Travel and hospitality expenses
FCC is financially self-sustaining and is not dependent on the federal government for annual funding. Its mandate is to enhance rural Canada by providing business and financial solutions to farm families and agribusiness.
At FCC, acting with integrity and maintaining the highest ethical standards are important priorities. As part of our commitment to advance the business of agriculture, we have policies governing:
- Travel necessary to effectively deliver services to customers and reimburse employees for expenses when traveling on FCC business
- Hosting customer events and community events
- Use of internal business meetings, teambuilding and volunteer activities
Report on annual expenditures for travel, hospitality and conferences for 2018-19
This report provides information on total annual expenditures for each of travel, hospitality, and conferences for FCC for the fiscal years ending March 31, 2019 and March 31, 2018 along with explanations on significant variances.
|Expenditure category||Expenditures for the year ending March 31, 2019
|Expenditures for the year ending March 31, 2018*
In 2018-19, total travel increased $1.1M primarily due to increased travel required to support operations and key stakeholder relationships.
In 2018-19, hospitality decreased by 113K, due to ongoing due diligence and management of FCC's expenses.
Compared to 2017-18, there was no significant variance in conference fees.
Enterprise Management Team and Board of Directors expenditures
Members of the Enterprise Management Team are responsible for ensuring the corporation achieves its mandate and strategic objectives. Travel is required to meet with industry partners, stakeholders and FCC's shareholder (Government of Canada), as well as customers and employees.
The FCC Board of Directors meet regularly to ensure that the corporation remains focused on its vision, mission, and values, and fulfills its public policy role. Travel is required to attend Board meetings and other key corporate events, conference and learning events.
The following lists travel and hospitality expenses for each member of the Enterprise Management Team and Board of Directors. Expenses are reported monthly, with running totals for the year shown at the bottom of each table.