Canada-Newfoundland Offshore Petroleum Board (Statutory)
General information
| Name of transfer payment program | Canada-Newfoundland Offshore Petroleum Board (Statutory) |
|---|---|
| Start date | 1985-86 |
| End date | Ongoing |
| Type of transfer payment | Contribution |
| Type of appropriation | Statutory |
| 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. 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. |
| Results achieved | Not Applicable |
| Comments on variances | New regulations came into force in 2016-17 allowing the Canada-Newfoundland Offshore Petroleum Board (the Board) to cost recover up to 100% of its budget from industry and 50% of this amount is then remitted to NRCan. The Board has remitted $6.63 million to NRCan, lowering year-end actual spending. |
| Audits completed or planned | No internal audits were completed in 2016-17 and none are planned for the coming year. |
| Evaluations completed or planned | Not Applicable |
| Engagement of applicants and recipients | A joint federal-provincial board (independent regulator) is the recipient. 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. |
Performance Information (dollars)
| Type of transfer payment | 2014-15 Actual spending | 2015–16 Actual spending | 2016–17 Planned spending | 2016–17 Total authorities available for use |
2016–17 Actual spending (authorities used) |
Variance (2016–17 actual minus 2016–17 planned) |
|---|---|---|---|---|---|---|
| Total grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Total contributions | 5,384,778 | 4,262,000 | 8,835,000 | 2,207,782 | 2,207,782 | (6,627,218) |
| Total other types of transfer payments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total program | 5,384,778 | 4,262,000 | 8,835,000 | 2,207,782 | 2,207,782 | (6,627,218) |
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