Details on Transfer Payment Programs (Exceeding $5 million during the reporting year)
Name of transfer payment program: Payments to the Nova Scotia Offshore Revenue Account (Statutory)
Start date: 1993-94
End date: Perpetuity
Description: To make payments to Nova Scotia equivalent to revenue amounts received by Canada in relation to offshore activities in the Canada-Nova Scotia offshore area.
This transfer payment program does not have any repayable contributions.
Strategic outcome: 1) Canada’s Natural Resource Sectors are Globally Competitive
Results achieved: Payments made to the province in accordance with the provisions of the Act.
| 2010-11 Actual Spending |
2011-12 Actual Spending |
2012-13 Planned Spending |
2012-13 Total Authorities |
2012-13 Actual Spending |
Variances | |
|---|---|---|---|---|---|---|
| Total Contributions | 225.2 | 157.3 | 135.8 | 55.1 | 55.1 | 80.7 |
| Total Program | 225.2 | 157.3 | 135.8 | 55.1 | 55.1 | 80.7 |
Comments on variances: Due to the 18-month time lag between the forecasted and actual payments, the department could not have foreseen the significant decrease in production due todepressed natural gas prices and facility operating capacity down to 35%.
Audits completed or planned: The Auditor General conducts yearly audits.
Evaluations planned: N/A
Engagement of applicants and recipients: Before budgets are recommended for ministerial approval, officials engage with provincial and board officials.
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