---|---|
Western Diversification Program | ||||||||
Alberta/Saskatchewan Centenaries | $0 | $0 | $0 | $3,641 | $0 | $0 | $0 | $3,641 |
Regina Development Agreement | $0 | $0 | $0 | $1,326 | $0 | $0 | $0 | 1,326 |
Saskatoon Development Agreement | $0 | $0 | $0 | $2,582 | $0 | $0 | $0 | $2,582 |
Vancouver Development Agreement | $0 | $0 | $0 | $704 | $0 | $0 | $0 | $704 |
Winnipeg Partnership Agreement | $0 | $0 | $0 | $320 | $0 | $0 | $3,930 | $4,250 |
Employment Development Initiative | $0 | $0 | $0 | $0 | $0 | $0 | $160 | $160 |
Entrepreneurs with Disabilities Program | $0 | $0 | $0 | $17 | $0 | $1,235 | $0 | $1,252 |
Francophone Economic Development Organizations | $0 | $0 | $0 | $1,096 | $0 | $1,096 | $0 | $2,192 |
Mountain Pine Beetle – Airport Improvements Initiative | $0 | $0 | $0 | $13,816 | $0 | $0 | $0 | $13,816 |
Mountain Pine Beetle – Community Economic Diversification Initiative | $0 | $0 | $0 | $6,114 | $0 | $0 | $0 | $6,114 |
National Programs | $0 | $0 | $0 | $588 | $0 | $0 | $0 | $588 |
Official Languages - Internships | $0 | $0 | $0 | $34 | $0 | $0 | $0 | $34 |
Official Languages - Pilot Projects | $0 | $0 | $0 | $479 | $0 | $0 | $0 | $479 |
Conference Support | $0 | $0 | $20 | $3 | $0 | $140 | $85 | $228 |
Canada/Saskatchewan Northern Development Agreement | $0 | $0 | $0 | $1,753 | $0 | $0 | $0 | $1,753 |
Women's Enterprise Initiative | $0 | $0 | $0 | $0 | $0 | $3,866 | $0 | $3,866 |
VIDO/Intervac | $0 | 0 | $0 | $0 | $0 | $0 | 14,092 | $14,092 |
Western Diversification Program | $0 | 923 | $0 | $5,939 | $0 | $13,653 | $43,773 | $64,288 |
Western Economic Partnership Agreement II | $0 | $0 | $0 | $3,362 | $0 | $1,392 | $5,991 | $10,745 |
Western Economic Partnership Agreement III | $0 | $0 | $0 | $0 | $0 | $0 | $2,120 | $2,120 |
TOTAL Western Diversification Program | $0 | $923 | $0 | $41,774 | $0 | $21,382 | $70,151 | $134,230 |
TOTAL Loan Investment Program | $0 | $0 | $0 | $0 | $0 | $2,047 | $0 | $2,047 |
TOTAL CF Program | $0 | $0 | $0 | $18,508 | $0 | $19,274 | $0 | $37,782 |
TOTAL Infrastructure Canada Program | $0 | $0 | $0 | $0 | $12,950 | $0 | $0 | $12,950 |
TOTAL EXPENDITURES | $0 | $923 | $0 | $60,282 | $12,950 | $42,703 | $70,151 | $187,009 |
Business Development and Entrepreneurship | ||||
Sub-Activity | Goal | Performance Indicator | Number of Projects Reporting | Outcome Reported |
---|---|---|---|---|
1.1.1 Improved Business Productivity |
Increase in SME competitiveness and productivity | % of client satisfaction with business services provided through funded projects | 11 | 94% |
Number of jobs created or maintained | 11 | 377 | ||
Number of businesses created/maintained/expanded |
21 | 582 | ||
1.1.2 |
Increased participation in international markets |
Number of industry association partnerships created |
5 | 30 |
Number of companies participating in export and market development initiatives |
12 | 1627 |
||
Number of projects promoting participation in major international event |
3 | 20 |
||
Number of export-ready companies | 2 | 28 | ||
1.1.3 Industry Collaboration |
Increase in number of successful partnerships and strategic alliances |
Number of partnerships/strategic alliances |
14 | 87 |
1.1.4 Foreign |
Increase in foreign investment in Western Canada |
$ in direct investment facilitated by WD |
1 | $1,000,000 |
1.1.5 Access To Capital |
Increased investment to targeted western Canadian firms | Capital funds provided |
1 | $250,000 |
Dollars leveraged | 3 | $1,212,588 |
||
Number of businesses created/maintained/expanded | 4 | 9 | ||
Innovation |
||||
Sub-Activity | Goal | Performance Indicator | Number of Projects Reporting | Outcome Reported |
1.2.1 |
Increase in the number of technologies developed in research institutions with commercialization potential and increase in the number of technologies adopted by existing firms |
Number of patents files/issued |
5 | 51 |
Number of technology demonstrations |
9 | 147 |
||
Number of technologies adopted |
6 | 31 |
||
Number of prototypes developed |
8 | 59 |
||
Number of technologies to market |
5 | 26 |
||
Venture capital $ invested |
2 | $11,000,000 |
||
1.2.2 Technology Linkages |
Increased connections and synergies among innovation system members. |
Number of networks formed |
10 | 94 |
Number of attendees at funded conferences |
14 | 820,581 |
||
Number of new or incremental members of innovation associations |
6 | 35,884 |
||
1.2.3 Technology Research and Development | Applied R&D leading to technologies with commercialization potential | Number of products or processes that are identified for further R&D |
4 | 214 |
Number of demonstrations of viability of technology |
2 | 8 |
||
Number of patents filed/issued |
2 | 5 |
||
1.2.4 Community Innovation | Increased technological capacity in a community | Number of community planning studies that focus on building innovation capacity |
7 | 15 |
