Quarterly Financial Report for the quarter ended June 30, 2018 Revised
Statement outlining results, risks and significant changes in operations, personnel and program Erratum Date: October 30, 2018 Location: Departmental budgetary expenditures by Standard Object (unaudited), Planned expenditures for the year ending March 31, 2018, Transportation and Communications. Revision: “Transportation and Communications – $929,000” replaces “Transportation and Communications – $920,000”. Rationale for the revision: Original amount reported was not correct. 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 Directive on Accounting Standard. This report should be read in conjunction with the 2018-19 Main Estimates (and as applicable – Supplementary Estimates and previous quarterly reports for the current year). The mandate of the Canadian Intergovernmental Conference Secretariat (CICS) is to support federal, provincial and territorial governments in the planning and conduct of senior level intergovernmental conferences held across Canada. The primary objective of CICS is to relieve client departments of the numerous technical and administrative tasks associated with the planning and conduct of multilateral conferences, thereby enabling participants to concentrate on substantive intergovernmental policy issues. CICS provides continuous, effective, impartial administrative services to these meetings. This quarterly report has not been subject to an external audit or review. Basis of Presentation This quarterly report has been prepared by management using an expenditure basis of accounting. The accompanying Statement of Authorities includes the department’s spending authorities granted by Parliament and those used by the department consistent with the 2018-19 Main Estimates and Supplementary Estimates (as applicable). 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. As part of the departmental performance reporting process, CICS prepares its annual departmental financial statements on a full accrual basis in accordance with Treasury Board accounting policies, which are based on Canadian generally accepted accounting principles for the public sector. However, the spending authorities voted by Parliament remain on an expenditure basis. 2. Highlights of fiscal quarter and fiscal year to date (YTD) results 2.1 Statement of Authorities CICS’ authorities available for 2018-19 are some $46 thousand higher than last fiscal year. An increase of $51 thousand in funding is attributable to new collective bargaining obligations. The employee benefit plan amount was also revised and reduced by $5 thousand due to provincial employees hired by CICS through the interchange program. 2.2 Statement of Department Budgetary Expenditures by Standard Object The operating expenses are some $33 thousand lower than for the same period in 2017-18. This variation is due to vacant positions and unplanned employees’ departures. It is expected that most of these vacancies will be staffed by the end of Q2. 3. Risks and Uncertainties Our program […]
by Mario Giasson
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Upcoming internal audits for the coming fiscal year 2018-19
Upcoming internal audits for the coming fiscal year Internal audits Title of internal audit Area being audited Status Expected completion date Horizontal Internal Audit of Compensation Pay System Corporate Services Planned September 2018 Horizontal Internal Audit of Project Management Conference Services and Internal Services Planned March 2019
by Thomas Walsh
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Planned evaluation coverage over the next five fiscal years 2018-19
Planned evaluation coverage over the next five fiscal years Planned evaluation coverage, 2018–19 to 2022–23 Program Last evaluation Evaluations planned in the next 5 years Fiscal year of approval 2018–19 Program spending covered by the planned evaluation (dollars) 2018–19 Program spending covered by all planned evaluations (dollars) 2018–19 Total program spending dollars) Rationale for not evaluating Program or spending Conference Services Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable
by Thomas Walsh
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