Performance Report – For the period ending March 31, 2013
Section III: Supplementary Information
The financial highlights presented in this section are drawn from Elections Canada's financial statements. These financial statements have been prepared using Government of Canada accounting policies, which are based on Canadian public sector accounting standards. This method of accounting, known as the accrual basis of accounting, differs from the method used to present the figures in the previous sections; those figures are based on authorities voted by Parliament on a modified cash basis.
Condensed Statement of Operations and Departmental Net Financial Position
|$ Change (2012–13 Planned vs. Actual)||$ Change (2012–13 Actual vs. 2011–12 Actual)|
|Net cost of operations after government funding and transfers||5,392||2,153||3,236||3,239||(1,083)|
|Agency net financial position||7,708||15,355||17,508||(7,647)||(2,153)|
The decrease of $22 million in total expenses in 2012–2013 (planned over actual) is a result of the following:
- A $4.2 million reduction in Elections Canada's operating budget brought the agency's total fiscal restraint reductions to $7.5 million in 2012–2013. As per Treasury Board Secretariat instructions, this reduction appears as a surplus.
- The agency's operating and maintenance expenditures were lower than expected by $8.8 million. This is because the agency realigned its priorities; it took measures to manage medium-term financial pressures related to the salaries of its indeterminate employees, such as freezing and delaying staffing and invoking workforce adjustment measures; and this focus on realigning priorities and workforce adjustment led to lower-than-expected operating, maintenance and project expenditures.
- Delays in the construction of the agency's new office in Gatineau (for details, refer to Internal Services above) deferred expenditures of $3.6 million to 2013–2014.
- There was a $5.4 million reduction in expenses, mostly due to the capitalization of leasehold improvements, furniture and fixtures for the construction of the new offices.
The decrease of $235 million in total expenses in 2012–2013 over 2011–2012 is largely a result of the 41st general election, held on May 2, 2011.
Condensed Statement of Financial Position
|Total net liabilities||19,620||32,207||(12,587)|
|Total net financial assets||14,380||28,211||(13,831)|
|Total non-financial assets||20,595||21,504||(909)|
|Agency net financial position||15,355||17,508||(2,153)|
Total net liabilities for 2012–2013 are $19.6 million, a decrease of $12.6 million from 2011–2012. Of this decrease, approximately $3.6 million are accounts payable and $8.2 million are accrued liabilities. The change in accrued liabilities is explained by the reduction in reimbursements to candidates for the 41st general election and political parties' quarterly allowances when compared to the previous year.
Total net financial assets for 2012–2013 are $14.4 million, a decrease of $13.8 million from 2011–2012. This is explained by the fact that 2011–2012 was an election year.
Total non-financial assets for 2012–2013 are $20.6 million, a decrease of $1 million from 2011–2012. This change can largely be explained by the review of consumable supplies in stock, which led to the write-down of outdated electoral forms and other materials.
The overall changes in assets and liabilities are reflected in the agency net financial position.
The audited financial statements for the Office of the Chief Electoral Officer for the year ended March 31, 2013, are available on the Elections Canada website.Footnote 15 They include the Statement of Management Responsibility Including Internal Control over Financial Reporting as well as the annex for fiscal year 2012–2013.
List of Supplementary Information Tables
All electronic supplementary information tables included in this 2012–2013 Departmental Performance Report can be found on the Elections Canada website.Footnote 16
- Details of Transfer Payment Programs
- Response to Parliamentary Committees and External Audits
- Internal Audits and Evaluations
Tax Expenditures and Evaluations Report
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and EvaluationsFootnote 17 publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.