nrt annual report 2008-2009
TRANSCRIPT
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National Round Table on theEnvironment and the Econom
Annual Report
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
344 Slater Street, Suite 200Ottawa, Ontario, K1R 7Y3
Canada
Tel.: (613) 992-7189Fax: (613) 992-7385
E-mail: [email protected]
www.nrtee-trnee.ca
National Round Table on the Environment and the Economy, 2009
Printed on Rolland Opaque30, which contains 30% post-consumer fibre, is certified Environmental Choice and manufactured using biogas energy.
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LETTER FROM THE CHAIR AND PRESIDENT AND CEO
July 2009Dear Minister:
We are pleased to submit to you the 2008-2009Annual Reporto the National Round able on the Environment
and the Economy (NREE).
Tis year was particularly busy or the NREE. In the summer o 2008 we released an advisory note entitled
Developing Ambient Air Quality Objectives or Canada. Te note completed our work in response to the
Government o Canadas request or advice on long-term climate change and clean air strategies or Canada.
Te Round able marked its 20th Anniversary in 2008 with a unique orum called Securing Canadas Future in
a Climate-Changing World. It consisted o three roundtable sessions with Canadian leaders in sustainability
discussing Canadas environmental and economic security as seen through the lenses o our ecosystems, energy
economy, and Arctic environment. Te resulting report, Climate Forward, was published in June 2009.
Te NREE continued its ocus and research on the critical issue o climate change. In early 2009, the NREE
released Geared or Change: Energy Ef ciency in Canadas Commercial Building Sector, a collaborative report with
Sustainable Development echnologies Canada (SDC), setting out a policy pathway to overcome barriers
to technology deployment that would improve the energy ef ciency o commercial buildings and cut
greenhouse gas emissions.
Over 2008 and the winter o 2009 the NREE conducted ground breaking research into the ways in which
Canada can meet the governments goals on greenhouse gas (GHG) reduction targets, or 2020 and 2050.
Te results were published in April 2009, as Achieving 2050:A Carbon Pricing Policy or Canada, whichrecommended an economy-wide cap and trade system to meet our environmental targets at least economic cost.
We also ullled our obligations under the Kyoto Protocol Implementation Act, undertaking a review and
assessment o the governments 2008 KPIA Action Plan. A companion report, Greenhouse Gas Emissions
Forecasting: Learning rom International Best Practiceswas also released to provide guidance to policy-makers.
In 2008-2009, the NREE commenced work on two major policy research programs: Economic Risks and
Opportunities o Climate Change or Canada, and Water Sustainability and Canadas Natural Resource Sectors.
Over two decades, the NREE has developed expertise that positions us well to provide a unique and substantial
contribution to Canadas sustainable development. We look orward to continuing to provide you, the
Government o Canada, and Parliament with useul, timely and relevant policy advice throughout 2009-2010.
Yours sincerely,
Robert Page, Ph.D. David McLaughlin
Chair President and CEO
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NRTEE MEMBERS(APRIL 1, 2008 TO MARCH 31, 2009)
NRTEE ChairRobert Page, Ph.D.Calgary, Alberta
NRTEE Vice-ChairDavid ChernushenkoOttawa, Ontario
Janet BenjaminNorth Vancouver,British Columbia
he HonourablePauline Browes, P.C.
Toronto, Ontario
Elizabeth BrubakerToronto, Ontario
Angus BruneauSt. Johns, Newoundland andLabrador
Anthony DaleToronto, Ontario
Francine DorionSt-Bruno-de-Montarville,Quebec
Robert DubMontreal, Quebec
imothy HaigOakville, Ontario
Christopher HilkeneToronto, Ontario
Mark JaccardVancouver, British Columbia
Donald MacKinnonToronto, Ontario
Ken McKinnonWhitehorse, Yukon
Richard ProkopankoVancouver, British Columbia
Wishart RobsonCalgary, Alberta
Robert SlaterOttawa, Ontario
Robert SopuckWinnipeg, Manitoba
NRTEE President and CEO
David McLaughlin
President & CEODavid McLaughlin
Acting Executive Assistant tothe President and CEOammy Robillard
Director o Policy andResearchRen Drolet
Senior Policy AdvisorsLiza CampbellAlex Long
Policy AdvisorsDale Beugin
Jimena EyzaguirreChristina ParadisoAnnika amlyn
Research AssociatesKatherine BalpatakyWill McDowall
Director, Communications &Public Aairs (term position)Robert Paterson
Director, Communications &Public Aairs (leave oabsence)Caroline Bisson
Communications Advisorony Bgin
Website CommunicationsOicerEdwin Smith
Communications Coordinator
ania remblay
Corporate Secretary andManager, Member ServicesSara Melamed
Acting Director, CorporateServices, and
Manager, Finance and
ContractsJim McLachlan
Records and InormationManagement SpecialistFosca Omara
Corporate Planning andReporting OicerDarlene Springall
IT Security, Systems andNetwork AnalystKevin rudeau
Finance OicerClaude Simard
Finance AssistantsLinda CharbonneauCatharine White
Contracting AdministratorDenise Johnston
Manager o Human Resourcesand Administrative ServicesHlne Sutton
Human Resources and OiceManagement AssistantKim Laorge
Oice Manager (leave oabsence)Cathy Heroux
Administrative AssistantsDenise Edwards
Isabella KavaianRichard Pilon
NRTEE SECRETARIAT(AS OF MARCH 31, 2009)
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Emerging rom the amous Brundtland Report,Our Common Future, the National Round able on the
Environment and the Economy (NREE) has become
a model or convening diverse and competing interests
around one table to create consensus ideas and viable
suggestions or sustainable development.
Te NREE ocuses on sustaining Canadas prosperity
without borrowing resources rom uture generations
or compromising their ability to live securely.
