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Public Works and Government Services Canada (PWGSC) is one of the initial departments participating in the Treasury Board Secretariat's Accrual Budgeting two year Pilot Project.
To demonstrate departmental commitment to this Treasury Board Secretariat-led initiative, PWGSC is presenting future-oriented financial statements for our six active revolving funds. A condensed view of the statements of operations and financial position is presented below. A full set of future-oriented financial statements for each revolving fund may be found on the Department's website at http://www.tpsgc-pwgsc.gc.ca/rapports-reports/rpp/index-eng.html. These future-oriented statements have been prepared on an accrual basis of accounting in accordance with Treasury Board Standards and Receiver General Guidelines.
For the preparation of the 2011-2012 Report on Plans and Priorities, PWGSC is exploring how to integrate ‘Accrual Budgeting' practices into the Department's planning framework in order to present consolidated departmental future-oriented financial statements.
Forecast for the fiscal years ending March 31 | ||||||
---|---|---|---|---|---|---|
Revised 2009-2010 | 2010-2011 | |||||
Revenues | Expenses | Net Results | Revenues | Expenses | Net Results | |
Consulting and Audit Canada | 38,209 | 42,339 | (4,130) | 41,354 | 41,359 | (5) |
Optional Services | 115,434 | 115,434 | 0 | 89,393 | 89,393 | 0 |
Real Property Disposition | 12,000 | 2,190 | 9,810 | 11,000 | 1,976 | 9,024 |
Real Property Services | 1,645,171 | 1,645,171 | 0 | 1,813,142 | 1,813,142 | 0 |
Telecommunications and Informatics Common Services | 239,149 | 247,288 | (8,139) | 251,326 | 246,384 | 4,942 |
Translation Bureau | 214,244 | 218,961 | (4,717) | 221,862 | 226,688 | (4,826) |
Forecast for the fiscal years ending March 31 | ||||||
---|---|---|---|---|---|---|
Revised 2009-2010 | 2010-2011 | |||||
Assets | Liabilities | Equity of Canada | Assets | Liabilities | Equity of Canada | |
Consulting and Audit Canada | 5,138 | 9,756 | (4,618) | 5,090 | 10,273 | (5,183) |
Optional Services | 4,290 | 7,314 | (3,024) | 4,290 | 7,314 | (3,024) |
Real Property Disposition | 3,941 | 450 | 3,491 | 3,941 | 400 | 3,541 |
Real Property Services | 294,700 | 412,384 | (117,684) | 327,184 | 447,519 | (120,335) |
Telecommunications and Informatics Common Services | 46,003 | 51,254 | (5,251) | 47,803 | 51,137 | (3,334) |
Translation Bureau | 27,553 | 56,527 | (28,974) | 22,327 | 54,639 | (32,312) |
The following tables are located on the Treasury Board Secretariat website
(http://www.tbs-sct.gc.ca/):
PWGSC has several on-going roles in the context of the Federal Contaminated Sites Action Plan (FCSAP). As a Custodian, PWGSC completes assessments on a portion of its real property portfolio where the responsibility for the identification, reporting, and management of contamination and the reporting of liability clearly rests with PWGSC. Furthermore PWGSC has an expert support mandate to the FCSAP Secretariat to develop project management tools and best practices, to collect and share information on innovative technologies and to liaise with the environmental industry. Lastly, as an Optional Service Provider, PWGSC is actively involved in the remediation of federal contaminated sites across Canada, helping to restore these lands. These roles are identified in Table 4 on Horizontal Initiatives, as noted above.