Workplace Safety & Prevention Services | 28
Workplace Safety & Prevention Services
Notes to Financial Statements
March 31, 2021
(7)
9 Internally restricted
The following represents the balances within each of the Corporation's internally restricted funds as at
March 31:
2021
$
2020
$
Fund for Employee Future Benefit Equalization Reserve 18,517,500 19,920,400
Fund for CHSI capital expenditures - 1,696,287
18,517,500 21,616,687
The Board approved an internally restricted fund as at December 31, 2015 for the amount of remeasurements
and other items recognized in the statement of changes in net assets (deficiency) related to the Corporation's
defined benefit post-retirement plan. In the current year, $1,402,900 in actuarial losses (2020 – $7,836,400
gains) resulting from the change in benefits during the year was transferred to this fund. This fund will be used
to offset future actuarial losses.
10 Training and publication recoveries
2021
$
2020
$
Consulting 2,384,738 2,983,297
Training 1,881,214 5,275,034
Safety group 379,027 550,672
E-learning training 275,469 248,975
Safety literature and information services (safety products) 83,499 127,516
Conferences 81,889 2,023,313
5,085,836 11,208,807
11 Commitments
The Corporation has operating leases for various office premises and equipment with minimum annual
payments as follows:
$
2022 109,632
2023 113,058
2024 113,058
2025 113,058
2026 75,372
Thereafter -
524,178
