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Section III – Supplementary Information
Financial Highlights
The future-oriented financial highlights, prepared on an accrual basis, presented within this Report on Plans and Priorities are intended to serve as a general overview of the Northern Pipeline Agency’s operations. These financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.
The Future-oriented Statement of Operations can be found on NRCan’s web site at http://www.nrcan-rncan.gc.ca/com/resoress/pubpub-eng.php.
| ($ millions) | % Change | Future-oriented 2011–12 |
Future-oriented 2010–11 |
|---|---|---|---|
| Expenses | |||
| Total Expenses | N/A | $1,445,841 | N/A |
| Revenues | |||
| Total Revenues | N/A | $1,387,285 | N/A |
| Net Cost of Operations | N/A | $58,556 | N/A |
The Agency has different net results of operations for the year on a government funding basis (cash) as reported in this Report on Plans and Priorities than on an accrual accounting basis as reported in the Future-oriented Statement of Operations.
Section IV - Other Items of Interest
Organizational Information
The Agency has been designated as a department for the purposes of the Financial Administration Act. The Agency currently reports to Parliament through the Minister of Natural Resources Canada, who is responsible for the management and direction of the Agency. The Agency has one senior officer, a Commissioner appointed by the Governor in Council. The Commissioner is currently the Deputy Minister of Natural Resources Canada. The Agency’s organizational structure is defined by the Act. The Commissioner is supported by an Assistant Commissioner.
Legislation Administered by the Agency
The Minister has sole responsibility to Parliament for the following Act:
Northern Pipeline Act (R.S.C., 1977-78, c.20, s.1)
The Minister shares responsibilities to Parliament for the following regulations:
National Energy Board Cost Recovery Regulations (SOR/91-7, Canada Gazette Part II, p. 15)