Home > Corporate > Media Centre > Chief of the Defence Staff > Finance and Informatics
The Finance and Informatics Division ensures timely, accurate and cost-effective financial accounting and reporting of all NPF activities, preparing nearly 260 complete sets of financial statements and more than 125 schedules every month. The Division manages the overall NPF cash flow and the Canadian Forces Central Fund (CFCF), a principal source of funds for NPF programs and activities. The CFCF generated nearly $11 million in investment revenue during the fiscal year 2003/2004.
The Division operates the NPF Wide Area Network which has more than 650 workstations (and many more users) located throughout Canada and Europe. Disseminating information quickly and effectively is a challenge for any organization servicing a large and diverse group of clients, and CFPSA is no exception. Through our web site we are reaching more people, more often. www.cfpsa.com is fast, functional and full of up-to-the-minute news and information about current CFPSA programs and events.
As of January 2004, our web site, www.cfpsa.com, received nearly 60,000 monthly visits, up 50 per cent from the previous year. Visitors to our site spent, on average, more than 16 minutes browsing the wide variety of information available. CANEX and SISIP FS pages are also online at www.canex.ca and www.sisip.com.
FACT:
www.cfpsa.com received 572,089 visits in 2003/2004 - an increase of 105 per cent over the previous year.
FACT:
During the fiscal year 2003/2004, 6.9 million significant financial transactions were processed.
Canadian Forces Central Fund (CFCF) Loans
The CFCF provides direct and indirect financial support to a wide variety of NPF programs and activities. The CFCF offers a low interest (four per cent) loans program to Base Funds and Messes to finance a wide variety of capital projects (construction, renovations, furnishings, etc). In addition, the CFCF makes interest-free loans to units deploying (such as deployed ships or UN operations) to finance their canteen and mess inventories during the deployment.
  - Net Worth  - Total Revenues  - Total Expenses  - Expenses Less Recap |
Finance/Informatics: Looking ahead
The Division is implementing a major project to streamline the accounting process by moving from regional processing to national processing. This innovative approach will result in a virtual national accounting office physically located at Edmonton, Borden, Valcartier and Halifax. This initiative will reduce the overall cost of accounting by approximately $1 million annually.
The Division is also supporting the Customer Relationship Management (CRM) initiative, which will make NPF programs and activities more easily accessible and reduce the administrative effort for military personnel and their families to register and become involved in the programs and activities themselves. Community Gateway web sites will be introduced across the country during FY 2004/05.