|Expenditure Category||Expenditures for the year ended||Variance|
|March 31, 2020||March 31, 2019|
|Travel: CDIC Employees||1,161||844||317|
|Travel: Non-CDIC Employees||6||18||(12)|
|Total Travel, Hospitality and Conference Fees||1,326||944||382|
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, 2019, travel expenditures for CDIC employees increased due to increased headcount, increased domestic travel, including travel between offices, together with increased travel related to preparedness activities and engagement activities with key international stakeholders.
Travel: Non-CDIC Employees
Compared with the fiscal year ended March 31, 2019, travel expenditures for non-CDIC employees decreased primarily due to a decrease in core mandate activities being performed by external consultants.
Compared with the fiscal year ended March 31, 2019, CDIC hospitality expenditures were higher due to to the hosting of two biennial conferences in the current year which did not occur in the prior year together with an overall increase in the headcount.
Compared with the fiscal year ended March 31, 2019, the conference fees marginally increased due to new initiatives undertaken by the organization and an overall increase in the headcount.