2013-14 Report on Plans and Priorities
Revolving Fund – CORCAN
Revolving Funds
| ($ millions) | ||||
|---|---|---|---|---|
| Forecast Spending 2012-13 |
Planned Spending 2013-14 |
Planned Spending 2014-15 |
Planned Spending 2015-16 |
|
| Revenues | ||||
| CORCAN Revenues | 84.4 | 87.2 | 89.1 | 90.7 |
| Other Revenues | 0.0 | 0.0 | 0.0 | 0.0 |
| Respendable Revenue | 84.4 | 87.2 | 89.1 | 90.7 |
| Expenses | ||||
| Salaries & employee benefits | 40.4 | 41.9 | 42.7 | 43.6 |
| Depreciation | 2.4 | 2.4 | 2.4 | 2.4 |
| Repairs & maintenance | 1.1 | 1.1 | 1.1 | 1.1 |
| Admin & support services | 7.5 | 7.5 | 7.5 | 7.5 |
| Utilities, materials & supplies | 33.0 | 34.3 | 35.4 | 36.1 |
| Total Expenses | 84.4 | 87.2 | 89.1 | 90.7 |
| Surplus (deficit) | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Activities | ($ millions) | |||
|---|---|---|---|---|
| Forecast Spending 2012-13 |
Planned Spending 2013-14 |
Planned Spending 2014-15 |
Planned Spending 2015-16 |
|
| Surplus (Deficit) | 0.0 | 0.0 | 0.0 | 0.0 |
| Add: Items Not Requiring Use of Funds | ||||
| Provision for Employee Termination Benefits | 0.4 | 1.6 | 0.1 | 0.1 |
| Amortization of fixed assets | 2.4 | 2.4 | 2.4 | 2.4 |
| Amortization of deferred charges | 0.0 | 0.0 | 0.0 | 0.0 |
| Allowance for doubtful accounts | (0.7) | (0.7) | (0.7) | (0.7) |
| Cash surplus (requirement) | 2.1 | 3.3 | 1.8 | 1.8 |
| Changes in Current Assets and Liabilities | ||||
| Deferred Charges | 0.0 | 0.0 | 0.0 | 0.0 |
| Accounts Receivable | (0.2) | (0.2) | (0.1) | (0.1) |
| Inventory | (4.7) | (0.7) | (0.5) | (0.4) |
| Accounts Payable | 0.3 | 0.4 | 0.3 | 0.2 |
| Payment on changes in provision for Employee Termination Benefits | (0.4) | (1.6) | (0.1) | (0.1) |
| Total Changes | (5.0) | (2.1) | (0.4) | (0.4) |
| Net Financial Resources | (2.9) | 1.2 | 1.4 | 1.4 |
| Investing activities | ||||
| Capital Assets Purchased | (2.5) | (2.5) | (2.5) | (2.5) |
| Net Financial Resources | (2.5) | (2.5) | (2.5) | (2.5) |
| Net Financial Resources used and Change in the Accumulated Net Charge against the Fund's Authority Account during the Year | (5.4) | (1.3) | (1.1) | (1.1) |
| ($ millions) | ||||
|---|---|---|---|---|
| Forecast Spending 2012-13 |
Planned Spending 2013-14 |
Planned Spending 2014-15 |
Planned Spending 2015-16 |
|
| Authority * | ||||
| Authority - April 1 | 5.0 | 5.0 | 5.0 | 5.0 |
| Adjustment to the Revolving Fund Authority | 0.0 | 0.0 | 0.0 | 0.0 |
| Sub-total Authority - March 31 | 5.0 | 5.0 | 5.0 | 5.0 |
| Drawdown | ||||
| Balance - April 1 | 10.3 | 4.9 | 3.6 | 2.5 |
| Projected surplus (drawdown) | (5.4) | (1.3) | (1.1) | (1.1) |
| Sub-total Drawdown - March 31 | 4.9 | 3.6 | 2.5 | 1.4 |
| Projected Balance at March 31 | 9.9 | 8.6 | 7.5 | 6.4 |
* Five million dollars is the maximum amount that may be drawn down at any time from the Consolidated Revenue Fund.