2014-2015
Report on Plans and Priorities
Section 3
Section III: Supplementary Information
3.1 Future-Oriented Financial Statements
The future-oriented financial highlights presented in this report are intended to serve as a general overview of Infrastructure Canada's financial position and financial operations. The forecasted financial information on expenses and revenues are prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management.
Since the future-oriented statement of operations27 is prepared on an accrual accounting basis and the forecast and planned spending amounts presented in other sections of this report are prepared on an expenditure basis, amounts will differ.
A more detailed Infrastructure Canada's Future-Oriented Statements of Operations and associated notes, including a reconciliation of the net costs of operations to the requested authorities, are available on the Department's website at: Future-oriented Statement of Operations for Fiscal Year 2014-2015 ending March 31, 2015.
| Financial information | Estimated Results 2013-2014 | Planned Results 2014-2015 | Change |
|---|---|---|---|
| Total Expenses | 3,829,668,000 | 3,324,368,000 | (505,300,000) |
| Total Revenues | 0 | 0 | 0 |
| Net Cost of Operations | 3,829,668,000 | 3,324,368,000 | (505,300,000) |
3.2 List of Supplementary Information Tables
The following supplementary information tables are available electronically at Infrastructure Canada's website at:
- Details of Transfer Payment Programs
- Greening Government Operations
- Horizontal Initiatives
- Upcoming Internal Audits and Evaluations over the Next Three Fiscal Years
3.3 Tax Expenditures and Evaluations Report
The tax system can be used to achieve public policy objectives through the application of special measures such as low tax rates, exemptions, deductions, deferrals and credits. The Department of Finance publishes cost estimates and projections for these measures annually in the Tax Expenditures and Evaluations 28 publication. The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.
Footnotes
[27] Infrastructure Canada's 2014-2015 Future-Oriented Statement of Operations do not include funding for the transfer payment programs under the New Building Canada Fund. As well, the Department's Future-Oriented Statement of Operations do not include funding for Infrastructure Canada's operating budget, except for small opening balances.
[28] The Tax Expenditures and Evaluations publication can be found on the Department of Finance Canada's website at: Tax Expenditures and Evaluations.
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