Planned spending by type and lapse trend

2014-2015 Planned Spending by Type

Text Version

Graphic description: This pie chart shows the OIC’s budget split by types of planned expenditures for the fiscal year 2014-2015. The discretionary portion of planned spending is 1% or $158,007, 82% or $8,140,641 for personnel spending, 9% or $879,465 for operating fixed spending, and 8% or $760,479 for operating non discretionary spending.

 

The discretionary portion of the OIC’s 2014–2015 planned spending is 1%. Any future budget reductions would have a dramatic impact on the OIC’s financial flexibility, given the very limited discretionary funds the Commissioner has available. For example, just absorbing two years’ worth of salary increases from collective agreements will eliminate this amount.

(in dollars)

Lapse Trend

Text Version

Graphic description: This line chart shows the 5 year trend of the offices lapse, from fiscal year 2009-2010 to 2013-2014. We also compare the yearly lapse to our required contingency fund. The amounts are detailed below:

  2009-2010 2010-2011 2011-2012 2012-2013 2013-2014
Lapse $182,000 $148,008 $553,906 $550,987 $37,705
Contingency Fund $500,000 $500,000 $500,000 $500,000 $500,000
 

The percentages represent the amount of the lapse compared to the total budget for that year. In 2010–2011, OIC received $400,000 of Emergency Funding. The OIC lapsed just $37,411, or 0.2 percent of its budget, at the end of 2013–2014.