Quarterly Financial Report
For the quarter ended September 30, 2017
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 and girls' economic security and prosperity;
- ending violence against women and girls; and
- supporting the advancement and increased representation of women and girls in leadership and decision-making roles.
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.
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 2017-18 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 money 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 results 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, 2017 in comparison to the prior year.
2.1 Significant changes to authorities
As reflected in the Statement of Authorities, SWC received additional budgetary authorities ($6.3 million) in this fiscal year compared to the previous year to increase capacity at SWC as announced in Budget 2016. This represents an increase of 19% compared to the previous year.
2.2 Significant changes to expenditures
Overall there has been a slight increase (2%) in the budgetary expenditures for the quarter ending September 30, 2017 compared to the same quarter last fiscal year.
Compared to the previous year, the expenditures at the quarter ending September 30, 2017 have increased by $0.1 million, from $6.7 million to $6.8 million (Figure 1).
This 2% increase is primarily due to an increase of $0.5 million in personnel costs, a decrease of $0.5 million in Grants & Contributions, a decrease of $0.1 million in transportation costs, an increase in $0.1 million in professional services, with the remaining balance distributed to other operating expenditures.
Figure 1 outlines the total authorities available for use and total expenditures for the second quarter.
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
The agency now has a dedicated Minister for Status of Women as a result of the 2015 federal election. This has a significant impact on internal services operations and personnel in order to provide support to the Minister’s office directly when in the past, these services were provided by another department. Budget 2016 announced total investments of $23.3 million over five years, starting in 2016-17 to increase capacity at Status of Women Canada. In fiscal year 2017-18 SWC received additional budget to undertake the following initiatives:
- Increase research and evaluation function;
- Expand regional presence;
- Increase Gender Based Analysis function; and
- Increase capacity at Status of Women Canada
Approval by Senior Officials
November 17, 2017
Chief Financial Officer
Statement of Authorities (unaudited)
|(in thousands of dollars)||Fiscal Year 2017-2018||Fiscal Year 2016-2017|
|Empty||Total available for use for the year ending March 31, 2018 Footnote *||Used during the quarter ended September 30, 2017||Year to date used at quarter-end||Total available for use for the year ending March 31, 2017 Footnote *||Used during the quarter ended September 30, 2016||Year to date used at quarter-end|
|Vote 1 - Operating expenditures||16,099||3,555||6,111||10,270||3,064||5,618|
|Vote 5 - Grants and Contributions||20,580||2,827||9,630||20,630||3,303||5,357|
|Employee Benefit Plan||1,787||447||894||1,305||326||653|
|Minister's Car Allowance||2||1||1||-||-||-|
|Total Budgetary authorities||38,468||6,830||16,636||32,205||6,693||11,628|
Departmental budgetary expenditures by Standard Object (unaudited)
|(in thousands of dollars)||Fiscal year 2017-2018||Fiscal year 2016-2017|
|Empty||Total available for use for the year ending March 31, 2018 Footnote*||Used during the quarter ended September 30, 2017||Year to date used at quarter-end||Total available for use for the year ending March 31, 2017 Footnote*||Used during the quarter ended September 30, 2016||Year to date used at quarter-end|
|Transportation and communications||957||147||249||611||217||318|
|Professional and special services||2,154||412||600||1,181||294||444|
|Repair and maintenance||499||1||1||70||0||0|
|Utilities, materials and supplies||127||25||28||71||11||17|
|Acquisition of machinery and equipment||197||68||134||199||64||167|
|Other subsidies and payments||2||8||8||1||0||0|
|Total gross Budgetary expenditures||38,468||6,830||16,636||32,205||6,693||11,628|
|Less: Revenues netted against expenditures||-||-||-||-||-||-|
|Total net budgetary expenditures||38,468||6,830||16,636||32,205||6,693||11,628|
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