Quarterly Financial Report
For the quarter ended December 31, 2014
Long text descriptions of graphs

Graph 1: Comparison of Authorities Available for Use as of December 31, 2014 and December 31, 2013

Bar graph showing the comparison of authorities available for use as of December 31, 2014 and December 31, 2013.

  • Levels for Contributions (Voted and Statutory) available as of the end of Quarter 3 (Q3) of 2014-15 were approximately $3.5 billion, which represents a $593 million decrease in comparison to Q3 2013-14 levels.
  • As of Q3 2014-15, operating authorities received were $75 million including carry forward from 2013-14, which represents an increase of $29 million from Q3 2013-14 costs.
  • Capital authorities were $94 million as of Q3 2014-15, in comparison to no capital expenses available as of Q3 2013-14.
  • Contributions to the Employee Benefit Plan authorities available as of the end of Quarter 3 (Q3) of 2014-15 were approximately $6.5 million, which represents a $1.6 million increase in comparison to Q3 2013-14 levels.
  • Taking all of the above into account, the total of authorities available for use in 2014-15 represents a $468 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 December 31, 2014 and December 31, 2013

Bar graph showing the comparison of authorities used as of December 31, 2014 and December 31, 2013.

  • Contributions (Voted & Statutory) expensed as of Q3 2014-15 ($2.6 billion) decreased by $329 million compared to Q3 2013-14 ($2.9 billion).
  • There was also a nearly $29 million increase in operating expenses.
  • Total budgetary expenditures were $2.6 billion, compared to $2.9 billion reported in the same period of 2013-14, indicating a decrease of 10% between the two years.

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Graph 3: Comparison of Authorities Used for Contributions (Voted and Statutory), as of December 31, 2014 and December 31, 2013

Bar graph showing the comparison of authorities used for Contributions (Voted and Statutory) as of December 31, 2014 and December 31, 2013. Contributions (Voted & Statutory) expensed in Q3 2014-15 ($2.6 billion) were significantly lower than in Q3 2013-14 ($2.9 billion), showing a $329 million decrease in spending.

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Graph 4: Comparison of Authorities Used for Operating Vote as of December 31, 2014 and December 31, 2013

Bar graph showing the comparison of authorities used for operating vote as of December 31, 2014 and December 31, 2013. There was a $29 million increase in operating expenses, rising in Q3 2014-15 to $56 million from $27 million in Q3 last year, mostly due to the addition of the Federal Montreal Bridges (FMB) branch.

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