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Section III – Supplementary Information

Financial Highlights

The financial highlights presented in this section are drawn from the Secretariat's financial statements. The financial statements are prepared in accordance with Treasury Board accounting policies, which are consistent with generally accepted accounting principles for the Canadian public sector.

The Secretariat's assets mainly constitute accounts receivable from other government departments and agencies, whereas its liabilities are mostly accounts payable to these government organizations and public service insurance payments. The expenses include approximately $2.067 billion for government-wide programs such as the Public Service Health Care Plan, the Public Service Dental Care Plan, and other insurance and pension programs. Revenues consist mainly of parking revenues.

Condensed Statement of Financial Position

($ thousands)

Condensed Statement of Financial Position At End of Year (March 31, 2010)	% Change	2010	2009
Total Assets	177%	674,240	243,175
Total Liabilities	29%	613,038	474,649
Total Equity	126%	61,202	(231,474)
Total	177%	674,240	243,175

The increase of $431 million in total assets is almost entirely related to receivables from other federal government departments and agencies set up as year-end adjustments for employee benefit plans, such as the Public Service Superannuation Act, which increased from $229 million to $657 million. Most of these receivables are cleared within the first two months of the new fiscal year. The increase in receivables adjustments is due to the increasing size of the public service and the costs of these benefit plans.

The increase in total liabilities of $138 million is mostly attributable to an increase in accounts payable from $439 million to $567 million. These reflect payables to other government departments and agencies set up as year-end adjustments for employee benefit plans, or estimates of external payables for the Public Service Health Care Plan, the Public Service Dental Care Plans, and the Pensioner's Dental Services Plan. The payables for employee benefit plans are also cleared within the first two months of the new fiscal year, whereas the external payables set up for the health and dental plans are cleared for the most part within a year of being established. The increase in payable adjustments is related to the growing size of the employee benefit plans and the health and dental plans.

Assets, liabilities, and equity also reflect increases resulting from the merger of the CPSA with the Secretariat.

Condensed Statement of Financial Operations

($ thousands)

Condensed Statement of Financial Operations At End of Year (March 31, 2010)	% Change	2008–09	2009–10
Total Expenses	20%	2,367,586	1,971,599
Total Revenues	4%	16,447	15,753
Net Cost of Operations	20%	2,351,139	1,955,846

The increase in expenses is attributable mostly to increases in costs for the various health, dental, and insurance plans and related provincial health care premiums and taxes. Although these expenses are for public servants across all departments and agencies, the costs are recorded by the Secretariat. The costs of these insurance plans increased by approximately $325 million.

Other Items of Interest

The following tables are located on the Secretariat website:

• Appendix A—Votes
• Appendix B—Definitions of the Criteria for Performance Status Rankings
• Treasury Board of Canada Secretariat Financial Statements (unaudited)

Supplementary Information Tables

The following tables are located on the Secretariat website:

• Sources of Respendable and Non-Respendable Revenue
• User Fees Reporting
• Green Procurement
• Response to Parliamentary Committees and External Audits
• Internal Audits and Evaluation

 

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[1] All of the Secretariat's priorities are ongoing for the three-year reporting period.

[2] The quote is from the Seventeenth Annual Report to the Prime Minister on the Public Service of Canada.

[3] The performance measures correspond to the longer-term performance indicators in
the 2009–10 RPP.

[4] See Appendix B—Definitions of the Criteria for Performance Status Ranking.

[5] A third performance indicator was identified in the 2009–10 RPP, namely, the "extent to which Treasury Board policies achieve intended results." The Secretariat does not have the appropriate data to measure this result at this time. However, through the Policy Suite Renewal Initiative, all policies will be reviewed on a five-year cycle.

[6] As it is early in the implementation stage for most policies, the Secretariat has insufficient evidence to assess which departments and agencies have successfully phased in the renewed polices.

[7] Organisation for Economic Co-operation and Development, Public Sector Integrity: A Framework for Assessment, p. 86.

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