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Section III – Supplementary Information

Financial Highlights

The future-oriented financial highlights presented within this Report on Plans and Priorities are intended to serve as a general overview of PCO’s financial operations. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.

Future-oriented financial statements can be found on PCO's website.

(thousands of dollars)
Future-oriented Condensed Statement of Operations
For the years ending March 31, 2011 and 2012
% Change Future-oriented
Total Expenses -13.12% 161,612 186,021
Total Revenues 5.44% 9,052 8,585
Net Cost of Operations -14.02% 152,560 177,436

The forecasted decrease of $24 million in the level of expenditures for fiscal year 2011-12 in comparison with fiscal year 2010-11, is mainly due to a reduction in PCO’s reference level. This reduction is explained by sunsetting funding in the amount of $6.8 million for Canada’s Economic Action Plan, the Panel of Arbiters, the Office of the Coordinator for the 2010 Olympics and G8 Security, the Administrative Services Review, the Office of the Special Advisor on Human Smuggling and Illegal Migration and the Afghanistan Task Force. In addition, the Commissions of inquiry funding will sunset in the amount of $14.4 million. There is also a forecasted decrease of $2 million in the following non-appropriated accounts: vacation pay, severance pay, contingent liabilities, services provided without charge from other government departments and work in progress.

(thousands of dollars)
Future-oriented Condensed Statement of Financial Position
For the years ending March 31, 2011 and 2012
% Change Future-oriented
Total Assets -7.16% 24,194 26,059
Liabilities and Equity of Canada      
Liabilities -8.61% 37,705 41,257
Equity -11.10% -13,511 -15,198
Total liabilities and equity of Canada -7.16% 24,194 26,059

The forecasted decrease of $1.8 million in the total liabilities and equity of Canada (statement of Financial Position) for fiscal year 2011-12 compared to fiscal year 2010-11, is mainly due to an anticipated decrease of $24 million in PCO’s net cost of operation, which will result in a lower level of acquisitions of assets and fewer liabilities.

List of Tables

All electronic Supplementary Information tables found in the 2011–12 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat’s website at

  • Upcoming Internal Audits and Evaluations over the next three fiscal years
  • Sources of Respendable and Non-respendable Revenue
  • Summary of Capital Spending by Program Activity

Other Items of Interest

Contacts for further information:

Privy Council Office
General Inquiries
Room 1000
85 Sparks Street
Ottawa, Ontario
K1A 0A3
Telephone: 613-957-5153
TTY: 613-957-5741
Fax: 613-957-5043

  1. There are no modifications to the English-language strategic outcome statement or program activity titles; however there are some modifications to the French-language equivalents. A full crosswalk of PCO’s 2010-11 and 2011-12 PAA titles can be found on PCO’s website.
  2. Planned spending is defined as spending that is expected to be incurred in a fiscal year and for which Cabinet and/or Treasury Board approval has already been obtained.
  3. For Program Activity descriptions please see Section II.
  4. Spending under Commissions of inquiry includes funds for PCO financial and administrative advice as well as funds to support the inquiries themselves.
  5. PCO operates in a highly centralized environment where many costs normally assumed by line managers are covered through Internal services and are not reallocated to individual program activities (e.g. desktop computers, printers, Blackberries, furniture and equipment, supplies, printing and graphics, messenger services and telecommunications).
  7. PCO has responsibility for the operation of all Cabinet committees except Treasury Board. The current list of Cabinet committees is posted on PCO's website.