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Quarterly Financial Report
For the quarter ended September 30, 2014
Statement outlining results, risks and significant changes in operations, personnel and programming
1. Introduction
This quarterly report has been prepared by management as required by section 65.1 of the Financial Administration Act and in the form and manner prescribed by the Treasury Board Accounting Standard 1.3. It should be read in conjunction with the Main Estimates. This report has not been subject to an external audit or review.
1.1 Authority, Mandate and Program Activities
Status of Women Canada (SWC) is a federal government agency that promotes equality for women and their full participation in the economic, social and democratic life of Canada.
SWC works to advance equality for women and to remove barriers to women's participation in society, putting particular emphasis on three priority areas:
- Increasing women's economic security and prosperity;
- encouraging women's leadership and democratic participation; and
- ending violence against women.
SWC is also responsible for providing strategic policy advice and gender-based analysis support, administering the Women's Program and promoting commemorative events related to women and girls in Canada. The organization also plays an important role in Canada's efforts to meet its international obligations on gender equality.
Further details on SWC's mandate, raison d'être, responsibilities and program activities may be found in the organization's 2014-15 Report on Plans and Priorities and 2014-15 Main Estimates.
1.2 Basis of Presentation
This quarterly report has been prepared by SWC management using an expenditure basis of accounting. The accompanying Statement of Authorities includes the agency's spending authorities granted by Parliament and those used by the agency consistent with the Main Estimates and Supplementary Estimates for the 2014-15 fiscal year. This quarterly report has been prepared using a special purpose financial reporting framework designed to meet financial information needs with respect to the use of spending authorities.
The authority of Parliament is required before moneys can be spent by the Government. Approvals are given in the form of annually approved limits through appropriation acts or through legislation in the form of statutory spending authority for specific purposes.
The agency uses the full accrual method of accounting to prepare and present its annual departmental financial statements that are part of the departmental performance reporting process. However, the spending authorities voted by Parliament remain on an expenditure basis.
2. Highlights of fiscal quarter and fiscal year to date (YTD) results
This section highlights the significant items that contributed to the net increase or decrease in resources available for the year and actual expenditures for the quarter ended September 30, 2014 in comparison to the prior year.
2.1 Significant changes to authorities
As reflected in the Statement of Authorities, total authorities as of September 30, 2014 increased by two percent compared to the total available for use as of September 30, 2013. This increase is due to the operating budget carry-forward received in the second quarter for a total of $466K.
2.2 Significant changes to expenditures
SWC's expenditures in the second quarter of 2014-15 were $6,030K, up 5 percent or $288K from the same period last year, with the following major changes by standard object:
- an increase of $198K in transfer payments due to project payment schedules that vary from year to year;
- an increase of $62K in personnel due to a salary increase administered by collective agreements;
- an increase of $37K in professional and special services mainly due to an increase in translation services;
- an overall decrease of $9K in the other categories of expenditures.
For the second quarter of 2014-15, 95 percent of the total gross amount spent are for transfer payments and personnel expenditures.
Figure 1 outlines the total authorities available for use and total expenditures for the second quarter.
3. Risks and uncertainties
SWC approaches risk as an integral part of its planning process, recognizing the need for strong risk management in all of its operations, as well as at the corporate level. SWC's corporate risk profile, review of budgetary challenges, management practices and risk mitigation strategies were all monitored on a regular basis by its senior management.
4. Significant changes in operations, personnel and programs
There have been no significant changes in operations, personnel and programs over the last year.
5. Budget 2012 Implementation
No budgetary reductions have resulted from Budget 2012.
Approved by:
Gatineau, Canada
November 18, 2014
Chief Financial Officer
Status of Women Canada
Statement of Authorities (unaudited)
For the quarter ended September 30, 2014
(in thousands of dollars) | Fiscal year 2014-2015 | Fiscal year 2013-2014 | |||||
---|---|---|---|---|---|---|---|
Total available for use for the year ending March 31, 2015Footnote * | Used during the quarter ended September 30, 2014 | Year to date used at quarter-end | Total available for use for the year ending March 31, 2014Footnote * | Used during the quarter ended September 30, 2013 | Year to date used at quarter-end | ||
Vote 25 - Operating expenditures | 9,838 | 2,353 | 4,805 | 9,339 | 2,258 | 4,613 | |
Vote 30 - Grants and Contributions | 19,033 | 3,376 | 5,935 | 19,033 | 3,178 | 5,000 | |
Statutory authorities | |||||||
Employee Benefit Plan | 1,204 | 301 | 602 | 1,245 | 305 | 616 | |
Total Authorities - Budgetary | 30,075 | 6,030 | 11,342 | 29,617 | 5,741 | 10,229 |
Footnotes
- Includes only authorities available for use and granted by Parliament at quarter end
-
Includes only authorities available for use and granted by Parliament at quarter end
Status of Women Canada
Departmental budgetary expenditures by Standard Object (unaudited)
For the quarter ended September 30, 2014
(in thousands of dollars) | Fiscal year 2014–2015 | Fiscal year 2013–2014 | |||||
---|---|---|---|---|---|---|---|
Total available for use for the year ending March 31, 2015Footnote * | Used during the quarter ended September 30, 2014 | Year to date used at quarter-end | Total available for use for the year ending March 31, 2014Footnote * | Used during the quarter ended September 30, 2013 | Year to date used at quarter-end | ||
Total net budgetary expenditures | 30,075 | 6,030 | 11,342 | 29,617 | 5,741 | 10,229 | |
Expenditures | |||||||
Personnel | 8,500 | 2,332 | 4,607 | 8,398 | 2,270 | 4,658 | |
Transportation and communications | 708 | 85 | 148 | 605 | 114 | 191 | |
Information | 151 | 34 | 43 | 131 | 14 | 33 | |
Professional and special services | 1,243 | 166 | 263 | 1,069 | 129 | 235 | |
Rentals | 71 | 4 | 43 | 59 | 17 | 68 | |
Repair and maintenance | 76 | 1 | 1 | 66 | 0 | 5 | |
Utilities, materials and supplies | 76 | 6 | 9 | 66 | 6 | 8 | |
Acquisition of machinery and equipment | 215 | 14 | 16 | 188 | 13 | 31 | |
Transfer payments | 19,033 | 3,376 | 5,935 | 19,033 | 3,178 | 5,000 | |
Other subsidies and payments | 2 | 11 | 277 | 2 | 0 | 0 | |
Total gross Budgetary expenditures | 30,075 | 6,030 | 11,342 | 29,617 | 5,741 | 10,229 | |
Less Revenues netted against expenditures | - | - | - | - | - | - |
Note: Totals may not add up and may not agree with details provided in other public documents due to rounding.
Footnotes
- Footnote 1
-
Includes only authorities available for use and granted by Parliament at quarter end
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