2014–15 - Report on Plans and Priorities
Section III: Supplementary Information
Future-Oriented Statement of Operations
The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the CGC’s operations. The forecasted financial information on expenses and revenues are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.
Because the future-oriented statement of operations is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.
A more detailed future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, can be found on the CGC’s website.
For the Year Ended March 31 (dollars)
|Financial information||Estimated Results 2013−14||Planned Results 2014–15||Change|
|Net cost of operations||(25,155,975)||(3,231,259)||21,924,716|
Variances between 2014–15 planned results and 2013-14 estimated results are because these years are transition years as a result of amendments to the Canada Grain Act and implementation of revised user fees that took effect concurrently on August 1, 2013. Detailed future-oriented statement of operations and associated notes can be found on the CGC’s website.
List of Supplementary Information Tables
The supplementary information tables listed in the 2014–15 Report on Plans and Priorities can be found on the Canadian Grain Commission’s website.
- Greening Government Operations; and
- Upcoming Internal Audits and Evaluations over the next three fiscal years.
Tax Expenditures and Evaluations
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.
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