More specifically, the net increase in operating authorities is largely due to the timing of the Operating Budget Carry Foward. The net increase is due to miscellaneous funding variances. Miscellaneous departmental requirements (increase of $329.0 million) In order to provide ongoing support for operating and capital requirements, the department recieved additional funding to offset sustainment growth and the inflationary impact on the defence budget. Operation and sustainment (fleet maintenance) of military capabilities and operating requirements (increase of $490.9 million) The year-to-date net increase in authorities of $308.3 million over the second quarter in 2022-23 can be explaind by variances in funding for a number of initiatives. Note: Numbers may not add up due to rounding. *A negative variance indicates a decrease in year-to-date cumulative authorities available for use in the six-month period ending 30 September, 2023 as compared to the same period in 2022-23. *A positive variance indicates an increase in year-to-date cumulative authorities available for use in the six-month period ending 30 September, 2023 as compated to the same period in 2022-23. Operation and sustainment (fleet maintenance) of military capabilities and operating requirementsĬumulative variance in authorities available for use Year-to-date variances in authorities available for use (in millions of dollars) Initiative Major reasons for the changes are outlined below. As reflected in Table 1: Statement of authorities, the total budgetary authorities increased from $26,995.8 million in 2022–23 to $27,304.1 million in 2023–24. When compared to those of the same quarter of the previous year, the department's year-to- date budgetary authorities available for use have increased by $308.3 million. In the latter case, revenues are recorded even if cash has not been received and expenses are incurred even if cash has not yet been paid out. The consolidated departmental financial statements report revenues when they are earned and expenses when they are incurred. The quarterly financial report includes revenues only when the money is received and expenses only when the money is paid out. The main difference between the quarterly financial reports and the consolidated departmental financial statements is the timing of when revenues and expenses are recognized. However, the spending authorities voted by Parliament remain on an expenditure basis. The department uses the full accrual method of accounting to prepare and present its annual consolidated departmental financial statements, which are part of the departmental results reporting process. Approvals are given in the form of annually approved limits through appropriation acts, or through legislation in the form of statutory spending authority for specific purposes. The authority of Parliament is required before money can be spent by the government. This quarterly report has been prepared using a special-purpose financial reporting framework designed to meet financial information needs with respect to the use of spending authorities. The accompanying statement of authorities includes the department's spending authorities granted by Parliament and the Treasury Board Secretariat which are used by the department consistent with the Main Estimates and Supplementary Estimates (A) for the 2023-2024 fiscal year. This quarterly report has been prepared by management using an expenditure basis of accounting. A summary description of these core responsibilities can be found in the Departmental Plan 2023–24. The department continues to carry out its mandate to achieve results related to 7 core responsibilities including Internal Services.
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