2025-26 Departmental Plan - Future-Oriented Statement of Operations
The Future Oriented Condensed Statement of Operations provides a general overview of the Atlantic Canada Opportunities Agency’s operations. The forecast of financial information on expenses and revenues is prepared on an accrual accounting basis to strengthen accountability and to improve transparency and financial management. The forecast and planned spending amounts presented in other sections of the Departmental Plan are prepared on an expenditure basis; as a result, amounts may differ.
A more detailed Future Oriented Statement of Operations and associated notes, including a reconciliation of the net cost of operations to the requested authorities, are available on ACOA’s website.
Future-Oriented Condensed Statement of Operations for the year ending March 31 (dollars)
| Financial Information | 2024-25 Forecast results | 2025-26 Planned results | Difference (2025-26 Planned results minus 2024-25 Forecast results) |
|---|---|---|---|
| Total expenses | 273,373,781 | 238,686,815 | (34,686,966) |
| Total revenues | 19,964 | 31,037 | 11,073 |
| Net cost of operations before government funding and transfers | 273,353,817 | 238,655,778 | (34,698,039) |
Planned total expenses for fiscal year 2025-26 are $238.7 million, a decrease of $34.7 million compared to the 2024-25 forecast results. The decrease in planned expenses for fiscal year 2025-26 is due to the sunsetting of a few initiatives.
Total revenues represent the gain on disposal of tangible capital assets.