Variance explanation

The variance between the 2011-2012 planned spending and total authorities is explained by the $1.4 million received for financing of severance pay and parental leave and the $603,000 carried forward from 2010-2011 to 2011-2012. All program activities contributed to the funds carried forward from 2011-2012 to 2012-2013, totalling $1.9 million, in anticipation of payment of the 2011-2012 retroactive salary revisions and the benefits on severance pay related to the program cut announced in the 2012 federal budget. The NFB also wants to set up a reserve to contribute to the financing of its headquarters relocation project.

(in thousands of dollars)
Total planned spending 66,782
Supplementary estimates 2,004
Total authorities 68,786
Carry-forward of funds from 2011-2012 (1,882)
Total actual spending 66,904