Quarterly Financial Report
For the quarter ended September 30, 2015
Statement outlining results, risks and significant changes in operations, personnel and programming
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 2015-16 Report on Plans and Priorities and 2015-16 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 2015-16 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 September 30, 2015 in comparison to the prior year.
2.1 Significant changes to authorities
As reflected in the Statement of Authorities, in the second quarter SWC received additional budgetary authorities in this fiscal year compared to the previous year. In the first quarter, SWC received $880 thousand for the implementation of the Action Plan to Address Family Violence and Violent Crimes Against Aboriginal Women and Girls, and received the Operating Budget Carry Forward in the second quarter.
2.2 Significant changes to expenditures
Overall, the proportion of SWC’s total budgetary expenditures as of September 30, 2015, has increased by 5% comparable to the expenditures as of September 30, 2014.
Compared to the previous year, the expenditures at the quarter ending September 30, 2015, have increased by $2,464 thousand (29%), from $6,030 thousand to $8,494 thousand (Figure 1).
This 29 percent increase is primarily due to an increase of $2,617 thousand (31%) in transfer payments that vary from year to year. It also represents a decrease of $159 thousand (2%) in personnel expenditures due to a one-time transition payment for implementing salary payment in arrears by the Government of Canada.
The majority of the expenditures are for transfer payments and personnel expenditures, which represents 96 percent of the total gross amount spent as of September 30, 2015.
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.
Approval by Senior Officials
Original signed by
Meena Ballantyne, Deputy Head
November 6, 2015
Original signed by
Chief Financial Officer
Status of Women Canada
|(in thousand of dollars)||Fiscal year 2015-2016||Fiscal year 2014-2015|
|Total available for use for the year ending March 31, 2016Table Note *||Used during the quarter ended September 30, 2015||Year to date used at quarter-end||Total available for use for the year ending March 31, 2015Table Note *||Used during the quarter ended September 30, 2014||Year to date used at quarter-end|
|Vote 1 - Operating expenditures||10,276||2,194||4,359||9,838||2,353||4,805|
|Vote 5 - Grants and Contributions||19,430||5,993||8,255||19,033||3,376||5,935|
|Employee Benefit Plan||1,282||307||614||1,204||301||602|
|Total - Budgetary||30,988||8,494||13,228||30,075||6,030||11,342|
Status of Women Canada
|(in thousands of dollars)||Fiscal year 2015-2016||Fiscal year 2014-2015|
|Total available for use for the year ending March 31, 2016Footnote *||Used during the quarter ended September 30, 2015||Year to date used at quarter-end||Total available for use for the year ending March 31, 2015Footnote *||Used during the quarter ended September 30, 2014||Year to date used at quarter-end|
|Transportation and communications||722||86||140||708||85||148|
|Professional and special services||1,385||208||328||1,243||166||263|
|Repair and maintenance||77||0||1||76||1||1|
|Utilities, materials and supplies||76||3||6||76||6||9|
|Acquisition of machinery and equipment||216||5||14||215||14||16|
|Other subsidies and payments||0||0||2||2||12||278|
|Total gross Budgetary expenditures||30,988||8,494||13,228||30,075||6,030||11,343|
|Less Revenues netted against expenditures||-||-||-||-||-||-|
|Total net budgetary expenditures||30,988||8,494||13,228||30,075||6,030||11,343|
Note: Totals may not add up and may not agree with details provided in other public documents due to rounding.
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