Te NREE is in the unique position o being an
independent policy advisory agency that advisesthe ederal government on sustainable development
solutions. We raise awareness among Canadians and
their governments about the challenges o sustainable
development. We advocate or positive change. We
strive to promote credible and impartial policy
solutions that are in the best interest o all Canadians
based on research, stakeholder engagement, and
consideration by Round able members.
We accomplish that mission by ostering sound, well-
researched reports on priority issues and by oeringadvice to governments on how best to reconcile and
integrate the oten divergent challenges o economic
prosperity and environmental conservation.
Te NREE brings together a group o distinguishedsustainability leaders active in businesses, universities,
environmentalism, labour, public policy, and
community lie rom across Canada. Our members are
appointed by the ederal government or a mandate o
up to three years. Tey meet in a round table ormat
that oers a sae haven or discussion and encourages
the unettered exchange o ideas leading to consensus.
Tis is how we reconcile positions that have traditionally
been at odds.
We also reach out to expert organizations, industries,and individuals to assist us in conducting our work
on behal o Canadians. Tese partners help spark
our creativity, challenge our thinking, and generate
the momentum needed or success.
Te NRTEE Actunderlines the independent nature
o the Round able and its work. Te NREE reports,
at this time, to the Government o Canada and
Parliament through the Minister o the Environment.
Te NREE maintains a secretariat, which commissions
and analyzes the research required by its members intheir work. Te secretariat urnishes research,
administrative, promotional, and communications
support or NREE activities and operations.
NATIONAL ROUND TABLE ON THE ENVIRONMENTAND THE ECONOMY: ABOUT US
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TABLE OF CONTENTS
THE YEAR IN REVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
COMMUNICATIONS AND PUBLICATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
A LOOK AHEAD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
AUDITORS REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
STATEMENT OF FINANCIAL POSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
STATEMENT OF OPERATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
STATEMENT OF EQUITY OF CANADA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
STATEMENT OF CASH FLOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
NOTES TO THE FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Authority and Objectives. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Summary of Significant Accounting Policies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Related Party Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Tangible Capital Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Accounts Payable and Accrued Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Employee Future Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Contractual Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Parliamentary Appropriations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Donations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Comparative Figures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
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ANNUAL REPORT 2008-2009 1
POLICY AND RESEARCH PROGRAMS
Te Round able strives to ensure its policy and
research activities are directly relevant to Canadas
national interest.
Te Round able oers an opportunity or our
stakeholders to gather and share in the development
o eective insights and understanding. Trough its
research and analysis the Round able is a catalyst
or innovative, eective public policy in sustainability.
Te NREE oers independent advice to governmentson how best to address the challenges and seize the
opportunities associated with creating a sustainable,
twenty-rst century economy or Canadians.
Over the 2008-2009 scal year, the NREE has
ocused its attention on a number o critical issues
and research areas:
Ambient air quality standards or Canada;
Climate change;
Energy ef ciency; Northern inrastructure, and adaptation to our
changing climate;
Water sustainability and Canadas natural resource
sectors; and,
Te NREEs role in reviewing the Government o
Canadas implementation o the Kyoto Protocol.
We released ve reports in 2008-2009 related to our
work. We held nineteen consultation meetings across
the country on various issues. We also held a majororum on climate change to mark the Round ables
20th anniversary.
Developing Ambient Air QualityObjectives for Canada
In the all o 2006, the ederal government asked the
NREE to provide advice on national ambient air
quality objectives or particulate matter (PM) and
ozone or the medium- (2020-2025) and long-term
(2050). Tis request or advice was part o a broader
reerence to the Round able on climate change and
clean air. Te Round ables climate change advice was
delivered in 2008 with the publication oGetting to
2050: Canadas Transition to a Low-emission Future.
From the outset o its research, the NREE concluded
that providing advice on specic numerical air quality
objectives would require a level o expertise and time
commitment beyond the scope and timeline o the
governments ormal request. Te NREE thereore
concluded that its best value-added advice would be toocus on the purpose o ambient air quality objectives
and the process o setting them. Te NREE research
ocused not on recommending specic quantitative
standards or objectives, but instead on providing advice
with respect to the process o setting national objectives.
THE YEAR IN REVIEW
Developing Ambient Air
Quality Objectives for
Canada, released in July
2008.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY2
Te NREEs report, Developing Ambient Air Quality
Objectives or Canadalaid out a ramework in which
governments might create an eective system to
regulate ambient air quality. Tat ramework included
three key principles:
1. National long-term objectives need to be supported
by the establishment o medium-term regulatory
standards.
2. Te Government o Canada should take the lead in
developing national objectives.
3. An independent science-based process is required
to develop national standards based on the best
international data and experience. Te process
would involve the provinces, territories and
municipalities.
A copy oDeveloping Ambient Air Quality Objectives or
Canadacan be ound at: http://www.nrtee-trnee.ca/
eng/publications/ambient-air-report/ambient-air.pdf
Climate Change
Troughout the scal year the NREE conducted
signicant new research into how to address greenhouse
gas emissions in Canada and meet the governments
goals towards combating climate change. Tis workbuilt on our successul 2008 report, Getting to 2050:
Canadas Transition to a Low-emission Future.
Te report concluded that an economy-wide price on
carbon was the most cost-eective way to achieve
deep, long-term emission reductions. Our next phase
o research considered how best to establish a unied
carbon pricing policy or Canada that would meet
Canadas environmental goals at least economic cost.
It was published in April, 2009, entitledAchieving 2050:
A Carbon Pricing Policy or Canada, and consisted oan advisory report and a technical backgrounder. Te
NREEs research included wide consultation with
stakeholders, on-going input rom an Expert Advisory
Committee, a review o global experiences, and the
creation o new economic modelling and analysis.
Our report concluded:
An economy-wide carbon price signal is the most
eective way to achieve the Government o Canadas
medium- and long-term emission reduction targets.
