ARCHIVED - National Energy Board - 2014-2015 - Report on Plans and Priorities - Section III: Supplementary Information

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Section III: Supplementary Information

Future-Oriented Statement of Operations

The future-oriented condensed statement of operations presented in this subsection is intended to serve as a general overview of the National Energy Board’s operations. The forecasted financial information on expenses and revenues are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.

Because the future-oriented statement of operations is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.

A more detailed future-oriented statement of operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, can be found on the National Energy Board’s website[xiii] .

Future-Oriented Condensed Statement of Operations
For the Year Ended March 31 (dollars)
Financial
information
Estimated
Results
2013-14
Planned
Results
2014-15
Change
Total expenses 86,775,129 87,156,971 381,842
Total revenues - - -
Net cost of operations 86,775,129 87,156,971 381,842

There are no significant variances between 2014-15 planned and 2013-14 estimated results.

List of Supplementary Information Tables

The supplementary information tables listed in the 2014-15 Report on Plans and Priorities can be found on the National Energy Board’s website[xiv].

Tax Expenditures and Evaluations Report

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[xv] 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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