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ESTIMATED SUMMARY ACCOUNTS DEFICIT |
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Estimates 1 |
Revised Forecast |
Estimates |
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|
2001/02 |
2001/02 |
2002/03 |
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|
$000 |
$000 |
$000 |
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|
|
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|
(2,177,900) |
(2,783,900) |
Consolidated Revenue Fund Operating Result before Joint Trusteeship |
(3,518,000) |
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|
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Taxpayer Supported Crown Corporations and Agencies 2 |
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|
40,000 |
38,000 |
British Columbia Buildings Corporation......................................................................... |
34,000 |
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|
3,000 |
17,000 |
British Columbia Ferry Corporation............................................................................. |
16,000 |
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|
— |
1,000 |
BC Transportation Financing Authority......................................................................... |
(56,000) |
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|
(60,100) |
(157,000) |
Other...................................................................................................................... |
3,000 |
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|
(17,100) |
(101,000) |
|
(3,000) |
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|
(18,000) |
(22,000) |
Net Transfers from (to) the Consolidated Revenue Fund 3.............................................. |
(19,000) |
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|
(191,000) |
29,000 |
Accounting Adjustments 4.......................................................................................... |
(184,000) |
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|
(226,100) |
(94,000) |
Taxpayer Supported Crown Corporations and Agencies................................................ |
(206,000) |
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|
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Self-Supported Crown Corporations and Agencies |
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|
420,000 |
395,000 |
British Columbia Hydro and Power Authority................................................................ |
345,000 |
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|
616,000 |
627,000 |
British Columbia Liquor Distribution Branch................................................................... |
640,000 |
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|
585,000 |
600,000 |
British Columbia Lottery Corporation............................................................................ |
660,000 |
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|
1,000 |
(118,000) |
British Columbia Railway Company........................................................................... |
14,000 |
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|
35,000 |
(258,000) |
Insurance Corporation of British Columbia.................................................................... |
(10,000) |
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|
3,000 |
— |
Other 5................................................................................................................... |
5,000 |
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|
1,660,000 |
1,246,000 |
|
1,654,000 |
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|
(1,393,000) |
(1,402,000) |
Net Transfers from (to) the Consolidated Revenue Fund 6.............................................. |
(1,401,000) |
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|
(201,000) |
(324,000) |
Accounting Adjustments 7.......................................................................................... |
(179,000) |
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|
66,000 |
(480,000) |
Self-Supported Crown Corporations and Agencies......................................................... |
74,000 |
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|
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|
(2,338,000) |
(3,357,900) |
Summary Accounts Deficit before Forecast Allowance and Joint Trusteeship..................... |
(3,650,000) |
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|
(500,000) |
(70,000) |
Forecast Allowance.................................................................................................. |
(750,000) |
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|
1,338,000 |
1,464,000 |
Joint Trusteeship...................................................................................................... |
— |
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|
(1,500,000) |
(1,963,900) |
Summary Accounts Deficit......................................................................................... |
(4,400,000) |
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NOTES |
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1 |
See note 1 on page 4 for details on 2001/02 Estimates restatement. |
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2 |
See Schedule J for details on revenues and expenses. |
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3 |
Includes dividends form the British Columbia Buildings Corporation and other taxpayer-supported Crowns and agencies. |
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4 |
Adjustments to make Crown corporation and agency accounting policies consistent with government accounting policies - primarily related to the amortization of highway infrastructure in the BC Transportation Financing Authority. The 2001/02 Revised Forecast amount includes the impact of assistance to Skeena Cellulose Inc. ($220 million). |
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5 |
Includes Columbia Power Corporation and Provincial Capital Commission. |
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6 |
Dividends from self-supported Commercial Crown corporations and agencies (see page 8) are eliminated to avoid double counting. |
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7 |
Includes the net effect of adjustments for British Columbia Hydro and Power Authority Rate Stabilization Fund transfers ($5 million), and British Colombia Lottery Corporation transfers to charities and local governments ($184 million). |
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