Quarterly Financial Report
For the quarter ended June 30, 2015
Long text descriptions of graphs

Graph 1:Comparison of Authorities Available for Use as of June 30, 2015 and June 30, 2014

Bar graph showing the comparison of authorities available for use as of June 30, 2015 and June 30, 2014.

  • Levels for Contributions (Voted and Statutory) available as of the end of Quarter 1 (Q1) of 2015-16 were approximately $3.5 billion, which represents an $81.7 million increase in comparison to Q1 2014-15 levels.
  • In Q1 2015-16, operating authorities received were $70 million, which represents a decrease of $3.4 million from Q1 2014-15.
  • Capital authorities received were $59 million in Q1 2015-16, which represents a decrease of $34.2 million from Q1 2014-15.
  • Contributions to the Employee Benefit Plan authorities decreased from $6.5 million in Q1 2014-15 to $5.6 million in Q1 2015-16.
  • Taking all of the above into account, the total of authorities available for use in 2015-16 represents a $43 million increase, compared with the authorities available for use in Q1 2014-15.

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Graph 2: Comparison of Authorities Used as of June 30, 2015 and June 30, 2014

Bar graph showing the comparison of authorities used as of June 30, 2015 and June 30, 2014.

  • Contributions (Voted & Statutory) expensed in Q1 2015-16 ($60 million) decreased by $638 million compared to Q1 2014-15 ($698 million).
  • There was also a nearly $1.3 million decrease in operating expenses.
  • There was no capital expenses recorded in both Q1 of 2015-16 and Q1 of 2014-15.
  • The was a $1.3 million increase in Employee Benefit Plans expenses in Q1 of 2015-16, compared to the same quarter the prior year.
  • Total budgetary expenditures were $72 million, compared to $710 million reported in the same period of 2014-15, indicating a decrease of 90% between the two years.

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Graph 3: Comparison of Authorities Used for Contributions (Voted and Statutory) as of June 30, 2015 and June 30, 2014

Bar graph showing the comparison of authorities used for Contributions (Voted and Statutory) as of June 30, 2015 and June 30, 2014.

  • Voted contributions  expensed in Q1 2015-16 were $60 million compared to $68 million in Q1 2014-15.
  • There was no statutory contribution expenses recorded in Q1 2015-16, while $630  million was expensed in Q1 of 2014-15.

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Graph 4: Comparison of Authorities Used for Operating Vote as of June 30, 2015 and June 30, 2014

Bar graph showing the comparison of authorities used for operating vote as of June 30, 2015 and June 30, 2014. There was also a nearly $1.3 million decrease in operating expenses, decreasing in Q1 2015-16 to $10.4 million from $11.7 million Q1 2014-15.

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