Financial Statements of the
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

For the Year Ended March 31, 2019

Financial Statements For the Year Ended March 31, 2019 (PDF version, 114 KB)

STATEMENT OF MANAGEMENT RESPONSIBILITY INCLUDING INTERNAL CONTROL OVER FINANCIAL REPORTING (Audited)

As at March 31

Responsibility for the integrity and objectivity of the accompanying financial statements for the year ended March 31, 2019, and all information contained in these statements rests with the management of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). These financial statements have been prepared by management using the Government's accounting policies, which are based on Canadian public sector accounting standards.

Management is responsible for the integrity and objectivity of the information in these financial statements. Some of the information in the financial statements is based on management's best estimates and judgment, and gives due consideration to materiality. To fulfill its accounting and reporting responsibilities, management maintains a set of accounts that provides a centralized record of FINTRAC's financial transactions. Financial information submitted in the preparation of the Public Accounts of Canada, and included in FINTRAC's Departmental Results Report, is consistent with these financial statements.

Management is also responsible for maintaining an effective system of internal control over financial reporting (ICFR) designed to provide reasonable assurance that financial information is reliable, that assets are safeguarded and that transactions are properly authorized and recorded in accordance with the Financial Administration Act and other applicable legislation, regulations, authorities and policies.

Management seeks to ensure the objectivity and integrity of data in its financial statements through careful selection, training and development of qualified staff; through organizational arrangements that provide appropriate divisions of responsibility; through communication programs aimed at ensuring that regulations, policies, standards, and managerial authorities are understood throughout FINTRAC and through conducting an annual risk-based assessment of the effectiveness of the system of ICFR.

The system of ICFR is designed to mitigate risks to a reasonable level based on an ongoing process to identify key risks, to assess effectiveness of associated key controls, and to make any necessary adjustments.

FINTRAC is subject to periodic Core Control Audits performed by the Office of the Comptroller General of Canada (OCG) and uses the results of such audits to comply with the Treasury Board Policy on Internal Control.

A Core Control Audit was performed in 2016–17 by the OCG. The Audit Report and related Management Action Plan are posted on FINTRAC's website.

The firm of KPMG LLP has expressed an opinion on the fair presentation of the financial statements of FINTRAC, which does not include an audit opinion on the annual assessment of the effectiveness of the department's internal controls over financial reporting.

___________________
Nada Semaan
Director and Chief Executive Officer
FINTRAC
Ottawa, Canada
Date: August 27, 2019
___________________
Donna Achimov
Chief Financial Officer
FINTRAC
Ottawa, Canada
Date: August 27, 2019

KPMG LLP
150 Elgin Street, Suite 1800
Ottawa, ON K2P 2P8
Canada
Telephone 613-212-5764
Fax 613-212-2896

INDEPENDENT AUDITORS' REPORT

To the Director and Chief Executive Officer of the Financial Transactions and Report Analysis Centre of Canada

Opinion

We have audited the financial statements of the Financial Transactions and Report Analysis Centre of Canada (FINTRAC) which comprise:

(Hereinafter referred to as the “financial statements”).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of FINTRAC as at March 31, 2019, its net cost of its operations, change in departmental net debt and its cash flows for the year then ended in accordance with the accounting policies generally applied by the Government of Canada for government departments and agencies as stipulated in Treasury Board accounting policies.

Basis for Opinion

We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the “Auditors' Responsibilities for the Audit of the Financial Statements” section of our auditors' report.

We are independent of FINTRAC in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada and we have fulfilled our other responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter – Basis of Accounting and Restriction on Use

Without modifying our opinion, we draw attention to note 2 to the financial statements, which describes the basis of accounting. The financial statements are prepared for the information and use of the management of FINTRAC and the Treasury Board of Canada Secretariat. As a result, the financial statements may not be suitable for another purpose. Our report is intended solely for the management of FINTRAC and the Treasury Board of Canada Secretariat, and should not be used by other parties.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting policies generally applied by the Government of Canada for government departments and agencies as stipulated in Treasury Board accounting policies; this includes determining that the basis of accounting is an acceptable basis for the preparation of these financial statements in the circumstances, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the FINTRAC's ability to continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate FINTRAC or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing FINTRAC's financial reporting process.

