Canada-Newfoundland Offshore Petroleum Board

Name of transfer payment program

Canada-Newfoundland Offshore Petroleum Board (Statutory)

Start date

1985-86

End date

Perpetuity

Fiscal year for terms and conditions

N/A

Strategic Outcome

1 – Canada's Natural Resource Sectors are Globally Competitive

Link to department's Program Alignment Architecture

1.4 – Statutory Programs — Atlantic Offshore

Description

NRCan pays 50% of the operating costs of the Canada-Newfoundland Offshore Petroleum Board. The Province pays the other 50%. This is done pursuant to section 27 of the Canada-Newfoundland Atlantic Accord Implementation Act. Approximately 75% of the Board’s operating budget is cost recovered and remitted to the governments of Canada and Newfoundland and Labrador on a 50-50 basis.

This transfer payment program does not have any repayable contributions.

Expected results

Management of statutory requirements related to offshore petroleum in the Canada-Newfoundland and Labrador offshore in a timely and efficient manner.

Fiscal year of last completed evaluation

Although an evaluation has not been undertaken, NRCan completed an internal audit of offshore revenues and transfers in fiscal 2014-15. The audit concluded that the Department has an effective management control framework to support the exercise of its administrative requirements and obligations in relation to the various offshore revenue and transfer streams, and transfers are made to the provinces on an accurate and timely basis.

Decision following the results of last evaluation

N/A

Fiscal year of planned completion of next evaluation

N/A

General targeted recipient groups

Other level of government (joint federal-provincial board)

Initiatives to engage applicants and recipients

Before budgets are recommended for ministerial approval, officials engage with Board officials to understand the budgetary request and consult with provincial officials to understand their position.

Total grants

Total contributions

Total transfer payments