Future-oriented Financial Statements (Unaudited) for fiscal year 2013-2014 ending March 31, 2014 - Notes to the Future-oriented Financial Statements (Unaudited)
10. Contractual obligations
Notes to the Future-oriented Financial Statements (Unaudited)
10. Contractual obligations
The nature of INFC's activities can result in some large multi-year contracts and obligations whereby INFC will be obligated to make future payments in order to carry out its transfer payment programs or when the services/goods are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:
2015 | 2016 | 2017 | 2018 and thereafter |
Total | |
---|---|---|---|---|---|
Transfer Payments: | |||||
Provinces, territories and municipalities have federal financial support for their infrastructure priorities | |||||
Gas Tax Fund | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 8,000,000 |
Funding for quality, cost-effective public infrastructure that meets the needs of Canadians in a competitive economy, a cleaner environment and liveable communities is provided | |||||
Building Canada Fund–Major Infrastructure Component | 294,786 | 210,514 | 109,346 | 126,138 | 740,784 |
Building Canada Fund–Communities Component | 115,399 | 213,441 | 13,129 | 0 | 341,969 |
Canada Strategic Infrastructure Fund | 205,288 | 117,977 | 6,527 | 25,165 | 354,957 |
Border Infrastructure Fund | 41,041 | 12,011 | 0 | 0 | 53,052 |
Operating | |||||
Operating Leases | 72 | 14 | 0 | 0 | 86 |
Total Transfer payments and Operating expense | 2,656,586 | 2,553,957 | 2,129,002 | 2,151,303 | 9,490,848 |
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