MINISTRY OF ADVANCED EDUCATION

Summary

$000

Estimates 2001/02¹

Vote

Estimates 2002/03

Net

No.

Gross

Recoveries

Net

OPERATING EXPENSE

Voted Appropriations

1,892,445

Ministry Operations.......................................................

1,913,030

(13,014)

1,900,016

1,892,445

Total Voted Expense ...................................

1,913,030

(13,014)

1,900,016

Special Accounts (Statutory Authority)

86,341

Industry Training and Apprenticeship................................

78,907

—

78,907

(87,090)

Less Transfer from Ministry Operations Vote...............

(79,227)

—

(79,227)

(749)

Total Special Accounts (net of transfers)...................

(320)

—

(320)

1,891,696

Total Operating Expense ..............................

1,912,710

(13,014)

1,899,696

346

Fulltime Equivalent (FTE) Employment

278

TOTAL EXPENSE BY

GROUP ACCOUNT CLASSIFICATION

19,297

Salaries and Benefits.....................................................

15,911

106,021

Operating Costs............................................................

102,621

1,616,142

Government Transfers...................................................

1,622,458

163,250

Other Expenses...........................................................

171,720

(13,014)

External Recoveries......................................................

(13,014)

1,891,696

Total Expense ..............................................

1,912,710

(13,014)

1,899,696

CAPITAL AND OTHER FINANCIAL REQUIREMENTS

Disbursements

Receipts

Net

123,000

Prepaid Capital Advances ²...........................................

200,350

3,806

Capital Expenditures ³ ..................................................

2,685

—

2,685

113,000

Loan, Investment and Other Requirements ⁴.....................

148,394

(5,067)

143,327

239,806

Total .....................................................................

351,429

(5,067)

346,362

NOTES

¹ For comparative purposes only, figures shown for 2001/02 expense, FTEs and capital expenditures have been restated to be consistent with the presentation of the 2002/03 Estimates. Schedule A presents a detailed reconciliation.

² Details of prepaid capital advances are presented in Schedule C.

³ Details of capital expenditures are presented in Schedule D.

⁴ Details of loan, investment and other requirements are presented in Schedule E.

Vote 10	MINISTRY OPERATIONS
	Classification by Sub-Vote

Estimates 2001/02 $000			Estimates 2002/03 $000

519	Minister's Office.........................................................................................................		419
31,320	Program Management (net of recoveries)......................................................................		24,234
1,382,586	Educational Institutions and Organizations (net of recoveries)............................................		1,407,937
74,099	Industry Training and Apprenticeship Programs..............................................................		71,570
154,444	Student Financial Assistance Programs........................................................................		156,756
142,300	Debt Service Costs...................................................................................................		145,000
93,700	Amortization of Prepaid Capital Advances.....................................................................		94,100
13,477	Youth Programs........................................................................................................		—
1,892,445		Total Vote .............................................................................................	1,900,016


VOTE DESCRIPTION This vote provides for ministry programs and operations including: (a) Minister’s Office – This sub-vote provides for the office of the Minister of Advanced Education, and includes salaries, benefits, allowances and operating expenses of the minister and the minister's staff. (b) Program Management - This sub-vote provides for executive direction and program support for ministry activities. This sub-vote also provides funding for the administration of the Industry Training and Apprenticeship Act. Government transfers are provided for the ministry's share of the operating expenses of the Council of Ministers of Education (Canada), Forum of Labour Market Ministers, and national and international education initiatives. Recoveries are received from participation in federal/provincial agreements and activities, and other sources. (c) Educational Institutions and Organizations - This sub-vote provides funding to universities, university colleges, colleges, institutes, educational agencies, and other educational organizations to support the post secondary education system. Recoveries are received from the federal government in accordance with federal/provincial agreements. (d) Industry Training and Apprenticeship Programs - This sub-vote provides funding to the Industry Training and Apprenticeship Special Account to support industry training, apprenticeship and related programs.

Vote 10
MINISTRY OPERATIONS

Group Account Classification
	Estimates 2001/02 $000	Estimates 2002/03 $000

MINISTER'S OFFICE

Salaries and Benefits........................................................................................................................	447	341
Operating Costs...............................................................................................................................	72	78
Total ..................................................................................................................................	519	419


PROGRAM MANAGEMENT

Salaries and Benefits........................................................................................................................	12,355	11,940
Operating Costs...............................................................................................................................	5,753	4,416
Government Transfers......................................................................................................................	235	235
Other Expenses..............................................................................................................................	12,991	7,657
External Recoveries.........................................................................................................................	(14)	(14)
Total ..................................................................................................................................	31,320	24,234


EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS

Government Transfers......................................................................................................................	1,395,586	1,420,937
External Recoveries.........................................................................................................................	(13,000)	(13,000)
Total ..................................................................................................................................	1,382,586	1,407,937


INDUSTRY TRAINING AND APPRENTICESHIP PROGRAMS

Other Expenses..............................................................................................................................	74,099	71,570

Vote 10

(e) Student Financial Assistance Programs - This sub-vote provides for financial, income and other assistance to and for students including interest on student loans issued by financial institutions under these programs; debt service costs net of interest earned on loans issued by the province; provisions for future liabilities on student loans; government transfers to students; and government transfers for initiatives that enhance student performance.

