Future-Oriented Statement of Operations 2020–2021 (Unaudited)
Future-Oriented Statement of Operations for the year ending March 31
The first column presents the expenses broken down into Common public service learning and Internal Services, the total expenses, the revenues listed as sales of services, the total revenues, and the net cost of operations before government funding and transfers. The second column presents the forecast results for 2019–2020 in dollars for each line item in the first column. The last column presents the planned results for 2020–2021 in dollars for each line item in the first column.
| (in dollars) |
Forecast results
2019–2020
|
Planned results
2020–2021
|
| Expenses |
|
Common public service learning
|
76,161,391 |
67,589,980 |
|
Internal Services
|
25,387,130 |
22,529,993 |
| Total expenses |
101,548,521 |
90,119,973 |
| Revenues |
|
Sales of services
|
6,792,202 |
6,723,332 |
| Total revenues |
6,792,202 |
6,792,202 |
| Net cost of operations before government funding and transfers |
94,756,319 |
83,396,641 |
The accompanying notes form an integral part of the Future-Oriented Statement of Operations.
Notes to the Future-Oriented Statement of Operations (unaudited)
1. Methodology and significant assumptions
The Future-Oriented Statement of Operations has been prepared on the basis of government priorities and departmental plans as described in the Departmental Plan.
The information in the forecast results for fiscal year 2019–20 is based on actual results as at January 15, 2020, and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for fiscal year 2020–21.
The main assumptions underlying the forecasts are as follows:
- The Canada School of Public Service's (the School) activities will remain substantially the same as in the previous year.
- Expenses and revenues, including the determination of amounts internal and external to the government, are based on past experience. The general historical pattern is expected to continue.
These assumptions are made as at January 15, 2020.
2. Variations and changes to the forecast financial information
Although every attempt has been made to forecast final results for the remainder of 2019–20 and for 2020–21, actual results achieved for both years are likely to differ from the forecast information presented, and this variation could be material.
In preparing this Future-Oriented Statement of Operations, the School has established estimates and assumptions about the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are based on past experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and are continually evaluated.
Factors that could lead to material differences between the Future‑Oriented Statement of Operations and the historical statement of operations include:
- the timing and the amount of acquisitions and disposals of equipment, which may affect gains, losses and amortization expense;
- the implementation of new collective agreements
- other changes to the operating budget, such as new initiatives or technical adjustments later in the fiscal year
After the Departmental Plan is tabled in Parliament, the School will not be updating the forecasts for any changes in financial resources made in ensuing supplementary estimates. Variances will be explained in the Departmental Results Report.
3. Summary of significant accounting policies
The Future-Oriented Statement of Operations has been prepared using the Government of Canada's accounting policies in effect for fiscal year 2019–20, and is based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.
Significant accounting policies are as follows:
-
Expenses
Expenses are generally recorded when goods are received or services are rendered and include expenses related to personnel, professional and special services, repair and maintenance, utilities, materials and supplies, as well as amortization of tangible capital assets.
Vacation pay and compensatory leave are accrued as the benefits are earned by employees under their respective terms of employment.
Services provided without charge by other government departments for accommodation, employer contributions to health and dental insurance plans, and workers' compensation are recorded as operating expenses at their carrying value.
-
Revenues
Revenues are recognized in the period the event giving rise to the revenues occurred.
4. Parliamentary authorities
The School is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the School differs from financial reporting according to generally accepted accounting principles because authorities are based mainly on cash flow requirements. Items recognized in the Future‑Oriented Statement of Operations in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the School has a different net cost of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:
-
a. Reconciliation of net cost of operations to authorities requested (in dollars). The first column presents the net cost of operations before government funding and transfers; adjustments for items affecting net cost of operations but not affecting authorities; total adjustments for items affecting net cost of operations but not affecting authorities; adjustments for items not affecting net cost of operations but affecting authorities; total adjustments for items not affecting net cost of operations but affecting authorities; and requested authorities forecasted to be used. The second column presents the forecast results for 2019–2020. The last column presents the planned results for 2020–2021.
Reconciliation of net cost of operations to authorities requested
(in dollars)
|
Forecast results
2019–2020
|
Planned results
2020–2021
|
| Net cost of operations before government funding and transfers |
94,756,319 |
83,396,641 |
|
Adjustments for items affecting net cost of operations but not affecting authorities
|
Revenues |
6,792,202 |
6,723,332 |
|
Services provided without charge by other government departments
|
(12,669,744) |
(12,513,013) |
|
Decrease in employee future benefits
|
145,617 |
218,294 |
|
Amortization of tangible capital assets
|
(2,389,852) |
(2,511,248) |
|
Increase in vacation pay and compensatory leave
|
(228,154) |
(52,986) |
|
Total adjustments for items affecting net cost of operations but not affecting authorities
|
(8,349,931) |
(8,135,621) |
|
Adjustments for items not affecting net cost of operations but affecting authorities
|
|
Acquisition of tangible capital assets
|
1,331,539 |
4,426,900 |
|
Total adjustments for items not affecting net cost of operations but affecting authorities
|
1,331,539 |
4,426,900 |
| Requested authorities forecasted to be used |
87,737,927 |
79,687,920 |
-
b. Authorities requested (in dollars). The first column presents the authorities requested, Vote 1 – Program expenditures; total authorities requested; statutory authorities; total statutory authorities to be used; and requested authorities forecasted to be used. The second column presents 2019–2020. The last column presents 2020–2021.
| (in dollars) |
2019–2020 |
2020–2021 |
| Authorities requested |
|
Vote 1 – Program expenditures
|
65,782,261 |
64,350,979 |
| Total authorities requested |
65,782,261 |
64,350,979 |
| Statutory authorities |
Spending of revenues pursuant to subsection 18(2) of the
Canada School of Public Service ActNote*
|
13,216,250 |
6,723,332 |
|
Contributions to employee benefits plan
|
8,739,416 |
8,613,609 |
| Total statutory authorities to be used |
21,955,666 |
15,336,941 |
| Requested authorities forecasted to be used |
87,737,927 |
79,687,920 |
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