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2009-10
Report on Plans and Priorities

Office of the Superintendent of Financial Institutions

Supplementary Information (Tables)

Table 1: Green Procurement

1. How is your department planning to meet the objectives of the Policy on Green Procurement?

OSFI’s procurement needs are predominantly for commodity goods such as computers, printers, office supplies, or furniture, and for informatics or other professional services including, at times, construction services. In order to maximize its Green Procurement, OSFI: continues to draw on the opportunities presented in the government-wide commodity management process under the Way Forward initiative; takes advantage wherever possible of PWGSC’s procurement services through tools such as Government of Canada Marketplace (GoCM), National Master Standing Offers (NMSO) or Departmental Standing Offers (DSO) and in so doing, achieves the levels of Green Procurement that have been negotiated by PWGSC. In combination, these procurement vehicles allow OSFI to incorporate environmental performance considerations in its procurement planning and requirement definitions.

2. Has your department established green procurement targets?

OSFI’s procurement needs for goods are largely met by government-wide commodity management processes under the Way Forward Initiative and by PWGSC’s procurement services. Based on its buying needs and past patterns, OSFI’s approach to meeting the Policy on Green Procurement is to capitalize on Standing Offers or Supply Arrangements negotiated by PWGSC, so as to ensure that it is procuring from companies that supply environmentally preferable goods and services. As well, OSFI is mindful of the policy whenever it conducts contracting under its own authority.

Table 2: Internal Audits

1. Name of Internal Audit	2. Internal Audit Type	3. Status	4. Expected Completion Date
Supervision Sector: Financial Institutions Group (Follow-up)	Supervision – Risk Assessment & Interventions	Ongoing	No posted report; Regular reporting
Supervision Sector: Financial Conglomerate Group- Deposit Taking Institutions (Follow Up)	Supervision – Risk Assessment & Interventions	Ongoing	No posted report; Regular reporting
Supervision Sector: Financial Conglomerate Group – Life Insurance	Supervision – Risk Assessment & Interventions	Postponed	To be determined
Corporate Services: Human Resources Planning	Corporate Services – Human Resources Services	In-Progress	2008-2009
Corporate Services – Information Technology Services Planning	Corporate Services – Information Technology	In-Progress	2008-2009
Superintendent’s Office- Management Oversight	Superintendent’s Office	In-Progress	2008-2009
Regulation Sector: Legislation and Policy Initiatives	Regulation – Rule Making	In-Progress	2009-2010
Regulation Sector: Accounting Rule Making	Regulation – Rule Making	In-Progress	2009-2010
Office of the Chief Actuary	Office of the Chief Actuary	In-Progress	2009-2010
Corporate Services – Portfolio and Project Management	Corporate Services – Project Management	In-Progress	2009-2010

The Audit Committee approves OSFI's Annual Audit Plan one year ahead. The most recent Audit Plan and Audit Reports are available on OSFI’s website: OSFI’s Internal Audit Reports.

Table 3: Sources of Respendable and Non-Respendable Revenue

Respendable Revenue
($ millions)
Program Activity	Respendable revenue	Forecast Revenue 2008-09	Planned Revenue 2009-10	Planned Revenue 2010-11	Planned Revenue 2011-12
Regulation and Supervision of Federally Regulated Financial Institutions	Base Assessments	42.7	46.4	48.5	50.3
	Cost-Recovered Services	0.2	0.2	0.2	0.2
	User Fees and Charges	3.8	2.0	2.0	2.0
Subtotal		46.7	48.6	50.7	52.5
Regulation and Supervision of Federally Regulated Private Pension Plans	Pension Fees	4.5	4.8	4.6	4.7
International Assistance	Cost-Recovered Services	1.6	1.7	1.7	1.7
Subtotal		6.1	6.5	6.3	6.4
Office of the Chief Actuary	Cost-Recovered Services	2.7	3.3	3.3	3.5
Office of the Chief Actuary	User Fees and Charges	0.1	0.1	0.1	0.1
Subtotal		2.8	3.4	3.4	3.6
Internal Services	Base Assessments	34.8	35.8	36.5	37.7
	Pension Fees	1.8	2.1	2.6	2.4
	Cost-Recovered Services	2.8	2.8	2.8	2.6
Subtotal		39.4	40.7	41.9	42.7
Total Respendable Revenue		95.0	99.1	102.2	105.2

Non-Respendable Revenue
($ millions)
Program Activity	Non-respendable revenue	Forecast Revenue 2008-09	Planned Revenue 2009-10	Planned Revenue 2010-11	Planned Revenue 2011-12
Regulation and Supervision of Federally Regulated Financial Institutions	Late and Erroneous Filing Penalties	0.5	0.5	0.5	0.5
Total Non-respendable Revenue		0.5	0.5	0.5	0.5
Total Respendable and Non-respendable Revenue		95.5	99.6	102.7	105.7

Table 9 illustrates sources of respendable and non-respendable revenue presented on the modified cash basis; however, OSFI recovers its costs through assessments and user fees billed on the accrual basis of accounting¹. Under the modified cash basis, the expected overall revenue increase for 2009-2010 will be in the range of 4.3%.

The user fees and charges for the Regulation and Supervision of Federally Regulated Financial Institutions program activity include fees for certain legislative approvals and approvals for supervisory purposes pursuant to the Charges for Services Provided by the Office of the Superintendent of Financial Institutions Regulations 2002, and surcharges assessed to financial institutions assigned a “stage” rating pursuant to the Guide to Intervention for Federal Financial Institutions. Assessment surcharges are charged in accordance with the Assessment of Financial Institutions Regulations, 2001. At the time of writing this Report on Plans and Priorities, OSFI was completing its business planning process for 2009-2010 to 2011-2012 and anticipated that user fees and charges might rise from level presented for 2008-2009 in Table 9, as a result of the current economic outlook.

¹ OSFI’s financial statements are prepared using Canadian Generally Accepted Accounting Principles (GAAP), are audited annual by the Office of the Auditor General and are published in OSFI’s annual report. OSFI’s annual reports can be accessed on OSFI’s web site under About OSFI/Reports/Annual Reports.

Table 4: Summary of Capital Spending by Program Activity

Summary of Capital Spending by Program Activity

**($ millions)**
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.