Future-Oriented Statement of Operations 2019–2020 (Unaudited)

Notes to the Future-Oriented Statement of Operations (unaudited)

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 2018–19 is based on actual results as at November 30, 2018, and on forecasts for the remainder of the fiscal year. Forecasts have been made for the planned results for fiscal year 2019–20.

The main assumptions underlying the forecasts are as follows: 

• The School's activities will remain substantially the same as in the previous year.
• Expenses and revenues, including the determination of amounts internal and external to the government, are based on past experience. The general historical pattern is expected to continue.

These assumptions are made as at November 30, 2018.

2. Variations and changes to the forecast financial information

Although every attempt has been made to forecast final results for the remainder of 2018–19 and for 2019–20, 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 School has made estimates and assumptions about 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:

• The timing and the amount of acquisitions and disposals of equipment, which may affect gains, losses and amortization expense
• The implementation of new collective agreements
• Other changes to the operating budget, such as new government-wide initiatives or technical adjustments later in the fiscal year

After the Departmental Plan is tabled in Parliament, the School 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 2018–19, 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:

1. Expenses

   Expenses 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 are also included in other expenses.

2. Revenues

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

4. Parliamentary authorities

The School is financed by the Government of Canada through parliamentary authorities. Financial reporting of authorities provided to the School 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 School has a different net cost of operations for the year on a government funding basis than on an accrual accounting basis. Those differences are reconciled in the following tables:

1. Reconciliation of net cost of operations to requested
   
   

   a. Reconciliation of net cost of operations to requested authorities requested. The first column presents the net cost of operations before government funding and transfers; adjustments for items affecting the net cost of operation but not affecting authorities (broken down into revenues, services provided without charge by other government departments, the increase in employee future benefits, amortization of tangible capital assets, and the increase in vacation pay and compensatory leave); total items affecting net cost of operations but not affecting authorities; adjustments for items not affecting net cost of operations but affecting authorities, (listed as acquisition of tangible capital assets); total items not affecting net cost of operations but affecting authorities and requested authorities. The second column presents the forecast results for 2018–19 in dollars for each line item in the first column. The last column presents the planned results for 2019–20 in dollars for each line item in the first column.

   Reconciliation of net cost of operations to requested authorities (in dollars)	Forecast results 2018–19	Planned results 2019–20
   Net cost of operations before government funding and transfers	86,344,695	84,235,558
   Adjustments for items affecting net cost of operations but not affecting authorities
   Revenues	9,781,423	15,460,524
   Services provided without charge by other government departments	(12,119,284)	(12,680,722)
   Decrease (increase) in employee future benefits	420,752	(17,265)
   Amortization of tangible capital assets	(1,594,942)	(2,375,157)
   Decrease (increase) in vacation pay and compensatory leave	37,592	202,320
   Total adjustments for items affecting net cost of operations but not affecting authorities	(3,474,459)	589,700
   Adjustments for items not affecting net cost of operations but affecting authorities
   Acquisition of tangible capital assets	3,866,959	2,852,500
   Total adjustments for items not affecting net cost of operations but affecting authorities	3,866,959	2,852,500
   Current year authorities to be used	86,737,195	87,677,758

2. Authorities requested
   
   

   b. Authorities requested. The first column presents the authorities requested, listed as Vote 1 – Operating expenditures; total authorities requested; the statutory authorities, (broken down into spending of revenues pursuant to subsection 18(2) of the Canada School of Public Service Act and contributions to employee benefits plan); total statutory authorities and total authorities requested. The second column presents the forecast results for 2019 in dollars for each line item in the first column. The last column presents the planned results for 2020 in dollars for each line item in the first column.

   (in dollars)	2019	2020
   Authorities requested
   Vote 1 – Program expenditures	64,915,930	63,477,818
   Total authorities requested	64,915,930	63,477,818
   Statutory authorities
   Spending of revenues pursuant to subsection 18(2) of the Canada School of Public Service ActNote*	13,566,199	15,460,524
   Contributions to employee benefits plan	8,255,066	8,739,416
   Total statutory authorities to be used	21,821,265	24,199,940
   Current year authorities to be used	86,737,195	87,677,758

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