Canada-Newfoundland Offshore Petroleum Board (Statutory)
| Name of transfer payment program | Canada-Newfoundland Offshore Petroleum Board (Statutory) |
| Start date | 1985-86 |
| End date | Perpetuity |
| Type of transfer payment | Contribution |
| Type of appropriation | Statutory authority |
| Fiscal year for terms and conditions | Not applicable |
| Strategic Outcome | 1 – Canada's Natural Resource Sectors are Globally Competitive |
| Link to department's Program Alignment Architecture | 1.4 – Statutory Programs — Atlantic Offshore |
| Description |
NRCan pays 50% of the operating costs of the Canada-Newfoundland and Labrador Offshore Petroleum Board. The province pays the other 50%. This is done pursuant to section 27 of the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act. The funds are drawn from the Consolidated Revenue Fund. Approximately 75% of the Board’s operating budget is cost recovered and remitted to the government of Canada and the province of Newfoundland and Labrador on a 50-50 basis. This transfer payment program does not have any repayable contributions. |
| Expected results | Management of statutory requirements related to offshore petroleum in the Canada-Newfoundland and Labrador offshore in a timely and efficient manner. |
| Fiscal year of last completed evaluation | NRCan completed an internal audit of offshore revenues and transfers in 2014-15. The audit concluded that the Department has an effective management control framework to support the exercise of its administrative requirements and obligations in relation to the Canada-Newfoundland Offshore Petroleum Board, and transfers are made to the Canada-Newfoundland Offshore Petroleum Board on an accurate and timely basis. |
| Decision following the results of last evaluation | Not applicable |
| Fiscal year of planned completion of next evaluation | Not applicable |
| General targeted recipient groups | Joint federal-provincial board (independent regulator) |
| Initiatives to engage applicants and recipients | In respect of each fiscal year and pursuant to legislation, the Board is required to submit a budget request. Before the Canada-Newfoundland Offshore Petroleum Board proposes a budget for ministerial approval, NRCan officials engage with Board officials to understand the budgetary request and consult with provincial officials to understand their position. |
| Type of transfer payment | 2015–16 Forecast spending | 2016–17 Planned spending | 2017–18 Planned spending | 2018–19 Planned spending |
|---|---|---|---|---|
| Total grants | 0 | 0 | 0 | 0 |
| Total contributions | 8,835,000 | 8,835,000 | 8,835,000 | 8,835,000 |
| Total other types of transfer payments | 0 | 0 | 0 | 0 |
| Total program | 8,835,000 | 8,835,000 | 8,835,000 | 8,835,000 |
Supplementary Information (Tables) 2016-17
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