Our process helps Canada achieve sustainable development solutions that integrate environmental and economic considerations to ensure the lasting prosperity and well-being of our nation.


We rigorously research and conduct high quality analysis on issues of sustainable development. Our thinking is original and thought provoking.


We convene opinion leaders and experts from across Canada around our table to share their knowledge and diverse perspectives. We stimulate debate and integrate polarities. We create a context for possibilities to emerge.


We generate ideas and provide realistic solutions to advise governments, Parliament and Canadians. We proceed with resolve and optimism to bring Canada’s economy and environment closer together.

2011-12 Quarterly Financial Report for the quarter ended September 2011

Management Statement for the Quarter Ending September 30, 2011


This quarterly report has been prepared by management as required by section 65.1 of the Financial Administration Act and in the form and manner prescribed by the Treasury Board. This quarterly report should be read in conjunction with the Main Estimates and Supplementary Estimates.

The raison d’être, or purpose, of the National Round Table on the Environment and the Economy (NRT or Round Table) is to play the role of catalyst in identifying, explaining, and promoting, in all sectors of Canadian society and in all regions of Canada, principles and practices of sustainable development.

The NRT interprets this broad mandate through a strategic focus on issues of national interest at the intersection of the environment and the economy. It examines the environmental and economic implications of priority issues and offers independent advice on how to address them.

Further information on the mandate, roles, responsibilities and programs of the NRT can be found in the NRT’s 2011-2012 Main Estimates, available on the following website:

Basis of Presentation:

This quarterly report has been prepared by management using an expenditure basis of accounting. The accompanying Statement of Authorities includes the NRT’s spending authorities granted by Parliament and those used by the Round Table, consistent with the Main Estimates and Supplementary Estimates for the 2011-12 fiscal year. This quarterly report has been prepared using a special purpose financial reporting framework designed to meet financial information needs with respect to the use of spending authorities.

The authority of Parliament is required before moneys can be spent by the Government. Approvals are given in the form of annually approved limits through appropriation acts or through legislation in the form of statutory spending authority for specific purposes.

As part of the departmental performance reporting process, the NRT prepares its annual financial statements on a full accrual basis in accordance with Treasury Board accounting policies, which are based on Canadian generally accepted accounting principles for the public sector. However, the spending authorities voted by Parliament remain on an expenditure basis.

The quarterly report has not been subject to an external audit or review.

Highlights of Fiscal Quarter and Fiscal Year to Date Results:

The NRT’s quarterly and year-to-date spending are in line with that of the previous year. Spending in the second quarter of 2011-12 was 2.4% higher than the second quarter of the previous year. The main variances in expenditures between
years are due to an increase on Standard Object Personnel of $176K, and decreases of $98K and $50K on Standard Objects Information and Professional and Special Services respectively. The $111K of the increase on Personnel relates to the payout of severance that the NRT will recover from a central Treasury Board vote in the fourth quarter of 2011-12. Overall spending on the Personnel by year-end is expected to be consistent with the previous year. In 2010-11, the first and second quarters included spending on translation, design and printing of two large reports, which was not the case in 2011-12.

As can be seen in Figure 1, the NRT has spent approximately 24.3% of its authorities in the first and second quarter of 2011-12.

Figure 1 – Second Quarter Expenditures Compared to Annual Authorities

Comparison of Net Budget Authorities and Expenditures as of September 30 ($ in thousands)

Risks and Uncertainties:

The NRT is funded through voted annual appropriations. As a result, its operations are impacted by any changes in funding approved through Parliament. Budget 2010 announced that departments and agencies would not be funded for the 2010-11 to 2012-13 wage and salary increases resulting from collective agreements. As departments and agencies must pay the salary increase to employees, organizations are expected to find efficiencies within their operating vote to fund these increases. The Round Table can accommodate this funding pressure in 2011-12 without significantly impacting its operations. Management continues to explore options to address this issue for 2012-13.

The NRT is also a knowledge-based organization and as such, relies on maintaining its talented and committed workforce to continue delivering operations and programs.

Significant Changes in Relation to Operations, Personnel and Programs:

There have been no significant changes in relation to operations and programs over the last year. There has been some staff turnover, most notably the Corporate Secretary position has been amalgamated with the Director, Corporate Services to create the position of Corporate Secretary and Director of Operations, and this position is supported by a new Members Services Liaison position.

Approved by,

David McLaughlin
President and CEO
Jim McLachlan
Chief Financial Officer


Ottawa, Canada
November 24, 2011


Statement of Authorities (unaudited)
Fiscal year 2011-12 Fiscal year 2010-2011
. Total available for use for the year ending March 31, 2012* Used during the quarter ended September 30, 2011 Year to date used at quarter-end Total available for use for the year ending March 31, 2011* Used during the quarter ended September 30, 2010 Year to date used at quarter-end
Vote 20 – Net operating expenditures 4,809,974 1,165,129 1,980,301 4,829,208 1,140,855 2,095,337
Budgetary statutory authorities (EBP) 439,195 109,799 219,597 418,167 104,373 208,746
Total Authorities 5,249,169 1,274,927 2,199,898 5,247,375 1,245,228 2,304,082
Departmental budgetary expenditures by Standard Object (unaudited)
. Fiscal year 2011-2012 Fiscal year 2010-2011
. Planned expenditures for the year ending March 31, 2012 Expended during the quarter ended, September 30, 2011 Year to date used at quarter-end Planned expenditures for the year ending March 31, 2011 Expended during the quarter ended, September 30, 2010 Year to date used at quarter-end
Personnel 2,879,169 990,072 1,744,649 2,877,375 813,996 1,625,265
Transportation and communications 455,000 55,799 113,502 395,000 55,840 102,224
Information 230,000 25,890 31,805 196,000 124,236 186,574
Professional and special services 1,357,500 173,717 222,590 1,548,000 223,093 324,444
Rentals 60,500 15,239 16,951 51,000 3,632 7,913
Repair and maintenance 58,000 7,318 43,496 57,000 8,303 26,533
Utilities, materials and supplies 41,000 4,499 8,384 68,000 6,792 11,650
Acquisition of machinery and equipment 168,000 2,361 18,136 55,000 6,487 15,904
Other subsidies and payments 32 384 2,850 3,576
Total net budgetary expenditures 5,249,169 1,274,927 2,199,898 5,247,375 1,245,228 2,304,082