Tat price signal should take the orm o an
economy-wide cap-and-trade system that unies
carbon prices across all jurisdictions and emissions and
prepares us or international linkages with our majortrading partners.
An eective carbon pricing policy needs to nd a
balance between certainty and adaptability it should
be certain enough to transmit a clear, long-term price
signal to the economy to encourage technology and
change behaviour, yet adaptable to circumstances
and uture learning.
echnology development and deployment, along with
the electrication o the energy system, is central to
emission reductions and is stimulated through aneconomy-wide carbon price signal.
Complementary regulatory and technology policies in
the transportation, buildings, oil and gas, and
agricultural sectors are required to ensure broad-based
emission reductions.
Achieving 2050: A
Carbon Pricing Policy forCanada (Advisory Note),
released in April 2009.
Achieving 2050: A Carbon
Pricing Policy for Canada
(Technical Report),
released in April 2009.
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ANNUAL REPORT 2008-2009 3
New ederal/provincial/territorial governance
mechanisms and processes should be put in place.
Copies o the report and inormation on the research
process can be ound at: http://www.nrtee-trnee.ca/eng/
publications/carbon-pricing/carbon-pricing-eng.php
NRTEEs 20th Anniversary Forum
On October 30, 2008, the NREE marked its
20th anniversary by hosting a unique roundtable orum
with leading Canadian sustainability experts, advocates
and practitioners entitled Securing Canadas Future
in a Climate-Changing World. Te Forum ormat
consisted o three moderated roundtable sessions
ocusing on how climate change was impacting
Canadas economic and environmental security through
the lenses o three themes: Canadas ecosystems, its
energy economy, and our Arctic environment.
Te Forum objectives included engaging the roundtable
participants to identiy:
Te priority climate change issues acing Canada
or each round table theme;
Current policy gaps and potential policy solutions
or addressing these issues; and,
Implications or policy development and
governance.
o eed the discussion and outline the key issues, the
NREE commissioned a number o commentaries by
widely respected experts and key opinion leaders on
each o the three themes. Te commentaries were
published along with a Forum Guide, setting out the
key issues, and were made widely available on the
Round ables website. A real-time audience survey was
conducted over the course o the Forums deliberations
to get input rom all attending.
Te Forum served as an opportunity to convene
Canadas leading thinkers on the environment and the
economy and raise awareness o current and emerging
challenges arising rom the eect o climate change on
Canadas environment, economy, and Arctic.
Discussions ormed the groundwork or a orward
climate policy research agenda or Canada which the
Round able released in the next scal year (June,
2009) called Climate Forward.
More inormation and all documents on the Forum
can be ound at: http://www.nrtee-trnee.ca/eng/
news-media/events/other/20th-anniversary/
20th-anniversary.php
1 The commentaries were provided by: Dr. Roger Gibbons, Preston Manning, Mel Cappe, Stephen Williams, Dr. David Keith, Peter Robinson, David
Runnalls (and others at the International Institute for Sustainable Development), Thomas Homer-Dixon, and Ian Church.
Forum Guide for the
NRTEEs 20th Anniversary
Forum Securing
Canadas Future in a
Climate-Changing World,
released in October
2008.
Forum Commentariesfor the NRTEEs
20th Anniversary Forum
Securing Canadas
Future in a Climate-
Changing World,
released in October
2008.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY4
Geared for Change: Energy Efficiency inCanadas Commercial Building Sector
In January 2009, the NREE released with Sustainable
Development echnology Canada (SDC) a joint
report entitled Geared or Change: Energy Ef ciency inCanadas Commercial Building Sector. Tis collaborative
research linked the NREEs policy advisory role and
convening power with SDCs proven clean tech
expertise and market knowledge. It proposes a policy
pathway to promote energy ef ciency within the
commercial building sector, and recommends ways to
overcome barriers to the deployment o technology that
would reduce greenhouse gas emissions.
Te NREE and SDC outlined a suite o teen
policy recommendations grouped in our broadcategories:
Implement an economy-wide price signal;
Incorporate command and control regulations;
Use a variety o subsidies to overcome nancial
risks; and,
Promote voluntary actions and inormation
resources.
Canadas commercial building sector is a signicant
energy user and producer o carbon emissions. Itaccounts or 14% o end-use energy consumption and
13% o the countrys carbon emissions. Energy ef cient
technologies exist that could reduce costs to businesses
and consumers while reducing the environmental
impact o this major economic sector. But these
technologies are not being taken up, with the result
that energy use and carbon emissions continue to grow.
From January to March 2009, the NREE and SDC
held outreach sessions in oronto, Haliax, Montreal,
and Vancouver on the report. Each o these sessionswere hosted by a partner local organization, with guest
speakers invited to give a regional and local context
to the report recommendations. Te purpose o the
sessions was to communicate the research ndings andbuild local networks to promote action or increasing
energy ef ciency in commercial buildings. Participants
engaged with presenters, allowing or an opportunity to
increase understanding o relevant issues and policy
options. Invitees ranged rom the public and private
sectors, academia and non-government organizations.
Te eectiveness o these outreach activities was clearly
demonstrated by a signicant increase in report
downloads surrounding each event. Tis pattern o
release ollowed by engagement has become theNREEs normal pattern o outreach. Over 2,064
downloads o the report (to March 31, 2009) occurred.
Te Geared or Changereport can be downloaded rom
the NREE website at: http://www.nrtee-trnee.ca/
eng/publications/commercial-buildings/commercial-
buildings.php
Geared for Change:
Energy Efficiency in
Canadas Commercial
Building Sector,
published in
January 2009.
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ANNUAL REPORT 2008-2009 5
Adaptation of Northern Infrastructureto Climate Change
Te impacts o climate change are already evident
across Canadas North and could intensiy over the next
decades regardless o successes in reducing uture globalemissions o greenhouse gases (GHGs). Many o these
changes will result in direct impacts to ecosystems,
human inrastructure, and to our economies, saety and
well-being.
