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For the Period ending March 31, 2009
Condensed Statement of Financial Position
Percentage Variance | 2009 ($) |
2008 ($) |
|
---|---|---|---|
Assets Total Assets |
(9.21%) | 256,582 | 282,620 |
Liabilities Total Liabilities |
2.55% | 518,308 | 505,415 |
Equity Total Equity |
17.74% | (261,726) | (222,795) |
Total | (9.21%) | 256,582 | 282,620 |
For the Period ending March 31, 2009
Condensed Statement of Operations
Percentage Variance | 2009 ($) |
2008 ($) |
|
---|---|---|---|
Expenses Total Expenses |
7.96% | 1,890,068 | 1,750,781 |
Revenues Total Revenues |
(42.73)% | 698 | 1,219 |
NET COST OF OPERATIONS | 7.99% | 1,889,370 | 1,749,562 |
Our financial statements are prepared in accordance with accrual accounting principles. The unaudited supplementary information presented in the financial tables in the DPR is prepared on a modified cash basis of accounting principles in order to be consistent with appropriations-based reporting. Note 3 of the financial statements reconciles these two accounting methods. For complete financial statements, please visit the Canadian Section website at: http://www.nafta-alena.gc.ca/en/view.aspx.
Mandate:
Size:
Role:
Reporting Relationship
The NAFTA Secretariat is a unique organization established by the Free Trade Commission, pursuant to Article 2002 of the NAFTA. It comprises the Canadian, the United States and the Mexican national sections.
The national sections, which are "mirror images" of each other, are located in Ottawa, Washington and Mexico City, and each is headed by a Secretary appointed by her/his respective government.
Each national section maintains a court-like registry relating to panel and committee proceedings. The involved national sections provide joint administration of panel and committee proceedings and share equally all expenses related to such proceedings. As a result, the national sections have harmonized their registry operations and records management practices. Further, the three national sections have jointly developed and administer the Integrated Registry Information System and the NAFTA Secretariat trilateral website, which are hosted by the Canadian Section. In light of this, the Canadian Section's relationship with its counterpart sections in the United States and Mexico is fundamental to its effective performance.
Special Travel Authorities:
The NAFTA Secretariat, Canadian Section follows the TBS Special Travel Authorities.
Travel Directive, Rates and Allowances:
The NAFTA Secretariat, Canadian Section follows the TBS Travel Directive, Rates and Allowances.
The mandate of the Secretariat is set out in Article 2002.3 of the NAFTA and reads:
The Secretariat shall:
a) provide assistance to the Commission;
b) provide administrative assistance to:
c) as the Commission may direct:
In 1997 and then again in 2002, the Canadian Section's mandate was expanded to include the administration of the dispute settlement processes under the following trade agreements:
Legislation governing the work of the Canadian Section is as follow:
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Office of the Secretary
NAFTA Secretariat, Canadian Section
90 Sparks Street, Suite 705
Ottawa, Ontario
K1P 5B4
Tel: (613) 992-9388
Fax: (613) 992-9392
World Wide Web: http://www.nafta-alena.gc.ca/