Quarterly Financial Report
For the quarter ended September 30, 2014
Long text descriptions of graphs

Graph 1: Comparison of Authorities Available for Use as of September 30, 2014 and September 30, 2013

Bar graph showing the comparison of authorities available for use as of September 30, 2014 and September 30, 2013.

  • Levels for Contributions (Voted and Statutory) available as of the end of Quarter 2 (Q2) of 2014-15 were approximately $3.5 billion, which represents a $416 million decrease in comparison to Q2 2013-14 levels.
  • As of Q2 2014-15, operating authorities received were $75 million including carry forward from 2013-14, which represents an increase of $33 million from Q2 2013-14 costs.
  • Capital authorities were $93 million as of Q2 2014-15, in comparison to no capital expenses available as of Q2 2013-14.
  • Contributions to the Employee Benefit Plan authorities provided increased from $4.986 million available as of Q2 2013-14 to $6.543 million in Q2 2014-15.
  • Taking all of the above into account, the total of authorities available for use in 2014-15 represents a $288 million decrease, compared with the authorities available for use as of the same quarter in the prior year.

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Graph 2: Comparison of Authorities Used as of September 30, 2014 and September 30, 2013

Bar graph showing the comparison of authorities used as of September 30, 2014 and September 30, 2013.

  • Contributions (Voted & Statutory) expensed as of Q2 2014-15 ($1,372 million) decreased by $114 million compared to Q2 2013-14 ($1,486 million).
  • There was also a nearly $14 million increase in operating expenses.
  • Total budgetary expenditures were $1,403 million, compared to $1,506 million reported in the same period of 2013-14, indicating a decrease of 7% between the two years.

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Graph 3: Comparison of Authorities Used for Contributions (Voted and Statutory), as of September 30, 2014 and September 30, 2013

Bar graph showing the comparison of authorities used for Contributions (Voted and Statutory) as of September 30, 2014 and September 30, 2013. Contributions (Voted & Statutory) expensed in Q2 2014-15 ($1,372 million) were significantly lower than in Q2 2013-14 ($1,486 million), showing a $114 million decrease in spending.

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Graph 4: Comparison of Authorities Used for Operating Vote as of September 30, 2014 and September 30, 2013

Bar graph showing the comparison of authorities used for operating vote as of September 30, 2014 and September 30, 2013. There was also a $14 million increase in operating expenses, rising in Q2 2014-15 to $31 million from $17 million in Q2 last year, mostly due to the addition of the Federal Montreal Bridges (FMB) branch.

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