Initiated in June 2006, the purpose o this NREE
program is to examine the inuence o Canadian public
policy on how our communities and economic sectors
plan or and manage the eects o climate change. Te
program ocuses on exploring public policy options or
improving the management o climate change risks inrespect o northern physical inrastructure. Tis
recognizes the unique vulnerability o Canadas North,
to the impacts o climate change. Northern physical
inrastructure is especially vulnerable, since it was oten
developed in the special context o an extreme climate,
making it extremely vulnerable to change. Tis
inrastructure must adapt eectively to the new reality
to ensure sustainable regional development and to
saeguard national security and saety.
Specically, the program is evaluating how keymechanisms within existing policy areas might be
adjusted, strengthened or restructured to recognize that
the impacts o climate change are a serious risk. Te
NREE decided to examine disaster management;
codes, standards and related instruments; and insurance
as three areas in which public policy could play an
enabling role in mainstreaming climate change risks as
part o the management o northern physical
inrastructure.
Signicant data, inormation, and stakeholder viewswere collected as part o the program. Te research
process included three study teams, each ocused on
one approach to risk management.
Te NREE also commissioned research on the role
o governments in adaptation, and legal liability as a
barrier or driver o adaptation. Input rom northern
stakeholders and technical experts was a key part o
the research process, in some cases, involving travel to
northern communities. Overall, the NREE involved
close to 100 stakeholders in the research process.
Te NREE will make recommendations relating to
the three policy areas examined, highlighting barriersand opportunities to proactively build the resilience
o northern inrastructure and related services to a
changing climate. Te report will be released in the
all o 2009.
Inormation on the program and its activities can be
ound at: http://www.nrtee-trnee.ca/eng/issues/
programs/adaptation/adaptation.php
Water Sustainability and Canadas
Natural Resource Sectors
In Fall 2008, the NREE launched a program on
Water Sustainability and Canadas Natural Resource
Sectors. Te program is designed to examine the
relationship between the energy, mining, orestry and
agriculture sectors and water sustainability, how water
is used by these sectors, how it contributes to their
economic livelihood, and how we can ensure the
sustainability o this resource in the uture. One key
element in the program is the expected changes in
supply, availability and distribution owing romclimate change.
Phase I (which ended in March 2009) developed clear
objectives and a research ramework or the program.
Charting a Path
Synthesis of Workshop
Discussion.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY6
In order to achieve this, the NREE held a
multi-stakeholder workshop on February 24, 2009.
Among the participants were industry sector leaders,
representatives o governments, academics, leaders o
non-government organizations, Aboriginal peoples,
and civil society. Teir input was vital in setting the
direction o the programs work. A report on the
conclusions and directions rom this orum called
Charting a Path is publicly available on our website.
In addition, a Sub-Committee on Water comprising
members o the NREE was created to allow or
additional involvement and guidance in the program. Tis
group is complemented by an Expert Advisory Committee
(EAC), made up o leading Canadian water experts. Te
EAC and the NREE Sub-Committee will be in place
over the course o the Program to provide ongoing advice.
Inormation on the Water Sustainability and
Canadas Natural Resource Sectors can be ound at:
http://www.nrtee-trnee.ca/eng/issues/programs/
water/water.php
Kyoto Protocol Implementation Act
Te Kyoto Protocol Implementation Act (KPIA) was
passed by Parliament in June 2007. It calls on
Canada to meet its international commitment underthe Kyoto Protocol by reducing greenhouse gas
emissions to 6 per cent below 1990 levels by 2012.
Every year, the government must prepare a Climate
Change Plan describing the measures and policies it
enacted to ensure that Canada meets its obligations
under the Kyoto Protocol. Tis plan must also detail
the expected emission reductions resulting rom the
governments measures and policies.
Subsection 10(1) o theActrequires the NREE to:
a) Undertake research and gather inormation and
analyses on the Plan or statement in the context
o sustainable development; and
b) Advise the Minister on issues that are within its
purpose, including the ollowing:
i) Te likelihood that each o the proposed
measures or regulations will achieve the
emission reductions projected in the Plan
or statement;
ii) Te likelihood that the proposed measures
or regulations will enable Canada to meet
its obligations under Article 3, paragraph 1,
o the Kyoto Protocol; and,
iii) Any other matters that the Round able
considers relevant.
Te NREE undertook the required analysis to
comply with our obligations under KPIA and our
ndings were provided in a report to the Minister o
the Environment in July, 2008. Te NREE oeredthe ollowing conclusions in its report:
Overall, the 2008 KPIA Plan was a more transpar-
ent and more accurate representation o projected
emission reductions. In particular, the Plan was
improved through use o integrated modelling
approaches.
While the 2008 Plan showed substantial improvement,
some methodological issues may still contribute to an
overestimation o emission reductions, particularly in
the assessment o individual policies or programs. With respect to the realization o Canadas
Kyoto commitments, we concluded that the
Plan will likely not allow Canada to meet those
commitments. However, we also suggested that
including longer-term orecasts would allow or
a more complete picture o the eectiveness o
climate policy measures.
Response of the
National Round Table
on the Environment
and the Economy to
its Obligations Under
the Kyoto Protocol
Implementation Act,
delivered to the Minister,
Environment Canada,
released in July 2008.
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ANNUAL REPORT 2008-2009 7
Te 2008 NREE KPIA Response also recommended:
Tat evaluation o policies also ocus on the longer
term and progress toward the governments targets;
Tat the integrated modelling be extended to assess
incremental eects o individual policies;
Tat updates to the most current reerence case
be well documented and not be combined with
reporting under the KPIA;
Tat emission reductions attributed to the
technology und be accounted or in the year
they are to occur rather than the year in which
contributions to the und are made;
Tat uture integrated modelling account or all
potential osets to minimize likely rebound and
ree-rider eects;
Tat only the impacts o announced and reasonably
expected provincial actions be included in the
modelling or the KPIA plan; and,
Tat orecasting techniques used continue to strive
to meet international best practices in orecasting
techniques and governance.
