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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 2020-21

This report provides information on total annual expenditures for travel, hospitality, and conferences for FCC for the fiscal years ending March 31, 2021 and March 31, 2020 along with explanations on significant variances.

Expenditure category Expenditures for the year ending March 31, 2021
($000)
(a)
Expenditures for the year ending March 31, 2020
($000)
(b)
Variance
(b-a)
Travel:      
Operations $614 $6,621 $6,007
Key Stakeholders $13 $880 $867
Internal Governance $4 $190 $186
Training $16 $1,466 $1,450
Other $87 $2,075 $1,988
Total Travel $734 $11,232 $10,498
Hospitality $321 $1,062 $741
Conference Fees $404 $719 $315
Total $1,459 $13,013 $11,554

Travel:

In 2020-21, total travel decreased significantly in all categories due to COVID-19 restrictions.

Hospitality:

In 2020-21, total hospitality decreased significantly due to COVID-19 restrictions.

Conference Fees:

In 2020-21, total conference fees decreased significantly due to COVID-19 restrictions.

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 2021-22 Travel and hospitality expenses PDF (125 KB)
Travis Asmundson, Executive Vice-President and Chief Information Officer
Travis Asmundson 2021-22 Travel and hospitality expenses PDF (125 KB)
Greg Honey, Executive Vice-President and Chief Human Resource Officer
Greg Honey 2021-22 Travel and hospitality expenses PDF (125 KB)
Todd Klink, Executive Vice-President and Chief Marketing Officer
Todd Klink 2021-22 Travel and hospitality expenses PDF (125 KB)
Corinna Mitchell-Beaudin, Executive Vice-President and Chief Risk Officer
Corinna Mitchell-Beaudin 2021-22 Travel and hospitality expenses PDF (125 KB)
Sophie Perreault, Executive Vice-President and Chief Operating Officer
Sophie Perreault 2021-22 Travel and hospitality expenses PDF (125 KB)
Ross Topp, Executive Vice-President and Chief Financial Officer
Ross Topp 2021-22 Travel and hospitality expenses PDF (125 KB)

Board of Directors

Archive reports

Report File details
Enterprise Management Team and Board of Directors
2020-21 Travel and hospitality expenses PDF (311 KB)
2019-20 Travel and hospitality expenses PDF (785 KB)
2018-19 Travel and hospitality expenses PDF (211 KB)
2017-18 Travel and hospitality expenses PDF (232 KB)
2016-17 Travel and hospitality expenses PDF (215 KB)