Auditors' Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

As part of an audit in accordance with Canadian general accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit.

We also:

Chartered Professional Accountants, Licensed Public Accountants
Ottawa, Canada
August 20, 2019

STATEMENT OF FINANCIAL POSITION (Audited)
As at March 31
2019
(in dollars)
2018
(in dollars)
Liabilities
Accounts payable and accrued liabilities (note 4) $5,532,743 $6,353,016
Vacation pay and compensatory leave 1,801,278 1,684,103
Employee future benefits (note 5) 1,648,361 1,782,541
Total liabilities 8,982,382 9,819,660
Financial assets
Due from the Consolidated Revenue Fund 4,759,029 5,689,615
Accounts receivable and advances (note 6) 815,623 787,652
Total gross financial assets 5,574,652 6,477,267
Financial assets held on behalf of Government
Accounts receivable and advances (note 6) (127,620) (97,819)
Total financial assets held on behalf of Government (127,620) (97,819)
Total net financial assets 5,447,032 6,379,448
Departmental net debt 3,535,350 3,440,212
Non-financial assets
Prepaid expenses 694,604 482,100
Tangible capital assets (note 7) 17,918,996 15,921,693
Total non-financial assets 18,613,600 16,403,793
Departmental net financial position $15,078,250 $12,963,581

Contractual obligations (note 8)

The accompanying notes form an integral part of these financial statements.

___________________
Nada Semaan
Director and Chief Executive Officer
FINTRAC
Ottawa, Canada
Date: August 27, 2019
___________________
Donna Achimov
Chief Financial Officer
FINTRAC
Ottawa, Canada
Date: August 27, 2019

STATEMENT OF OPERATIONS AND DEPARTMENTAL NET FINANCIAL POSITION (Audited)
For the Year Ended March 31
  Planned Results 2019
(in dollars)
2019
(in dollars)
2018
(in dollars)
Expenses
Compliance Program $17,954,719 $18,739,529 $23,028,591
Financial Intelligence Program 17,777,123 14,793,005 24,340,683
Internal Services 18,917,846 18,500,618 9,151,458
Total Expenses 54,649,688 52,033,152 56,520,732
Revenues
Non-respendable revenue - 40,525 26,069
Other revenue - 217 151
Revenues earned on behalf of Government - (40,525) (26,069)
Total Revenues - 217 151
Net cost of operations before Government funding and transfers 54,649,688 52,032,935 56,520,581
Government funding and transfers
Net cash provided by Government 52,145,550 52,146,460 53,696,548
Change in due from the Consolidated Revenue Fund (304,227) (930,586) 1,599,409
Services provided without charge by other government departments (note 9) 3,228,756 2,931,730 3,095,613
Net cost of operations after Government funding and transfers (420,391) (2,114,669) (1,870,989)
Departmental net financial position – beginning of year 12,497,030 12,963,581 11,092,592
Departmental net financial position – end of year $12,917,421 $15,078,250 $12,963,581

Segmented information (note 10)

The accompanying notes form an integral part of these financial statements.

STATEMENT OF CHANGE IN DEPARTMENTAL NET DEBT (Audited)
For the Year Ended March 31
  Planned Results
2019

(in dollars)
2019
(in dollars)
2018
(in dollars)
Net cost of operations after Government funding and transfers ($420,391) ($2,114,669) ($1,870,989)
Change due to tangible capital assets
Acquisition of tangible capital assets 2,532,781 2,474,505 2,596,456
Amortization of tangible capital assets (2,166,125) (477,202) (648,190)
Total change due to tangible capital assets 366,656 1,997,303 1,948,266
Change due to prepaid expenses (40,023) 212,504 (123,593)
Net decrease in departmental net debt (93,758) 95,138 (46,316)
Departmental net debt – beginning of year 3,762,096 3,440,212 3,486,528
Departmental net debt – end of year $3,668,338 $3,535,350 $3,440,212

The accompanying notes form an integral part of these financial statements.