Copies o the report and inormation on the research
process can be ound at: http://www.nrtee-trnee.ca/
eng/issues/programs/KPIA/KPIA.php
GHG Emissions Forecasting: Learningfrom International Best Practices
In July 2008, the NREE released a report entitled:
Greenhouse Gas Emissions Forecasting: Learning rom
International Best Practices. Tis report was released in
tandem with our 2008 Response to our obligations
under the KPIA.
Tis report builds on key concerns highlighted by theRound able in its 2007 Response to its obligations
under the Kyoto Protocol Implementation Act(2007
KPIA Response). Chie among those concerns were
diering and inconsistent orecasting methods used
among various ederal departments to describe the
greenhouse gas (GHG) emission reductions accruing
rom a particular policy measure or initiative, leading
to issues o additionality, ree ridership, rebound eect,
and policy interaction eects.
Based on these concerns, the NREE elt it would be
useul or the ederal government i international best
practices could be identied and highlighted in the
orecasting o emission reductions resulting rom
government policies, rom both a methodological and
a governance perspective.
Key ndings and recommendations rom the analysis
contained in the report include the ollowing:
From amethodologicalperspective:
Hybrid energy-economy models are more eective
in producing accurate GHG emissions orecasts as
they integrate the strengths o both the traditional
bottom-up and top-down approaches to modelling
emissions orecasts.
Te use o a consistent baseline rom year-to-year
(including baseline data), assumptions, and
conditions across the board is undamental to
ensure emissions orecasts can be accurately
compared rom year to year. Te use o consistent and agreed denitions
o terms and concepts, such as or ree ridership
and additionality, across government departments
involved in orecasting would ensure greater
transparency o emissions orecasts and acilitate
assessment o the orecasts accuracy.
Greenhouse Gas
Emissions Forecasting,
released July 2008, as
a supplement to the
NRTEEs obligations
under the Kyoto Protocol
Implementation Act,
released in July 2008.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY8
Tere is need or an international perspective in the
model so that it can respond appropriately to world
events (since in most cases, Canada is a price taker
or both commodities and energy, and a primary
trader o goods and energy). Canada is acting in
concert with other countries on climate policy and
its orecasting approaches need to reect this reality.
From agovernanceperspective:
Use o an independent orecasting agency
is preerable to provide more accurate and
transparent emissions orecasts or consideration
by government policy makers, external analysts,
and Parliamentarians and to acilitate ongoing
audit and evaluation.
Multi-source emissions orecasting rom a group
o individual government departments can be
accurate, but works best both when centrally
coordinated and with independent authority by
the central coordinating department or agency
to question other departmental orecasts.
Regular independent reviews, audits and
evaluations o government orecasts and orecasting
methods by a third-party agency or process helps
ensure accuracy o orecasts and that orecasting
methodologies are up-to-date and robust.
Forecasting must be suf ciently resourced and
nanced by governments to ensure data is up
to date and most recent improvements in
orecasting methodologies are incorporated or
the benet o policy makers taking decisions
based on these orecasts.
Regular, ongoing evaluation o past orecasts
or accuracy and eectiveness is necessary to
ensure continuous improvement o government
orecasting methodologies and approaches.
Ensure transparency and clarity with respect to
key assumptions and methods.
Copies o the report and inormation on the research
process can be ound at: http://www.nrtee-trnee.ca/
eng/issues/programs/KPIA/KPIA.php
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ANNUAL REPORT 2008-2009 9
Over 2008-2009 the NREE increased its overall
communications prole and activities, supportingin the release o the Round ables ve reports, revamping
our website with a new look and improved unctionality
and communicating advice regularly and directly with
stakeholders.
A signicant actor in this success and in the success
o the other reports detailed below, was the ocus NREE
communications has placed on the Round ables
website. Te site was re-designed to create a tool that
would be more useul or stakeholders by taking into
account new technological innovations and by ocusingon delivering targeted, relevant and important
inormation. Te re-design also brought the NREE look
much closer into line with the Government o Canadas
Common Look and Feel. Te website has continued to
develop and improve in response to our stakeholders
needs. Website visits have jumped since then.
In conjunction with the re-design o the website the
NREE moved to make electronic access to its reports
easier. Te Round able has always sought to deliver its
advice and conclusions to the widest possible number o
interested Canadians. Electronic distribution o reports
has many advantages over traditional printing, saving
costs and using less paper. It also makes it possible or the
NREE to get its reports out to stakeholders immediately.
As a strategic goal, e-distribution will become more andmore a part o the Round ables way o delivering its
message. Te Round able saw a ratio o about eight to
one between electronic and print versions o our reports.
Te 20th anniversary orum was a major public
event or the Round able in the all o 2008. Te
communications section brought both media and public
attention to the proceedings. Tis included ull video
coverage rom CPAC, allowing a wide audience across
Canada to see the discussions which were also made
available on our website. Te report rom the session,Climate Forward: A Next Step Policy Agenda for Canada
was released, online only, in June 2009, but it did achieve
signicant downloads rom the website. Within a week o
release it had been downloaded more than 3,407 times.
Media relations are a key part o the work o the NREE
communications team. In 2008-2009 the Round able
achieved signicant presence both in the national and
regional media in support o its various reports, especially
the 20th Anniversary Forum and Geared for Change. In
addition to earned media the NREE has also sought
exposure through opinion items where appropriate,
including the Hill Times, in support o our work on
climate change, water and energy ef ciency.
