About CDIC

Report on annual expenses for travel, hospitality and conferences 2017-2018

(C$ thousands)

Expenditure Category Expenditures for the year ended Variance
March 31, 2018 March 31, 2017
Travel: CDIC Employees 921 869 52
Travel: Non-CDIC Employees 11 64 (53)
Total Travel 932 933 (1)
Hospitality 117 61 56
Conferences Fees 19 6 13
Total Travel, Hospitality and Conference Fees 1,068 1,000 68

Significant variances compared with previous financial year

This section provides a brief explanation of significant variances from the previous year’s annual expenditures for each category.

Travel: CDIC Employees

Compared with the fiscal year ended March 31, 2017, travel expenditures for CDIC employees increased primarily due to core mandate activities in support of program delivery, including:

  • preparedness activities
  • engagement activities with key international stakeholders

Travel: Non-CDIC Employees

Compared with the fiscal year ended March 31, 2017, travel expenditures for non-CDIC employees decreased primarily due to a reduction of core mandate activities being performed by external consultants.

Hospitality

Compared with the fiscal year ended March 31, 2017, CDIC hospitality expenditures increased mainly due to costs incurred to host a biennial CDIC conference related to deposit insurance.

Conferences Fees

Compared with the fiscal year ended March 31, 2017, the conference fees expenditure variance is mainly due to increased participation in professional development workshops during the year.

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