STATEMENT OF CASH FLOWS (Audited)
For the Year Ended March 31
  2019
(in dollars)
2018
(in dollars)
Operating Activities
Net cost of operations before government funding and transfers $52,032,935 $56,520,581
Non-cash items:
Amortization of tangible capital assets (477,202) (648,190)
Services provided without charge by other government departments (2,931,730) (3,095,613)
Variations in Statement of Financial Position:
Decrease (increase) in accounts payable and accrued liabilities 820,273 (1,311,307)
Decrease (increase) in employee future benefits liability 134,180 (3,503)
Increase (decrease) in prepaid expenses 212,504 (123,593)
Increase in vacation pay and compensatory leave (117,175) (98,754)
Decrease in accounts receivable and advances (1,830) (139,529)
Cash used in operating activities 49,671,955 51,100,092
Capital investing activities
Acquisition of tangible capital assets 2,474,505 2,596,456
Cash used by capital investing activities 2,474,505 2,596,456
Net cash provided by Government of Canada $52,146,460 $53,696,548

The accompanying notes form an integral part of these financial statements.

NOTES TO THE FINANCIAL STATEMENTS (Audited)
For the Year Ended March 31

1. Authority and objectives

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was legislated into existence in July 2000 to be Canada's Financial Intelligence Unit. The Centre exists to assist in the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control. FINTRAC's Financial Intelligence and Compliance programs strive to disrupt the ability of criminals and terrorist groups that seek to abuse Canada's financial system and to reduce the profit incentive of crime.

FINTRAC acts at arm's length and is independent from the law enforcement agencies and other entities to which it is authorized to disclose financial intelligence. It reports to the Minister of Finance, who is in turn accountable to Parliament for the activities of the Centre. FINTRAC was established by, and operates within, the ambit of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations.

To effectively pursue its mandate, FINTRAC aims to achieve the following strategic outcome: A Canadian financial system resistant to money laundering and terrorist financing.

2. Summary of significant accounting policies

These financial statements have been prepared in accordance with the Government's accounting policies stated below, which are based on Canadian public sector accounting standards. The presentation and results using the stated accounting policies do not result in any significant differences from Canadian public sector accounting standards.

Significant accounting policies are as follows:

(a) Parliamentary authorities

FINTRAC is financed by the Government of Canada through Parliamentary authorities. Financial reporting of authorities provided to FINTRAC do not parallel financial reporting according to generally accepted accounting principles since authorities are primarily based on cash flow requirements. Consequently, items recognized in the Statement of Operations and Departmental Net Financial Position and in the Statement of Financial Position are not necessarily the same as those provided through authorities from Parliament. Note 3 provides a reconciliation between the bases of reporting. The planned results amounts in the “Expenses” and “Revenues” sections of the Statement of Operations and Departmental Net Financial Position are the amounts reported in the Future-Oriented Statement of Operations included in the 2018–19 Reports on Plans and Priorities. The planned results amounts in the “Government funding and transfers” section of the Statement of Operations and Departmental Net Financial Position and in the Statement of Change in Departmental Net Debt were prepared for internal management purposes and have not been previously published.

(b) Net cash provided by Government

FINTRAC operates within the Consolidated Revenue Fund (CRF), which is administered by the Receiver General for Canada. All cash received by FINTRAC is deposited to the CRF, and all cash disbursements made by FINTRAC are paid from the CRF. The net cash provided by Government is the difference between all cash receipts and all cash disbursements, including transactions between departments of the Government.

(c) Amounts due from or to the CRF

Amounts due from or to the CRF are the result of timing differences at year-end between when a transaction affects authorities and when it is processed through the CRF. Amounts due from the CRF represent the net amount of cash that FINTRAC is entitled to draw from the CRF without further authorities to discharge its liabilities.

(d) Revenues

(e) Expenses

Expenses are recorded on the accrual basis:

(f) Employee future benefits

(g) Accounts receivable

Accounts receivable are stated at the lower of cost and net recoverable value. A valuation allowance is recorded for receivables where recovery is considered uncertain.