WATER SUSTAINABILITY AND CANADAS
COMMUNICATIONS AND PUBLICATIONS
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY10
WATER SUSTAINABILITY AND CANADASNATURAL RESOURCE SECTORS
Te Water Sustainability and Canadas Natural
Resource Sectors Program has an ambitious set o
goals or Phase II which runs rom April 2009 to
March 2010. During this time, the NREE will
urther engage with each o the sectors and other
relevant stakeholders to learn, rsthand, about the
issues, risks and barriers associated with water and
sector sustainability. o that end, the NREE will
initiate our sectoral roundtables (agriculture,orestry, energy and mining) in the Fall o 2009.
Tis will lead to a rst report on implications and
opportunities or the sectors and water sustainability.
Tis will orm the basis o a next step o research
and consultations leading to ormal advice and
recommendations to governments and industry.
ECONOMIC RISKS AND OPPORTUNITIES
OF CLIMATE CHANGE FOR CANADA
Tis program is a two-year initiative to assess the
economic risks and opportunities or Canada related
to climate change. It will develop strategic policy
recommendations to secure Canadas economic uture in
a changing climate. Te program recognizes that climate
change is not solely an environmental issue it is an
issue o long-term strategic importance or Canadas
economy. Te work will not only underscore the need
or Canada to participate in global eorts to reduce
greenhouse gas emissions and how best to do so, butwill also highlight the importance o adapting to the
changing climate.
Work on the program in 2009 will ocus on tworesearch streams, with a program-wide ocus on
stakeholder and citizen engagement.
Te rst research stream deals with the physical
impacts o climate change. Climate change will bring
risks to the economy, or example rom sea-level rise
and rom extreme events such as storms and oods.
Tere will also be some economic benets or Canada
rom climate change, at least in the short-term, such
as reduced heating bills as winters become less cold.
Currently, there is insuf cient knowledge about whatthe physical impacts o a changing climate will mean
or Canadas economy and regions, and the costs o
adaptation.
Te second research stream addresses the risks and
opportunities that are created by a global transition to
a low-carbon economy. As the world enacts policies
to reduce emissions, new industries and technologies
will emerge. Research will need to identiy sectors
with greatest opportunities or risks, and to benchmark
Canadas perormance in terms o low-carbon
innovation. Tis stream o work will explore how
Canada can seize the opportunities that a global
transition to a low-carbon economy will create.
A LOOK AHEAD
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ANNUAL REPORT 2008-2009 11
Responsibility or the integrity and objectivity o the accompanying nancial statements or the year ended March31, 2009 and all inormation contained in this report rests with the NREE management. Tese nancial
statements have been prepared by management in accordance with accounting policies issued by the reasury
Board o Canada Secretariat which are consistent with Canadian generally accepted accounting principles or the
public sector.
Management is responsible or the integrity and objectivity o the inormation in these nancial statements. Some
o the inormation in the nancial statements is based on managements best estimates and judgment and gives due
consideration to materiality. o ull its accounting and reporting responsibilities, management maintains a set o
accounts that provides a centralized record o the NREEs nancial transactions. Financial inormation submitted
to the Public Accounts o Canadaand included in the NREEs Departmental Perormance Reportis consistent with
these nancial statements.
Management maintains a system o nancial management and internal control designed to provide reasonable
assurance that nancial inormation is reliable, that assets are saeguarded and that transactions are in accordance
with the Financial Administration Act, are executed in accordance with prescribed regulations, within Parliamentary
authorities, and are properly recorded to maintain accountability o Government unds. Management also seeks to
ensure the objectivity and integrity o data in its nancial statements by careul selection, training and
development o qualied sta, by organizational arrangements that provide appropriate divisions o responsibility,
and by communication programs aimed at ensuring that regulations, policies, standards and managerial authorities
are understood throughout the NREE.
Te nancial statements o the NREE have been audited by theAuditor General o Canada, the independent
auditor or the Government o Canada.
David McLaughlin Jim McLachlan
President and CEO Director, Corporate Services
Ottawa, Canada
June 5, 2009
MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTSfor the year ended March 31, 2009
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AUDITORS REPORT
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ANNUAL REPORT 2008-2009 13
NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
STATEMENT OF FINANCIAL POSITIONAt March 31
2009 2008$ $
ASSETSFinancial Assets
Due from Consolidated Revenue Fund 431,901 533,369
Receivables (Note 4) 58,447 94,886
490,348 628,256
Non-Financial Assets
Prepaid expenses 16,415 32,614Tangible capital assets (Note 5) 201,967 158,601
218,382 191,215
TOTAL ASSETS 708,730 819,471
LIABILITIES AND EQUITY OF CANADA
Accounts payable and accrued liabilities (Note 6) 589,662 705,145
Employee future benefits (Note 7) 532,206 427,731
1,121,868 1,132,876
EQUITY OF CANADA (413,138) (313,404)
TOTAL LIABILITIES AND EQUITY OF CANADA 708,730 819,471
Contractual obligations (Note 8)
The accompanying notes form an integral part of these financial statements.
