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ARCHIVED - Office of the Superintendent of Financial Institutions - Supplementary Tables
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Sources of Respendable and Non-Respendable Revenue
A. Respendable Revenue
| Program Activity | ($ millions) | |||
|---|---|---|---|---|
| Forecast Revenue 2011-12 |
Planned Revenue 2012-13 |
Planned Revenue 2013-14 |
Planned Revenue 2014-15 |
|
| Regulation and Supervision of Federally Regulated Financial Institutions | ||||
| Base Assessments | 57.8 | 62.2 | 64.6 | 67.4 |
| User Fees and Charges | 4.3 | 3.5 | 3.4 | 3.4 |
| Cost-Recovered Services | 0.3 | 0.2 | 0.1 | 0.1 |
| Subtotal | 62.4 | 65.9 | 68.1 | 70.9 |
| Regulation and Supervision of Federally Regulated Private Pension Plans | ||||
|
Pension Plan Fees |
5.6 | 4.5 | 4.6 | 4.2 |
| Regulation and Supervision of Federally Regulated Private Pension Plans | ||||
| Cost-Recovered Services | 3.3 | 3.7 | 4.0 | 4.2 |
| User Fees and Charges | 0.1 | 0.0 | 0.0 | 0.0 |
| Subtotal | 3.4 | 3.7 | 4.0 | 70.9 |
| Internal Services | ||||
| Base Assessments | 48.3 | 46.5 | 46.3 | 47.8 |
| Cost-Recovered Services | 3.1 | 3.3 | 3.4 | 3.1 |
| Pension Plan Fees | 1.1 | 2.9 | 2.9 | 2.8 |
| Subtotal | 52.5 | 52.7 | 52.6 | 53.7 |
| Total Respendable Revenue | 123.9 | 126.8 | 129.3 | 133.6 |
B. Non-Respendable Revenue
| Program Activity | ($ millions) | |||
|---|---|---|---|---|
| Forecast Revenue 2011-12 |
Planned Revenue 2012-13 |
Planned Revenue 2013-14 |
Planned Revenue 2014-15 |
|
| Regulation and Supervision of Federally Regulated Financial Institutions | ||||
| Filing Penalties | 0.2 | 0.2 | 0.2 | 0.2 |
| Total Non-respendable Revenue | 0.2 | 0.2 | 0.2 | 0.2 |
| Total Respendable and Non-respendable Revenue | 124.1 | 127.0 | 129.5 | 133.8 |
Tables A and B identify the sources of respendable and non-respendable revenue, presented on the modified cash basis. OSFI is funded mainly through assessments on the financial institutions and private pension plans that it regulates and supervises and through a user-pay program for selected services, which are billed on the accrual basis of accounting1.
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. Surcharges are charged in accordance with the Assessment of Financial Institutions Regulations, 2001.
Footnotes
1 OSFI's financial statements are prepared using International Financial Reporting Standards (IFRS), are audited annually 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.