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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

View our policies on travel and expense, non-core events and internal and external hospitality.

Report on annual expenditures for travel, hospitality and conferences for 2019-20

This report provides information on total annual expenditures for each of travel, hospitality, and conferences for FCC for the fiscal years ending March 31, 2020 and March 31, 2019 along with explanations on significant variances.

Expenditure category Expenditures for the year ending March 31, 2020
($000)
(a)
Expenditures for the year ending March 31, 2019
($000)
(b)
Variance
(b-a)
Travel:      
Operations $6,621 $5,896 ($725)
Key Stakeholders $880 $717 ($163)
Internal Governance $190 $163 $27
Training $1,466 $1,662 $196
Other $2,075 $1,881 ($194)
Total Travel $11,232 $10,319 ($913)
Hospitality $1,062 $1,541 479
Conference Fees $719 $707 ($12)
Total $13,013 $12,567 ($446)

Travel:

In 2019-20, total travel increased by $0.9M primarily due to increased travel required to support operations.

Hospitality:

In 2019-20, hospitality decreased by 479K, primarily due to a reduction in number of customer events and seminars.

Conference Fees:

Compared to 2018-19, 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 fulfils 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.

Enterprise Management Team

Report File Details
Michael Hoffort, President and Chief Executive Officer
Michael Hoffort 2020-21 Travel and hospitality expenses PDF (151 KB)
Michael Hoffort 2019-20 Travel and hospitality expenses PDF (138 KB)
Michael Hoffort 2018-19 Travel and hospitality expenses PDF (78 KB)
Michael Hoffort 2017-18 Travel and hospitality expenses PDF (105 KB)
Michael Hoffort 2016-17 Travel and hospitality expenses PDF (105 KB)
Travis Asmundson, Executive Vice-President and Chief Information Officer
Travis Asmundson 2020-21 Travel and hospitality expenses PDF (151 KB)
Travis Asmundson 2019-20 Travel and hospitality expenses PDF (135 KB)
Travis Asmundson 2018-19 Travel and hospitality expenses PDF (77 KB)
Travis Asmundson 2017-18 Travel and hospitality expenses PDF (101 KB)
Travis Asmundson 2016-17 Travel and hospitality expenses PDF (101 KB)
Rick Hoffman, Executive Vice-President and Chief Financial Officer
Rick Hoffman 2020-21 Travel and hospitality expenses PDF (148 KB)
Rick Hoffman 2019-20 Travel and hospitality expenses PDF (134 KB)
Rick Hoffman 2018-19 Travel and hospitality expenses PDF (77 KB)
Rick Hoffman 2017-18 Travel and hospitality expenses PDF (99 KB)
Rick Hoffman 2016-17 Travel and hospitality expenses PDF (100 KB)
Greg Honey, Executive Vice-President and Chief Human Resource Officer
Greg Honey 2020-21 Travel and hospitality expenses PDF (151 KB)
Greg Honey 2019-20 Travel and hospitality expenses PDF (134 KB)
Greg Honey 2018-19 Travel and hospitality expenses PDF (77 KB)
Greg Honey 2017-18 Travel and hospitality expenses PDF (101 KB)
Greg Honey 2016-17 Travel and hospitality expenses PDF (101 KB)
Todd Klink, Executive Vice-President and Chief Marketing Officer
Todd Klink 2020-21 Travel and hospitality expenses PDF (151 KB)
Todd Klink 2019-20 Travel and hospitality expenses PDF (136 KB)
Todd Klink 2018-19 Travel and hospitality expenses PDF (78 KB)
Todd Klink 2017-18 Travel and hospitality expenses PDF (104 KB)
Todd Klink 2016-17 Travel and hospitality expenses PDF (103 KB)
Corinna Mitchell-Beaudin, Executive Vice-President and Chief Risk Officer
Corinna Mitchell-Beaudin 2020-21 Travel and hospitality expenses PDF (151 KB)
Corinna Mitchell-Beaudin 2019-20 Travel and hospitality expenses PDF (136 KB)
Corinna Mitchell-Beaudin 2018-19 Travel and hospitality expenses PDF (78 KB)
Corinna Mitchell-Beaudin 2017-18 Travel and hospitality expenses PDF (102 KB)
Corinna Mitchell-Beaudin 2016-17 Travel and hospitality expenses PDF (101 KB)
Sophie Perreault, Executive Vice-President and Chief Operating Officer
Sophie Perreault 2020-21 Travel and hospitality expenses PDF (151 KB)
Sophie Perreault 2019-20 Travel and hospitality expenses PDF (137 KB)
Sophie Perreault 2018-19 Travel and hospitality expenses PDF (78 KB)
Sophie Perreault 2017-18 Travel and hospitality expenses PDF (104 KB)
Sophie Perreault 2016-17 Travel and hospitality expenses PDF (103 KB)
Ross Topp, Executive Vice-President and Chief Financial Officer
Ross Topp 2020-21 Travel and hospitality expenses PDF (151 KB)
Greg Willner, Executive Vice-President, Law and Corporate Secretary
Greg Willner 2019-20 Travel and hospitality expenses PDF (136 KB)
Greg Willner 2018-19 Travel and hospitality expenses PDF (80 KB)
Greg Willner 2017-18 Travel and hospitality expenses PDF (104 KB)
Greg Willner 2016-17 Travel and hospitality expenses PDF (103 KB)

Board of Directors