National Energy Board - 2016-2017 - Report on Plans and Priorities - Section III: Supplementary Information

Section III: Supplementary Information

Future-Oriented Condensed Statement of Operations

The Future-Oriented Condensed Statement of Operations provides a general overview of the NEB’s operations. The forecast of financial information on expenses and revenues is prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.

Because the Future-Oriented Condensed Statement of Operations is prepared on an accrual accounting basis, and the forecast and planned spending amounts presented in other sections of the Report on Plans and Priorities are prepared on an expenditure basis, amounts may differ.

A more detailed Future-Oriented Statement of Operations and associated notes, including a reconciliation of the net cost of operations to the requested authorities, are available on the NEB’s website.

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31
(dollars)
Financial Information 2015-16
Forecast Results
2016-17
Planned Results
Difference
Difference (2016-17 Planned Results
minus
2015-16 Forecast Results)
Total expenses 105,272,433 109,365,899 4,093,466
Total revenues - - -
Net cost of operations before
government funding and transfers
105,272,433 109,365,899 4,093,466

The increase in total expenses between 2015-16 and 2016-17 is primarily related to the full allocation of funds received through Budget 2015 for safety and environmental protection and greater engagement with Canadians.

Supplementary Information Tables

The supplementary information tables listed in the 2016-17 Report on Plans and Priorities are available on the NEB’s website.

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 Canada publishes cost estimates and projections for these measures each year in the Tax Expenditures and Evaluations publication. The tax measures presented in that publication are the responsibility of the Minister of Finance.

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