Archived – Section III: Supplementary information—2016–17 Report on Plans and Priorities

Archived information

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Future-oriented condensed statement of operations

The future-oriented condensed statement of operations provides a general overview of the Public Services and Procurement Canada's (PSPC) operations. The forecast of financial information on expenses and revenues is prepared on an accrual accounting basis.

Amounts in this section of the report are presented on an accrual basis of accounting, causing a difference in comparison to other sections where amounts are presented on an expenditure basis. A reconciliation between the two methods of accounting is presented below.

The detailed 2016–17 consolidated future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, are available on Public Services and Procurement Canada's website.

Future-oriented condensed statement of operations for the year ended March 31, 2016 (in dollars)
Financial information Estimated results
2015–16
Planned results
2016–17
Difference
Total expenses 5,844,800 5,572,700 (272,100)
Total revenues 2,955,300 3,055,600 (100,300)
Net cost of operations 2,889,500 2,517,100 (372,400)

The decrease of $272.1 million in 2016–17 Planned Expenses, when compared to the 2015–16 Forecasted Expenses, is mainly attributable to:

As PSPC's revenues and expenses are closely correlated, the increase of $100.3 million in 2016–17 Planned Revenues when compared to 2015–16 Forecasted Revenues is mainly attributable to:

List of supplementary information tables

The supplementary information tables listed in the 2016–17 Departmental Performance Report are available for consultation:

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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