2013-2014 Report on Plans and Priorities
Section III- Supplementary Information
Financial Highlights
The future-oriented financial highlights presented within this Report on Plans and Priorities are intended to serve as a general overview of the Parks Canada Agency operations and financial position. These future-oriented financial highlights are prepared on an accrual basis to strengthen accountability and improve transparency and financial management.
In preparing these future-oriented financial highlights, Parks Canada Agency has made estimates and assumptions concerning the future. These estimates and judgments may differ from the subsequent actual results. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to have reasonable certainty under the circumstances.
| $ Change | Forecast 2013-14 |
Estimated Results 2012-13 | |
|---|---|---|---|
| Total expenses | 9,253 | 689,281 | 680,028 |
| Total revenues | 2,772 | 120,543 | 117,771 |
| Net cost of operations before government funding | 6,481 | 568,738 | 562,257 |
| Net financial position | 72,267 | 1,853,627 | 1,781,360 |
| $ Change | Forecast 2013-14 |
Estimated Results 2012-13 | |
|---|---|---|---|
| Total net liabilities | (47,988) | 119,377 | 167,365 |
| Total net financial assets | (10,295) | 78,532 | 88,827 |
| Net debt | (37,693) | 40,845 | 78,538 |
| Total non-financial assets | 34,574 | 1,894,472 | 1,859,898 |
| Net financial position | 72,267 | 1,853,627 | 1,781,360 |
Future-Oriented Financial Statements
A full set of the Agency’s future-oriented financial statements can be found in the online version of this plan, which is available in the Library section of the Parks Canada websitexv.
List of Supplementary Information Tables
The following supplementary information tables are available in the online version of this plan on the Parks Canada website.xvi
- Details on Transfer Payment Programs
- Greening Government Operations
- Sources of Respendable and Non-Respendable Revenue
- Summary of Capital Spending by Program
- Upcoming Internal Audits and Evaluations
- User Fees
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 publication.xvii The tax measures presented in the Tax Expenditures and Evaluations publication are the sole responsibility of the Minister of Finance.
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