Number of skilled personnel engage in R&D through funded projects |
8 | 913 |
||
1.2.5 Technology Skills Development | Increase in training, education, and skills building of highly qualified people | Number of people trained through training events |
3 | 2,136 |
1.2.6 Knowledge Infrastructure |
Increase in physical assets for R&D or training. |
Number of square meters dedicated to R&D and skills training |
3 | 641 |
Value of R&D undertaken for a 3-year period following completion of the new facility or equipment set-up |
4 | $8,463,898 |
||
Number of physical assets (buildings and equipment) |
15 | 48 |
||
Community Economic Planning Development and Adjustment | ||||
Sub-Activity | Goal | Performance Indicator | Number of Projects Reporting | Outcome Reported |
2.1.1 Community Planning | Enhanced community planning | Number of activities providing planning leadership and expertise | 21 | 65 |
Number of instances facilitating community involvement | 19 | 489 | ||
Number of partnerships developed/maintained | 14 | 224 | ||
2.1.2 Community Development | Increased viability and diversification of local economies | Number of instances of increased capacity in community organizations | 37 | 966 |
Number of enhanced community services or facilities | 59 | 256 | ||
Number of instances of increased community stability | 21 | 44 | ||
Number of people trained | 37 | 4,189 | ||
Number of jobs created or maintained | 14 | 395 | ||
Number of businesses created/maintain/expanded | 6 | 93 | ||
2.1.3 Community Economic Adjustment |
Successful community adjustment to mitigate economic crises | Number of public private partnerships | 3 | 2 |
Number of businesses created/maintained/expanded | 3 | 103 | ||
Number of participants trained | 3 | 112 | ||
Policy, Advocacy and Coordination | ||||
Program Activity | Goal | Performance Indicator | Number of Projects Reporting | Outcome Reported |
Collaboration and Coordination | Better coordinated economic development activities and programs in the West | Improvement in geographic or target group program coverage | 1 | 1 |
Number of coordinated services offered | 1 | 2 | ||
Advocacy | An improved understanding and awareness of western issues by federal policy makers and increased access to and participation in federal programs by the region | Number of western priorities accounted for in federal trade and investment policies | 2 | 6 |
Research and Analysis | An enhanced dialogue around and understanding of western issues, challenges, opportunities and priorities | Number of opinion editorials based on WD sponsored research | 3 | 55 |
Number of program or policy decisions influenced by WD research | 4 | 5 | ||
Number of spokesperson and media references to reports | 6 | 78 |
Infrastructure Canada Program (cumulative outcomes) |
|||
Sub-Activity | Goal | Performance Indicator | Outcome Reported |
---|---|---|---|
2.2.1 Green Infrastructure | Improved green infrastructure | Increase in number of households with improved potable water quality | 627,690 |
Increase in number of households with improved wastewater treatment (includes new connections to wastewater systems) | 288,157 | ||
Increased composting and recycling of solid waste (number of metric tonnes per annum) | 41,520 | ||
Improved energy efficiency of municipal buildings resulting in a reduction in electricity used (kWh per cubic meter) | 4.3 million | ||
Improved energy efficiency of municipal buildings resulting in a reduction in heating fuel used (BTU per cubic meter) | 1.8 million | ||
2.2.2 Local Transportation Infrastructure | Better local transportation | Number of road and local transportation infrastructure improvements | 277 |
Number of communities benefiting from safer roads and new or improved public transportation | 400 | ||
2.2.3 Other Infrastructure Priorities | Improved infrastructure such as recreation facilities, tourism, and rural telecommunications | Number of visits to cultural and recreation facilities improved through funded projects | 19,300 |
Number of new tourism infrastructure | 32 | ||
Number of communities benefiting from cultural, recreation, and tourism facilities | 290 | ||
Increase in number of affordable house units | 270 | ||
Increase in number of high-speed Internet access for local public institutions | 168 |
In 2008-2009, WD worked with other federal departments to position funding for the Economic Development Initiative (EDI), as part of the federal Road Map for Canada's Linguistic Duality 2008-2013: Acting for the Future. For more information about EDI, and WD’s other efforts related to the Official Languages Act, please see:
[1] Total Authorities were greater than planned spending as new funding was received through Supplementary Estimates, consisting of: $4.9M contribution transfer for Infrastructure Canada Program (ICP), $1.7M in excess revenue collections, $1.4M for collective agreements, and $ 0.6M for various items.
[2] Actual Spending was lower than Total Authorities, primarily due to the transfer of contractual commitments between fiscal years under ICP, Mountain Pine Beetle Program initiatives, Alberta and Saskatchewan Centenaries Initiative and International Vaccine Centre's (InterVac) Biosafety Level III Containment Facility in Saskatoon.
[3] Actual full-time positions (FTEs) were greater than planned due to new recruitment related to WD's human resources renewal priority.
[4] At the strategic outcome level, WD does not attempt to directly attribute outcomes to departmental efforts; attribution is more direct at the program activity and sub-activity levels.
[5] Most recent data available.
[6] The variance between actual spending and total authorities was offset against other program activities. No parliamentary vote authority was exceeded.
[7] Actual Spending is lower than Total Authorities, primarily due to the re-profiling of funds ($10.6M) related to the International Vaccine Centre.
[8] Actual Spending was lower than Total Authorities, primarily due to the transfer of contractual commitments between fiscal years under Mountain Pine Beetle Program initiatives and Alberta and Saskatchewan Centenaries.
[9] Planned and actual spending does not include grants and contributions resources administered by WD on behalf of Infrastructure Canada (Municipal Rural Infrastructure Fund, Canada Strategic Infrastructure Fund and Building Canada Fund), as this amount (approximately $125.9M in actual spending) is reported by Infrastructure Canada. Actual Spending is greater than Total Authorities as WD started delivering against the Building Canada Fund (Community Component) in 2008-2009. No parliamentary vote authority was exceeded.
[10] Actual performance far exceeds target, as the target was set conservatively in the absence of any previous benchmark.
[11] Value of all project funding approved is used as an indicator of overall performance related to Policy, Advocacy, and Coordination, since Advocacy may result in increased funding for initiatives and Collaboration and Coordination enhances funding leveraged from other sources.
[12] Project success rate is used as a indicator of overall Policy, Advocacy, and Coordination performance since relevant policies and programs facilitate the attainment of individual project goals.
[13] The variance between Actual Spending and Total Authorities was offset against other program activities. No parliamentary vote authority was exceeded.
[14] Type is defined as follows: previously committed to – committed to in the first or second fiscal year prior to the subject year of the report; ongoing – committed to at least three fiscal years prior to the subject year of the report; and "new" – newly committed to in the reporting year of the Departmental Performance Report.
[15] Status includes "successfully met," "mostly met," "somewhat met," "not met," or "exceeded expectations." Two factors were taken into consideration in determining status of operational priorities: expenditures versus budget, and actual project approvals versus target.
[16] Rural diversification projects are defined as improved business productivity, all Innovation, community development, and Research and Analysis projects outside of the seven major metropolitan areas in Western Canada.
[17] Competition Policy Review Panel, "Compete to Win", http://www.ic.gc.ca/eic/site/cprp-gepmc.nsf/eng/h_00040.html
[18] See footnote #6.
[19] Most recent data available.
[20] Most recent data available.
[21] Includes loans provided through the WCBSN ($83.69M) and through the Loan and Investment Program ($16.6M). Decrease in year-over-year lending through the Loan and Investment Program is due to a decrease in lending by Vancity Capital Corporation, as well as $1.4M in lending via the Manitoba Francophone Fund reported late (to be credited to 2009-2010).
[22] In 2008-2009, WCBSN members responded to over 212,000 information requests, provided over 50,500 advisory services, trained over 34,000 clients, and approved 1,611 loans totalling $82.5M, which leveraged $152.6M. In addition, the Canada Business Network provided over 110,000 assisted services (walk-in visits) in 2008-2009 in the West, had more than 60,000 interactions with clients over the telephone and by e-mail, and received over 1,190,000 web visitors.
[23] See footnote #7.
[24] Most recent data available.
[25] Most recent data available.
[26] Other intermediate technology commercialization results reported include: 227 patents, 343 prototypes developed, 164 technology demonstrations, and 30 spin-off companies.
[27] Other intermediate knowledge infrastructure results reported include: an additional 9,000 square meters nearing completion, 35 patents and 6 spin-off companies.
[28] See footnote #8.
[29] See footnote #9.
[30] See footnote #11.
[31] Includes WEPA and Urban Development Agreement G&C expenditures.
[32] See footnote #13.
[33] See footnote #11.
[34] See footnote #11. Overall, 88 per cent of key informant respondents stated that WD Advocacy activities have contributed to decisions by other organizations that benefit economic policies and programs in the West.
[35] Approximately 66 per cent of all key informants indicate that they were aware of instances where WD positions taken with respect to national policies, programs and the government's capital procurement agenda contributed to advancing the West's interest.
[36] See footnote #11.
[37] Includes all outcomes reported from April 1, 2005 - June 25, 2009, through Project Gateway. Excludes Unexpected Benefits, outcomes reported in draft stage, as well as outcomes of core funding of WCBSN members.
[38] Includes cumulative outcomes from October 2000 to March 31, 2009.