2022–23 Future-Oriented Statement of Operations

(Back to 2022–23 Departmental Plan)

Future-Oriented Statement of Operations (unaudited)

For the year ending March 31

(in dollars) Forecast Results 2021–22 Planned Results 2022–23
Expenses

 - Public sector disclosures of wrongdoing and complaints of reprisal

4,118,913 4,524,988

 - Internal services

2,517,691 2,269,307
Net cost of operations before government funding and transfers 6,636,604 6,794,295

The accompanying notes form an integral part of the Future-Oriented Statement of Operations.

Notes to the Future-Oriented Statement of Operations (unaudited)

1. Methodology and significant assumptions

The Future-Oriented Financial Statement of Operations has been prepared based on the government priorities and departmental plans of the Office of the Public Sector Integrity Commissioner (the Office) as described in the Departmental plan.

The information in the forecast results for fiscal year 2021–22 is based on actual results as at February 3, 2022, and on forecasts for the remainder of the year. Forecasts have been made for the planned results for the 2022–23 fiscal year.

The main assumptions underlying the forecasts are as follows:

  • The Office's activities will remain substantially the same as the previous year.
  • Expenses, including the determination of amounts internal and external to the government, are based on experience. The general historical pattern is expected to continue.

These assumptions are adopted as at February 3, 2022.

2. Variations and changes to the forecast financial information

Although every attempt has been made to forecast final results for the remainder of 2021–22 and for 2022–23, actual results achieved for both years are likely to differ from the forecast information presented, and this variation could be material.

In preparing this future-oriented financial statement of operations the Office has made estimates and assumptions concerning the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are continually evaluated and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Factors that could lead to material differences between the future-oriented statement of operations and the historical statement of operations include:

  • The timing and amounts of acquisitions and disposals of property, plant and equipment may affect gains/losses and amortization expense.
  • Implementation of new collective agreements.
  • Other changes to the operating budget, such as new initiatives or technical adjustments later in the fiscal year.

After the Departmental Plan is tabled in Parliament, the Office will not be updating the forecasts for any changes in financial resources made in ensuing supplementary estimates. Variances will be explained in the Departmental Results Report.

3. Summary of significant accounting policies

The Future-Oriented Statement of Operations has been prepared using Government's accounting policies that came into effect for the 2021–22 fiscal year and is based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

a) Expenses

Transfer payments are recorded as an expense when the recipient has met the eligibility criteria and fulfilled the terms of a contractual transfer agreement.

Expenses for the Office are generally recorded when goods are received or services are rendered and include expenses related to personnel, professional and special services, repair and maintenance, utilities, materials and supplies, as well as amortization of tangible capital assets. Provisions to reflect changes in the value of assets or liabilities, such as provisions for bad debts, loans, investments and advances and inventory obsolescence, as well as utilization of inventories and prepaid expenses, and other are also included in other expenses.

4. Parliamentary authorities

The Office is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the Office differs from financial reporting according to generally accepted accounting principles because authorities are based mainly on cash flow requirements. Items recognized in the Future-Oriented Statement of Operations in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, the Office has different net cost of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

a) Reconciliation of net cost of operations to requested authorities

(in dollars) Forecast Results 2021–22 Planned Results 2022–23
Net cost of operations before government funding and transfers 6,636,604 6,794,295
Adjustment for items affecting net cost of operations but not affecting authorities:
 - Amortization of tangible capitals assets (218,510) (231,775)
 - Decrease (increase) in employee future benefits - (2,500)
 - Decrease (increase) in vacation pay and compensatory leave (8,684) 76,747
 - Services provided without charge by other government departments (785,799) (786,782)
 - Total items affecting net cost of operations but not affecting authorities (1,012,993) (944,310)
Adjustment for items not affecting net cost of operations but affecting authorities:
 - Increase in prepaid expenses - -
 - Acquisitions of tangible capital assets 10,755 80,000
 - Total items not affecting net cost of operations but affecting authorities 10,755 80,000
Requested authorities 5,634,366 5,929,985

b) Authorities provided/requested

(in dollars) Forecast Results 2021–22 Planned Results 2022–23
Authorities requested
 - Vote 1 - Program expenditures 5,345,914 5,375,038
 - Statutory amounts 547,052 554,947
Authorities Available 5,892,966 5,929,985
 - Lapse 258,600 -
Requested authorities 5,634,366 5,929,985