Treasury Board of Canada Secretariat - 2014–15 Report on Plans and Priorities
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Section III: Supplementary Information
Future-Oriented Statement of Operations
The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the Treasury Board of Canada Secretariat’s (the Secretariat’s) operations. The expense and revenue forecasts are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management. As a result, the figures presented here will differ from those figures presented elsewhere in this report, which are prepared on an expenditure basis.
| Financial information | Estimated Results 2013–14 | Planned Results 2014–15 | Change |
|---|---|---|---|
| Total expenses | 2,983,909,812 | 2,988,982,070 | 5,072,258 |
| Total revenues | 13,691,701 | 14,141,304 | 449,603 |
| Net cost of operations | 2,970,218,111 | 2,974,840,766 | 4,622,655 |
The total planned expenses for 2014–15 are forecasted to increase by $5 million (less than 0.2%) as compared with the estimated expenses for 2013–14. The total net revenues for both fiscal years are forecasted to be similar, with an increase of $450 thousand (3.2%) in 2014–15. The net cost of operations is forecasted to increase by $4.6 million (less than 0.2%) in 2014–15.
Expenses in both fiscal years include approximately $2.7 billion largely related to public service employer payments. These funds are used 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. The balance of the expenses relate to departmental expenses including salary costs and payments for goods and services. Revenues of approximately $14 million per year consist of the provision of internal support services to other departments and the recovery of costs related to pension administration services provided to the Public Service Pension Plan.
A more detailed Future-Oriented Statement of Operations with associated notes, including a reconciliation of the net cost of operations to the requested authorities, can be found on the Secretariat’s website.
List of Supplementary Information Tables
The supplementary information tables listed in the 2014–15 Report on Plans and Priorities can be found on the Treasury Board of Canada Secretariat’s website.
- Disclosure of Transfer Payment Programs Under $5 Million;
- Greening Government Operations;
- Horizontal Initiatives; and
- Upcoming Internal Audits and Evaluations Over the Next Three Fiscal Years.
Tax Expenditures and Evaluations
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance Canada publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are solely the responsibility of the Minister of Finance.
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