(h) Contingent liabilities

Contingent liabilities are potential liabilities that may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur or fail to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded. If the likelihood is not determinable or if an amount cannot be reasonably estimated, the contingency is disclosed in the notes to the financial statements.

(i) Tangible capital assets

All tangible capital assets and leasehold improvements having an initial cost of $5,000 or more are recorded at their acquisition cost. FINTRAC does not capitalize intangibles, works of art and historical treasures that have cultural, aesthetic or historical value, assets located on Indian reserves and museum collections.

Amortization of tangible capital assets is done on a straight-line basis over the estimated useful life of the asset as follows:
Asset Class Amortization Period
Machinery and equipment 5 years
Informatics hardware 5 years
Informatics software (purchased and developed) 5 years
Other equipment, including furniture 5 to 10 years
Leasehold improvements Lesser of remaining lease term or 10 years

(j) Measurement uncertainty

The preparation of these financial statements, in accordance with Canadian public sector accounting standards, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses reported in the financial statements. At the time of preparation of these statements, management believes the estimates and assumptions to be reasonable. The most significant items where estimates are used are the liability for employee severance benefits, the useful life of tangible capital assets and the economic increase amount disclosed as a subsequent event. Actual results could significantly differ from those estimated. Management's estimates are reviewed periodically and, as adjustments become necessary, they are recorded in the financial statements in the year they become known.

3. Parliamentary authorities

FINTRAC receives most of its funding through annual parliamentary authorities. Items recognized in the Statement of Operations and Departmental Net Financial Position and the Statements of Financial Position in one year may be funded through parliamentary authorities in prior, current or future years. Accordingly, FINTRAC has different net results of operations for the year on a government funding basis than on an accrual accounting basis. The differences are reconciled in the following tables:

(a) Reconciliation of net cost of operations to current year authorities used

  2019
(in dollars)
2018
(in dollars)
Net cost of operations before Government funding and transfers $52,032,935 $56,520,581
Adjustments for items affecting net cost of operations but not affecting authorities:
Amortization of tangible capital assets (477,202) (648,190)
Services provided without charge by other government departments (2,931,730) (3,095,613)
Increase in vacation pay and compensatory leave liability (117,175) (98,754)
Decrease (increase) in employee future benefits liability 134,180 (3,503)
Decrease in accrued liabilities not charged to authorities 17,383 4,720
Refund of prior years' expenditures 13,468 10,655
Refund of program expenditures - 6,738
Total items affecting net cost of operations but not affecting authorities (3,361,076) (3,823,947)
Adjustments for items not affecting net cost of operations but affecting authorities:
Acquisition of tangible capital assets 2,474,505 2,596,456
Increase (decrease) in prepaid expenses 212,504 (123,593)
Salary overpayments recognized in the Phoenix pay system to be recovered 32,203 78,142
Proceeds from disposal of non-capital assets 217 151
Total items not affecting net cost of operations but affecting authorities 2,719,429 2,551,156
Current year authorities used $51,391,288 $55,247,790
(b) Authorities provided and used

  2019
(in dollars)
2018
(in dollars)
Authorities provided
Vote 1 – Operating expenditures $46,614,069 $46,362,822
Statutory amounts 5,277,106 5,282,731
Total: 51,891,175 51,645,553
Transfer from Treasury Board
Vote 1 – Operating expenditures 3,048,971 5,121,224
Statutory amounts (350,935) (209,646)
Total 2,698,036 4,911,578
Less:
Authorities available for future years (217) (151)
Lapsed Vote 1 – Operating expenditures (3,197,706) (1,309,190)
Current year authorities used $51,391,288 $55,247,790

4. Accounts payable and accrued liabilities

The following table presents details of FINTRAC's accounts payable and accrued liabilities:
  2019
(in dollars)

2018
(in dollars)

Accounts payable – Other government departments and agencies $472,666 $783,935
Accounts payable – External parties 982,188 1,804,780
Total accounts payable 1,454,854 2,588,715
Accrued salaries and wages 4,001,473 3,690,071
Accrued liabilities 76,416 74,230
Total accounts payable and accrued liabilities $5,532,743 $6,353,016

5. Employee future benefits

(a) Pension benefits

FINTRAC's employees participate in the public service pension plan (the “Plan”), which is sponsored and administered by the Government of Canada. Pension benefits accrue up to a maximum period of 35 years at a rate of 2 percent per year of pensionable service, times the average of the best five consecutive years of earnings. The benefits are integrated with Canada/Québec Pension Plan benefits and they are indexed to inflation.