Approved by:
David McLaughlin Jim McLachlan
President and CEO Director, Corporate Services
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY14
NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
STATEMENT OF OPERATIONSFor the year ended March 31
2009 2008$ $
EXPENSESOperating
Salaries and employee benefits 3,000,872 2,668,157
Professional and special services 1,342,926 1,442,184
Rentals 435,605 430,649
Publications 187,673 197,691
Travel 165,169 263,157
Communication 96,718 92,762
Furniture and equipment 81,021 77,862
Amortization of tangible capital assets 66,631 67,062
Repairs and maintenance 47,255 34,664
Utilities, materials and supplies 35,771 32,584
5,459,641 5,306,772
Executive Committee
Travel and living expenses 629 10,280
Honoraria 4,866 13,423
5,495 23,703
Other Committees
Travel and living expenses 100,751 139,499
Honoraria 133,868 154,095
234,619 293,594
TOTAL EXPENSES 5,699,755 5,624,069
REVENUES
Donations (Note 10) 105,000 -
Funding from other government departments - 17,625
Sale of publications - 988
Miscellaneous 885 663
TOTAL REVENUES 105,885 19,276
NET COST OF OPERATIONS 5,593,870 5,604,793
The accompanying notes form an integral part of these financial statements.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
STATEMENT OF EQUITY OF CANADAFor the year ended March 31
2009 2008
$ $
Equity of Canada, beginning of year (313,404) 18,884
Net cost of operations (5,593,870) (5,604,793)
Services provided without charge (Note 3) 433,976 417,511
Net change in due from Consolidated Revenue Fund (101,471) 2,544
Net cash provided by government (Note 9) 5,161,630 4,852,448
EQUITY OF CANADA, END OF YEAR (413,138) (313,404)
The accompanying notes form an integral part of these financial statements.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY16
NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
STATEMENT OF CASH FLOWFor the year ended March 31
2009 2008$ $
Operating ActivitiesNet cost of operations 5,593,870 5,604,793
Non-cash items included in cost of operations:
Less: Amortization of tangible capital assets (66,631) (67,062)
Services provided without charge (433,976) (417,511)
Statement of financial position adjustments:
Decrease in receivables (36,439) (53,579)
Decrease in publication inventory for resale - (25,426)
Decrease in prepaid expenses (16,199) (16,869)
Decrease in accounts payable and accrued liabilities 115,483 41,287
Increase in employee future benefits (104,475) (235,422)
Cash used by operating activities 5,051,632 4,830,211
Capital Investment ActivitiesAcquisition of tangible capital assets 109,998 22,237
Cash used by capital investment activities 109,998 22,237
Net Cash Provided by Government of Canada 5,161,630 4,852,448
The accompanying notes form an integral part of these financial statements.
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY
NOTES TO THE FINANCIAL STATEMENTSFor the year ended March 31
1. AUTHORITY AND OBJECTIVES
Te National Round able on the Environment and the Economy (NREE) was established in 1994 under the NationalRound Table on the Environment and the Economy Actand is a departmental corporation named in Schedule II o theFinancial Administration Act. Te NREE ulls its objective o promoting sustainable development, and the integrationo the environment and economy in decision making in all sectors, by conducting studies, organizing stakeholderdialogues on specic issues and economic sectors, providing advice, carrying out educational and communicationactivities, and by acting as a catalyst or change. Its operating expenses are unded mainly by a budgetary lapsing authorityand, to a lesser extent, rom cost recovery and cost sharing or specic activities. Te NREE is not subject to theprovisions o the Income Tax Act.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Tese nancial statements have been prepared in accordance with the reasury Board Secretariat accounting policies whichare consistent with Canadian generally accepted accounting principles or the public sector, and year-end instructionsissued by the Of ce o the Comptroller General. Signicant accounting policies are as ollow:
a) Parliamentary Appropriations
Te NREE is nanced mainly by the Government o Canada through Parliamentary appropriations.Appropriations provided to the NREE do not parallel nancial reporting according to Canadian generallyaccepted accounting policies or the public sector, as they are based in a large part on cash ow requirements.Consequently, items recognized in the Statement o Operations and the Statement o Financial Position are not
necessarily the same as those provided through appropriations rom Parliament. Note 9 provides a high-levelreconciliation between the two basis o reporting.
b) Due from Consolidated Revenue Fund
Te NREE operates within the Consolidated Revenue Fund (CRF). Te CRF is administered by the ReceiverGeneral or Canada. All cash received by the NREE is deposited to the CRF and all cash disbursements made bythe NREE are paid rom the CRF. Due rom the CRF represents the amount o cash that the NREE is entitledto draw rom the Consolidated Revenue Fund, without urther Parliamentary appropriations, in order todischarge its liabilities.
c) Revenues
Revenues are accounted or in the period in which the underlying transaction or event occurred that give rise tothe revenues. Revenues that have been received but not yet earned are presented as deerred revenues. Fundsreceived rom external parties or specied purposes are recorded upon receipt as deerred revenues. Tese revenuesare recognized in the period in which the related expenses are incurred.
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d) Expenses
Expenses are recorded on the accrual basis:
Employees severance benets are accrued as earned and are calculated using inormation derived romthe results o the actuarially determined liability or employee severance benets or the Government as
a whole. Employee severance benets on cessation o employment represent obligations o the NREEthat are normally unded through uture year appropriations.
Vacation pay and compensatory leave are expensed as the benets accrue to employees under theirrespective terms o employment.
Contributions to the Public Service Pension Plan are charged to expenses in the year incurred andrepresent the total NREE obligation to the Plan. Current legislation does not require the NREE tomake contributions or any actuarial deciencies o the Public Service Pension Plan.
Services provided without charge by other government departments are recorded as expenses at theirestimated costs. A corresponding amount is credited directly to the Equity o Canada.
e) Receivables
Receivables are stated at amounts expected to be ultimately realized; a provision is made or receivables whererecovery is considered uncertain.
f) Tangible Capital Assets
angible capital assets with an acquisition cost o $2,000 or more are capitalized at cost and amortized over theirestimated useul lives on a straight-line basis. Te estimated useul lie o each tangible capital asset class is as
ollows:
ASSET CLASS USEFUL LIFE
Leasehold Improvements lower o lease term and 10 years
Inormatics Equipment and Purchased Sotware 3 years
Furniture and Equipment 10 years
g) Measurement Uncertainty
Te preparation o these nancial statements in accordance with reasury Board o Canada Secretariat accountingpolicies, which are consistent with Canadian generally accepted accounting policies or the public sector, and year-end instructions issued by the Of ce o the Comptroller General, requires management to make estimates andassumptions that aect the reported amounts o assets, liabilities, revenues and expenses reported in the nancialstatements. At the time o preparation o these statements, management believes the estimates and assumptions tobe reasonable.
