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Table 4: Summary of Capital Spending by Program Activity
Summary of Capital Spending by Program Activity
| Program Activity | Forecast Spending 2008-09 |
Planned Spending 2009-10 |
Planned Spending 2010-11 |
Planned Spending 2012-12 |
|---|---|---|---|---|
| Regulation and Supervision of Federally Regulated Financial Institutions | 3.2 | 5.3 | 4.9 | 4.9 |
| Regulation and Supervision of Federally Regulated Private Pension Plans | 0.4 | 0.3 | … | … |
| Total | 3.6 | 5.6 | 4.9 | 4.9 |
This table outlines OSFI’s planned capital investments by program activity. As indicated in the ”Expenditure Profile” section of the Report on Plans and Priorities, the resources presented in this report reflect OSFI’s approved Annual Reference Level Update (ARLU) estimates, which were prepared in early summer 2008. At the time of writing the report, OSFI was completing its business planning process for 2009-2010 to 2011-2012. Any changes as a result will be reflected in next year’s Report on Plans and Priorities.
OSFI continues to develop cost-effective, secure and reliable information management systems that contain relevant, accurate and timely internal and external data, and to maintain a robust technology infrastructure necessary to support its supervisory and regulatory activities.
During fiscal year 2009-2010, technology investments are planned: related to changes in Accounting Rules and Standards and the Minimum Continuing Capital Surplus Requirements (MCCSR); to complete OSFI’s Pension Systems Renewal Initiative, a project initiated in 2008-2009 to enhance the enabling technology for approvals and supervisory processes within the Private Pension Plans activity; for an upgrade review of OSFI’s Electronic Document Management System.