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Supplementary Information (Tables)
Note:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | ||
Number of printers procured from green consolidated procurement instruments relative to total number of printers procured. | 100% (2010-2011) | |
Planned progress against measure in 2012-2013. | At least 90% |
Strategies / Comments
"SMART" breakdown:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | ||
Quantity of paper procured from green consolidated procurement instruments relative to total quantity of paper procured. | 100% (2010-2011) | |
Planned progress against measure in 2012-2013. | At least 90% |
Strategies / Comments
"SMART" breakdown:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | ||
Existence of implementation plan for the disposal of all departmentally-generated EEE. | Yes (2010-2011) | |
Total number of agency locations with EEE implementation plan fully implemented, expressed as a percentage of all locations, by the end of the given fiscal year. | 100% (2010-2011) | |
Planned progress against measure in 2012-2013. | At least 90% |
Strategies / Comments
"SMART" breakdown:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | ||
Number of procurement and materiel management employees with green procurement training relative to total number of procurement and materiel management employees. | 50% (2010-2011) | |
Planned progress against measure in 2012-2013. | At least 80% |
Strategies / Comments
"SMART" breakdown:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | ||
Environmental considerations are included in the performance evaluations of managers and functional heads of procurement and materiel management. | N/A | |
Planned progress against measure in 2012-2013. | 50% |
Strategies / Comments
"SMART" breakdown:
Performance Measure | RPP | DPR |
---|---|---|
Target Status | N/A | |
No performance measure established | N/A | |
Planned progress against measure in 2012-2013. | N/A |
Strategies / Comments
OSFI's procurement needs are largely met by government-wide commodity management processes and vehicles established by PWGSC. Environmental benefits achieved are the same as those identified by PWGSC in the establishment of these processes and vehicles.
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 |
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.
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.
Program Activity | ($ millions) | |||
---|---|---|---|---|
Forecast Spending 2011-2012 |
Planned Spending 2012-2013 |
Planned Spending 2013-2014 |
Planned Spending 2014-2015 |
|
Internal Services | 6.4 | 4.7 | 4.9 | 4.9 |
Regulation and Supervision of Federally Regulated Private Pension Plans | 1.4 | 0.1 | 0.0 | 0.0 |
Actuarial Valuation and Advisory Services | 0.0 | 0.0 | 0.1 | 0.1 |
Total | 7.8 | 4.8 | 5.0 | 5.0 |
Total capital spending in 2012-2013 is $3.0 million lower than forecast spending in 2011-2012. OSFI's Toronto and Ottawa offices are being retrofitted in 2011-2012 to accommodate additional staff that joined OSFI in 2010-2011 and 2011-2012, which accounts for most of the decreased capital spending in the Internal Services program activity. As well, a new Risk Assessment System for Pension will be implemented by the end of 2011-2012, resulting in a decrease in spending of $1.3 million in Regulation and Supervision of Federally Regulated Private Pension Plans program activity. This system will optimize the efficiency and effectiveness of Private Pension Plan supervision and reduce operational risk.
1. Name of Internal Audit | 2. Internal Audit Type | 3. Status | 4. Expected Completion Date |
---|---|---|---|
Superintendent's Office: Risk Management | Risk Management | Completed | |
Supervision Sector: Life Insurance Group - Conglomerates | Risk Assessment & Intervention | In Progress | April 2012 |
Supervision Sector: Deposit Taking Institutions – Conglomerates | Risk Assessment & Intervention | 2011-2012 Planned | November 2012 |
Corporate Services: Finance | Travel & Hospitality | In Progress | February 2012 |
Corporate Services: Human Resources | Training & Development | 2011-2012 Planned | November 2012 |
Corporate Services: Information Management / Information Technology | Governance | 2011-2012 Planned | November 2012 |
Superintendent's Office: Internal Audit | Quality Assurance | 2012-2013 Planned | Q4 2012/13 |
Supervision Sector: Property & Casualty Group | Risk Assessment and Intervention | 2012-2013 Planned | Q4 2012/13 |
Supervision Sector: Supervision Support Group, Capital Markets Division | Risk Assessment and Intervention | 2012-2013 Planned | Q4 2012/13 |
Regulation Sector: Capital Division | Rule-Making and Approvals | 2012-2013 Planned | Q4 2012/13 |
Regulation Sector: Private Pension Plans Division | Risk Assessment and Intervention (Supervision) | 2014-2015 Planned | Q4 2014/15 |
Corporate Services: Finance | Governance | 2013-2014 Planned | Q4 2013/14 |
Corporate Services: Security Services Unit | Governance | 2012-2013 Planned | Q4 2012/13 |
Supervision Sector: Deposit-Taking Group – Non-Conglomerates | Risk Assessment & Intervention | 2013-2014 Planned | Q4 2013/14 |
Supervision Sector: Life-Insurance Group – Non-Conglomerates | Risk Assessment & Intervention | 2013-2014 Planned | Q4 2013/14 |
Supervision Sector: Deposit-Taking Group – Risk Measurement Analytics and Assessment | Risk Assessment & Intervention | 2013-2014 Planned | Q4 2013/14 |
Supervision Sector: Supervision Support Group – Practices | Supervisory Support | 2013-2014 Planned | Q4 2013/14 |
Regulation Sector: Actuarial Division | Risk Assessment & Intervention | 2013-2014 Planned | Q4 2013/14 |
Corporate Services Sector: Communications and Public Affairs Division | Governance | 2014-2015 | Q4 2014/15 |
Corporate Services Sector: FRFI Data Management | Information Management | 2014-2015 | Q4 2014/15 |
Supervision Sector: Supervision Support Group – Anti-Money Laundering & Compliance | Supervisory Support | 2014-2015 | Q4 2014/15 |
Supervision Sector: Supervision Support Group – Operational Risk and Capital Assessment Services | Supervisory Support | 2014-2015 | Q4 2014/15 |
Supervision Sector: Supervision Support Group – Risk Surveillance and Analytics | Supervisory Support | 2014-2015 | Q4 2014/15 |
Office of the Chief Actuary – IT Models and Data Management | Information Management | 2014-2015 | Q4 2014/15 |
The Audit Committee approves OSFI's Annual Audit Plan two years ahead. The most recent Audit Plan and Audit Reports are available on OSFI's website:
(http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?DetailID=894)