Te most signicant items where estimates are used are the useul lie o tangible capital assets and assumptions
underlying the employee severance liabilities. Actual results could dier signicantly rom those estimates.Managements estimates are reviewed periodically and, as adjustments becomes necessary, they are recordedin the nancial statements in the year they become known.
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ANNUAL REPORT 2008-2009 19
3. RELATED PARTY TRANSACTIONS
Te NREE is related in terms o common ownership to all Government o Canada entities. Te NREE enters intotransactions with these entities in the normal course o business and on normal trade terms, with the exception o servicesprovided without charge.
Te NREE incurred expenses with related parties o $1,190,572 (2008 - $1,108,896). From this amount, $433,976 (2008 -$417,511) represent services provided without charge which includes $370,976 (2008 - $367,511) or the rental o space.Revenues generated rom related parties amounted to $0 (2008 - $17,625) or cost sharing events organized by the NREE.
4. RECEIVABLES
2009 2008$ $
Other government departments 31,388 93,953
External parties 27,059 934
Total Receivables 58,447 94,886
5. TANGIBLE CAPITAL ASSETS
Cost as at Cost as at
March 31, 2008 Acquisitions Dispositions March 31, 2009
Leasehold improvements $282,315 $63,587 $192,477 $153,425
Informatics equipments and purchased software $366,913 $40,261 $201,726 $205,448
Furniture and equipment $180,191 $6,150 $13,850 $172,491
$829,419 $109,998 $408,053 $531,364
Current Year Accumulated Net Book Value Net Book Value
Amortization Amortization at March 31, 2009 at March 31, 2008
Leasehold improvements $12,724 $52,252 $101,173 $50,310
Informatics equipments and purchased software $46,018 $136,129 $69,319 $75,077
Furniture and equipment $7,889 $141,015 $31,475 $33,215
$66,631 $329,396 $201,967 $158,601
6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
2009 2008$ $
Trade 572,996 691,806
Other government departments 16,666 13,338
Total Accounts Payable and Accrued Liabilities 589,662 705,145
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7. EMPLOYEE FUTURE BENEFITS
i) Severance Benefit
Te NREE calculates its estimate or the liability or employee severance benet by using inormation derived
rom the results o the actuarially determined liability or employee severance benets or the Government as awhole. Te employee severance benet liability, including the current portion, is determined to be $532,206(2008 - $427,731). Te amount expensed to salary and benets in the period was $210,759 (2008 - $235,422),including the amount paid o $106,284 (2008 - $0).
ii) Pension Benefits
Te NREEs and employees contributions to the Public Service Pension Plan or the year were as ollows:
2009 2008$ $
NRTEE s contributions 257,023 247,226
Employees contributions 129,420 117,275
8. CONTRACTUAL OBLIGATIONS
Te nature o the NREE activities can result in some large multi-year contracts and obligations whereby the
NREE will be obligated to make uture payments when the services are rendered. Signicant contractual
obligations that can be reasonably established are summarized as ollow:
2010 2011 2012 2013 Total
& thereafter
Operating lease $27,948 $12,080 $1,259 - $41,287
9. PARLIAMENTARY APPROPRIATIONS
Te NREE receives the majority o its unding through Parliamentary appropriations, which are based primarily
on cash ow requirements. Items recognized in the Statement o Operations and Statement o Financial Position
in one year may be unded through Parliamentary appropriations in prior and uture years. Accordingly, the
NREE has dierent net results o operations or the year on a government unding basis than on an accrual basiso accounting. Tese dierences are reconciled on the ollowing page.
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ANNUAL REPORT 2008-2009 21
a) Reconciliation of net cost of operations to current year appropriations used:
2009 2008$ $
Net cost of operations 5,593,870 5,604,793
Publication revenue in accordance with section 29.1(1) of
the Financial Administration Act - 988
Adjustments for items affecting net cost of operations but
not affecting appropriations:
Amortization of tangible capital assets (66,631) (67,062)
Services provided without charge (433,976) (417,511)
Funding from other government departments - 17,625
Other revenues 105,885 663
(394,722) (466,286)
Changes in accounts affecting net cost of operations but not affecting appropriations:
Increase in employee future benefits (104,475) (235,422)
(104,475) (235,422)
Adjustments for items not affecting net cost of operations but affecting appropriations:
Acquisitions of tangible capital assets 109,998 22,237
Decrease in publication inventory for resale - (25,426)
Decrease in prepaid expenses (16,199) (16,869)
93,799 (20,058)
Current year appropriations used 5,188,471 4,884,016
b) Appropriations provided and used:
2009 2008$ $
Vote 20 Program expenditures 5,167,183 4,980,916
Statutory appropriation:
Contributions to employee benefit plans 411,000 452,000
Expenses inccurred for publications for resale - 988
5,578,183 5,433,904
Less: Lapsed appropriations operations (389,712) (549,889)
Total appropriations used 5,188,471 4,884,016
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NATIONAL ROUND TABLE ON THE ENVIRONMENT AND THE ECONOMY22
c) Reconciliation of net cash provided by government to currentyear appropriations used:
2009 2008$ $
Net cash provided by government 5,161,630 4,852,448
Publication revenue in accordance with section 29.1(1)
of the Financial Administration Act - 988
Adjustments for items affecting net cash provided by government but
not affecting appropriations:
Funding from other government departments - 17,625
Other revenues 105,885 663
105,885 18,288
Adjustments for items not affecting net cash provided by governmentbut affecting appropriations:
Variation in receivables 36,439 53,579
Variation in accounts payable and accrued liabilities (115,483) (41,287)
(79,044) 12,292
Current year appropriations used 5,188,471 4,884,016
10. DONATIONS
Donations o $105,000 (2008 - $0) received in 2008-2009 rom third parties were used towards the costso an event hosted by the NREE to mark the 20th anniversary o its establishment. All unds were spent
as o March 31, 2009.
11. COMPARATIVE FIGURESSome o the previous years comparative gures have been reclassied to conorm to current years presentation.
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