(f) Debt Service Costs - This sub-vote provides for debt service costs related to the capital costs of new buildings, renovations and improvements to existing university, university college, college, institute and agency facilities, and interest payments on matching funds relating to the Canada Foundation for Innovation Program for research infrastructure projects. Sinking fund assets, which are used to retire existing debt obligations, earn interest that is netted against debt service costs.

(g) Amortization of Prepaid Capital Advances - This sub-vote provides for amortization of funds advanced to universities, university colleges, colleges, institutes and agencies for new buildings, renovations and improvements, and capital leases.

(h) Youth Programs - This sub-vote provided for government transfers to individuals and organizations for work experience and employment skills training programs for youth, including the Student Summer Works program and the Youth Community Action program.

Financial, human resources, information resources, administrative services, freedom of information and privacy services, and general services and assistance are provided to the Ministry of Advanced Education by the Ministry of Education. Communications services are provided to the Ministry of Advanced Education by the Public Affairs Bureau.

Vote 10
MINISTRY OPERATIONS

Group Account Classification
	Estimates 2001/02 $000	Estimates 2002/03 $000

STUDENT FINANCIAL ASSISTANCE PROGRAMS

Government Transfers......................................................................................................................	133,494	130,036
Other Expenses..............................................................................................................................	20,950	26,720
Total ..................................................................................................................................	154,444	156,756


DEBT SERVICE COSTS

Other Expenses..............................................................................................................................	142,300	145,000


AMORTIZATION OF PREPAID CAPITAL ADVANCES

Operating Costs...............................................................................................................................	93,700	94,100


YOUTH PROGRAMS

Government Transfers......................................................................................................................	13,477	—

Special Account

INDUSTRY TRAINING AND APPRENTICESHIP

Estimates 2001/02

Estimates 2002/03

$000

$000

2,512

Total Account Balance at the Beginning of the Fiscal Year ............

3,791

Operating Transactions

87,620

Revenue...................................................................................

79,757

86,341

Expense...................................................................................

78,907

1,279

Net Revenue (Expense) .............................................................

850

3,791

Total Account Balance at the End of the Fiscal Year.......................

4,641

Financing Transactions

Loans, Investments and Capital Asset Acquisitions

—

Receipts ....................................................................................

—

1,279

Disbursements – capital ...............................................................

850

—

– other ................................................................

—

(1,279)

Net Cash Source (Requirement) ..................................................

(850)

(1,279)

Total Financing Transactions.........................................................

(850)

SPECIAL ACCOUNT DESCRIPTION

This account was established by the Industry Training and Apprenticeship Act. The purpose of the account is to support projects and initiatives under the Industry Training and Apprenticeship Act, including the designation of trades and occupations; the establishment of industry training and apprenticeship programs; the allocation of funds including government transfers to other agencies, organizations and individuals to support training in designated trades and occupations; the granting of credentials for workers in designated trades and occupations; and increasing the proportion of members of under-represented groups in designated trades and occupations.

Revenue is received through a transfer from the Ministry of Advanced Education, Ministry Operations Vote and from fees charged under the Industry Training and Apprenticeship Act to employers and individuals as may be appropriate. Expenses are for government transfers; contractual agreements with private and public institutions to support training in designated trades and occupations; new initiatives in work-based training; and administration costs.

Financial, human resources, information management, and freedom of information and protection of privacy are provided by the Ministry of Education.

Financing Transaction
	BRITISH COLUMBIA STUDENT LOAN PROGRAM

Estimates 2001/02		Estimates 2002/03
$000		$000

2,500	Receipts .............................................................................................................................	5,067
115,500	Disbursements ....................................................................................................................	148,394
(113,000)	Net Cash Source (Requirement) .....................................................................................	(143,327)

FINANCING TRANSACTION DESCRIPTION Disbursements represent loans provided to students under the British Columbia Student Assistance Program. Receipts represent principal repayments on outstanding loans. Interest revenue is recovered to the voted appropriation for the management of the public debt. Administration costs are funded through the ministry’s voted appropriations.

Financing Transaction
	PREPAID CAPITAL ADVANCES

Estimates 2001/02		Estimates 2002/03
$000		$000

—	Receipts .............................................................................................................................	—
123,000	Disbursements ....................................................................................................................	200,350
(123,000)	Net Cash Source (Requirement) .....................................................................................	(200,350)

FINANCING TRANSACTION DESCRIPTION Funds are provided to universities, university colleges, colleges, institutes and agencies for approved capital costs of new buildings, renovations and improvements, and capital leases.