|Expenditure Category||Expenditures for the year ended||Variance|
|March 31, 2019||March 31, 2018|
|Travel: CDIC Employees||844||921||(77)|
|Travel: Non-CDIC Employees||18||11||7|
|Total Travel, Hospitality and Conference Fees||944||1,068||(124)|
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, 2018, travel expenditures for CDIC employees decreased primarily due to decreased domestic travel, including travel between offices, together with decreased travel related to preparedness activities and engagement activities with key international stakeholders as compared to last year.
Travel: Non-CDIC Employees
Compared with the fiscal year ended March 31, 2018, travel expenditures for non-CDIC employees increased primarily due to an increase in core mandate activities being performed by external consultants.
Compared with the fiscal year ended March 31, 2018, CDIC hospitality expenditures were lower due to the hosting of two bienniel conferences in the prior year which did not occur this year.
Compared with the fiscal year ended March 31, 2018, the conference fees remained relatively consistent.