Quarterly Financial Report
For the quarter ended June 30, 2014

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

1. Introduction

This quarterly report has been prepared by management as required by section 65.1 of the Financial Administration Act and in the form and manner prescribed by the Treasury Board Accounting Standard 1.3. It should be read in conjunction with the Main Estimates. This report has not been subject to an external audit or review.

1.1 Authority, Mandate and Program Activities

Status of Women Canada (SWC) is a federal government agency 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 2014-15 Report on Plans and Priorities and 2014-15 Main Estimates.

1.2 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 agency’s spending authorities granted by Parliament and those used by the agency consistent with the Main Estimates for the 2014-15 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 agency 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 (YTD) 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 June 30, 2014 in comparison to the prior year.

2.1 Significant changes to authorities

As reflected in the Statement of Authorities, SWC received for the first quarter similar budgetary authorities in this fiscal year compared to the previous year. 

2.2 Significant changes to expenditures

Overall, the proportion of SWC’s total budgetary expenditures as of June 30, 2014, is comparable to the expenditures as of June 30, 2013 with approximately 18 percent of the authorities available for use expended at the end of the first quarter.

Compared to the previous year, the expenditures at the quarter ending June 30, 2014, have increased by $825 thousand (18%), climbing from $4,487 thousand to $5,312 thousand (Figure 1).

This 18 percent increase is primarily explained by an increase of $738 thousand in transfer payments due to project payment schedules that vary from year to year. The increase of $266 thousand in other subsidies and payments is due to a one-time transition payment for implementing salary payment in arrears by the Government of Canada. The rest of the categories of expenditures have decreased compared to the same period last year by a total of $179 thousand.

The majority of the expenditures are for transfer payments and personnel expenditures, which represents 91 percent of the total gross amount spent as of June 30, 2014.

Figure 1 outlines the total authorities available for use and total expenditures for the first quarter.

Figure 1:
(in thousands)

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

Figure 1 - Text Equivalent

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.

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:

Meena Ballantyne, Deputy Head
Gatineau, Canada
Anik Lapointe
Chief Financial Officer

August 8, 2014

Status of Women Canada
Statement of Authorities (unaudited)
For the quarter ended June 30, 2014

(in thousands of dollars) Fiscal year 2014-2015 Fiscal year 2013-2014
Planned expenditures for the year ending March 31, 2015Footnote * Expended during the quarter ended June 30, 2014 Year to date used at quarter-end Planned expenditures for the year ending March 31, 2014Footnote * Expended during the quarter ended June 30, 2013 Year to date used at quarter-end
Vote 25 - Operating expenditures 9,371 2,452 2,452 9,339 2,355 2,355
Vote 30 - Grants and Contributions 19,033 2,559 2,559 19,033 1,821 1,821
Statutory authorities
Employee Benefit Plan 1,204 301 301 1,245 311 311
Total budgetary authorities 29,608 5,312 5,312 29,617 4,487 4,487

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 June 30, 2014

(in thousands of dollars) Fiscal year 2014–2015 Fiscal year 2013–2014
Planned Expenditures for the year ending March 31, 2015Footnote * Expended during the quarter ended June 30, 2014 Year to date used at quarter-end Planned Expenditures for the year ended March 31, 2014Footnote * Expended during the quarter ended June 30, 2013 Year to date used at quarter-end
Total net budgetary expenditures 29,608 5,312 5,312 29,617 4,487 4,487
Expenditures
Personnel 8,500 2,275 2,275 8,398 2,388 2,388
Transportation and communications 574 63 63 605 77 77
Information 125 8 8 131 18 18
Professional and special services 1,014 97 97 1,069 106 106
Rentals 56 39 39 59 51 51
Repair and maintenance 63 0 0 66 5 5
Utilities, materials and supplies 63 3 3 66 3 3
Acquisition of machinery and equipment 178 2 2 188 18 18
Transfer payments 19,033 2,559 2,559 19,033 1,821 1,821
Other subsidies and payments 2 266 266 2 0 0
Total gross Budgetary expenditures 29,608 5,312 5,312 29,617 4,487 4,487
Less Revenues netted against expenditures - - - - - -

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