Annual Report 2008-2009 - National Gallery of Canada

11. EMPLOYEE FUTURE BENEFITS (continued)
Severance Benefits Plan
The Gallery provides severance benefits to its employees based on years of service and final salary. This benefit plan is not prefunded
and thus has no assets, resulting in a plan deficit equal to the accrued benefit obligation. Future years’ increases to the
liability will be funded from future appropriations. Information about the plan, measured as at the balance sheet date, is as
follows:
(in thousands of dollars) 2009 2008
Accrued benefit obligation, beginning of year $ 2,647 $ 2,342
Expense for the year 450 429
Benefits paid during the year (487) (124)
Accrued benefit obligation, end of year $ 2,610 $ 2,647
Short term portion (included in accounts payable and accrued liabilities) $ 785 $ 827
Long term portion 1,825 1,820
$ 2,610 $ 2,647
12. DEFERRED CAPITAL FUNDING
Deferred capital funding represents the unamortized portion of parliamentary appropriations used to purchase depreciable
property and equipment.
(in thousands of dollars) 2009 2008
Balance at beginning of year $ 90,908 $ 94,823
Appropriations used to purchase depreciable property and equipment 7,488 1,834
Amortization (5,268) (5,749)
Loss on disposal of leasehold improvements (1,716) -
Balance at end of year $ 91,412 $ 90,908
13. PARLIAMENTARY APPROPRIATIONS
(in thousands of dollars) 2009 2008
For operating and capital expenditures
Main Estimates $ 45,268 $ 38,752
Supplementary estimates 2,765 5,160
48,033 43,912
Appropriation deferred for the purchase of depreciable property and equipment (9,935) (5,650)
Amortization of deferred capital funding 5,268 5,749
Loss on disposal of leasehold improvements 1,716 -
45,082 44,011
For the purchase of objects for the collection
Main Estimates 8,000 8,000
Appropriation recognized from prior year 2,167 2,502
Appropriation deferred to future years (1,784) (2,167)
8,383 8,335
Parliamentary appropriations $ 53,465 $ 52,346
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