Quarterly Financial Report
For the quarter ended December 31, 2013 - Revised

Statement outlining results, risks and significant changes in operations, personnel and programming

Erratum

Date: March 18, 2014
Location: Fiscal year 2012-13 - Year to date used at quarter-end
Revision: "Vote 30 - Grants and Contributions $9,176 thousands" replaces "Vote 30 - Grants and Contributions $2,046 thousands".

1. Introduction

Status of Women Canada (SWC) is a federal government organization that promotes equality for women and their full participation in the economic, social and democratic life of Canada.

SWC works to advance equality for women and to remove barriers to women’s participation in society, putting particular emphasis on three priority areas:

  • increasing women's economic security and prosperity;
  • encouraging women's leadership and democratic participation; and
  • ending violence against women.

SWC is also responsible for providing strategic policy advice and gender-based analysis support, administering the Women’s Program and promoting commemorative events related to women and girls in Canada. The organization also plays an important role in Canada’s efforts to meet its international obligations on gender equality.

Further details on SWC’s mandate, raison d’être, responsibilities and program activities may be found in the organization’s 2013-14 Report on Plans and Priorities and 2013-14 Main Estimates.

SWC management has prepared this quarterly financial report as required by section 65.1 of the Financial Administration Act and in the form and manner prescribed by the Treasury Board. The report, for the quarter ending December 31, 2013, should be read in conjunction with the Main Estimates and Supplementary Estimates. It has not been subject to an external audit or review.

Basis of Presentation

This quarterly report has been prepared by SWC management using an expenditure basis of accounting. The accompanying Statement of Authorities includes the spending authorities granted by Parliament and those used by the organization consistent with the Main Estimates and Supplementary Estimates for the 2013-14 fiscal year. This quarterly report has been prepared using a special purpose financial reporting framework designed to meet financial information needs with respect to the use of spending authorities.

The authority of Parliament is required before moneys can be spent by the Government. Approvals are given in the form of annually approved limits through appropriation acts or through legislation in the form of statutory spending authority for specific purposes.

The organization uses the full accrual method of accounting to prepare and present its annual departmental financial statements that are part of the departmental performance reporting process. However, the spending authorities voted by Parliament remain on an expenditure basis.

2. Highlights of fiscal quarter and fiscal year-to-date results

This section highlights the significant items that contributed to the net increase or decrease in resources available for the year and actual expenditures for the quarter ended September 30, 2013 in comparison to the prior year. 

Significant Changes to Authorities

As of December 31, 2013, total authorities available for the fiscal year increased by $1.5 million for a total of $31.7 million.  This increase is the result of a multi-year loan of $1.6 million for the relocation of SWC’s headquarter office to 22 Eddy. This loan will be repaid over eight years at $0.2 million per year commencing fiscal year 2014-15.  

Significant Changes to Expenditures

SWC’s expenditures in the third quarter of 2013-14 were $7.0 million. This represents an increase of 49% ($2.3 million) from the same period last year, with the following major changes by standard object:

  • an increase of $0.3 million for Professional and special services expenditures and $0.4 million in Acquisition of Machinery and Equipment. Most of the increase was for expenses for the relocation of SWC’s headquarter office; and
  • an increase of $1.5 million in Transfer payments primarily due to the fact that projects have payment schedules that vary from year to year.

Figure 1 outlines the total authorities available for use, total expenditures for the third quarter ended December 31, 2013 and total expenditures for the fiscal year as at December 31, 2013.

Figure 1:
(in thousands)

Highlights of fiscal quarter and fiscal year-to-date results

3. Risks and uncertainties

SWC approaches risk as an integral part of its planning process, recognizing the need for strong risk management in all of its operations, as well as at the corporate level. SWC’s corporate risk profile, review of budgetary challenges, management practices and risk mitigation strategies were all monitored on a regular basis by its senior management.

As part of the Public Works and Government Services Canada (PWGSC) Gatineau Lease-Purchase project, SWC relocated its headquarter office from Ottawa to Gatineau in November 2013. Relocation cost estimates were developed in close collaboration with the Treasury Board Secretariat and PWGSC.

This quarterly financial report reflects the results of the current fiscal period in relation to the Main Estimates and Supplementary Estimates (B).

4. Significant changes in operations, personnel and programs

There have been no significant changes in operations, personnel and programs over the last year.

5. Budget 2012 Implementation

No budgetary reductions have resulted from Budget 2012.

Approved by:

 

Suzanne Clément
Coordinator, Status of Women Canada
Ottawa, Canada
Anik Lapointe
Chief Financial Officer

February 14, 2014

Status of Women Canada
Statement of Authorities (unaudited)
For the quarter ended December 31, 2013

(in thousands of dollars) Fiscal year 2013–2014   Fiscal year 2012–2013
  Total available for use for the year ending March 31, 2014Footnote * Used during the quarter ended December 31, 2013 Year to date used at quarter-end   Total available for use for the year ended March 31, 2013Footnote * Used during the quarter ended December 31, 2012 Year to date used at quarter-end
               
Vote 25 - Operating expenditures 11,404 3,162 7,775   10,037 2,388 6,395
Vote 30 - Grants and Contributions 19,033 3,581 8,580   18,950 2,046 9,176
Statutory authorities              
Employee Benefit Plan 1,245 318 934   1,226 306 913
Total budgetary authorities 31,682 7,061 17,289   30,213 4,740 16,484

Footnotes

Includes only authorities available for use and granted by Parliament at quarter end

Includes only authorities available for use and granted by Parliament at quarter end

Return to footnote * referrer

Status of Women Canada
Departmental budgetary expenditures by Standard Object (unaudited)
For the quarter ended December 31, 2013

(in thousands of dollars) Fiscal year 2013–2014   Fiscal year 2012–2013
  Planned Expenditures for the year ending March 31, 2014Footnote * Expended during the quarter ended December 31, 2013 Year to date used at quarter-end   Planned Expenditures for the year ended March 31, 2013Footnote * Expended during the quarter ended December 31, 2012 Year to date used at quarter-end
Total net budgetary expenditures 31,682 7,060 17,289   30,213 4,740 16,484
Expenditures
Personnel 8,400 2,336 6,995   8,267 2,307 6,516
Transportation and communications 605 134 324   769 103 224
Information 131 34 67   408 36 55
Professional and special services 2,250 548 783   1,269 215 373
Rentals 59 14 82   64 22 104
Repair and maintenance 66 1 6   108 0 8
Utilities, materials and supplies 66 11 20   100 6 19
Acquisition of machinery and equipment 1,070 401 432   273 5 9
Transfer payments 19,033 3,581 8,580   18,950 2,046 9,176
Other subsidies and payments 2 - -   5 - -

Note: Totals may not add and may not agree with details provided in other public documents due to rounding.

Footnotes

Footnote 1

Includes only authorities available for use and granted by Parliament at quarter end.

Return to footnote * referrer