Both the employees and FINTRAC contribute to the cost of the Plan. Due to the amendment of the Public Service Superannuation Act following the implementation of provisions related to Economic Action Plan 2012, employee contributors have been divided into two groups – Group 1 relates to existing plan members as of December 31, 2012 and Group 2 relates to members joining the Plan as of January 1, 2013. Each group has a distinct contribution rate.

The 2018–19 expense amounts to $4,925,954 ($5,072,934 in 2017–18). For Group 1 members, the expense represents approximately 1.01 times (1.01 times in 2017–18) the employee contributions and, for Group 2 members, approximately 1.00 times (1.00 times for 2017–18) the employee contributions.

FINTRAC's responsibility with regard to the Plan is limited to its contributions. Actuarial surpluses or deficiencies are recognized in the financial statements of the Government of Canada, as the Plan's sponsor.

(b) Severance benefits

Severance benefits provided to FINTRAC's employees were previously based on an employee's eligibility, years of service and salary at termination of employment. However, since 2011 the accumulation of severance benefits for voluntary departures progressively ceased for substantially all employees. Employees subject to these changes were given the option to be paid the full or partial value of benefits earned to date or collect the full or remaining value of benefits upon departure from the public service. By March 31, 2018, all settlements for immediate cash out were completed. Severance benefits are unfunded and, consequently, the outstanding obligation will be paid from future authorities.

The changes in the obligations during the year were as follows:
  2019
(in dollars)
2018
(in dollars)
Accrued benefit obligation – Beginning of year $1,782,541 $1,779,038
Expense for the year (118,991) 216,029
Benefits paid during the year (15,189) (212,526)
Accrued benefit obligation – End of year $1,648,361 $1,782,541

6. Accounts receivable and advances

The following table presents details of FINTRAC's accounts receivable and advances balances:
  2019
(in dollars)
2018
(in dollars)
Receivables – Other government departments and agencies $673,768 $611,000
Receivables – External parties 200,895 235,692
Employee advances 4,750 4,750
Subtotal 879,413 851,442
Allowance for doubtful accounts on receivables from external parties (63,790) (63,790)
Gross accounts receivable and advances 815,623 787,652
Accounts receivable held on behalf of Government (127,620) (97,819)
Net accounts receivable and advances $688,003 $689,833

7. Tangible capital assets

COST
(in dollars)
  Opening balance Acquisitions Disposals and write-offs Closing balance
Machinery and equipment $1,694,718 $21,139 - $1,715,857
Informatics hardware 6,661,559 20,811 - 6,682,370
Software (purchased and developed) 16,128,792 42,115 - 16,170,907
Other equipment, including furniture 6,623,892 - - 6,623,892
Leasehold improvements 8,571,522 62,279 - 8,633,801
Assets under construction 12,394,295 2,328,161 - 14,722,456
Total $52,074,778 $2,474,505 - $54,549,283
ACCUMULATED AMORTIZATION
(in dollars)
  Opening balance Amortization Disposals and write-offs Closing balance
Machinery and equipment $1,228,311 $102,730 - $1,331,041
Informatics hardware 6,247,137 129,100 - 6,376,237
Software (purchased and developed) 15,822,689 57,460 - 15,880,149
Other equipment, including furniture 6,190,020 85,045 - 6,275,065
Leasehold improvements 6,664,928 102,867 - 6,767,795
Total $36,153,085 $477,202 - $36,630,287
NET BOOK VALUE
(in dollars)
  2019 2018
Machinery and equipment $384,816 $466,407
Informatics hardware 306,133 414,422
Software (purchased and developed) 290,758 306,103
Other equipment, including furniture 348,827 433,872
Leasehold improvements 1,866,006 1,906,594
Assets under construction 14,722,456 12,394,295
Total $17,918,996 $15,921,693

