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Section III: Supplementary Information

Financial Highlights

The OIC received additional funding of $2.5M in 2009-2010 to modernize and improve business processes and conduct activities in support of the Commissioner’s mandate. 

The additional funding stems from a request submitted to the Advisory Panel on the Funding and Oversight of Officers of Parliament and recommended to Treasury Board Ministers. This request was based on an in-depth analysis of OIC organizational priorities, workload drivers and resource levels. It took into account internal reallocation of resources and efficiency improvements derived, in particular, from the Office’s streamlined investigations management process and IM/IT renewal initiatives.

As a result of this funding, more staffing resulted in greater salary expenditures. The OIC’s tangible assets also increased due to a refit of office space to accommodate the additional resources.

The financial highlights presented below are a general overview of the OIC’s financial position and operations. The audited financial statements can be found on the OIC website.

(in $)

Condensed Statement of Financial Position As at March 31	% Change	2009-2010	2008-2009
ASSETS
Total Assets	0%	1,644,864	1,651,640
TOTAL	0%	1,644,864	1,651,640
LIABILITIES
Total Liabilities	10%	2,690,780	2,447,116
EQUITY
Total Equity	31%	(1,045,916)	(795,476)
TOTAL	0%	1,644,864	1,651,640

(in $)

Condensed Statement of Operations For the year ended March 31	% Change	2009-2010	2008-2009
EXPENSES
Total Expenses	17%	13,420,475	11,503,162
REVENUES
Total Revenues	-62%	199	525
Net Cost of Operations	17%	13,420,276	11,502,637

The following charts illustrate the breakdown of OIC assets, liabilities and expenses in 2009-2010.

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