Operating Crown Corporation Section oor Frans
Operating Crown Corporation Section
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Once the Nova Scotia crown corporation had acquired a Crown share, the operative provisions of COGA (including Section 36 as described above) would have applied to the Nova Scotia crown corporation.
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Crown corporations, as defined in paragraph 5, are subject to the sections of the policy dealing with the financial position of, and insurance schemes operated by, Crown corporations.
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(1) The difference between this amount and the Crown corporations expenses presented in the Statement of Operations and Accumulated Deficit in Section 2 of this volume consists of $203 million in financial assistance to Enterprise Crown corporations.
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(1) The difference between this amount and the Crown corporations expense presented in the Statement of Operations and Accumulated Deficit in Section 2 of this volume consists of $219 million in financial assistance to Enterprise Crown corporations.
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Of this amount, $219,416 is presented with Crown corporations expenses on the Statement of Operations and Accumulated Deficit in Section 2 of this volume.
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Summaries of operating budgets are not required of Crown corporations named in Part II of Schedule III, pursuant to Section 123 of the Act.
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• Section 123(3) requires an amended operating budget where a Crown corporation anticipates that the total amount of expenditures in respect of any major business or activity will vary significantly from the total amount projected for that major business or activity in the last approved operating budget.
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▪ Section 123(3) requires an amended operating budget where a Crown corporation anticipates that the total amount of expenditures in respect of any major business or activity will vary significantly from the total amount projected for that major business or activity in the last approved operating budget.
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• In order to provide a reliable and timely response to operational support services, we request that Crown corporations document and forward all requests via facsimile (fax) transmission to the Information Technology Section at (506) 533-5605.
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◦ 6.5.13 Ensuring that transfer payments are not made to a department as defined in section 2 of the Financial Administration Act, nor made to finance the ongoing operating or capital requirements of a federal Crown corporation.
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• Reminder - To provide a reliable and timely response to operational support services, we request that Crown corporations document and forward all requests via facsimile (fax) transmission to the Projects and Applications Management Section of the SPTCSS at (506) 533-5605.
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Special examinations of Crown corporations Do systems and practices of Crown corporations provide reasonable assurance that assets are safeguarded, resources are managed economically and efficiently, and operations are carried out effectively? 1 These components are explained in more detail in sections 5, 6 and 7 of the Auditor General Act and Part X of the Financial Administration Act.
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Special examinations of Crown corporations Do systems and practices of Crown corporations provide reasonable assurance that assets are safeguarded, resources are managed economically and efficiently, and operations are carried out effectively? 1 These components are explained in more detail in sections 5, 6 and 7 of the Auditor General Act and Part X of the Financial Administration Act.
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H. Shares of a Corporation (Clause 37) Clause 37 provides that for purposes of section 90 (concerning transactions requiring parliamentary authorization) in Part V (entitled "Crown corporations") of the Financial Administration Act, the federal Crown, or "parent Crown corporation" within the meaning of section 83 of that Act, is authorized to acquire, hold, dispose of and otherwise deal with shares of a corporation that owns or operates an international bridge or tunnel.
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D) OPERATING BUDGET SUMMARIES Summaries of approved operating budgets or amended operating budgets should set out the significant content of the approved original document as required in section 8 of the Crown Corporation Corporate Plan, Budget and Summaries Regulations and the Guidelines for the Preparation of Corporate Plans.
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Background Section 125 of the FAA requires that after a corporate plan, operating budget or capital budget is approved, the Crown corporation shall submit a summary of the plan and budget to the appropriate Minister for approval and tabling in each House of Parliament.
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At the end of this section, two exhibits provide a summary view of all Crown corporations: Exhibit 8 shows each corporation’s employment and financial position; and Exhibit 9 provides information about each corporation’s operating results and financing.
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Once the Nova Scotia crown corporation had acquired a Crown share, the operative provisions of COGA (including Section 36 as described above) would have applied to the Nova Scotia crown corporation.
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CCG Corporate Plans and Operating and Capital Budgets for Crown Corporations - Manual for Portfolio Management, Section – How to Conduct Analysis, p. 22
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Frequently Asked Questions This note is intended to clarify the application of section 125 of the Financial Administration Act (FAA), which requires that after a corporate plan, operating budget or capital budget is approved, the Crown corporation shall submit a summary of the plan or budget to the appropriate Minister for approval and tabling in each House of Parliament.
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Print Version Frequently Asked Questions This note is intended to clarify the application of section 125 of the Financial Administration Act (FAA), which requires that after a corporate plan, operating budget or capital budget is approved, the Crown corporation shall submit a summary of the plan or budget to the appropriate Minister for approval and tabling in each House of Parliament.
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Section 8.0 Lessons Learned This commercialization initiative was unique, in that it was the first time that an ongoing operation of government had been taken to the private sector without an interim step such as the creation of a Crown corporation.
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Alternative Service Delivery Policy on Alternative Service Delivery Toolbox Scope of ASD Service Agencies Partnerships and Collaborative Arrangements Employee Takeovers Crown Corporations TBS Policies and Publications Related Links and Publications Printable Version TRANSPORT CANADA Commercialization of the Air Navigation System Lessons Learned Study Previous Table of Contents Next Section 8.0 Lessons Learned This commercialization initiative was unique, in that it was the first time that an ongoing operation of government had been taken to the private sector without an interim step such as the creation of a Crown corporation.
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(Section 148) Submission and Tabling of Annual Reports Each Crown corporation is, within three months after the termination of each financial year, to submit an annual report on the operations of the corporation in that year concurrently to the appropriate Minister and the President of the Treasury Board, and the appropriate Minister is to table a copy of the report in each House of Parliament.
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Corporate Plans, Operating and Capital Budgets Under sections 122 to 124 of the FAA, most Crown corporations are required to submit an annual corporate plan, operating budget and capital budget to the responsible Minister, for Treasury Board approval.
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