Future-Oriented Statement of Operations (unaudited)

For the Year Ended March 31
(in dollars)
Results for
Results for

Intergovernmental Conference Services
Internal Services





Total expenses 8,710,588 8,813,173

Sharing cost agreement – Transfers received from the provincial governments
Revenues earned on behalf of government





Total revenues 0 0
Net cost of operations before government funding and transfers 8,710,588 8,813,173

1. Methodology and significant assumptions

The future-oriented statement of operations has been prepared on the basis of government priorities and departmental plans as described in the Departmental Plan.

The information in the forecast results for fiscal year 2023−24 is based on actual results as at January 5, 2024 and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for the 2024−25 fiscal year.

The main assumptions underlying the forecasts are as follows:

  1. The Canadian Intergovernmental Conference Secretariat’s (the Secretariat) activities will remain substantially the same as the previous.
  2. The Secretariat expects that in fiscal years 2023-24 and 2024-25, in person conferences will increase. This will result in higher operating and maintenance costs as they relate to program delivery.
  3. Expenses and revenues, including the determination of amounts internal and external to the government, are based on historical experience. The general historical pattern is expected to continue.

These assumptions are made as at January 5, 2024.

2. Variations and changes to the forecast financial information

Although every attempt has been made to forecast final results for the remainder of 2023-24 and for 2024-25, 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 Statement of Operations, the Canadian Intergovernmental Conference Secretariat (CICS) has made estimates and assumptions concerning the future. These estimates and assumptions may differ from the subsequent actual results. Estimates and assumptions are based on past experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and are continually evaluated.

Factors that could lead to material differences between the Future-Oriented Statement of Operations and the historical statement of operations include:

  1. The timing and the amount of equipment acquisitions or disposals which may affect gains, losses and amortization expense.
  2. Implementation of new collective.
  3. Intergovernmental influences may affect the volume and complexity of conferences supported and managed by Conference.
  4. Other changes to the operating budget, such as new initiatives or technical adjustments later in the fiscal.

After the Departmental Plan is tabled in Parliament, the CICS 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 the Government of Canada’s accounting policies in effect for fiscal year 2023−24 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

Expenses for the CICS 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 others are also included in other expenses.

b) Revenues

Other revenues are recognized in the period the event giving rise to the revenues occurred.

Revenues that are non-respendable are not available to discharge the department’s liabilities. Although the deputy head is expected to maintain accounting control, he has no authority over the disposition of non-respendable revenues. As a result, non-respendable revenues are considered to be earned on behalf of the Government of Canada and are therefore presented as a reduction of the department’s gross revenues.

4. Parliamentary authorities

The department is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the department 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 department 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)

Results for

Results for

Net cost of operations before government funding and transfers

Adjustments for items affecting net cost of operations but not affecting authorities:

Amortization of tangible capital assets
Decrease (increase) in employee future benefits
Decrease (increase) in vacation pay and compensatory leave
Services provided without charge by other government departments







Total items affecting net cost of operations but not affecting authorities (814,826) (705,835)
Adjustments for items not affecting net cost of operations but affecting authorities:

Increased in prepaid expernses
Acquisition of tangible capital assets





Total items not affecting net cost of operations not affecting authorities 25,050 1,141
Requested authorities forecasted to be used 7,920,812 8,108,479


b) Authorities provided/requested
(in dollars)

Results for

Results for

Authorities provided/requested

Vote 1 − Operating expenditures
Statutory amounts





Total authorities provided/requested

Less: Estimated unused authorities and other adjustments

Requested authorities forecasted to be used



Totals may not add due to rounding

Forecast authorities reflect current forecasts of statutory items, approved initiatives included and expected to be included in Estimates documents and, when reasonable estimates can be made, estimates of amounts to be allocated from Treasury Board central votes.