8. Contractual obligations

The nature of FINTRAC's activities can result in some large multi-year contracts and obligations whereby FINTRAC will be obligated to make future payments when the services are received. FINTRAC has entered into lease agreements with Xerox for copiers and with Public Services and Procurement Canada for office space in four locations across Canada. The minimum aggregate annual payments for future fiscal years are as follows:

The minimum aggregate annual payments for future fiscal years are as follows:
Fiscal Year (in dollars)
2019–20 $3,911,068
2020–21 3,744,194
2021–22 3,641,777
2022–23 3,642,072
2023–24 and thereafter 9,082,407
Total $24,021,518

9. Related party transactions

FINTRAC is related as a result of common ownership to all government departments, agencies, and Crown corporations. FINTRAC enters into transactions with these entities in the normal course of business and on normal trade terms. During the year, FINTRAC received common services which were obtained without charge from other government departments as disclosed below.

(a) Common services provided without charge by other government departments

During the year, FINTRAC received services without charge from certain common service organizations, related to the employer's contribution to the health and dental insurance plans and workers' compensation coverage. These services provided without charge have been recorded in FINTRAC's Statement of Operations and Departmental Net Financial Position as follows:

Common services provided without charge by other government departments
  2019
(in dollars)
2018
(in dollars)
Employer's contribution to the health and dental insurance plans $2,931,730 $3,095,613

The Government has centralized some of its administrative activities for efficiency, cost-effectiveness purposes and economic delivery of programs to the public. As a result, the Government uses central agencies and common service organizations so that one department performs services for all other departments and agencies without charge. The costs of these services, such as the payroll and cheque issuance services provided by Public Services and Procurement Canada, are not included in FINTRAC's Statement of Operations and Departmental Net Financial Position. The costs of information technology infrastructure services provided by Shared Services Canada of $4,986,147 are also not included in FINTRAC's Statement of Operations and Departmental Net Financial Position.

(b) Other transactions with related parties

Other transactions with related parties
  2019
(in dollars)
2018
(in dollars)
Expenses – Other government departments and agencies $10,940,787 $11,734,952

10. Segmented information

Presentation by segment is based on FINTRAC's program alignment architecture. The presentation by segment is based on the same accounting policies described in the Summary of Significant Accounting Policies in note 2. The following table presents the expenses incurred and revenues generated for the main programs, by major object of expenses and type of revenue. The segment results for the period are as follows:

Segmented information
  2019
(in dollars)
2018
(in dollars)
  Compliance Program Financial Intelligence Program Internal Services Total Total
Operating Expenses
Salaries and employee benefits $15,139,439 $11,625,506 $13,774,000 $40,538,945 $44,241,941
Accommodations 1,726,475 1,136,947 1,347,493 4,210,915 4,181,423
Professional and special services 460,403 346,295 1,376,407 2,183,105 2,734,511
Acquisition of machinery and equipment 201,323 388,421 676,348 1,266,092 804,045
Rentals 214,557 433,861 564,359 1,212,777 1,483,930
Travel and relocation 520,252 210,715 87,505 818,472 930,649
Amortization of tangible capital assets 132,185 165,112 179,905 477,202 648,190
Information services 105,622 185,784 105,914 397,320 353,434
Transportation and telecommunication 67,137 117,115 168,925 353,177 436,402
Utilities, materials and supplies 111,704 91,724 110,024 313,452 419,456
Repairs and maintenance 60,408 91,503 103,085 254,996 281,601
Other expenditures 24 22 6,653 6,699 5,150
Total Operating Expenses 18,739,529 14,793,005 18,500,618 52,033,152 56,520,732
Total Expenses 18,739,529 14,793,005 18,500,618 52,033,152 56,520,732
Revenues
Non-respendable revenue 40,137 - 388 40,525 26,069
Other revenue - - 217 217 151
Revenues earned on behalf of Government (40,137) - (388) (40,525) (26,069)
Total Revenues - - 217 217 151
Net cost from continuing operations $18,739,529 $14,793,005 $18,500,401 $52,032,935 $56,520,581
Date Modified: