Annual Report on Travel, Hospitality and Conference Expenditures
Financial Consumer Agency of Canada 2019 - 2020
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, 2020.
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 2019-2020.
Financial Consumer Agency of Canada Travel, Hospitality and Conference Expenditures for Year ending March 31, 2020
Expenditure category |
Expenditures for year ended March 31, 2020 ($ thousands) |
Expenditures for year ended March 31, 2019 ($ thousands) |
Variance ($ thousands) |
|---|---|---|---|
| Travel | |||
Operational activities |
$122.00 |
$220.00 |
-$98.00 |
Key stakeholders |
$50.00 |
$91.00 |
-$41.00 |
Internal governance |
$0.00 |
$26.00 |
-$26.00 |
Training |
$43.00 |
$9.00 |
$34.00 |
Other |
$34.00 |
$8.00 |
$26.00 |
| A. Total travel | $249.00 |
$354.00 |
-$105.00 |
| B. Hospitality | $9.00 |
$67.00 |
-$58.00 |
| C. Conference fees | $26.00 |
$57.00 |
-$31.00 |
| Total [A+B+C] | $284.00 |
$478.00 |
-$194.00 |
| 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 2019-20, FCAC’s travel expenditures were lower compared to the previous fiscal year. The Covid-19 pandemic dramatically reduced travel both domestically and internationally. In addition, the industry sessions scheduled for March 2020 were postponed.
Hospitality:
In 2019-20, FCAC’s hospitality expenditures were lower compared to the previous fiscal year. This is mainly due to the postponement of the Industry sessions that had been scheduled for March 2020 due to the Covid-19 pandemic.
Conference fees:
During fiscal year 2019-20, FCAC’s conference expenditures decreased compared to the previous year. In 2018-19, conference expenditures included the sponsorship of the 2018 ABLE Financial Empowerment Conference which did not occur in 2019-20.Minister and minister’s exempt staff - International travel:
Not applicable.