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The future–oriented financial highlights presented within this Report on Plans and Priorities (RPP) are intended to serve as a general overview of INAC’s financial operations. These future–oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.
|For the Year (Ended March 31) — Condensed Future–Oriented Statement of Operations||% Variance||2011–2012||2010–2011|
|Net Cost of Operations||7,136||N/A|
The future–oriented expenses total $7.4 billion for 2011–2012. Transfer payments, the majority to Aboriginal people and Aboriginal organizations, amount to $6.2 billion or 84.5 percent of total forecasted expenses. Other significant expenses include salaries and employee benefits totalling $529.6 million (7.2 percent); professional services of $311.9 million (4.2 percent), the majority relating to work on contaminated sites and legal services; and court awards and other settlements of $236.4 million (3.2 percent).
The future–oriented revenues total $220.0 million for 2011–2012. Forecasted revenues for resource royalties, such as the Norman Wells Project profits, represent the most significant source of revenue, accounting for $204.1 million or 92.8 percent of total revenues. The other major source of revenue is interest on loans in the amount of $9.2 million (4.2 percent).
Future–oriented financial statement of Operations can be found on INAC’s Web site
The following tables are provided on the Treasury Board of Canada Secretariat’s website.
In keeping with the Federal Sustainable Development Strategy (FSDS), INAC is committed to providing more specific information on departmental sustainable development activities appropriate to the department’s mandate. First Nations, Inuit, Métis and northerners have long had a close relationship with the land and its resources. Individuals and organizations within these groups have been raising awareness of the effects of climate change and demanding a broader, more sustainable approach to how Canadians relate to nature.
As stated in the Federal Sustainable Development Act, “sustainable development is based on an ecologically efficient use of natural, social and economic resources”. INAC understands and supports this principle. Therefore, INAC will continue to work collaboratively with Aboriginal and northern partners to ensure that community development is sustainable over the long term, and that future generations will live in healthy, safe, self–sufficient and prosperous communities that make strong contributions to the country as a whole. The Department will focus on two areas, notably:
INAC’s programming contributes to goals and targets in all four of the theme areas identified in the first Federal Sustainable Development Strategy.
For additional details on Indian and Northern Affairs Canada’s activities to support sustainable development please see Sustainable Development, and for complete details on the Federal Sustainable Development Strategy please see The Federal Sustainable Development Strategy
Indian and Northern Affairs
Les Terrasses de la Chaudière
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Mailing Address: Ottawa, Ontario K1A 0H4
General and Statistical Inquiries, and Publication Distribution
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Canadian Polar Commission
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