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

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

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

  • Levels for Contributions (Voted and Statutory) available as of the end of Quarter 2 (Q2) of 2015-16 were approximately $3.5 billion, which represents an $81.7 million increase in comparison to Q2 2014-15 levels.
  • As of Q2 2015-16, operating authorities received were almost $73.6 million, which represents a decrease of $1.6 million from Q2 2014-15.
  • Capital authorities received were $77.6 million as of Q2 2015-16, which represents a decrease of $15.5 million from Q2 2014-15.
  • Contributions to the Employee Benefit Plan authorities decreased from $6.5 million as of Q2 2014-15 to $5.6 million in Q2 2015-16.
  • Taking all of the above into account, the total of authorities available for use in 2015-16 represents a $63.6 million increase, compared with the authorities available for use as of Q2 2014-15.

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

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

  • Contributions (Voted & Statutory) expensed as of Q2 2015-16 ($1,468.7 million) decreased by $97 million compared to Q2 2014-15 ($1371.7 million).
  • There was also a nearly $9.4 million decrease in operating expenses.
  • There was $33.3 million capital expenses recorded as of 2015-16 compared to none in Q2 of 2014-15.
  • The was a $2.6 million increase in Employee Benefit Plans expenses as of Q2 2015-16, compared to the same period the prior year.
  • Total budgetary expenditures were $1,526.8 million, compared to $1,403.1 million reported in the same period of 2014-15, indicating a increase of 8.8% between the two years.

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

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

  • Voted contributions expensed as of Q2 2015-16 were $429.6 million compared to $385.1 million in Q2 2014-15.
  • Voted contributions expensed as of Q2 2015-16 were $979.1 million compared to $986.6 million in Q2 2014-15.

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

Bar graph showing the comparison of authorities used for operating vote as of September 30, 2015 and September 30, 2014. There was also a nearly $9.4 million decrease in operating expenses, comparing $21.9 million as of Q2 2015-16 to with $31.3 million in Q2 2014-15.

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