Annual Report on Travel, Hospitality and Conference Expenditures
Financial Consumer Agency of Canada 2018 - 2019
As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on travel, hospitality and conference expenditures for Financial Consumer Agency of Canada for the fiscal year ended March 31, 2019.
Travel, hospitality and conference expenditures incurred by a federal department or agency relate to activities that support the department or agency’s mandate and the government’s priorities.
Mandate:
The Financial Consumer Agency of Canada Act outlines FCAC’s functions and administration and enforcement powers, and lists the sections of federal laws and regulations under its supervision. A description of its program activities can be found in FCAC’s Business Plan 2018-2019.
Financial Consumer Agency of Canada Travel, Hospitality and Conference Expenditures for Year ending March 31, 2019
Expenditure category |
Expenditures for year ended March 31, 2019 ($ thousands) |
Expenditures for year ended March 31, 2018 ($ thousands) |
Variance ($ thousands) |
|---|---|---|---|
| Travel | |||
Operational activities |
$220.00 |
$469.00 |
-$249.00 |
Key stakeholders |
$91.00 |
$28.00 |
$63.00 |
Internal governance |
$26.00 |
$0.00 |
$26.00 |
Training |
$9.00 |
$8.00 |
$1.00 |
Other |
$8.00 |
$5.00 |
$3.00 |
| A. Total travel | $354.00 |
$510.00 |
-$156.00 |
| B. Hospitality | $67.00 |
$72.00 |
-$5.00 |
| C. Conference fees | $57.00 |
$33.00 |
$24.00 |
| Total [A+B+C] | $478.00 |
$615.00 |
-$137.00 |
| International travel by minister and minister's staff (included in travel) | $0.00 |
$0.00 |
$0.00 |
Explanation of significant variances compared with previous fiscal year
Total travel:
In 2018-2019, FCAC’s travel expenditures were lower compared to the previous fiscal year. Travel expenditures in 2017-2018 included travel costs related to two major initiatives: an industry review of retail sales practices of Canada’s six largest banks, and a Financial Literacy Conference.
Hospitality:
There was no significant year-over-year variation for these expenditures.
Conference fees:
During fiscal year 2018-2019, FCAC’s conference expenditures increased compared to the previous year mainly due to the sponsorship of the 2018 ABLE Financial Empowerment Conference.Minister and minister’s exempt staff - International travel:
Not applicable.