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Section III: Supplementary Information

Financial Highlights

The financial highlights presented in this section are drawn from the Secretariat’s financial statements. The financial statements are prepared in accordance with Treasury Board accounting policies, which are consistent with generally accepted accounting principles for the Canadian public sector.

The Secretariat’s assets mainly constitute accounts receivable from other government departments and agencies, whereas its liabilities are mainly for accounts payable to these government organizations, as well as for payables related to the employer’s share of public service insurance. The expenses include approximately $1.96 billion for government-wide programs such as the employer’s share of the Public Service Health Care Plan, the Public Service Dental Care Plan, and other insurance and pension programs. Revenues consist mainly of government-wide parking revenues.

Condensed Statement of Financial Position
As at March 31, 2011 ($ thousand)

	% Change	2010-11	2009-10
Total Assets	-45.0%	497,500	904,988
Total Liabilities	-5.6%	578,466	613,038
Equity of Canada	-127.7%	(80,966)	291,950
Total	-45.0%	497,500	904,988

The decrease of $407 million in total assets is related to a decrease of $112 million in the Due from the Consolidated Revenue Fund account and a decrease in $305 million in receivables. The decrease in the Due from the Consolidated Revenue Fund account reflects the introduction of the pay-direct drug card for public service health care claims. This more expeditious charging reduces the need for the use of the Due from the Consolidated Revenue Fund account at year-end. Almost all of the decrease in receivables (i.e., $300 million) is related to year-end adjustments for other government departments’ share of employee benefit plans, such as the Public Service Superannuation Act. Most of these receivables from other government departments are cleared within the first two months of the new fiscal year.

The decrease in total liabilities of $35 million is mostly attributable to a decrease in accounts payable outstanding as at March 31 to external parties for the Public Service Health Care Plan, the Public Service Dental Care Plan and the Pensioners’ Dental Services Plan.

The overall changes in total assets and total liabilities are then reflected in the Equity of Canada.

Condensed Statement of Financial Position
For the year ended March 31, 2011 ($ thousand)

	% Change	2010-11	2009-10
Total Expenses	-4.0%	2,273,188	2,367,586
Total Revenues	-0.8%	16,323	16,447
Net Cost of Operations	-4.0%	2,256,865	2,351,139

The decrease in total expenses is attributable mostly to decreases in costs for the various health, dental and insurance plans, and related provincial health care premiums and taxes. These are one-time decreases related to premium holidays in 2010–11 and one-time expenditures in 2011–12. Although these expenses are for public servants across all departments and agencies, the costs are recorded by the Secretariat.

Financial Statements

The complete Treasury Board of Canada Secretariat Financial Statements for the Year Ended March 31, 2011, which include the Statement of Management Responsibility Including Internal Control Over Financial Reporting and its Annex for fiscal year 2010–11 can be found on the Secretariat's website.

List of Supplementary Information Tables

All electronic supplementary information tables found in the 2010–11 Departmental Performance Report can be found on the Treasury Board of Canada Secretariat's website.^[12]

• Green Procurement
• Internal Audits and Evaluations
• Response to Parliamentary Committees and External Audits
• Sources of Respendable and Non-Respendable Revenue
• User Fees Reporting

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Section IV: Other Items of Interest

Organizational Contact Information

Treasury Board of Canada Secretariat
Strategic Communications and Ministerial Affairs
L’Esplanade Laurier, 9th Floor, East Tower
140 O’Connor Street
Ottawa, Canada K1A 0R5

Website: www.tbs-sct.gc.ca

Telephone: 613-957-2400
Toll free: 1-877-636-0656
TTY: 613-957-9090
Facsimile: 613-941-4000

Additional Information

The following item of interest is available on the Secretariat’s website:

• Appendix A—Secretariat Centrally Managed Votes Under Program Activity 5:
  Government-Wide Funds and Public Service Employer Payments

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Footnotes

[1] For a definition of a deputy head see the Public Service Employment Act, section 2(1)

[2] For program sub-sub-activity levels, see the 2010–11 PAA diagram on the Secretariat's website.

[3] Details on the Strategic Reviews can be found in Budget 2010, Annex 1: Responsible Spending (June 6, 2011).

[4] "Type" is categorized as follows: Previously committed to—committed to in the first or second fiscal year before the subject year of the report; Ongoing—committed to at least three fiscal years before the subject year of the report; and New—newly committed to in the reporting year of the Departmental Performance Report.

[5] Commencing in the 2009–10 Estimates cycle, the resources for Program Activity: Internal Services are displayed separately from other program activities; they are no longer distributed among the remaining program activities, as was the case in previous Main Estimates. This has affected the comparability of spending and FTE information by program activity between fiscal years.

[6] This refers to the 16 Government of Canada outcome areas in the whole-of-government framework.

[7] See Public Accounts of Canada 2010

[8] Paylist funding is from centrally managed government-wide funds and supplements departmental authorities for requirements related to items such as parental and maternity allowances, and severance pay.

[9] Federal organizations including departments, agencies and Crown corporations that receive appropriations (i.e., public money) from Parliament were required to undertake a Strategic Review of their direct program spending and the operating costs of their major statutory programs. Over the first four-year cycle of Strategic Reviews, departments accounting for 98 per cent of direct program spending were subject to a Strategic Review. Numerous small organizations and other organizations with minimal appropriations account for the remaining 2 per cent and were not required to undertake a Strategic Review.

[10] In Budget 2011, the government signalled its intention to undertake a one-year Strategic and Operating Review across all government departments and agencies in fiscal year 2011–12. This initiative was announced in Budget 2011 on March 22, 2011. The budget did not pass and Parliament was dissolved on March 26, 2011. The Strategic and Operating Review was confirmed in Budget 2011 on June 6, 2011.

[11] To align with the Policy on Internal Control, the term "auditable financial statements" has been changed to "controls-based audit."

[12] See 2010–11 Part III—Departmental Performance Reports (DPR): Supplementary Information (Tables)

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