EFIS Instructions
2026-27
2026-27 Estimates
Schedules
Schedule 1.1

Schedule 1.1 - Consolidated Statement of Operations

The Consolidated Statement of Operations shows the revenues and expenses on a consolidated basis. The revenues less the expenses are the annual surplus or deficit.

This form conforms to Public Sector Accounting Board (PSAB) section PS 1202 (Financial Statement Presentation) and Guideline PSG-4 (Funds and Reserves). The impact of deferred capital contributions (DCC) is included on the form per PS-3410 (Government Transfers).

As per PSG-4, paragraph 7, the creation of, addition to, or deduction from funds and reserves does not create a revenue or expense, and would therefore not be reported on the statement of operations.

  • In the Estimates and Revised Estimates, there is only one column (Budget), which is automatically populated based on data entry on other schedules.

  • In the Financial Statements:

    • Column 1 (Budget) is preloaded from the board-submitted 2026-27 Estimates and may be adjusted, if necessary.
    • Column 2 (Current Year Actual) is automatically populated based on data entry on other schedules.
    • Column 3 (Prior Year Actual) is preloaded from the board-submitted 2025-26 Financial Statements and may be adjusted, if necessary.

Relationship to other schedules:

  • Revenues are loaded from Schedule 9, and expenses are loaded from Schedule 10.

  • Amortization of deferred capital contributions are loaded from Schedule 5.3:

    • Item 1.9.1 is loaded from Schedule 5.3, item 2.5, column 6.
    • Item 1.9.2 is loaded from Schedule 5.3, item 2.4, column 6.

  • DCC revenues related to the disposal of TCA (recorded on Schedule 9, items 9.2 and 9.3) are included in the value loaded to this schedule at item 1.8 (Fees and Revenues from Other Sources).

  • Additional information on the recording of revenues and expenses are included in the instructions relating to the detailed schedules.

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Schedule 3