In my capacity as Chief Financial Officer of the Canadian Air Transport Security Authority (CATSA), accountable to the Board of Directors of CATSA through the Chief Executive Officer, I have reviewed the 2025/26 – 2029/30 Corporate Plan and budgets, and the supporting information that I considered necessary, as of the date indicated below. Based on this due diligence review, I make the following conclusions:
- The nature and extent of the financial and related information is reasonably described, and assumptions having a significant bearing on the associated financial requirements have been identified and are supported.
- Significant risks having a bearing on the financial requirements, the sensitivity of the financial requirements to changes in key assumptions, and the related risk-mitigation strategies have been disclosed.
- Financial resource requirements have been disclosed and are consistent with the stated assumptions, and options to contain costs have been considered.
- Funding is not sufficient to address the financial requirements for the expected duration of the Corporate Plan, with the following observation: CATSA’s Base funding for 2026/27 - 2029/30 will cover the costs to continue to deliver its mandated activities for a portion of these fiscal years only.
- The Corporate Plan and budgets are compliant with relevant financial management legislation and policies, and the proper financial management authorities are in place.
- Key financial controls are in place to support the implementation of proposed activities and ongoing operations of CATSA.
- In my opinion, the Corporate Plan and budgets are sufficient to support decision-making, except for funding as noted in number 4 above.
Nancy Fitchett, CPA, CA
Vice-President, Corporate Affairs and Chief Financial Officer
Canadian Air Transport Security Authority
Date: